Global Sack Paper Market (by Grade & Region): Insights & Forecast Impact of COVID-19 (2021-2025)

The major regional markets (Asia-Pacific, Europe, North America, Middle East & Africa and South America) have been analyzed in detail.
By: Koncept Analytics
 
DELHI, India - Sept. 9, 2021 - PRLog -- The global sack paper market is expected to record a value of US$38.32 billion in 2025, rising at a CAGR of 4.39%, for the time period of 2021-2025. Factors such as expansion of 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.

The sack paper is classified into the brown (natural) paper and white (bleached) paper according to the product grade. Brown sack paper has been dominating the global market over the 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.

For more Information:

https://www.konceptanalytics.com/report/transportation-logistics/global-sack-paper-market-by-grade-region-insights-forecast-with-potential-impact-of-covid-19-2021-2025

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