Market Overview

Global Sack Kraft Paper Market Outlook to 2023: A $39.5 Billion Opportunity -- Increased Demand of Eco-friendly Packaging Materials - ResearchAndMarkets.com

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The "Global
Sack Kraft Paper Market - Segmented by Packaging Type, Grade (Kraft,
Semi-Extensible, Extensible), End-user Vertical (Food and Beverages,
Agriculture, Chemical), and Region - Growth, Trends, and Forecast (2018
- 2023)"
report has been added to ResearchAndMarkets.com's
offering.

The global sack kraft paper market was valued at USD 31.17 billion in
2017, and is forecast to reach USD 39.5 billion by the end of 2023,
growing at a CAGR of 4.04% during the forecast period of 2018-2023.

Increasing demand of eco-friendly packaging material and rapid growth of
construction industry will drive the growth of sack paper craft market.
The customers across the world are also realizing the environmental
impact of waste materials and are moving towards the use of
biodegradable packaging paper.

Increased Demand of Eco-friendly Packaging Materials to Drive
the Market

Environmental concerns over safe disposal and recycling of packaging
materials have led to the introduction of new policies and regulations
mandating companies to recover their packaging materials. Initially,
consumer-packaging materials were targeted owing to the scale of
packaging wastes generated; however, government and packaging
organizations have started addressing the environmental effects
occurring by the use of other packaging material as well.

As a result of this, the companies are moving towards biodegradable
packaging material to provide quicker and complete natural degradation.
Most of the paper products made from pure paper pulp, without addition
of waterproof coating or inks, are completely biodegradable as compared
to conventional paper packaging products, which take much longer time to
degrade naturally.

Steady rise in demand for food & beverages and construction industry has
contributed to the drastic increase in use of sack craft paper.
Recycling remains one of the major trends observed in these industries.
The volume demand for recycled paper is expected to grow to 1.5 million
metric tons by the end of 2018, which is expected to support the overall
market growth.

Notable Developments in the Market

  • Mondi and Polish converter SILBO developed the first paper-based,
    biodegradable bag for food that runs on horizontal and vertical
    Form-Fill-Seal (FFS) machines.
  • BillerudKorsnas invested in cold chain packaging company Vericool.
  • KapStone acquired Associated Packaging Incorporated (API) to
    strengthen its footprint in the strategic Southeast market.

Companies Profiled

  • BillerudKorsnas AB
  • Mondi PLC
  • Segezha Group
  • Natron-Hayat d.o.o
  • Nordic Paper
  • Gascogne Group
  • KapStone Paper and Packaging
  • Horizon Pulp & Paper
  • International Paper
  • Canfor Corporation

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Market Insights

4. Market Dynamics

5. Global Sack Kraft Paper Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of the Sack Kraft Paper Market

For more information about this report visit https://www.researchandmarkets.com/research/qvhfv7/global_sack_kraft?w=4

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