Projected to climb from US$ 9.3 billion in 2022 to US$ 14.5 billion by 2030, the global machine glazed kraft paper market anticipates a robust Compound Annual Growth Rate (CAGR) of 6% over the period. This growth trajectory underscores the increasing demand for machine glazed kraft paper across various industries. Factors such as its eco-friendly nature, versatility, and suitability for packaging applications drive this market’s expansion. As industries worldwide prioritize sustainable and recyclable packaging solutions, machine glazed kraft paper emerges as a favored choice, contributing to its projected upward trajectory in the coming years.
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.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13035
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.
Market Restraints:
- Competition from Substitutes: Intense competition from alternative packaging materials, such as plastics and laminates, poses a challenge to the machine glazed kraft paper market, especially in applications requiring higher barrier properties.
- Volatility in Raw Material Prices: Fluctuations in raw material prices, particularly pulp and chemicals used in the papermaking process, can affect the production cost of machine glazed kraft paper, impacting profit margins for manufacturers.
- Infrastructure Constraints: Inadequate infrastructure for paper manufacturing and packaging in certain regions may limit market growth, affecting the availability and accessibility of machine glazed kraft paper products.
- Regulatory Constraints: Stringent regulations related to forest management, waste disposal, and packaging materials may pose compliance challenges for manufacturers, influencing the market’s growth trajectory.
- Technological Challenges: Adoption of advanced machinery and technologies for efficient production of machine glazed kraft paper requires significant investments, which may deter small and medium-sized enterprises from entering the market.
- Global Economic Uncertainties: Economic downturns, trade disputes, and geopolitical tensions can disrupt supply chains, affect consumer spending patterns, and dampen market demand for machine glazed kraft paper products.
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”).
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/13035
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
