Recyclability Cited as Kraft Paper Growth
Smithers cites sustainability and recycling factors among the top reasons for forecasted growth in the global production of kraft paper. The Ohio-based research firm firm's new study, "The Future of Sack & Kraft Paper to 2027," states: "Growth is forecast on the back of significant developments in sustainability in the bag kraft market: paper retail shopping bags are enjoying sustained growth, with increased use of recycled materials." The report was authored by paper industry veteran Stephen Harrod. He puts an $11.4 billion value on kraft paper consumption globally in 2022. According to the research, the sector "is expected to see a 3.7 percent growth rate to 2027." In 2022, almost 11 million metric tons of sack and kraft paper are likely to be produced. Increased demand has been especially noticeable in food packaging applications, with the main driver for that growth is expected to be in the dry foods market. Growth is also forecast due to the sustainability- and recyclability-related growth in retail kraft shopping bag demand.
Read the full story on Recycling Today.