February 16, 2022 12:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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DUBAI, United Arab Emirates, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The global Kraft Liner Market is walking down the path of progression. It is bound to be worth US$ 20.7 Bn by the year 2029 at a CAGR of 1.7% between 2022 and 2029.
Increasing demand for plastic-free packaging solutions from food and retail industries is anticipated to contribute to the growth of the global Kraft Liner Market over the next decade. Moreover, paper and paperboard are anticipated to be the future of the packaging industry, owing to the negative perception of plastic across the globe.
Applications of kraft liner and test liner solutions are expected to increase over the forecast period, attributable to the ban on single-use plastic by governments in various countries, which is anticipated to motivate large brands and companies to use alternatives to plastic-based packaging in the foreseeable future.
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On the back of these factors, the global kraft liner market is estimated to reach a value well above US$ 20.7 Bn by 2029.
Key Takeaways of Kraft Liner Market Study
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Product Launch - Key Strategy of Manufacturers in Kraft Liner Market
Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.
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Future Market Insights, in its new report, offers an unbiased analysis of the global kraft liner market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029. The study offers growth projections of the kraft liner market on the basis of product (bleached and unbleached), basis weight (below 200 GSM, 200-400 GSM, and above 400 GSM), application (corrugated sheets, corrugated boxes, and container boards or solid boards), and end use (food {processed food, fresh produce, dairy products, food grains, confectionery & bakery, and other foods}, beverages {alcoholic and non-alcoholic}, electrical & electronics (industrial and consumer), healthcare, tobacco, automotive & allied industries, e-Commerce, chemicals & fertilizers, building & construction, and others), across seven major regions.
Key Segments Covered in Kraft Liner Industry Research
Kraft Liner Market by Product
Kraft Liner Market by Basis Weight
Kraft Liner Market by Application
Kraft Liner Market by End use
Kraft Liner Market by Region
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Explore FMI’s Extensive ongoing Coverage on Packaging Domain
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