The Market Insights Reports has added a new statistical data to its repository titled as, Global Sack Kraft Paper Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
The sack kraft paper market was valued at USD 33.71 billion in 2020 and is forecasted to reach USD 41.3 billion by the end of 2026, at a CAGR of 4.04%, during the forecast period of 2021-2026.
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Top Key Players in the Global Sack Kraft Paper Market are BillerudKorsnas AB, Mondi PLC, Segezha Group, Natron-Hayat d.o.o, Nordic Paper AS, Gascogne Group, KapStone Paper and Packaging Corporation (Westrock), Horizon Pulp & Paper Ltd., International Paper Company, Canfor Corporation, and others.
Industry News and Update:
– March 2019 – WestRock Company provider of differentiated paper and packaging solutions expanded its portfolio of automated packaging system offerings with the acquisition of Linkx Packaging Systems.
– June 2018 – Mondi was recognized for its innovation in e-commerce packing. The companies MailerBAG which is made of sack kraft paper services as an alternative to non-recyclable plastic mailer bags. MailerBAG won the Eurosac Grand Prix at the 2018Euro science Congress in Malta.
Key Market Trends:
Food is Estimated to Have Significant Share in the Market
– Sack kraft paper is mainly used to transport food products, such as flour, sugar, starch, food additives, processed or dried fruit, eggs, or milk, etc. Mostly used in the form of open mouth or valve sacks, the sack kraft for food packaging contains two to three layers of paper and is often combined with a polyethylene (PE) free film tube inliner and/or coated paper.
– The consumer’s preference along with the green regulations from the FDA across the regions also promotes sack kraft packaging in the food industry. The European paper sack and sack kraft paper industry have contributed many developments that make paper sacks the perfect packaging for food. According to Paper Shipping Sack Manufacturers Association (PSSMA), paper shipping sack and consumer bag used in the food industry have emerged into billion dollar industry with shipments of over three billion sacks annually.
– The PSSMA estimates that over 27 million sacks produced in 2018 by its member companies were printed with the special recycling emblem, which was developed to encourage the end-user recovery of qualified paper shipping sacks with corrugated.
– Additionally, according to the study conducted by EcoFocus, a green and sustainability consumer company in 2018, more shoppers are choosing stores based on their offerings of healthy and environmentally friendly selections. According to the survey, 67% of the responding grocery shoppers agreed that retailers choose products based on environment friendly packaging.
– Increase in popularity of quick-service restaurants among urban youth along with government regulations imposed for plastic bans is also increasing the production of sack packing paper and thereby their usage in food and beverage industry.
Full Browse the report description and TOC:
Highlights of TOC:
Market Overview: It starts with product overview and scope of the Global Sack Kraft Paper market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Sack Kraft Paper market size analysis for the review period 2015-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Sack Kraft Paper market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Sack Kraft Paper market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Sack Kraft Paper report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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