The glassine paper market is set to witness significant growth in 2023, with worldwide revenues projected to rise by 3.2% year-over-year. According to the latest market analysis by Future Market Insights (FMI), the glassine paper market is expected to see a 1.6X increase in revenues from USD 3.08 billion in 2023 to USD 4.99 billion by 2033, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.9%.
Glassine paper, made from bleached chemical pulp, is known for its translucency, smoothness, and glossy finish. This versatile paper is utilized in a wide range of applications, including food packaging, pharmaceuticals, and personal care products.
One of the primary drivers of market expansion is the growing demand for packaging materials within the food and beverage industry. Glassine paper is extensively used to package various food products such as confectionery, baked goods, and snacks. The food and beverage industry is experiencing rapid growth, fueled by increasing population and urbanization. Additionally, rising disposable incomes and changing consumer lifestyles are contributing to the industry’s expansion. Consequently, the booming food and beverage sector is expected to drive the demand for glassine paper.
Industry Growth Drivers:
- Eco-Friendly Packaging Demand: Growing environmental concerns boost the Glassine Paper Market as businesses seek sustainable packaging alternatives.
- Surge in Food Packaging: Increased demand for safe and hygienic food packaging accelerates the adoption of glassine paper in the industry.
- Health and Pharmaceutical Boom: The pharmaceutical sector’s expansion fuels the use of glassine paper for packaging sensitive medical products, driving market growth.
- Flexible Packaging Trend: Glassine paper’s versatility aligns with the rising trend in flexible packaging, further propelling its market demand.
- Advancements in Printing Technologies: Innovations in printing techniques enhance the aesthetic appeal of glassine paper, attracting industries seeking visually appealing packaging solutions.
Moreover, the global shift towards eco-friendly packaging solutions aligns perfectly with glassine paper’s characteristics. As consumers become more environmentally conscious, they seek biodegradable and compostable packaging options, making glassine paper an attractive choice due to its sustainable attributes.
Additionally, the pharmaceutical sector, driven by an aging population, rising chronic illnesses, and increased healthcare spending, relies on glassine paper for packaging tablets and capsules, further boosting the market’s growth prospects. Overall, the glassine paper industry is poised for significant expansion, driven by its versatile applications and eco-friendly characteristics.
Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper which is made for the safe and hygienic packaging of eatables and drinkables. Moreover, increasing demand for food & beverages is resulting in the high usage of safe packaging materials, which is further augmenting the growth of the glassine paper market.
Growing consumer awareness regarding quality and safety of food and beverages is bossting demand for safe packaging materials. This is anticipated to continue fueling sales of glassine paper during the forecast period.
“Recycling is a sustainable method to preserve environmental quality and reduce carbon footprint. Recyclability, sustainability, and eco-friendliness of glassine paper will continue driving its applications in various end-use industries through 2031. The glassine paper market is expected to expand with a YOY growth of 3.9% during the years 2021 – 2022,” – says the FMI analyst.
Increasing Sales of Waxed Papers to Fuel Glassine Papers Market Growth
Glassine paper can be used as waxed paper, once coated with wax on its surface. Waxed papers provide an economical choice for primary food packaging not only because of their versatility but also because of their safety as tasteless, odorless, non-toxic, and relatively inert materials.
Applications of waxed glassine paper in conventional packaging applications include: delicatessen pickup sheets; box liners; cover, scale, and utility sheets; patty papers; sandwich wraps; and bags, laminations to other papers and paperboard for food trays, locker papers, carryout cartons, food pails, baking cups, folding cartons, cereal liners, and folding carton overwrap. The varied applications of waxed papers are expected to boost sales of glassine paper in forthcoming years.
Food Packaging Will Continue Spurring Demand for Glassine Paper
The exponential rise of the food industry is being witnessed in all parts of the globe, due to the rise in consumer awareness about the quality of food and safety of the food while it is being delivered to the end user. The demand for safe packaging materials is high.
The growing food delivery chains ensures that the food packaging is non-reactant to the food so that the consumer can enjoy the food without getting any reaction or harm.
Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper is made for the safe and hygienic packaging of eatables and drinkables. Moreover, the high demand for food & beverages is resulting in the high usage of safe packaging materials, which is gradually resulting in the growth of the glassine paper market.
Key Players Operating in the Market are:
- Glatfelter Corporation
- Nippon Paper Industries Co. Ltd
- Shandong Chenming Paper Holdings Ltd.
- Glassine Canada Inc.
- Cartiere Ermolli S.P.A.
- Guilin Qifeng Paper Co., Ltd.
- Henan Jianghe Paper Co., Ltd.
- Spoton Coatings Private Limited
- Kamakshi Lamipack Private Limited
- Patidar Corporation
- Singhvi Foils.
- Sumika-kakoushi Co., Ltd.
- Fujian Naoshan Paper Industry Group Co., Ltd.
- GRÜNPERGA Papier GmbH
- Pudumjee Paper Products Ltd.
- Nordic Paper AS
- KRPA Paper, Inc.
- Metsä Tissue
- Riverside Paper Co.
- Savvy Packaging Pvt. Inc.
- UPM-Kymmene Oyj
- Fibril Tex Pvt. Ltd.
- S.P. Enterprises
- Karani Papers
- LINTEC Corp
- Aaradhya Disposal Industries Pvt. Ltd.
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Market Segmentation by Category:
By Material Type:
- Bleached
- Unbleached
By Application:
- Cups & Wrappers
- Soap Wrapping
- Flower Wrapping
- Binding Paper
- Tapes & Labels
- Envelopes
- Other Applications (Interleaving Paper, etc.)
By End Use:
- Food
- Bakery & Confectionery
- Ready to Eat Meals
- Others (Snacks, etc.)
- Pharmaceutical
- Personal Care
- Printing & Publication
- Chemical
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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