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Global market for sack kraft paper and kraft paper still growing, but at a slower pace

22 Oct 2018 − 

British market research company Smithers Pira believes that the worldwide market for sack kraft paper and kraft paper will grow to around 21 million tonnes by 2023.

Demand for bleached grades will grow quicker than for brown grades. Growth will be driven primarily by undersupply, capacity expansion, substitution by other packaging materials and the trend towards premiumisation. 

A total of 14.4 million t of sack kraft paper and kraft paper were produced last year all over the world. The tonnage is equivalent to $16.1bn and is expected to increase slightly to $16.5bn in 2018.

British market research company Smithers Pira forecasts in its recent study “The Future of Sack and Kraft Paper to 2023” that output will touch 20.7 million t by 2023, growing by 2.9% on an average in the next five years. This would represent slower growth than in the last five years when average annual growth amounted to around 4%.

This is an excerpt from a more comprehensive article which will be published in EUWID Packaging Markets 22/2018.
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