Increasing concerns for the environment has resulted in the rise of demand for eco-friendly packaging solutions. The shift has led to augmented demand in coated sack kraft paper. Gradual growth in the construction industry had generated demand for infrastructure application of coated sack kraft paper.
Coated sack kraft paper is a greener alternative compared to the other packaging materials which provides protection against humidity, moisture, grease, dust & light or mechanical impacts on the product.
The coated sack kraft paper can be customized as per the requisite of the brand owner depending upon the application. The application of coated sack kraft paper varies from chemicals, dry mixtures, pet and animal food, cement & building material and agrochemicals which is likely to drive the demand for coated sack kraft paper. The factors which aid the growth of coated sack kraft paper are durability with strength equivalent to rigid packaging formats.
Sustainability and recyclability are foreseen to be the primary trends in the packaging industry. Regulatory norms on plastic by the government of many countries has elevated the growth for the coated sack kraft paper market.
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Coated Sack Kraft Paper Market: Key Players
The key players in the coated sack kraft paper market are:
- WestRock Co
- Nordic Paper AS
- Segezha Group
- Mondi plc
- Canadian Kraft Paper Ltd
- Georgia-Pacific LLC
- Smurfit Kappa Group PLC
- International Paper Co
- Gascogne Group
- Canfor Corporation
- Tokushu Tokai Paper Co Ltd
Coated Sack Kraft Paper Market: Dynamics
Demand for bio-degradable packaging formats with its application in the infrastructure industry along with its benefits of being durable and having strength drives the demand for the sack kraft paper market. In addition, consumer awareness regarding the environmental hazards has flourished the inclination of biodegradable packaging formats in the packaging market.
Furthermore, benefits such as resistance to water, chemicals and temperature are anticipated to enhance the demand of coated sack kraft paper packaging solutions. The format is poised to reduce wastages which will lead to increased profit margins for the manufacturers.
Also, the packaging format is lightweight and can be moulded into various shapes. The adoption of biodegradable alternatives and benefits are predicted to provide potential growth of the coated sack kraft paper market in the forecasted period of 2019-2029.
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Coated Sack Kraft Paper Market: Regional Outlook
The Asia Pacific market is expected to dominate the market for coated sack kraft paper market due to the development of infrastructure owing to the splurge of construction material such as cement & chemicals in the countries such as India and China. Also, the Europe market is expected significant growth in terms of revenue in the forecasted years owing to the regulations by the regulatory bodies against single-use plastics for packaging.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Coated Sack Kraft Paper Market: Segmentation
The coated sack kraft paper market is segmented by end-user, packaging, grade, laminate, material and region.
By Grade, the coated sack kraft paper market has been segmented as
- Unbleached
- Bleached
- Virgin
- Recycled
By application, the coated sack kraft paper market has been segmented as
- Industrial Paper Sacks
- Retail Paper Bags
- Coating
- Lamination
- Wrapping
- Others (Envelopes, Mailers, etc.)
By end-user, the coated sack kraft paper market has been segmented as
- Building & Construction
- Pharmaceuticals
- Food & Beverages
- Chemicals & Agrochemicals
- Others (Animal Feed & Pet Food)
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