Market Expected to Record a Value of US$38.32 Billion in 2025, Rising at a CAGR of 4.4% From 2021-2025
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The global sack paper market is expected to record a value of US$38.32 billion in 2025, rising at a CAGR of 4.4% over the period spanning 2021-2025.
Factors such as the expansion of the biodegradable packaging industry, growth in grocery retail sales, upsurge in courier services, accelerating demand for agricultural fertilizer, rapid urbanization and growing public awareness about the hazards of single-use plastic bags would drive the growth of the market.
However, the market growth would be challenged by rising focus on bioplastics and stringent regulations regarding deforestation. A few notable trends may include escalating penetration of ecommerce, rising demand for market pulp and growing use of multiwall bags in various end industries.
Sack paper is classified into brown (natural) paper and white (bleached) paper according to the product grade. Brown sack paper has been dominating the global market over recent years, due to its vast applications across construction industry, food industry and chemical industry, primarily for its high tensile property. Further, white sack paper is also holding a significant share in the global market due to its high stiffness, high porosity and excellent printability features.
The fastest growing regional market was Asia Pacific, owing to the rising replacement rate of plastic bags with biodegradable options. Growth in government initiatives for eco-friendly packaging of products is also expected to propel the market in the region.
Further, the outbreak of the COVID-19 pandemic has caused adverse disruption across various industries, impacting the production and consumption of sack paper, which eventually led to its market decline in 2020.
Scope of the report
- The report provides a comprehensive analysis of the global sack paper market.
- The major regional markets (Asia-Pacific, Europe, North America, Middle East & Africa and South America) have been analyzed in detail.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (WestRock, Mondi, Canfor Corporation, BillerudKorsnäs, GK Segezha PAO, Nordic Paper) are also presented in detail.
Key Target Audience
- Sack Paper Manufacturer
- Paper & Pulp Producers
- Supply Chain Partners
- End Users (Retail, Ecommerce, Construction, Agriculture, Chemicals and Others)
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
What is the estimated value of the Global Sack Paper Market?
What is the growth rate of the Global Sack Paper Market?
What is the forecasted size of the Global Sack Paper Market?
Who are the key companies in the Global Sack Paper Market?
Report Attribute | Details |
---|---|
No. of Pages | 97 |
Published | September 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 32.27 Billion |
Forecasted Market Value ( USD | $ 38.32 Billion |
Compound Annual Growth Rate | 4.4% |
Regions Covered | Global |
No. of Companies Mentioned | 6 |
Table of Contents
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Companies Mentioned
- BillerudKorsnäs
- Canfor Corporation
- GK Segezha PAO
- Mondi
- Nordic Paper
- WestRock