New York, April 08, 2021 (GLOBE NEWSWIRE) -- Market Size USD 17 Billion in 2020, Market Growth at a CAGR of 3.5%, Market Trends Increasing demand for attractive and eco-friendly packaging materials for products in food & beverages industry
The global kraft paper market is expected to be valued USD 22.38 Billion in 2028 from USD 17 Billion in 2020, and register a CAGR of 3.5% over the forecast period. Growth of the market is majorly attributable to growing demand for sustainable and recyclable material from packaging and various other end-use industries. Kraft paper is manufactured from wood pulp through pulverizing process and blending with strong wood filament. Rising demand for more environment friendly and effective packaging materials and solutions from end-use industries such as pharmaceuticals, foods & beverage, cosmetics & personal care, building and construction, aerospace, automotive, and electronics is expected to continue to support market growth over the forecast period.
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