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 2026Market Analysis: Global Sack Kraft Paper MarketGlobal 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 MarketSack 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.Get More Insights About the Global Sack Kraft Paper Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-sack-kraft-paper-marketMarket Drivers:Increasing concerns for the environment resulting in greater demand for eco-friendly packaging solutionsSignificant growth undergoing in the building & construction sector is also expected to boost the adoption rate of the marketPresence of stringent regulations and banning of plastics use in various developed countries is also expected to boost the adoption rateMarket Restraints:Requirement of large scale deforestation for the manufacturing of the product are factors restricting the growth of the marketAvailability of alternative packaging solutions such as flexible IBCs, bulk bags, plastic materials is also expected to restrain the growth of the marketSegmentation: Global Sack Kraft Paper MarketBy Color GradeWhiteBrownBy GradeKraftSemi-ExtensibleExtensibleOthersBy ProductNaturalBleachedBy Packaging TypeOpen Mouth SackValve SackOthersBy End-UserCement & Building MaterialsChemicalsAgrochemicalsAnimal Feed & Pet FoodFoodOthersBy GeographyNorth AmericaU.S.CanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyUnited KingdomItalyFranceSpainRussiaTurkeyBelgiumNetherlandsSwitzerlandRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeThailandMalaysiaIndonesiaPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-sack-kraft-paper-marketKey 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 operationalCompetitive Analysis: Global Sack Kraft Paper MarketGlobal 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.
