Paper Sacks Market is driven Due to Infrastructural Development and Increasing Urbanization in Developing Economies
Paper and paper based packaging have become vital constituents of modern life. Moreover, communication, food & consumer products are some of the things that have witnessed improvement over the last few years and are more easily available as a result of paper and paper based packaging. Paper based packaging is constantly advancing in terms of growth rate in the overall packaging industry and has constantly gained attention, owing to its versatile, tear-resistance and cost effective method to transport, preserve and protect a wide array of goods. As a raw material source, paper is a low cost readily available raw material which accounts for more than 50% of the revenue generation in the packaging industry and is used in the form primary packaging, often with the assistance of paper sacks. The use of paper sacks in primary packaging is gaining traction, particularly in industrial applications in the form of containers where it is used to transport dry chemicals, animal feed and cement among many others.
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Paper sacks is one of the flexible packaging solution that provides all the features related to high performance during packing and transportation. These paper sacks are made up kraft paper that ranges from 1ply to 4ply. The innermost part of the paper sack is laminated with aluminum foil, plastic, etc. which act as barrier towards oxygen, moisture and leakage. Most of the paper sacks are sturdy, yet light weight and individually tailored according to the size, filling, handling and transportation to meet the product or customer specific needs. Occasionally these paper sacks are mounted with special handles at the bottom for easy carriage. Apart from its primary usage of protecting and transporting, these paper sacks are also use as tool for brand promotion due to its impressive colors & multi-graphic printing.
Global Paper Sacks Market- Market Segmentation:
Global paper sacks market is segmented on the basis of product type, paper type, packaging type and end use type. On the basis of product type, global paper sacks market is segmented into open mouth sacks, valve sacks and tuck-in-sleeve sacks. Open mouth sacks can be further sub-segmented into block bottom, sewn bottom, flat pasted bottom, gusseted sewn bottom and gusseted pasted bottom. Valve sacks can be further sub-segmented into block bottom and gusseted sewn bottom. On the basis of paper type, the global paper sacks market is segmented into unbleached paper, bleached paper and coated paper. On the basis of packaging type, global paper sacks market can be segmented into manually packing process and automated packing process. On the basis of end use industry, global paper sacks market can be segmented into construction industry, chemical industry, agriculture industry (animal feed, fertilizer, seeds, etc.) and food industry.
Global Paper Sacks Market – Market Dynamics:
Infrastructural development and increasing urbanization in the developing economies is one of the growing factor for the global paper sacks market. Another significant factor that is driving the growth of the global paper sacks market is the dust-free and moisture protection features of the paper sacks. In addition to this, low damage rate of paper sacks which is not exceeding 2% is expected to positively impact the sales of paper sacks, driving its demand over the forecast period. One of the major reason for the growth of global paper sacks market is the increasing awareness about environmental sustainability as paper sacks can be recycled and re-used. Adding to this, the stringent government regulation on plastic sacks usage is another factor that drives the growth of global paper sacks market. However, the restraining factor in the growth of global paper sacks market is the high price of paper sacks as compared to plastic sacks. Moreover, increasing investments by manufacturers of plastic sacks to innovate their product with prime focus on consumer convenience, is expected to hinder the growth of the global paper sacks market throughout the forecast period.
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Global Paper Sacks Market – Regional Outlook:
Geographically, the global paper sacks market is segmented into North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), MEA (Middle East & Africa) and Japan. The global paper sacks market is expected to witness a stable CAGR over the forecast period. The demand for the paper sacks is expected to witness an above average growth in North America due to higher adoption of paper sacks in commercial and industrial use. Apart from this, rampant growth of retail and industrial sector in Asia-Pacific is expected to further boost the sales of paper sacks by the end of forecast period.
Global Paper Sacks Market – Major Players:
Some of the major players identified across the globe in the paper sacks market are Simpac Ltd, Papiersackfabrik Tenax GmbH & Co, S.G.Baker Ltd, H Polesy & Co Pty Ltd, Edna Group, Orora Packaging Australia Pty Ltd, Rugby Paper Sacks Ltd, Mondi plc. East Riding Sacks Ltd and Napco National Paper Products Co.
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