Sack Kraft Paper Market

Sack Kraft Paper Market Segmented By Size, Share,
Trends, and Forecast to 2025
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.
Asia Pacific was the dominant region in the global sack kraft paper market in
2016, valued at US$ 3,314.74 million and is expected to continue its dominance
over the forecast period. The market in Asia Pacific is driven by growing
construction activities in India and China. According to India Brand Equity
Foundation (IBEF), a part of the Department of Commerce, Ministry of
Commerce and Industry, Government of India, the Indian construction industry
is expected to increase to a value of US$ 5 billion by 2020 and cement
production capacity is expected to reach 550 million tons by 2025. According to
Ministry of Commerce People’s Republic of China, in 2016, China introduced
an anti-dumping duty on imports of unbleached sack kraft paper from the U.S,
Europe, and Japan, which is expected to positively affect the market in the
region.
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The sack kraft paper market was valued at US$ 8,886.51 Million in 2016 and is expected to expand at a CAGR of 3.55%, in terms of revenue, over the forecast period (2017–2025).

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