Urbanization is gaining considerable momentum across a large number of regions. The growing need for affordable housing among various regions may serve as a vital growth generator for the saturating kraft paper market during the assessment period of 2019-2029. The tear-resistant properties of saturating kraft paper make them a perfect fit among various applications. These aspects bring tremendous growth opportunities for the saturating kraft paper market.
The construction sector is observing extensive growth over the years. The rural-to-urban migration has increased exponentially. These factors bode well for the growth of the saturating kraft paper market.
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Growing Usage of Resin-Saturated Kraft Papers to Accelerate Growth Prospects
The increasing usage of resin-saturated kraft papers in the furniture sector is inviting considerable growth for the saturating kraft paper market. The rising disposable income and the increased purchasing power parity among a large chunk of individuals have increased the standard of living considerably. This aspect has led to a rise in the sales of furniture and other items. Hence, these aspects attract immense growth.
Escalating Efforts of Players to Improve Certain Properties of Saturating Kraft Paper Invites Promising Growth
The heightening efforts of numerous players to enhance the quality of the products may prove to be a prominent growth generator. Manufacturers in the saturating kraft paper market are striving hard to improve the tear-resistant capabilities of the products through intense research and development activities.
Thriving E-Commerce Sector to Attract Substantial Growth
The COVID-19 pandemic has boosted the e-commerce sector substantially. The growing preference of the global populace toward online shopping may serve as a prominent growth booster. This aspect may serve as a profitable growth generator for the saturating kraft paper market.
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Some key players in the saturating kraft paper market are Shanghai Plastech Group Limited, Suyash Paper Mills Limited, and WestRock Company.