ALBANY, New York, November 17, 2016 /PRNewswire/ -- According to the recent research report published by TMR, the global sack kraft paper market is expected to reach a valuation of US$10.5 bn by the end of 2024 as compared to US$8.4 bn in 2015. During the forecast period of 2016 and 2024, the global market is expected to expand at a CAGR of 2.6%. Strengthening Construction Sector Boosts Asia Pacific Market Out of the several end users, the cement and building materials segment is expected to progress at a CAGR of 2.2% during the forecast period. The rapid growth in construction and the subsequent rise in the demand for building materials is expected to fuel the growth of this segment in the near future. In terms of geography, Asia Pacific is expected to show persistent demand. The region is expected to register a CAGR of 3.4% during the forecast period. The demand for sack kraft paper in Asia Pacific will also be attributable to the soaring construction activities in the near future. Get PDFSampleBrochure for Professional & Technical insights athttp://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13286Ban on Plastics Poised to Benefit Global Sack Kraft Paper Market "The growing environmental concerns pertaining to mounting dumps of plastics has urged governments and several organizations to shift their focus towards development of sustainable materials," states the lead author of this research report. This very sentiment has been driving to the global sack kraft paper market, which is extensively being used in a variety of areas. From construction to packaging of food, sack kraft paper is being adopted as a sustainable option as it exhibits remarkable printability, extensibility, porosity, and durability. Sack kraft paper is gaining stupendous popularity as it exhibits the same strength as that of plastic materials. Thus, it is extensively being used for packaging cement to pack smaller quantities.