Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.55 Billion | USD 16.52 Billion | 4.06% | 2023 |
The global sack kraft paper market size was worth around USD 11.55 billion in 2023 and is predicted to grow to around USD 16.52 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.06% between 2024 and 2032.
This report offers a comprehensive analysis of market trends, drivers, and restraints of the sack kraft paper market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Sack kraft paper is a porous paper that is largely used for packaging. This paper is made from chemical pulp via the kraft process. This paper has high elasticity levels apart from being highly tear-resistant. Thus, the presence of these properties along with the increasing usage of biodegradable material makes sack kraft paper an essential item for various end-user industries.
Substantial developments are taking place in the construction sector across the globe, which is a key factor that is likely to drive the sack kraft paper market in the estimated time period. In the cement industry, various builders are opting for kraft paper for packaging large quantities of cement with paper sacks, which are made via kraft process. This is another key factor likely to boost the sack kraft paper market in the future. Sack kraft paper product has certain beneficial features, such as porosity, printability, and durability, which have resulted in its extensive use in food and chemical industries lately.
However, the rise in deforestation might restrain the expansion of the sack kraft paper market on a global scale. On the other hand, the shifting focus toward the use of greener alternatives is anticipated to offer new growth opportunities to the key players of the sack kraft paper market across the world.
The sack kraft paper market by segmenting the market based on grade, packaging type, and end-user.
By grade, the market is segmented into white and brown.
The packaging type segmented includes open mouth sack and valve sack.
The end-user segment includes cement and building materials, chemicals, agrochemicals, animal feed, and pet food, food, and others. The cement industry is set to dominate the sack kraft paper market globally in the future. This can be attributed to the increased cement usage in construction activities, thereby accelerating the expansion of sack kraft paper market size in the years ahead.
Report Attributes | Report Details |
---|---|
Report Name | Sack Kraft Paper Market |
Market Size in 2023 | USD 11.55 Billion |
Market Forecast in 2032 | USD 16.52 Billion |
Growth Rate | CAGR of 4.06% |
Number of Pages | 110 |
Key Companies Covered | KapStone Paper and Packaging Corporation, Nordic Paper, Billerud Korsnas AB, Canfor Corporation, Segezha Group, Gascogne Group, Natron-Hayat d.o.o, Mondi Group, Tolko Industries Ltd., and Horizon Pulp & Paper Ltd |
Segments Covered | By grade, By packaging type, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.
The sack kraft paper market is led by players like:
Sack Kraft Paper Market: Grade Analysis
Sack Kraft Paper Market: Packaging Type Analysis
Sack Kraft Paper Market: End-User Analysis
Sack Kraft Paper Market: Regional Analysis
FrequentlyAsked Questions
Sack kraft paper is a durable and robust paper that is produced through the kraft process from wood fiber. It is specifically engineered for the packaging of weighty and bulk materials, including Cement, Chemicals, Food Products, and Animal Feed.
The demand for biodegradable and recyclable packaging solutions, such as sack kraft paper, is on the rise as sustainability becomes a priority. Consumer preferences for environmentally favorable products and regulatory pressures are both contributing factors to this trend.
The global sack kraft paper market size was worth around USD 11.55 billion in 2023 and is predicted to grow to around USD 16.52 billion by 2032.
The global sack kraft paper market a compound annual growth rate (CAGR) of roughly 4.06% between 2024 and 2032.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.
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