According to a comprehensive report by Future Market Insights (FMI), the machine glazed kraft paper market is poised for substantial growth between 2022 and 2030. The market is expected to expand by 1.6 times during this period, reaching a projected total value of more than $14.5 billion by 2030.
The anticipated growth of the machine glazed kraft paper market can be attributed to the rise of the food and beverage industry, which is driving the increasing demand for environmentally friendly packaging solutions. Despite facing sales decline due to the impact of the COVID-19 pandemic, a rebound is expected to commence in 2022. FMI’s report suggests that the food and beverage industry will account for approximately 27% of the market sales throughout the projected year.
These insights highlight the market’s potential for growth, primarily driven by the growing demand for sustainable packaging solutions in the food and beverage sector. The anticipated recovery after the pandemic indicates positive prospects for the machine glazed kraft paper industry in the coming years. As businesses and consumers continue to prioritize eco-friendly packaging options, the market for machine glazed kraft paper is expected to witness significant expansion, offering promising opportunities for industry players.
Key Takeaways of Global Machine Glazed Kraft Paper Market Study
- After registering negative y-o-y growth in 2021, sales in machine glazed kraft paper market is expected to recover 2022 onwards
- Rising focus on sustainable will enable the U.S. account for over 80% sales in North America in 2021
- The U.K. market is expected to register a little above 1% y-o-y growth in 2021, following a period of declining sales amid pandemic
- Demand from Germany and France is expected to increase following a period of negative sales in 2020-21
- China is expected to dominate East Asia market, yet Japan is likely to register growth at a higher rate
Unlock Vendor Strategies – Get Your Sample PDF Brochure @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13035
“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.
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.
Custom Reports for Global Growth – Get Yours Today @https://www.futuremarketinsights.com/customization-available/rep-gb-13035
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.
Regional Outlook:
Growing Paper Industry in China Boosts Machine Glazed Kraft Paper Market
The rapid growth of the paper industry in China has contributed to the expansion of the machine glazed kraft paper market. China’s paper industry revenues increased by 16.8% year on year, reaching 1.22 trillion Yuan (about $191 billion) during the January to October 2021 period. The sector’s profitability also rose by 22.4%, and paper output grew by 8.4% year on year. China is expected to hold over 43% of the East Asia machine glazed kraft paper market, offering significant potential for manufacturers.
USA Machine Glazed Kraft Paper Industry Continues to Generate Revenue
The USA’s machine glazed kraft paper industry is thriving and projected to dominate the North American market, holding over 80% market share throughout the forecast period. The country is estimated to provide an incremental revenue potential of US$ 545.8 million by 2030, growing by 1.5 times its current value. This sustained revenue generation is indicative of the strong demand for machine glazed kraft paper in the USA.
German Pulp and Paper Industry Growth Drives Machine Glazed Kraft Paper Market
The growth rate of the German pulp and paper industry has a positive impact on the machine glazed kraft paper market. In 2021, the sector witnessed significant increases in production output (+6.3%) and total revenue (+6.8%). Orders placed in the first half of the year soared by 15.8% compared to the previous year. Germany is projected to hold over 29% of the European machine glazed kraft paper market, offering an incremental potential of US$ 305.6 million by 2030, growing by 1.5 times its current value. This growth reflects the strong market opportunities in Germany for machine glazed kraft paper manufacturers
Act Fast – Request a Discount Today @ https://www.futuremarketinsights.com/request-discount/rep-gb-13035
Machine Glazed Kraft Paper Market By Category
By Basis Weight:
- 18 to 30 GSM
- Above 30 GSM
By Grade:
- Unbleached
- Bleached
Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels & Release Liners
- Envelopes
- Coating 7 Laminations
- Trays, Cups & Bowls
- Others (Gift Wrap etc.)
By End Use Industry:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
- Personal care & Cosmetics
- Textile
- Building & Construction
- Household
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
