According to a recent market study published by Growth Market Reports, titled, “Global Sack Kraft Paper Market - by Pulp Sources, by Packaging Types, by Grades, by Products, by End-Users, and by Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 31,342.26 Million in 2020 and is expected to grow at a moderate growth rate of 4.2% by the year 2027. The increasing demand for sack kraft paper due to the associated benefits is boosting its production across the globe. Moreover, increasing research activities for replacing raw material-softwood is expected to fuel the market growth during the forecast period.

The global sack kraft paper market is fragmented based on packaging types, pulp sources, grades, products, end-users, and regions. Based on the pulp source, the market is bifurcated into pure and recycled. In terms of packaging type, the market is segmented as valve sacks, open mouth sacks, and other packaging types. On the basis of grade, the market is classified as semi-extensible, standard, and fully-extensible. In terms of product the market is bifurcated as bleached (white) and natural (brown). On the basis of end-users the market is divided into food & beverage, cement & building materials, agrochemicals, animal feed & pet food, chemicals, and others. Based on regions the global sack kraft paper market has been fragmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.

Request a free sample copy: https://growthmarketreports.com/request-sample/1323

The sack kraft paper market is projected to witness a decline in year-on-year growth for 2020 as compared to for previous year 2019. Interruption in the supply chain of sack kraft paper across the globe due to the spread of COVID-19 has a moderate negative impact on the product sales. Thus, the import and export of sack kraft paper has witnessed a small decline in volume sales across the world in 2020. The partial closing of paper manufacturing industry in first and second quadrants of 2020 had a significant impact on the sales of the sack kraft paper. Moreover, inadequate raw material supply and lack of available workforce for production of sack kraft paper in the first and second quadrant of 2020 had hampered the market growth in 2020.

As per Growth Market Reports industry analyst Rajas Shirwalkar, “The global sack kraft paper market is anticipated to witness moderate growth during forecast period 2020-2027. The sack kraft paper market is registering growth opportunities across the globe, as it is eco-friendly owing to bio-degradable properties, thereby, avoiding the possibility of land pollution. The sack kraft paper reflects high mechanical strength making them eligible for carrying heavy goods. They can be used in storage and packaging of heavy substances such as rice and cement.

The Coronavirus disease 2019 (COVID-19) pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services.

Key Takeaways from the Study:

  • The players including WestRock Company, Mondi plc, BillerudKorsnas AB, Smurfit Kappa, and Stora Enso hold significant share of global sack kraft paper market in year 2019.
  • Asia Pacific is a promising region for the market. The market in this region is expected to grow in the coming years owing to the rising awareness of replacing plastic bags with sack kraft paper bags and sacks and emergence of domestic players.
  • In terms of value, the cement and building materials industry segment accounted for substantial share of the market in 2019 and is expected to expand at a substantial CAGR during the forecast period.
  • In terms of value, the natural (brown) segment held significant share of the market in 2019, as it is significantly used in packaging of readymade food articles such as wraps and rolls.

Report Scope:

Report Metric

Details

Market Value in 2019

US$ 32,602.79 Million

Market Growth Rate (from 2020 to 2027)

4.2%

Historical Data

2017, & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (US$ Million)

Market Segments

By pulp source, by packaging type, by grade, by product, by end-user and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies Profiled

BillerudKorsnas AB, Segezha Group, WestRock Company, Nordic Paper, Mondi plc, Natron-Hayat d.o.o., Gascogne Group, Canadian Kraft Paper Ltd., Stora Enso, Horizon Pulp & Paper Ltd., and Smurfit Kappa.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturers, raw material suppliers, and distributors
  • Demand Side: Packaging industries, food and beverage industry, construction material suppliers
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.