Global Sack Kraft Paper Market is expected to grow significantly in the forecast period owing to the rise in demand for environment-friendly packaging material. Sack Kraft paper is a paperboard is specially used for manufacturing large and medium sized boxes (sacks). The rough matte sided paper is also used as a base for lamination, packaging and coating. Sack Kraft paper is adjustable to a large number of packaging, processing and industrial applications.
Rising use of sack Kraft paper in food and beverage industry and speedy development in the construction industry are driving the market growth. Moreover, government initiatives for cleaner and safer environment are also expected to fuel the market growth. However, sack Kraft paper market is witnessing restraints by the introduction of substitute products that are moisture resistant. Recycling sack Kraft paper is one of the major trends observed in the market. Nonetheless, shift towards biodegradable packaging material is offering opportunities to the market players.
The market is categorized on the basis of packaging type, application, end user and geography. On the basis of packaging type, market is divided into pouch, bag, box and others. Bags and pouches segment is expected to hold larger share of the market due to increase in demand from the consumers on the global scale.
Based on application, sack Kraft paper market is bifurcated into lamination, coating, wrapping and packaging. Wrapping and packaging segment is anticipated to lead market due to increase in demand from packaging industry.
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On the basis of end users, market is divided into food & beverage, automotive, building & construction, agriculture, pharmaceutical and electrical & electronic. Building and construction industry is predicted to register significant growth owing to the booming cement industry and growing construction activities in the emerging regions.
Geographically, sack kraft paper market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is expected to be the dominant region due to increasing construction activities. Due to the growing demand from the food and chemical industry, Europe is also predicted to lead market in the near future.
The key players in sack kraft paper market are Segezha Group, Nordic Paper, Mondi plc, Gascogne Group, Horizon Pulp & Paper Ltd., Tolko Industries Ltd., Natron-Hayat d.o.o., KapStone Paper and Packaging Corporation, Canfor Corporation and BillerudKorsnas AB.
The global market for sack kraft paper will grow at a CAGR of 3.6% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (Food, Construction, Consumer Goods, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).
The report covers forecast and analysis for the sack kraft paper market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the sack kraft paper market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sack kraft paper market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global sack kraft paper market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
Demand for this market rises from the Food, Construction, Consumer Goods, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global sack kraft paper market.
Key Applications• Food• Construction• Consumer Goods
Key Regions• North America• Europe• Asia Pacific• Middle East and Africa• South America
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Key Vendors• KapStone• WestRock• The Mondi Group• Tolko Industries• Canfor Corporation• Georgia-Pacific• BillerudKorsnas• Segezha Group• Gascogne• Zellstoff Pols• Smurfit Kappa• Nordic Paper• Natron-Hayat• Horizon Pulp & Paper• request free sample to get a complete list of companies
Key Questions Answered in this Report• What will the market size be in 2022?• What are the key factors driving the global sack kraft paper market?• What are the challenges to market growth?• Who are the key players in the sack kraft paper market?• What are the market opportunities and threats faced by the key players?
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