New York, NY, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Sack Kraft Paper Market by Grade (White and Brown), by Packaging Type (Open Mouth Sack and Valve Sack), and by End-User (Animal Feed & Pet Food, Cement & Building Materials, Agrochemicals, Food, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024’’. According to the report, the global sack kraft paper market was valued at around USD 31.26 billion in 2017 and is expected to reach approximately USD 41.80 billion by 2024, at a CAGR of around 4.24% between 2018 and 2024.
Sack kraft paper is largely used for storing materials in powdered forms, such as animal feed, cement, flour, etc. This packaging material is made via the kraft process, using the wood pulp as a raw material. It is a biodegradable product made from eco-friendly materials. This paper has high elasticity levels apart from being highly tear-resistant.
Browse through 81 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Sack Kraft Paper Market: Industry Size, Share, Growth Analysis and Forecast, 2017 – 2024”.
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Sack kraft papers are widely used in the construction sector. They come in two different grades, i.e., white and brown. The white grade sack kraft papers enhance the aesthetic value of printing and are largely used in varied cement and building materials. According to the Energy and Industrial Strategy, approximately 15,000 tons of cement was used by the construction industry in 2016. The demand for cement is ever-increasing in the construction industry, which is likely to fuel the sack kraft paper market across the globe in the years ahead. The global demand for sack kraft paper has increased around 2% in the last five years. The sack kraft paper market is further expected to register a high rate of growth in the upcoming years. A major restraining factor of the global sack kraft paper market might be the rising deforestation. However, the shifting focus toward the use of greener alternatives is anticipated to offer new growth opportunities to the key players of the sack kraft paper market across the world.
The sack kraft paper market by segmenting the market based on grade, packaging type, and end-user. By grade, the market is segmented into white and brown. The packaging type segmented includes open mouth sack and valve sack. The end-user segment includes cement and building materials, chemicals, agrochemicals, animal feed, and pet food, food, and others. The cement and buildings segment is estimated to be the most dominant in the sack kraft paper market globally in the upcoming years. This can be attributed to the increased cement usage in construction activities, thereby accelerating the expansion of sack kraft paper market size in the years ahead.
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The regional segment of the global sack kraft paper market includes Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The Asia Pacific sack kraft paper market is projected to witness major growth in the upcoming years. The region leads the production and consumption of sack kraft paper by the construction industry. According to the IBEF, the Indian construction industry is projected to generate nearly USD 5 billion in revenue. Moreover, the country’s cement production capacity is foreseen to reach 550 billion tons by 2020. Thus, these substantial developments in the cement industry are anticipated to support the region’s sack kraft paper market in the near future.
The European sack kraft paper market is likely to witness a substantial rate of growth in the years ahead, owing to various initiatives taken by the government and the presence of renowned players in the region. The key players are adopting new business strategies, such as new product launches, which are likely to fuel this regional market growth in the years ahead. For instance, Mondi, one of the major key players of the sack kraft paper market, introduced a new product that has inner polypropylene bag, which makes it suitable for various types of packing dairy products.
Browse the full “Sack Kraft Paper Market by Grade (White and Brown), by Packaging Type (Open Mouth Sack and Valve Sack), and by End-User (Animal Feed & Pet Food, Cement & Building Materials, Agrochemicals, Food, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/sack-kraft-paper-market
North America is likely to witness a steady rate of growth in the sack kraft paper market during the estimated time period. The region’s food industry is predicted to be one of the most dominant end-user sectors of the sack kraft paper market in North America.
Some key participants of the sack kraft paper market are KapStone Paper and Packaging Corporation, Nordic Paper, Billerud Korsnas AB, Canfor Corporation, Segezha Group, Gascogne Group, Horizon Pulp & Paper Ltd., Natron-Hayat d.o.o, Mondi Group, and Tolko Industries Ltd.
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The report segments the global sack kraft paper market into:
Sack Kraft Paper Market: Grade Analysis
- White
- Brown
Sack Kraft Paper Market: Packaging Type Analysis
- Open Mouth Sack
- Valve Sack
Sack Kraft Paper Market: End-User Analysis
- Cement and Building Materials
- Chemicals
- Agrochemicals
- Animal Feed and Pet Food
- Food
- Others
Sack Kraft Paper Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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