KRAFT PAPER MARKET TO CLOCK A CAGR OF 3.9% DURING 2018–2026; GENERATING INTERESTS AMONG END-USE INDUSTRIES SEEKING ENVIRONMENTAL-FRIENDLY PACKAGING
The global kraft paper market features an increasingly dynamic landscape. Several players are focused on constantly unveiling new packaging solutions made from the kraft process, finds Transparency Market Research (TMR). These solutions are aimed at meeting the current diversity of functional needs of end-use industries. A few corrugated packaging companies, such as WestRock Company, have galvanized employee resource groups (ERG) to come up with cutting-edge solutions in the global kraft paper market, observes TMR. Numerous players are also investing in research and development activities to gain a competitive edge over their rivals in the kraft paper market. Analysts also see some well-entrenched players focusing on sustainable packaging solutions made from kraft paper. Names of such companies include Mondi Group, Georgia Pacific LLC, Billerudkorsnas AB, International Paper, Stora Enso, Kapstone Paper & Packaging, and Smurfit Kappa Group Plc. The global kraft p...