The global glassine paper market is on a promising trajectory, with a projected 4.9% compound annual growth rate (CAGR) from 2023 to 2033, ultimately reaching a substantial valuation of US$ 4.99 billion by 2033, as per a recent analysis by Future Market Insights (FMI). This growth is underpinned by several key factors.
Core Concepts in the Glassine Paper Industry
- Market Size in 2023: The glassine paper market is valued at US$ 3.08 billion.
- Sales Drivers: Sales are driven by product safety and quality.
- Dominant Segment: The bleached material type segment is expected to hold 7% of the market share until 2033.
- Long-term Opportunities: The development and innovation of multilayer glassine papers present significant opportunities.
- CAGR for the United Kingdom Market: The market in the United Kingdom is projected to exhibit a CAGR of 5.2% until 2033.
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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.
Key Takeaways
- Based on material type, the unbleached glassine paper segment is expected to offer a total incremental opportunity of US$ 766.4 Mn during the assessment period.
- In terms of application, the cups and wrappers segment is projected to hold 27.5% of the global glassine paper market share, while the tapes and labels segment is projected to create an incremental opportunity of US$ 444.1 Mn.
- By end use, the printing and publication segment is expected to exhibit a 6.2% CAGR through 2021. The pharmaceutical segment is expected to attract an incremental opportunity of US$ 440.9 Mn in the forthcoming years.
- Emerging markets in East Asia and Latin America are projected to witness high demand for glassine paper, owing to increasing usage in ready-to-eat meals, holding more than 22% of the market share by the end of 2021.
“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.
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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.
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Market Segmentation
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
o Bakery & Confectionery
o Ready to Eat Meals
o Others (Snacks, etc.)
- Pharmaceutical
- Personal Care
- Printing & Publication
- Chemical
- Other Consumer Goods
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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