The global machine glazed kraft paper market is estimated at US$ 9.3 Billion in 2022 and is projected to reach US$ 14.5 Billion by 2030, at a CAGR of 6% from 2022 to 2030.
Globally, the high demand for machine glazed kraft papers has been encouraged by the rise in demand for eco-friendly packaging and the plastic ban turned out to be a major factor in the bolstered market growth of kraft paper, which propel the significant growth in the paper packaging market.
These days in the view of sustainable packaging, manufacturers are also utilizing paper as the alternative to plastics. A region like East Asia and Europe are the prime example of this, as they have banned plastics in their respective regions, so the utilization of paper makes them popular in the field of machine glazed kraft paper market.
E-commerce is also one of the dominant factors that drive growing demands for kraft paper, but it is not the only one. In countries like India and China, the demand for paper will rise across all sectors, including food & beverages, education, fast-moving consumer goods (FMCG), and healthcare.
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Market Drivers:
- Growing Packaging Industry : The packaging industry’s expansion, driven by e-commerce, retail, and FMCG sectors, fuels the demand for machine glazed kraft paper as it is widely used for packaging applications.
- Sustainability Concerns : Increasing environmental consciousness among consumers and regulations promoting eco-friendly packaging materials drive the demand for machine glazed kraft paper, known for its recyclability and biodegradability.
- Advantages in Food Packaging : Machine glazed kraft paper’s inherent properties, such as grease resistance, natural appearance, and ability to maintain product freshness, make it a preferred choice for food packaging applications.
- Expansion of Retail Sector : The growth of supermarkets, hypermarkets, and convenience stores globally escalates the demand for machine glazed kraft paper for various packaging needs, including bags, wraps, and containers.
- Innovation in Product Offerings : Manufacturers’ continuous efforts to innovate and develop machine glazed kraft paper with enhanced properties, such as improved strength, barrier performance, and printability, further stimulate market growth.
- Economic Development : Economic growth in emerging markets and rising disposable incomes drive consumption patterns, positively impacting the demand for machine glazed kraft paper in various end-use industries.
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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”).
Key Segmentations:
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.
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