Global Sack Kraft Paper Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Sack Kraft Paper Market Introduction :
“The global Sack Kraft Paper Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Sack kraft paper is manufactured from paper or paperboard made of wood pulp is a porous paper with strong tear resistance and high elasticity. Kraft paper is designed for packing products, which possess high tensile energy absorption (TEA), high stiffness, high porosity, and excellent printability. It is used to store powder materials such as cement, flour, and animal feed.
Increasing demand for bio-degradable packaging materials across various industrial applications such as cement and building industry, owing to increasing use of environment friendly material along with its properties such as porosity, durability, extensibility, and printability is a key factor expected to drive growth of the global sack kraft paper market over the forecast period.
In addition, increasing environmental concerns regarding use of plastics and various organizations and governments focus on development of sustainable packaging materials are other factors expected to further fuel growth of the target market over the forecast period. Plastic ban by government is expected to fuel growth of the sack kraft paper market.
For instance, according to EPA, the Government of Italy completely banned the distribution of plastic bags which are not manufactured by biodegradable sources. Furthermore, rising demand for eco-friendly packaging material and growing construction industry are other factors expected to propel growth of the global market over the forecast period.
Moreover, growing consumer awareness regarding the environmental impact of waste material and rising preference towards use of biodegradable packaging paper across the globe are expected to support growth of the target market over the forecast period.
However, lack of availability of the raw materials such as wood, is a key factor expected to restrain growth of the global sack kraft paper market over the forecast period.
Ongoing trend observe in the target market is increasing construction activities across the globe and rising manufacturers preference towards use of environment friendly packaging material are expected to support growth of the global sack kraft paper market over the forecast period.
Increasing adoption of bio-degradable packaging, owing to increasing environmental concerns are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Analysis by Region
The market in Asia Pacific is expected to dominate the global sack kraft paper market in terms of revenue over the forecast period, owing to growing construction industry and increasing demand for sack kraft paper by infrastructural and construction activities across various countries in this region.
In addition, the market in Europe is expected to register significant share in terms of revenue over the forecast period, owing to increasing government policies for ensuring hygiene and food safety of the products.
Global Sack Kraft Paper Market Segmentation:
Segmentation by Packaging Type:
- Open Mouth Sack
- Valve Sack
Segmentation by End-use Industry:
- Cement and Building Materials
- Animal Feed and Pet Food
- Food and Beverages
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BillerudKorsnäs AB (publ)
- Segezha Group
- Nordic Paper AS
- Natron Hayat d.o.o.
- Gascogne SA
- Canadian Kraft Paper Ltd.
- Canfor Corporation
- KapStone Paper and Packaging Corporation
- Horizon Pulp and Paper Ltd.
- International Paper Company
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