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Sack and kraft paper market to grow to $80 billion

Growth in consumer markets is driving the sack and kraft paper market to $80 billion by 2021.

Steady growth in consumer markets will buoy the sack and kraft paper industry to produce growth of around 3% annually between 2016 to 2021, according to the latest report from Smithers Pira. This growth will push global market value to $80 billion in 2021, up from $66 billion in 2016.

Smithers Pira’s new report, “The Future of Sack and Kraft Paper to 2021,” identifies how expansion is being driven by numerous factors. The demand for higher-quality graphics is pressuring papermakers to develop innovative solutions to provide suitable and appropriate printing surfaces. This includes the evolution of digital printing technology for the sack and kraft segment, which is creating opportunities for converters and challenges for papermakers.

Report author Stephen Harrod notes that environmental concerns are also helping transform this industry. “Adoption of sustainability practices has been fairly widespread throughout much of the kraft and sack paper industry, and many suppliers now sport a plethora of environmental certificates in various forms,” he says.

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