Industry Background:
Growing Demand due to use in food packaging industry will help to boost global sack paper market. Sack paper is used for make paper sacks. Sack paper are made with several layers of heavy-duty kraft paper to provide strength. Plastic films are often coated on industrial paper sacks to make them moisture resistant. Paper sacks are shipping bags usually made of kraft virgin fiber and are used for transporting dry powdered or granular materials such as flour, cement, and animal feed among others. The paper sacks are available with a sewed open mouth, valve, pinched bottom mouth, and open mouth sack. Reinforcements are added to industrial paper sacks for better strength.This growth is primarily driven by Growing Demand for Eco-Friendly and Bio-Degradable Packaging Material
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Paper Packaging sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BillerudKorsnas AB (Sweden), Mondi PLC (Austria), Segezha Group (Sistema) (Russia), Natron-Hayat d.o.o (Balkans), Horizon Pulp & Paper Ltd. (Estonia), International Paper Company (United States), Canfor Corporation (Canada), Smurfit Kappa Group Plc. (Ireland), Klabin SA (Brazil) and WestRock Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8th March 2019 WestRock Company provider of differentiated paper and packaging solutions expanded its portfolio of automated packaging system offerings with the acquisition of Linkx Packaging Systems.
June 2018 Mondi was recognized for its innovation in e-commerce packing. The companies MailerBAG which is made of sack kraft paper services as an alternative to non-recyclable plastic mailer bags. MailerBAG won the Eurosac Grand Prix at the 2018Euro science Congress in Malta.
Influencing Trend:
Government Support towards Sack Paper Packaging and Increase in Popularity of Quick-Service Restaurants
Market Growth Drivers:
Growing Demand for Eco-Friendly and Bio-Degradable Packaging Material and Growing Inclination towards Sustainable Packaging
Restraints:
Threats Alternatives Such As Plastic Materials and Flexible Intermediate Bulk Containers and Bulk Bags
Opportunities:
Huge Demand Due To Increasing Transportation of Food Products and High Adoption Due To Construction Industry in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Sack Paper Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Sack Paper Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Sack Paper players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sack Paper Study Sheds Light on
The Sack Paper Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sack Paper industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sack Paper industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.