Market Research Report
Global Sack Paper Market (by Grade & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
|Global Sack Paper Market (by Grade & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)|
Published: September 13, 2021
Content info: 97 Pages
Delivery time: 1-2 business days
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.
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