Kraft Liner Industry Overview
The global kraft liner market size was estimated at USD 33.93 billion in 2017 and expected to register a CAGR of 6.2% over the forecast period. Rising scope for packaging in application industries, such as import and export, food and beverage, construction, electrical and electronics, and manufacturing is expected to drive the growth.
E-commerce accounted for the largest application segment for corrugated boxes, containers, and sheets on account of flourishing online shopping industry. Increasing demand for corrugated packaging made from kraft liner for electronic devices, glass objects, and food items ordered online, is expected to drive the market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Kraft Liner Market
Raw materials used for the production of kraft liners include old corrugated containers (OCC) and virgin fibers. These raw materials are mixed in a ratio of 80% OCC and 20% virgin fibers. Traditionally, the kraft liners were made with virgin fibers; however, rising preference for low-cost and eco-friendly products has led to the use of recycled materials.
OCC dominate the composition in the final product, thereby impacting its quality levels. OCC is used to minimize the overall production cost and to provide strength to the final product. Thus, the procurement of superior quality OCC, especially through single stream channel, plays a crucial role in the product value chain.
Unstable prices of raw materials have resulted in price variations for kraft liners, thus, affecting the profit margins of manufacturers. The kraft liners require several processes to produce a variety of GSM grades resulting in higher production cost. Major players operating in the industry are engaged in mass manufacturing, thereby, reducing the overall cost of the production.
The incomplete recovery of old corrugated containers can be attributed to the quality of materials as well as their availability. As the OCC sources are remotely situated and the storage conditions are insufficient to maintain the quality of the materials, the recovery remains unfulfilled and thus is expected to hamper growth of the kraft liner market over the forecast period.
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Kraft Liner Market Segmentation
Grand View Research has segmented the global kraft liner market on the basis of product and region:
Kraft Liner Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- GSM80
- GSM 80 to 160
- GSM160
Kraft Liner Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Market Share Insights
- March 2022: WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
Key Companies profiled:
Some prominent players in the global kraft liner market include
- Smurfit Kappa
- Groupo Europac
- Roxcel Handelsges.m.b.H.
- Astron Paper Board Mill
- Eagle Paper International, Inc.
- Thai Paper Mill Company Limited
- International Paper
- Hazel Mercantile Limited
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