Sack Kraft Paper Market Growing Trends Analysis and Business Strategies, 2022
The factors that propel the growth of the market include rapid growth of construction industry and increasing demand for eco-friendly packaging material.
(firmenpresse) - Global Sack Kraft Paper Market is anticipated to witness an exponential growth in the forecast period. A sack kraft paper manufactured from paperboard or paper made of wood pulp is a porous paper with high elasticity and has strong tear resistance. The factors that propel the growth of the market include rapid growth of construction industry and increasing demand for eco-friendly packaging material. Moreover, increasing demand for building materials, and growing requirements in the food & beverages sector are likely to contribute greatly to the market growth.
On the other hand, there are factors that may hamper the growth of the market including high manufacturing cost, and lack of raw material. Globally, the market is anticipated to grow at a CAGR of 3.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by packaging type, grade, end user, and geography. Market may be explored by packaging type as Open Mouth Sacks and Valve Sacks. Based on grade, the market could span Semi-Extensible, kraft, and Extensible. The market could be explored based on end user as Agrochemicals, Chemicals, Animal feed & Pet Food, Cement and Building Materials, Food, and Others. The “Cement” segment led the sack kraft paper market in 2016 and is anticipated to maintain its dominance over forecast period. The key factors that may be attributed to the growth of market include growing construction activities, and emerging economies such as Asia, Middle East, and Africa.
Asia-Pacific accounted for the major share of the sack kraft paper market in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing demand for cement and other materials for building and rise in construction activities. Asia-Pacific is likely to be followed by North America and Europe that are expected to show sluggish growth in the forecast period.
Some of the key players that fuel the growth of the sack kraft paper market comprise Mondi PLC, BillerudKorsnas AB, Natron-Hayat doo, Segezha Group, Gascoigne Group, Nordic Paper, Canfor Corporation, KapStone Paper and Packaging, Horizon Pulp & Paper, and International Paper. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Datum: 24.03.2020 - 09:31 Uhr
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