Global Kraft Liner Market Predicted CAGR 6.2% 2017-2025
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The global kraft liner market size was estimated at approx. $34 billion 33.93 billion in 2017 and expected to register a CAGR of 6.2% over the forecast to year 2025 at which point the approx. market size will reach $55 billion according to the projections of Grand View Research or GVR in their recently published (Jan. 2019) market study.
https://www.grandviewresearch.com/industry-analysis/kraft-liner-marke
On March 14 the U.S. West Coast PR Newswire (San Francisco, Cali. USA) received additional information as part of an ongoing promotion for GVR's completed study and subsequently published them online. The following additional information was included in this weeks most recent promotional summary as noted by the SF PR News Wire:
- Kraft liner with a GSM grade between 80 to 160 accounted for 58.6% of the revenue share in 2017 owing to high product penetration in manufacturing corrugated boxes used for packaging food and beverages, consumer goods, and medical tools
- Higher GSM grades are expected to register significant growth as these products are multi-layered, thick in size, and are attached with cardboard flute which provides a cushion to the object and helps protect it during transportation
- The kraft liner with GSM grade higher than 160 is expected to register a CAGR of 6.0% in terms of revenue from 2017 to 2025 owing to rising demand for heavy-duty packaging for industrial applications
- Asia Pacific is expected to register a CAGR of 6.8% in terms of revenue over the forecast period owing to rising demand for corrugated packaging from developing economies on account of growing manufacturing sector
- The kraft liner market is characterized by the presence of a large number of players striving to increase their penetration in different regions, through acquisitions of local manufacturers at strategic locations.
