The report of “Sack Kraft Paper Market” segmented by grade (white and brown), by packaging type (open mouth sack, and valve sack), by end-use industries (cement and building materials, chemicals, animal feed, pet food, and food) and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 12.5Bn by 2027, at a CAGR of 3.9% during a forecast period.
A sack Kraft paper manufactured from paperboard made of wood pulp is a porous paper with strong tear resistance and high elasticity. Kraft paper is designed for packing products packaging and storing powder materials for instance cement, flour, and animal feed. Growing demand for bio-degradable packaging, due to use of environment-friendly material with properties that are porosity, durability, extensibility, and printability is a factor expected to drive growth of the market.
Increasing concerns amongst governments and environmentalists about the hazards of using plastic is forcing them to focus on greener alternatives. The demand for sack Kraft paper is also being fuelled by the steady ban on the distribution and production of plastics in some countries of the world.
Cement & building material segment is dominating the global sack Kraft paper market.
Cement & building material segment is expected to exhibit highest CAGR as compared to other end user industries. This cement & building material segment is a booming sector in developing economies such as Middle East, Asia and Africa. Number of properties are considered while choosing the paper grade for construction of cement sacks, as it must be able to provide high strength.
The Asia Pacific has the largest market share for global sack Kraft paper market during the forecast period.
The Asia-Pacific region is expected to be the biggest market of sack Kraft papers in 2017. Moreover, the Asia-Pacific region is believed to continue its dominance during the forecast period due to huge adoption of sack Kraft papers by various packaging industries. The major countries witnessing the augmented demand for sack Kraft papers are Japan, China and India. Likely, increasing adoption of clean packaging products and favourable government initiatives are envisioned to foster the growth of sack Kraft papers market in the region.
Key players operating in global sack Kraft paper market, Canfor Corporation, The Mondi Group plc, Nordic Paper Holding AB, Segezha Group, BillerudKorsnas AB, KapStone Paper and Packaging Corporation, Gascogne SA, Natron-Hayat d.o.o., Tolko Industries Ltd., and Horizon Pulp & Paper Ltd.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global sack Kraft paper market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global sack Kraft paper market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global sack Kraft paper market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Sack Kraft Paper Market”.
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