Machine Glazed Kraft Paper Market Surges: Anticipates a Remarkable 6% CAGR by 2030

Valued at US$ 9.3 billion in 2022, the global machine glazed kraft paper market is on a trajectory of significant expansion, with projections indicating a reach of US$ 14.5 billion by 2030. This upward trajectory is forecasted to maintain a Compound Annual Growth Rate (CAGR) of 6% from 2022 to 2030. The market’s growth is fueled by factors such as increased industrial applications, eco-friendly packaging preferences, and the versatility of machine glazed kraft paper. As demand continues to surge for sustainable packaging solutions, the market is poised to play a pivotal role in the evolving landscape of paper and packaging industries.

Commonly referred to as M.G. kraft paper, unbleached machine glazed kraft paper features a glossy surface on one side and a textured surface on the other, combining the robust tensile strength of kraft paper with the smoothness and sheen of glossy paper for optimal printing quality. This type of brown kraft paper is crafted from renewable agricultural sources, emphasizing its eco-friendly composition and contributing to sustainable packaging solutions.

According to Future Market Insights (FMI), the machine glazed kraft paper industry in the USA is experiencing robust growth, poised to dominate over 80% of the North American market throughout the forecast period. FMI’s calculations suggest that the targeted market, the United States, is anticipated to unlock incremental potential exceeding US$ 545.8 million by the conclusion of 2030, representing a 1.5-fold increase from its current valuation. This underscores the country’s pivotal role in driving the expansion of the machine glazed kraft paper sector in the North American region, signaling significant opportunities for market players and stakeholders in the foreseeable future.

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Market Drivers:

1. Growing E-commerce Industry: The rise of e-commerce has significantly increased the demand for packaging materials, including machine glazed kraft paper, for shipping and protecting products during transit.
2. Sustainability Concerns: Machine glazed kraft paper is often considered an environmentally friendly option as it is biodegradable and recyclable. As sustainability becomes a more significant concern for consumers and businesses, there may be an increasing demand for eco-friendly packaging solutions.
3. Increasing Preference for Recyclable Materials: With a growing emphasis on reducing environmental impact, there is a trend towards the use of recyclable materials in packaging. Machine glazed kraft paper, being recyclable, aligns with this preference.
4. Versatility in Applications: Machine glazed kraft paper finds applications in various industries such as food and beverage, consumer goods, and industrial packaging. Its versatility contributes to a diverse market demand.

Market Restraints:

1. Raw Material Price Fluctuations: The price and availability of raw materials, such as wood pulp, can impact the production cost of machine glazed kraft paper. Fluctuations in raw material prices may pose challenges for manufacturers in maintaining stable pricing.
2. Competition from Alternative Materials: The packaging industry is dynamic, with continuous innovations in materials and technology. Machine glazed kraft paper faces competition from alternative packaging materials, and its market share may be affected by the development of new and more efficient materials.
3. Stringent Regulations: Environmental regulations and standards regarding packaging materials may affect the production and use of machine glazed kraft paper. Compliance with these regulations can add costs and operational complexities for manufacturers.
4. Limited Barrier Properties: While machine glazed kraft paper is suitable for many packaging applications, it may have limitations in terms of barrier properties compared to other materials. This can restrict its use in packaging applications that require enhanced moisture or gas barrier capabilities.

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”).

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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.

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