The Worldwide Sack Paper Industry is Expected to Reach $41.76 Billion by 2027
DUBLIN, Oct. 6, 2022 /PRNewswire/ -- The "Global Sack Paper Market: Analysis By Grade (Brown Sack Paper and White Sack Paper), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027" report has been added to ResearchAndMarkets.com's offering.
The global sack paper market in 2021 was valued at US$32.27 billion. The market value is expected to reach US$41.76 billion by 2027. Sack paper is a packaging type that can be constructed of one or several layers of high quality kraft paper, usually produced from virgin fiber.
It is a special grade built to suit a very specific demand for the industry. Sack paper is made from renewable resources such as paper and paperboard that provide distinct environmental sustainability credentials. Thus, it is environmental-friendly, sturdy and keeps the product in a well condition.
The market is expected to grow at a CAGR of 4.39% during the forecast period of 2022-2027. Due to incline in global biodegradable packaging market, growth in grocery retail sales and rapid urbanization, the market would propel in the forthcoming years. The global sack paper market demand reached 4.19 million tons in 2021.
Market Dynamics:
- Growth Drivers: One of the most important factors impacting the global sack paper market is growing demand for biodegradable packaging. Kraft paper is one of the emerging segments of the biodegradable packaging industry, because it is highly durable and strongest that can be used on occasions where maximum strength is required. Therefore, growth in the biodegradable packaging industry is likely to propel the growth of the global sack paper market in coming years. Furthermore, the market has been growing over the past few years, due to factors such as rapid urbanization, surging courier services, accelerating grocery retail sales, accelerating demand for agricultural fertilizers, growing public awareness about the hazards of single-use plastic bags, and many other factors.
- Challenges: However, the market has been confronted with some challenges specifically, rising focus on bio-plastics, stringent government regulations regarding deforestation, etc.
- Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as escalating penetration of e-commerce, rising demand for market pulp, etc. Paper is the most commonly used material for e-commerce packaging. An array of paper-based packaging options, that serve an aesthetic purpose also, offer protective advantages, adding operational efficiency to the fulfilment process. As ecommerce continues to penetrate rapidly in the retail sector, the demand for various paper based packaging would increase, which is likely to contribute to the growth of the global sack paper market.
Impact Analysis of COVID-19 and Way Forward:
The outbreak of the COVID-19 pandemic caused disruption in various sectors, using sack paper for packaging. The lockdown restrictions across most of the countries have forced several non-essential and sack paper using businesses to shutdown temporarily for a particular period of time, which negatively impacted sack paper demand on a global scale.
Further, closure of supermarkets and retail stores, along with the shutdown of fast food restaurants, have also negatively impacted the demand for sack paper, due to the weakening of their respective product sales, which resulted in the decline in the sack paper market globally in the year 2020.
Some of the strategies among key players in the market for Sack paper market are mergers, acquisitions, and collaborations. For instance, in 2022, Mondi plc announced that the company has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of US$40 million. Whereas, Nordic Paper announced cooperation with Centre Technique Du Papier. Nordic Paper's natural greaseproof papers is used in different food applications, for example as baking papers, for baking cups or for food containers.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
3.1.1 Global Sack Paper Market: An Overview
3.1.2 Global Sack Paper Market by Value
3.1.3 Global Sack Paper Market by Grade (Brown Sack Paper and White Sack Paper)
3.1.4 Global Sack Paper Market by Region (Asia Pacific, North America, Europe, Middle East & Africa and Latin America)
3.2 Global Sack Paper Market: Grade Analysis
3.2.1 Global Sack Paper Market by Grade: An Overview
3.2.2 Global Brown Sack Paper Market by Value
3.2.3 Global White Sack Paper Market by Value
3.3 Global Sack Paper Market By Demand: An Analysis
3.3.1 Global Sack Paper Market By Demand: An Overview
3.3.2 Global Sack Paper Market by Demand
3.3.3 Global Sack Paper Market Demand by Region (Asia Pacific, North America, Europe, Middle East & Africa and Latin America)
4. Regional Market Analysis
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Sack Paper Market
5.1.2 Impact of COVID-19 on Retail Industry
5.1.3 Impact of COVID-19 on Construction Output
5.1.4 Impact of COVID-19 on Quick Service Restaurants (QSR) Industry
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Global Biodegradable Packaging Market
6.1.2 Growth in Grocery Retail Sales
6.1.3 Upsurge in Courier Services
6.1.4 Accelerating Demand for Agricultural Fertilizer
6.1.5 Rapid Urbanization
6.1.6 Growing Public Awareness About the Hazards of Single-use Plastic Bags
6.2 Challenges
6.2.1 Rising Focus on Bio-plastics
6.2.2 Stringent Regulations Regarding Deforestation
6.3 Market Trends
6.3.1 Escalating Penetration of E-commerce
6.3.2 Rising Demand for Market Pulp
6.3.3 Growing Use of Multiwall Bags in Various End Industries
7. Competitive Landscape
8. Company Profiles
8.1 WestRock Company
8.1.1 Business Overview
8.1.2 Operating Segment
8.1.3 Business Strategy
8.2 Mondi plc
8.2.1 Business Overview
8.2.2 Operating Segment
8.2.3 Business Strategy
8.3 Canfor Corporation
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 BillerudKorsnas
8.4.1 Business Overview
8.4.2 Operating Segment
8.4.3 Business Strategy
8.5 GK Segezha PAO
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Nordic Paper
8.6.1 Business Overview
8.6.2 Operating Segment
8.6.3 Business Strategy
8.7 Gascogne
8.7.1 Business Overview
8.7.2 Operating Segment
8.7.2 Business Strategy
8.8 Kastamonu Entegre (Natron-Hayat d.o.o. Maglaj)
8.8.1 Business Overview
8.9 Canadian Kraft Paper Industries Ltd.
8.9.1 Business Overview
8.10 Smurfit Kappa Group plc
8.10.1 Business Overview
8.10.2 Operating Segment
8.10.3 Business Strategy
8.11 International Paper Company
8.11.1 Business Overview
8.11.2 Operating Segment
8.11.3 Business Strategy
8.12 Georgia-Pacific LLC
8.12.1 Business Strategy
8.12.2 Business Strategy
8.13 Fujian Qingshan Paper
8.13.1 Business Overview
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