Zion Market Research, The Market Research Group Announced The Analysis Report Titled "Sack Kraft Paper Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024".
Sarasota, FL -- (SBWIRE) -- 06/25/2018 -- Global Sack Kraft Paper Market: Overview
Sack craft papers are majorly used for packaging products and are also utilized in different industries, such as food, cement, chemical, agriculture, and many more. Sack craft is generally made up of kraft paper, which is manufactured from paperboard or paper made of wood pulp.
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Global Sack Kraft Paper Market: Growth Factors
The increasing implementation of sustainable packaging along with eco-friendly and biodegradable materials is likely to trigger a huge demand and requirement for the global sack kraft paper currently. The demand and requirement for this kind of paper is anticipated to grow in the coming future as this material is likely to show strength equal to plastic or synthetic materials. Some of the aspects that are projected to propel the demand and requirements for the sack kraft paper are extensibility, porosity, durability, and printability. In addition, this paper is also recognized to present outstanding high tensile energy absorption (TEA) and therefore is being utilized for industrial purposes. The increasing concerns amongst environmentalists and governments about the risk of using plastic are likely to force them to focus more on greener substitutes. The demand and popularity for sack kraft paper are also likely to be propelled by the ban on the production and distribution of plastics in many regions.
Global Sack Kraft Paper Market: Segmentation
In terms of product, the global sack kraft paper market is mainly bifurcated into natural kraft paper and bleached kraft paper. In terms of end users/applications, the global sack kraft paper market can be fragmented into consumer goods, food industry, building & construction, and other industries.
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Global Sack Kraft Paper Market: Regional Analysis
In terms of region, the sack kraft paper market can be classified into Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa. The global sack kraft paper market is likely to be dominated and led by Asia Pacific and the Middle East and Africa region. Jointly, the global sack kraft paper market in these provinces is anticipated to register a significant growth rate in the coming future based on revenue. The increase in construction sectors and the rising demand for cement as well as other materials for construction purposes is projected to lend a serious drive to the development of the global sack kraft paper market.
Furthermore, the relentless requirement and demand for animal feed and pet food products are also likely to play a vital role in the increasing demand and popularity for the sack kraft paper market in these provinces. At present, China is expected to hold a major share in the Asia Pacific market and is projected to propose profitable opportunities and prospects to the global sack kraft paper market. In addition, Europe and North America will likely witness sluggish demand and requirement in the coming years as the market is projected to reach a saturation point.
Global Sack Kraft Paper Market: Competitive Players
Some of the most important market players in the global sack kraft paper market are Nordic Paper Holding AB, Canfor Corporation, Segezha Group, KapStone Paper and Packaging Corporation, BillerudKorsnas AB, Gascogne SA, Horizon Pulp & Paper Ltd., The Mondi Group Plc, and Tolko Industries Ltd., among others.
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Global Sack Kraft Paper Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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