The global Saturated Kraft Paper market gathered revenue around USD 2.9 billion in 2021 and market is set to grow USD 6.2 billion by the end of 2030 and is estimated to expand at a modest CAGR of 4.2% during the prediction period 2022 to 2030.
Growth Factors:
Saturated kraft paper is a type of specialty paper that is made from sawdust material and possess strength & various other features. Saturated kraft paper has wide applications such as countertop, flooring, partition, shelving, and others. Saturated kraft paper has a low impact on the environment, as it can be recycled. This paper offers a variety of benefits such as tear resistance, offer product consistency, high degree of porosity, eco-friendliness, stiffness, and others, which make it suitable for the building & construction industry. Moreover, the saturated kraft paper offers a barrier against moisture as is anti-moisture.
The saturated kraft paper is used as laminates, which provide uniformity & consistency to a product. Generally, chemicals are added to the kraft paper, which results in durability, thickness, and high strength. The growing demand for decorative laminates & surfaces fuels the saturated kraft paper market growth across the world. The saturated kraft paper varies in weight based on the requirement ranging from less than 50 GSM to above 200 GSM. The Nova one advisor analysis offers saturated kraft paper analysis based on the basis weight, paper grade, application, end use, and region.
Report Coverage
| Report Scope | Details |
| Market Size | USD 6.2 Billion by 2030 |
| Growth Rate | CAGR of 4.2% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Basis Weight, Paper Grade, Application, End Use, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned |
International Paper Company, WestRock Company, Nordic Paper AS, Pudumjee Paper Products, Ahlstrom-Munksjo Oyj, Onyx Specialty Papers, Inc., Stora Enso Oyj, Potsdam Specialty Paper Inc. MM Kotkamills. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Saturated Kraft Paper market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Rising Demand for Ready-to-Assemble Furniture Fuels Sales of Saturated Kraft Paper
Unfinished or semi-finished furniture that is sold in parts and assembled by consumers makes up the majority of ready-to-assemble furniture. The rising need for ready-to-assemble (RTA) furniture can be linked to two key elements that extend consumer desire for such products: their superior quality and constant design & décor innovation.
The RTA furniture is also simple to put together, less prone to shipment damages, low maintenance, and portable. In addition to these benefits, the cost of purchasing and maintaining such furniture is also quite inexpensive. RTA furniture’s lower cost compared to conventional furniture, as well as its attractive appearance has resulted in stronger consumer demand for such furniture in both developing as well as developed countries. The increasing preference for RTA furniture will propel the demand for decorative and attractive laminates & ply which will augment the sales of saturated kraft paper. This increase in demand for RTA furniture will lead to the saturated kraft paper market growth.
The principal drivers of the demand for RTA furniture in the U.S. and Europe are rising disposable income and investments in infrastructure development mostly in residential and commercial sectors. The significant growth of ready-to-assemble furniture segment in various regions is likely to enhance the demand for saturated kraft paper.
Robust Growth of Retail Sector Supplements Sales of Saturating Kraft Paper
As home to some of the world’s fastest-growing economies, the Asia Pacific saturated kraft paper market offers significant growth potential. For instance, India’s retail sector has been fueled by the country’s enormous population base, an affluent and growing middle class, rapid urbanization rate, and increasing Internet & online retail penetration.
According to India Brand Equity Foundation, the retail industry has emerged as a fast-paced and most dynamic industry. It accounts for 10% of the country’s GDP. Furthermore, the retail industry achieved around 93% of the pre-COVID sales at the beginning of 2021. The expanding and increasing retail sector adopt the modest furniture, which has a decorative look. Laminates are majorly used, which ultimately fuels the demand for saturated kraft paper.
The India ply and laminates segment has been growing to a positive CAGR, which boosts the demand for saturated kraft paper. The increase in the adoption of the modern retail concept, which is likely to contribute significantly to the market growth. In addition, consumer confidence is helping to drive the market growth for saturated kraft paper.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Saturated Kraft Paper Market include:
· WestRock Company
· Nordic Paper AS
· Pudumjee Paper Products
· Ahlstrom-Munksjo Oyj
· Onyx Specialty Papers, Inc.
· Stora Enso Oyj
· Potsdam Specialty Paper Inc.
· MM Kotkamills
· Fortune Paper Mills LLP
· Shanghai Plastech Group Limited
· Venkraft Paper Mills Pvt. Ltd.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Saturated Kraft Paper Market Segmentation
Saturated Kraft Paper Market by Basis Weight
Saturated Kraft Paper Market by Paper Grade
Saturated Kraft Paper Market by Application
Saturated Kraft Paper Market by End Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Saturated Kraft Paper market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Saturated Kraft Paper market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Saturated Kraft Paper markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Saturated Kraft Paper Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers