Published by Coherent Market Insights
Posted on September 28, 2021
A sack kraft paper manufactured from paper or paperboard made of wood pulp is a porous paper with strong tear resistance and high elasticity. Kraft paper is designed for packing products packaging and storing powder materials such as cement, flour, and animal feed. The increasing demand for bio-degradable packaging, owing to use of environment-friendly material with properties such as porosity, durability, extensibility, and printability is a factor expected to drive growth of the market. According to Coherent Market Insights’ study, the global biodegradable packaging market was valued at US$ 3,927.0 million in 2016 and is expected to expand at a CAGR of 20.8% in terms of revenue. However, the lack of raw material and its high cost are some of the factors hindering growth of the sack kraft paper market.
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White sack kraft paper segment accounted for to the largest revenue share in 2016, owing to properties of white paper to enable halftone printing and enhance the printing appearance compared to brown sack kraft paper. Among end-use industries, cement and building materials segment accounted for the largest market share, owing to rapid growth in construction and increasing demand for building materials. Various properties are considered while choosing the paper grade for construction of cement sacks, as it must be able to provide high strength. According to Department for Business, Energy & Industrial Strategy, the production of cement material was 15,004 thousand tons in 2016 for use in the construction industry.
Major Players in the Global Sack Kraft Paper Market:
Manufacturers are focusing on various strategies such as developing innovating packaging solutions to expand their product portfolio and enhance their position in the global market. For instance, in 2016, Mondi plc manufactured iFoodbag from a paper-based composite material, which has ability to maintain the temperature of frozen goods for at least 24 hours
Some of the key players in global sack kraft paper are 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.
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.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/1041
Market Dynamics
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sack Kraft Papermarket In-Depth Analysis & Marginal Revenue Growth appeared first on Gatorledger.
A sack kraft paper manufactured from paper or paperboard made of wood pulp is a porous paper with strong tear resistance and high elasticity. Kraft paper is designed for packing products packaging and storing powder materials such as cement, flour, and animal feed. The increasing demand for bio-degradable packaging, owing to use of environment-friendly material with properties such as porosity, durability, extensibility, and printability is a factor expected to drive growth of the market. According to Coherent Market Insights’ study, the global biodegradable packaging market was valued at US$ 3,927.0 million in 2016 and is expected to expand at a CAGR of 20.8% in terms of revenue. However, the lack of raw material and its high cost are some of the factors hindering growth of the sack kraft paper market.
To Remain ‘Ahead Of Your Competitors, Request For A Sample: https://www.coherentmarketinsights.com/insight/request-sample/1041
White sack kraft paper segment accounted for to the largest revenue share in 2016, owing to properties of white paper to enable halftone printing and enhance the printing appearance compared to brown sack kraft paper. Among end-use industries, cement and building materials segment accounted for the largest market share, owing to rapid growth in construction and increasing demand for building materials. Various properties are considered while choosing the paper grade for construction of cement sacks, as it must be able to provide high strength. According to Department for Business, Energy & Industrial Strategy, the production of cement material was 15,004 thousand tons in 2016 for use in the construction industry.
Major Players in the Global Sack Kraft Paper Market:
Manufacturers are focusing on various strategies such as developing innovating packaging solutions to expand their product portfolio and enhance their position in the global market. For instance, in 2016, Mondi plc manufactured iFoodbag from a paper-based composite material, which has ability to maintain the temperature of frozen goods for at least 24 hours
Some of the key players in global sack kraft paper are 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.
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.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/1041
Market Dynamics
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sack Kraft Papermarket In-Depth Analysis & Marginal Revenue Growth appeared first on Gatorledger.
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