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Oct 20, 2023

Global Machine Glazed Kraft Paper Market to Reach US$ 14.5 billion by 2030: Rising Demand and Sustainable Packaging Solutions Drive Growth

In its analysis of the machine glazed kraft paper market, which includes a

In its analysis of the machine glazed kraft paper market, which includes a worldwide industry overview, size, share, growth, trends, and forecast for 2022–2030, Future Market Insights (FMI) provides significant insights. The analysis predicts that the industry will expand by 1.6 times within the anticipated time period. Its estimated total value is projected to exceed US$ 14.5 billion by 2030.

Growth in the food and beverage sector will be supported by increased demand, which is being fueled by a greater emphasis on environmentally friendly packaging. Following the COVID-19 epidemic, sales are anticipated to decline, but a recovery is anticipated to begin in 2022. Throughout the course of the projected year, the food and beverage industry is expected to generate about 27% of market sales, according to FMI.

Key Takeaways of Global Machine Glazed Kraft Paper Market Study

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"The ability of machine glazed kraft paper to provide exclusive mechanical strength, flexibility, and printability makes it an ideal choice for packaging of industrial and non-industrial goods. Shifting inclination towards strong yet sustainable packaging solutions will create sales opportunities," said a lead analyst at FMI.

High Preference for Environment-friendly Packaging to Bolster Market Growth

Rising preference of sustainable packaging has led to an increase in demand for packaging solutions that can also be recycled. Machine glazed kraft paper manufacturers are inclining towards sustainable packaging and are promoting environment-friendly packaging. Manufacturers are using paper materials as a sustainable packaging alternative to conventional plastic and metallized packaging solutions used in food, healthcare, personal care & cosmetics, building & construction, and household applications.

Bags & pouches, wraps, labels & release liners, sacks, envelopes, coating & lamination, cups & bowls, trays, and others (gift wrap and others.) are produced from viable packaging materials such as machine glazed kraft paper. They are shaping way for the efficient environment-friendly packaging solutions across the world.

Initiatives by manufacturers operating in the global machine glazed kraft paper market will further encourage consumers to adopt sustainable packaging products. Increasing inclination for such environment-friendly machine glazed kraft paper solution and stringent government regulations regarding green packaging formats across various countries are ultimately fueling the machine glazed kraft paper market growth.

Moreover, the shift in the adoption of flexible packaging instead of rigid packaging across the globe is responsible for driving the machine glazed kraft paper market growth. There is an increasing penetration of machine glazed kraft paper for packaging of food & beverages, personal care & cosmetics products, textile and other industrial products in the East Asian region.

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Who is Winning?

The manufacturers of machine glazed kraft paper are continuously focusing on innovation. Rising investment in research and development, resulted in the advent of packaging formats that feature odor neutrality and high taint and come with an option of wet-strength for high barrier protection against the effects of oxygen and moisture. Furthermore, machine glazed kraft papers offer a compostable and sustainable functional choice with excellent aesthetic and surface properties, which is enabling growth in the market.

Mondi Plc, Smurfit Kappa Group Plc, Nippon Paper Industries Co, Ltd., Stora Enso Oyj., BillerudKorsnäs AB, Gascogne Papier SAS, Sappi Limited, Asia Pulp & Paper (APP) Sinar Mas, Heinzel Group, and Papelera de Brandia, S.A. are prominent players in the Machine Glazed Kraft Paper market.

Global Machine Glazed Kraft Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global machine glazed kraft paper market, analysing historical demand from 2015-2021 and forecast statistics for 2022–2030. The study reveals growth projections on the machine glazed kraft paper market on the basis of basis weight (18 to 30 GSM and above 30 GSM), by grade (unbleached and bleached), by application (bags & pouches, sacks, wraps, labels & release liners, envelopes, coating & lamination, trays, cups & bowls and others (gift wrap etc.)) and by end use (food & beverages, healthcare, electrical & electronics, automotive, personal care & cosmetics, textile, building & construction and household) across seven regions.

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Machine Glazed Kraft Paper Market By Category

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About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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