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SACK KRAFT PAPER MARKET ANALYSIS

Sack Kraft Paper Market, by Grade (White and Brown), by Packaging Type (Open Mouth Sack, and Valve Sack), by End-use Industries (Cement and Building Materials, Chemicals, Agrochemicals, Animal feed & Pet Food, Food, and Others), and by Geography - Global Trends, and Forecast to 2025

Regional Analysis

Asia Pacific was the dominant region in the global sack kraft paper market in 2016, valued at US$ 3,314.74 million and is expected to continue its dominance over the forecast period. The market in Asia Pacific is driven by growing construction activities in India and China. According to India Brand Equity Foundation (IBEF), a part of the Department of Commerce, Ministry of Commerce and Industry, Government of India, the Indian construction industry is expected to increase to a value of US$ 5 billion by 2020 and cement production capacity is expected to reach 550 million tons by 2025. According to Ministry of Commerce People’s Republic of China, in 2016, China introduced an anti-dumping duty on imports of unbleached sack kraft paper from the U.S, Europe, and Japan, which is expected to positively affect the market in the region.

Europe is the second largest region in global sack kraft paper market, owing to increasing demand from the food industry. Governments of various countries in the region have imposed regulations to ensure hygiene and food safety of consumable products. According to European Commission, Regulation (EC) 852/2004 on hygiene foodstuff was imposed to ensure safety of food products, is one of such regulations. This has impelled manufacturers to update on materials, technology, and others required for packing of such products. Therefore, different sealing, barrier, and coatings have been developed to protect the contents from moisture, odor of mineral oil, and others to ensure a tight closure of the sack. For instance, Mondi, one of the leading player in sack kraft paper market introduced paper sack with an inner polypropylene bag for dry dairy packaging products, which can be easily separated from the outer paper plies for enhanced product protection.

Asia Pacific accounted for a revenue share of 37.30% in 2016, in global sack kraft paper market. Increasing construction activities along with growing per capita GDP in China is expected to drive growth of global sack kraft paper market growth. According to National Bureau of Statistics of China, GDP from construction in China increased to US$ 5.617 billion during July-September in 2017 from US$ 3365.34 billion during April to June. This steady increase in GDP is expected to increase construction activities, in turn, boosting growth of the sack kraft paper market.

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