Global Sack Kraft Paper Market By Color Grade (White, Brown), Grade (Kraft, Semi-Extensible, Extensible, Others), Product (Natural, Bleached), Packaging Type (Open Mouth Sack, Valve Sack, Others), End-User (Cement & Building Materials, Chemicals, Agrochemicals, Animal Feed & Pet Food, Food, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Sack Kraft Paper Market
Global sack kraft paper market is expected to rise to an estimated value of USD 44.96 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand for products for packaging having high strength, durability and providing other various features such as printability, porosity and others.
Market Definition: Global Sack Kraft Paper Market
Sack kraft paper can be segregated as the paper category that is created from specialised chemical pulp obtained during the kraft process. The paper obtained from this process is utilized for making paper or paperboard having features such as high levels of elasticity, resistance against tearing, highly porous nature. All of the combined features together give rise to its application in manufacturing of packaging products which require high levels of strength and durable nature.
- Increasing concerns for the environment resulting in greater demand for eco-friendly packaging solutions
- Significant growth undergoing in the building & construction sector is also expected to boost the adoption rate of the market
- Presence of stringent regulations and banning of plastics use in various developed countries is also expected to boost the adoption rate
- Requirement of large scale deforestation for the manufacturing of the product are factors restricting the growth of the market
- Availability of alternative packaging solutions such as flexible IBCs, bulk bags, plastic materials is also expected to restrain the growth of the market
Segmentation: Global Sack Kraft Paper Market
By Color Grade
By Packaging Type
- Open Mouth Sack
- Valve Sack
- Cement & Building Materials
- Animal Feed & Pet Food
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In November 2018, WestRock Company announced that they had completed the acquisition of KapStone Paper and Packaging Corporation. Once integrated into WestRock’s business they will be able to provide greater opportunities and solutions relating to the paper and packaging offerings. This acquisition will also improve the presence of WestRock Company in the United States region providing greater revenue streams.
- In November 2016, Tolko Industries Ltd. announced that they had completed the sale of their pulp, paper and sawmill production site situated in Manitoba, Canada to Canadian Kraft Paper Ltd. Canadian Kraft Paper Ltd. will also acquire the employees of the mill and will help in keeping the mill operational
Competitive Analysis: Global Sack Kraft Paper Market
Global sack kraft paper market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sack kraft paper market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global sack kraft paper market are WestRock Company; Nordic Paper; BillerudKorsnäs; Canfor; Segezha Group; Gascogne; Natron-Hayat d.o.o.; Mondi; Canadian Kraft Paper Ltd.; Georgia-Pacific LLC; Smurfit Kappa; International Paper; Forest Company; SCG PACKAGING; Oji Holdings Corporation; Tokushu Tokai Paper Co., Ltd.; Fujian Qingshan Paper Co., Ltd.; COPAMEX; Primo Tedesco S.A. among others.
Research Methodology: Global Sack Kraft Paper Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of sack kraft paper
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis