The machine-glazed paper market is anticipated to be valued US$ 13.81 billion in 2023 and US$ 21.63 billion by 2033. The market analysis provides information that may be used by market leaders, new entrants, investors, and shareholders to develop long-term plans and strengthen their market positions.
Machine glazed papers have emerged as the preferred packaging alternative for various industries due to their excellent blend of sustainability and aesthetics
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Over the past ten years, there has been a significant rise in the use of machine-glazed papers. Also, there has been a big change in product packaging over time. To meet consumer needs, everyone—from retailers to manufacturers—is looking for more intelligent, attractive, and environmentally friendly packaging options. These sheets have emerged as the new packaging standard due to their exceptional strength and perfect harmony of gloss and smoothness.
Growing preferences for superior printing quality and sustainable packaging, increasing demand for the product due to its high strength and ideal balance of gloss and smoothness, and an increase in applications from various industries including healthcare, food & beverage, automotive, textile, personal care, and others are a few insightful and significant factors expected to fuel the machine glazed paper market during the forecast period.
Nonetheless, growing investments in biodegradable packaging and initiatives to promote sustainable packaging are projected to create appealing prospective prospects, leading to an expansion of the machine glazed paper market throughout the course of the forecast period.
During the course of the forecast period, it is anticipated that high recycling costs and volatile raw material prices will restrain the growth of the machine glazed paper market. The main obstacle to industry expansion is anticipated to be the rising difficulty in removing the residue left behind.
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Key Points from the Machine Glazed Paper Market
- One of the factors driving the machine glazed papers market is the increasing demand for the product due to its high strength and ideal combination of gloss and smoothness.
- The machine glazed paper market is expected to record a CAGR of 4.6% during the forecast period 2023 to 2033.
- Asia Pacific dominated the machine glazed paper market.
Key Development in the Machine Glazed Paper Market
- July 2019 – Clayton Glass upgraded its glass manufacturing facilities to become the leading glass factory in the Mainland United Kingdom. The company committed US$ 1.7 million to this development, which included the installation of a brand-new, third completely automated Bystronic IGU line.
- October 2019 – Clayton Glass purchased the services, business, and manufacturing capabilities of Nottinghamshire-based glass company Global Glass from Aperture Trading Limited. Clayton has been able to dramatically enhance its sales volumes, manufacturing facilities, and geographical reach as a result of this acquisition.
- September 2021 – Valmet, an industrial machinery manufacturer for the paper and pulp industries, agreed to supply MG paper machine technology to Muda Paper Mills Sdn. Bhd in Malaysia to produce food packaging quality machine glazed paper.
- March 2022 – BillerudKorsnas AB, a prominent Swedish paper and packaging materials company, bought Verso Corporation, a United States-based manufacturer of coated groundwood, coated freesheet, and specialized products such as machine glazed paper.
- August 2020 – UFlex, an Indian multinational company in flexible packaging manufacturing, launched ‘Kraftika,’ a paper-based tube pack. Furthermore, the growth of e-commerce is pushing demand for corrugated boxes constructed from machine glazed kraft papers.
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Key Companies in the Market are as follows
- International Paper Company
- Nippon Paper Industries Co
- Stora Enso Oyj
- Smurfit Kappa Group
- Mondi Group Plc
- BillerudKorsnas AB
- Heinzel Group
Key Segments
By Basis Weight:
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
By Paper Type:
- Tissue Paper
- Kraft Paper
By Grade:
- Unbleached
- Bleached
By Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels
- Release Liners
By End User:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
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