The global SCK (Super Calendered Kraft) paper market is projected to witness substantial growth in the coming years, with an anticipated market size of US$ 3.5 billion in 2022, soaring to US$ 6.9 billion by 2032. The market is expected to exhibit a commendable Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2022 to 2032.
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Key Drivers of Growth:
The remarkable growth of the SCK paper market can be attributed to several factors, including:
- High Printability: SCK papers offer excellent printability, making them a preferred choice for various printing applications across industries.
- Extensibility: These papers are known for their extensibility, allowing for smooth printing processes and enhancing the overall quality of printed materials.
- Durability: SCK papers boast impressive durability, ensuring that printed materials maintain their integrity and quality over time.
- Porosity: Compared to plastic, SCK papers exhibit superior porosity, making them suitable for a wide range of applications where breathability and absorption are crucial.
- E-Commerce Boom: The rapid expansion of the e-commerce sector is driving the demand for SCK paper due to its cost-effectiveness and ability to handle multiple products in a single package.
Market Growth and Challenges:
- White Sack Kraft Paper Gains Traction: White SCK paper, offering superior printability for improved visual appeal, is expected to gain significant market share.
- Government Regulations on Plastic: Stringent government regulations banning plastic packaging in developed countries are expected to further propel the SCK paper market growth.
- Infrastructure Development: The surging expansion of the construction industry and increasing infrastructure projects will contribute to the demand for SCK paper in various applications.
- Lack of Awareness and Alternative Packaging Options: Limited awareness about SCK paper’s benefits, particularly in developing nations, and the availability of alternative packaging solutions like plastic bags and flexible IBCs may pose challenges to market growth.
Regional Market Leaders:
- Europe: Europe is anticipated to hold the largest market share due to the rapid growth of e-commerce and a focus on sustainable packaging solutions.
- North America: The ongoing premiumization of kraft packaging in the U.S. and Canada, and government regulations restricting plastic use, are expected to drive the North American SCK paper market.
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Key Segments:
By Weight:
- <40 gsm
- 40 gsm — 80 gsm
- 80 gsm — 120 gms
- >120 gsm
By Sales Channel:
- Supermarkets/Hypermarkets
- Specialty/Departmental Stores
- Online
- Distributors
By Application:
- Labeling
- Food Packaging
- Art & Craft
- Printing
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa