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.
The USA’s machine glazed kraft paper industry is set to continue generating substantial revenue for manufacturers. The country is expected to dominate over 80% of the North American machine glazed kraft paper market throughout the projection period. The market in the USA is estimated to offer significant growth potential, with an incremental value of US$ 545.8 million by the end of 2030, marking a 1.5-fold increase from its current value. This growth can be attributed to the country’s strong focus on this industry and its contribution to various sectors.
On the other hand, the German pulp and paper industry’s remarkable growth rate plays a pivotal role in driving the machine glazed kraft paper market. With significant increases in production output and total revenue, Germany’s expanding pulp and paper sector creates a strong demand for related paper products. The German machine glazed kraft paper market is expected to capture over 29% of the European market, offering an incremental potential of US$ 305.6 million by 2030, marking a 1.5-fold increase from its current value. This growth is a result of the industry’s robust performance and the country’s influential position in the European market.
East Asia is anticipated to dominate with market value share by approximately 35% in the global machine glazed kraft paper market by 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.
For instance,
- On March 08 2022, Elopak and Nippon Paper Industries have agreed to expand their partnership and advance their liquid-paper packaging activities by signing a Memorandum of Understanding (MoU).
- On December 20 2021, Verso announced that it will be acquired by BillerudKorsnäs to boost business in North America, Creates a cost and quality advantage for one of the major providers of virgin fibre paper and packaging.
- On January 5 2021, Mondi announced procurement of Olmuksan, a well-known Turkish corrugated packaging manufacturer. Mondi paid €66 million for 90.38 percent of Olmuksan International Paper Ambalaj Sanayi ve Ticaret A. (“Olmuksan” or the “Company”).
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
