Introduction
In an era marked by sustainability and eco-consciousness, the machine glazed kraft paper market is making significant strides. This article will provide you with an in-depth understanding of this market, addressing key facets such as its applications, benefits, and the growing demand for eco-friendly packaging solutions.
Machine Glazed Kraft Paper Market Overview
Machine Glazed Kraft Paper, often referred to as MG Kraft Paper, is a type of paper known for its exceptional strength and durability. This paper is produced by subjecting the pulp to a machine glazing process, which imparts a glossy finish on one side while retaining the natural, rough texture on the other.
In 2022, the worldwide market for machine glazed kraft paper is approximated to be valued at US$ 9.3 billion. Projections indicate that by 2030, this market could attain a value of US$ 14.5 billion, reflecting a compounded annual growth rate (CAGR) of 6% from 2022 to 2030.
Get our Sample Report to discover how recent industry developments, like @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13035
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
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.
Exploring Market Trends
Demand in E-commerce Packaging
The exponential growth of e-commerce has sparked a surge in demand for effective and sustainable packaging solutions. Machine glazed kraft paper meets these requirements, offering sturdy packaging that protects items during transit while aligning with the eco-conscious values of online shoppers.
Sustainable Packaging: A Market Driver
As consumers become more environmentally conscious, sustainable packaging solutions gain prominence. Machine glazed kraft paper’s renewable and recyclable attributes position it as a driving force in the sustainable packaging market. Brands that prioritize sustainability are inclined to adopt this paper to cater to consumer preferences.
Global Market Expansion: Opportunities and Challenges
The machine glazed kraft paper market is expanding globally, driven by both environmental concerns and regulatory changes. While this expansion presents immense opportunities, it also poses challenges related to sourcing sustainable raw materials, optimizing production processes, and meeting varying market demands.
Innovations in Machine Glazed Kraft Paper
The paper industry continues to innovate, and machine glazed kraft paper is no exception. Researchers and manufacturers are exploring ways to enhance its properties, making it even more versatile and adaptable to a broader range of applications. These innovations are paving the way for new possibilities in packaging and beyond.
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
Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
