The Sack Kraft Paper Market Was Estimated To Be Worth US$ 8,886.51 Million In 2016 And Is Anticipated To Grow At A CAGR Of 3.55% Over The Projected Period (2017–2025)

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Sack Kraft Paper Market
Sack Kraft Paper Market

Sack kraft paper is a porous paper with great elasticity and strong tear resistance that is produced from paper or paperboard composed of wood pulp. For packaging and storing powdery commodities like cement, wheat, and animal feed, kraft paper is used. One aspect anticipated to propel market expansion is the rising demand for biodegradable packaging due to the use of environmentally friendly materials with qualities like porosity, durability, extensibility, and printability.

The analysis by Coherent Market Insights estimates that the global Sack Kraft Paper Market was worth US$ 3,927.0 million in 2016 and is projected to grow at a CAGR of 20.8% over the next years. Due to white paper's advantages over brown sack kraft paper in terms of enabling halftone printing and improving the appearance of printing, the white sack kraft paper category accounted for the greatest revenue share in 2016. Due to the rapid increase in construction and rising demand for building materials, the cement and building materials category held the greatest market share among end-use industries.

The paper quality used to make cement sacks is chosen based on a number of factors, including its ability to give high strength. The production of cement material for use in the building industry was 15,004 thousand tonnes in 2016, according to the Department for Business, Energy & Industrial Strategy.

With a market value of US$ 3,314.74 million in 2016, Asia Pacific dominated the world Sack Kraft Paper Market, and it is predicted that this dominance will last during the projection period.

Growing construction activity in China and India is what is driving the market in the Asia Pacific region. The Indian construction industry is anticipated to grow to a value of US$ 5 billion by 2020 and cement production capacity to reach 550 million tonnes by 2025, according to the India Brand Equity Foundation (IBEF), a division of the Department of Commerce, Ministry of Commerce and Industry, Government of India. The introduction of an anti-dumping levy on imports of unbleached Sack Kraft Paper Market from the United States, Europe, and Japan in 2016 by China, according to the Ministry of Commerce of the People's Republic of China, is anticipated to have a favourable impact on the market in the area.

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