Sack kraft paper market was valued at US$ 8.9 billion in 2016 and is projected to reach US$ 12.5 billion by 2025, exhibiting a CAGR of 3.55% over the forecast period, Sack kraft is used for packaging products and has high tensile energy absorption (TEA), high porosity, high stiffness, and excellent printability as compared to conventional packaging materials. Increasing demand for biodegradable packaging materials in various application such as cement and building industry is driving growth of the sack kraft paper market. However, the lack of the availability of raw materials like wood, is expected to be one of the major restraining factors for the market growth.
Asia Pacific is expected to be the dominant region in the sack kraft paper market over the forecast period. This is mainly attributed to increasing construction industry in this region, owing to increasing infrastructural and construction activities. According to India Brand Equity Foundation (IBEF), trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, Emami Ltd., one of the leading FMCG companies (fast-moving consumer goods), is expected to invest US$ 1.32 billion in 2017, to increase their production capacity of the cement from 2.4 million tons to 20 million tons by 2022. This is expected to positively affect the market, as sack kraft paper is significantly used for cement packaging.
Increasing environmental concerns related to use of plastics has urged various organizations and governments to focus on the development of sustainable packaging materials. Hence, plastic ban by government is positively fueling the sack kraft paper market growth. As per EPA, the Government of Italy has completely banned the distribution of plastic bags that are not from biodegradable sources.
Key features of the study:
This report provides in-depth analysis of sack kraft paper, market size (US$ Million and Kilotons (KT)) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global sack kraft paper market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include BillerudKorsnas AB, Segezha Group, Nordic Paper, Mondi plc, Natron-Hayat d.o.o., Gascogne Group, Tolko Industries Ltd., Canfor Corporation, KapStone Paper and Packaging Corporation, and Horizon Pulp & Paper Ltd.
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global sack kraft paper market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the sack kraft paper market