The Machine Glazed Paper Market exhibits a robust growth trajectory, anticipated to achieve a 4.6% CAGR during the forecast period. The market value is projected to escalate from US$ 13.81 billion in 2023 to a significant US$ 21.63 billion in 2033. This expansion is propelled by increasing demand for eco-friendly packaging solutions in industries like food and packaging.
Machine-glazed paper, known for its durability, finds widespread usage in storing food items, ensuring their safety. The market’s growth is a response to the drawbacks of plastic packaging, which contributes significantly to pollution and environmental damage. With around 36% of plastics used for packaging, efforts to curb plastic waste have gained momentum globally. Governments are imposing regulations to limit plastic usage while growing awareness of global warming further fuels the shift towards sustainable packaging options like machine-glazed paper. As corporations prioritize environmentally friendly practices, the market thrives on its contribution to reducing plastic pollution and promoting greener alternatives.
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Growing demand for the product due to its high strength and perfect balance of gloss and smoothness, rising preferences for superior printing quality and sustainable packaging, and an increase in applications from various industries such as healthcare, food & beverages, automotive, textile, personal care, and others are a few insightful and impactful factors expected to drive the machine glazed paper market during the forecast perio
On the other hand, increased levels of investment in biodegradable packaging and programs encouraging sustainable packaging are likely to generate attractive potential prospects, resulting in the machine glazed paper market expanding throughout the forecast period.
High recycling prices and raw material price volatility are projected to stymie the expansion of the machine glazed paper market over the forecast period. The increasing difficulty in eliminating the residue left behind is expected to be the primary hurdle for industry expansion.
Key Points from the Machine-Glazed Paper Market
- One of the factors driving the machine-glazed papers market is the increasing demand for the product due to its high strength and ideal combination of gloss and smoothness.
- The machine-glazed paper market is expected to record a CAGR of 4.6% during the forecast period 2023 to 2033.
- Asia Pacific dominated the machine-glazed paper market.
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Key Development in the Machine-Glazed Paper Market
- July 2019 – Clayton Glass upgraded its glass manufacturing facilities to become the leading glass factory in the Mainland United Kingdom. The company committed US$ 1.7 million to this development, which included the installation of a brand-new, third completely automated Bystronic IGU line.
- October 2019 – Clayton Glass purchased the services, business, and manufacturing capabilities of Nottinghamshire-based glass company Global Glass from Aperture Trading Limited. Clayton has been able to dramatically enhance its sales volumes, manufacturing facilities, and geographical reach as a result of this acquisition.
- September 2021 – Valmet, an industrial machinery manufacturer for the paper and pulp industries, agreed to supply MG paper machine technology to Muda Paper Mills Sdn. Bhd in Malaysia to produce food packaging quality machine glazed paper.
- March 2022 – BillerudKorsnas AB, a prominent Swedish paper and packaging materials company, bought Verso Corporation, a United States-based manufacturer of coated groundwood, coated freesheet, and specialized products such as machine glazed paper.
- August 2020 – UFlex, an Indian multinational company in flexible packaging manufacturing, launched ‘Kraftika,’ a paper-based tube pack. Furthermore, the growth of e-commerce is pushing demand for corrugated boxes constructed from machine glazed kraft papers.
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Key Companies in the Market are as follows
- International Paper Company
- Nippon Paper Industries Co
- Stora Enso Oyj
- Smurfit Kappa Group
- Mondi Group Plc
- BillerudKorsnas AB
- Heinzel Group
Key Segments
By Basis Weight:
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
By Paper Type:
- Tissue Paper
- Kraft Paper
By Grade:
- Unbleached
- Bleached
By Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels
- Release Liners
By End User:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
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