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.
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This report offers comprehensive
information and wide-ranging evaluation of the global paper sacks
market. The research report is based on the trustworthy sources such as
press release, whitepapers, news updates, and assumptions. The report
offers comprehensive profiles on these market players and assesses their
current standing in the paper sacks market. The report offers company
history, annual turnover, segmental share, SWOT analysis, growth
strategies, new product launches, mergers and acquisitions (M&A)
activities, and recent research and development (R&D) activities.
Global Paper Sacks Market: Drivers and Restraints
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.
Additionally, 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.
Global Paper Sacks Market – Regional Outlook:
Geographically, the global paper sacks market
is segmented into North America, Latin America, 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.
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