Industrial Paper Sacks Market to Witness a Healthy CAGR of 4.9% By 2028

Industrial Paper Sacks Market to Witness a Healthy CAGR of 4.9% By 2028

PR Newswire

VALLEY COTTAGE, New York, January 15, 2019

VALLEY COTTAGE, New York, January 15, 2019 /PRNewswire/ --

Future Market Insights (FMI) delivers key insights on the global industrial paper sacks market in its published report, titled "Global Industrial Paper Sacks Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028." Globally, the revenue generated from the sales of industrial paper sacks is estimated to be around US$ 5.3 Bn in 2018 and is projected to expand at a CAGR of 4.9%, during the forecast period 2018-2028. This can be attributed to numerous factors, about which Future Market Insights offers thorough insights and forecast in this report.

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Industrial paper sacks are made up of bleached or unbleached paper and are usually used for packaging powdered products such as cement, flour, animal feed, coffee, and more. These industrial paper sacks find applications in a variety of end-use industries such as building & construction, food, chemicals, agriculture & allied industries, and other industries. Industrial paper sacks can protect and carry products having weight up to 50 Kilograms and offer printing area on their surface for branding and promotion of the product. Industrial paper sacks are manufactured using multiple layers of paper and can be coated with layers of plastic films to provide a barrier against moisture and gas. This aids in enhancing the shelf life of the packaged products.

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Industrial Paper Sacks Market: FMI Key Findings 

Preview Analysis On Industrial Paper Sacks Market: Building & Construction Industry to Provide Remunerative Opportunities for Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028:

Emerging Economies Expected to Fuel Demand for Industrial Paper Sacks 

The Asia Pacific (excluding India) region has shown impressive growth in the production and consumption of industrial paper sacks, such that it towers over rest of the countries in Europe. The Chinese industrial paper sacks market currently accounts for more than 50% of the Asia Pacific (excluding India) industrial paper sacks consumption alone. North America's industrial paper sacks market, owing to the increase in demand from the building & construction industry is expected to continue the momentum of growth during the forecast period. The manufacturers of industrial paper sacks are expected to eye the Asia Pacific region for potential business expansion. Therefore, the outlook for the global industrial paper sacks market is expected to be positive during the forecast period.

Industrial Paper Sacks Market: Key Players 

The key players in the global industrial paper sacks market are Mondi Group plc, Smurfit Kappa Group Plc, Klabin SA, WestRock Company, BillerudKorsnäs AB, Gascogne SA, LC Packaging International BV, Simpac Ltd., Edna Group, Essentra Plc., Rosenflex UK Ltd, Novolex Holdings, Inc., Bischof & Klein GmbH & Co. KG, Industrial Development Company sal (Indevco), Segezha Group, Rengo Co., Ltd, Conitex Sonoco Inc., and Forum Packaging Ltd. among others. Many local and unorganized players are expected to contribute to the global industrial paper sacks market during the forecast period.

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