Sack kraft paper market was valued at US$ 8.9 billion in 2016 and is projected to reach US$ 12.5 billion by 2025, exhibiting a CAGR of 3.55% over the forecast period, according to Sack Kraft Paper Market, by Grade (White and Brown), by Packaging Type (Open Mouth Sack, and Valve Sack), by End-use Industries (Cement and Building Materials, Chemicals, Agrochemicals, Animal feed & Pet Food, Food, and Others) published by Coherent Market Insights. Increasing environmental awareness regarding usage of plastic coupled with growing encouragement by governments for the use of biodegradable packaging materials are the major factors attributing to the market growth of sack kraft paper. According to EPA, in April, 2015, the European government has approved a directive requiring member states to take action to reduce the consumption and use of plastic bags of thickness less than 50 microns. Sack kraft paper is made from softwood by the kraft process and hence is biodegradable and environmental friendly. Stringent regulations regarding the use of plastic is also expected to drive the market growth. For instance, the governments of Denmark, Germany, and Ireland have imposed taxes on plastic bags, as per EPA.
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