Kraft Paper and its Demand in Packaging Industry
Kraft papers, chemical production, increases the elasticity and tear resistance, enhancing the strength and durability of the paper which is used for multiple purposes such as packaging. Paper, derived from wood pulp, is an essential part of the human world especially when it comes to education and the literacy world. Kraft paper and paper board with high tensile strength and gram mage of 40 to 135 g/m2 can be made from various raw materials which take 45 to 50 percent of the total cost of production which is mostly extracted from the forest with an average estimated percentage of 43, agro-based raw materials comprising of 28 percent, and other with 29 percent. The traditional form of using paper is still in huge demand and see no future without it even with the modernized world, the paper industry is grounded deepening its core value in the life of humans.
Related Project:- Kraft Paper
As per Niir Project Consultancy Services (NPCS), there is an obvious sign of progress in this industry and with the advanced time, comes the need for activities related study or also known to be a fun study, including a major place for Kraft paper and related stuff, thus, seeing an increase in demand for the paper industry in present and expected future both.
Consumption, Production, and Turnover of Kraft Paper Industry
Consumption and Production of Kraft papers Around the World
As it is involved with numerous other industries, Kraft paper market is successful in generating an apt outcome which is inter related to its consumption. Kraft papers are also used for the usage in food packaging in the packaging industry. As per different surveys, it was found that the packaging applications are more in relation to the utilization of Kraft papers which amounted to nearly 17.44 million tons in 2017 with a value of $ 16.1 billion. It is forecasted to see a growth of 2.8 percent in the consumption of Kraft paper, annually. Kraft paper, produced from chemical pulp, is used vastly in the packaging industry especially in the western countries and North America. Countries like India, China, and Brazil are further expanding its usage and so the business is further expected to rise in the coming future. The elastic Kraft papers are found in many types in the market, for instance, extensible, semi extensible, natural, and coated Kraft paper. India alone accounts for 3 percent of the total annual paper demand, globally. Kraft papers are considered as a best form of wrapping paper due to its strength, elasticity, low price, quality from carrier perspective, durability, etc.
Related Projects:- Paper Industry, Paper & Paper Board, Paper & Allied Products, Paper Bags, Cups, Cone, Tube, Paper Conversion, Disposable Paper Products, Kraft Paper, News Print, Waste Paper Recycling, Pulp, Corrugated Board & Boxes, Hand Made Paper, Card Board
➔ Annual Turnover in the Market of Kraft Paper
Kraft paper, strong and relatively coarse, market is on the rise basically due to an increased urbanization and its recyclable properties all around the world. Due to these major reasons in promoting growth to the Kraft paper industry, there is an expected growth forecasted of a CAGR of 3 percent with market growth of USD15.6 billion to 18.7 billion by the end of 2019 and 2025 respectively. There are several industries linked to the Kraft paper market’s growth, to cite an example, building and construction, personal care, food and beverages etc.
Conclusion
For detailed analysis and research-based understanding of the Kraft paper industry, please reach out to Niir Project Consultancy Services (NPCS) for a detailed report on the same. Our report covers all the crucial points in the elaboration, inclusive of plant and machinery confirmation, analysis of the market, cost of raw material, balance sheet, Manufacturing Process, and various other important aspects.
Related Books:- Paper And Pulp Production Technology
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