In 2023, the global glassine paper market is anticipated to expand favorably, with global sales rising 3.2% year-over-year. According to Future Market Insights, the glassine paper market is estimated to reach US$ 3.08 billion in 2023 and is expected to surpass US$ 4.99 billion in 2033.
The market is expanding as a result of many important causes, one of which is the rising need for packaging materials in the food and beverage sector. Different culinary products, including candy, baked goods, and snacks, are packaged with glassine paper. Industry growth in the food and beverage sector is significant in terms of CAGR rate.
The increased understanding of the environmental advantages of glassine paper over other kinds of packaging materials is another driving force. Customers are requesting ecologically friendly packaging solutions as they become increasingly concerned about the environment. Since it is compostable and biodegradable, glassine paper is a green packaging material.
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The expansion of the pharmaceutical sector is another factor propelling the glassine paper industry. The aging population, increased rates of chronic illnesses, and rising healthcare expenses are all contributing to the pharmaceutical industry’s prominent growth. Throughout the projection period, this is anticipated to fuel demand for glassine paper.
Glassine paper demand is anticipated to be driven by the expanding e-commerce sector as well as the increased usage of glassine paper as a release liner in packaging applications. The industry is also expected to benefit from advancements in the methods used to produce glassine paper, such as the creation of multi-layer glassine paper.
In terms of revenue share, Asia Pacific dominated the global glassine paper market in 2022. Given the increasing demand from end-use sectors including food & beverage, consumer products, and pharmaceuticals, the region is predicted to maintain its dominance during the forecast period.
Key Takeaways:
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.2% through 2033.
- The United States dominated the market in 2022 holding a 17.8% share of the global market.
- In 2022, Japan held a 4.3% market share globally.
- With a CAGR of 8.15% over the forecast period, India is predicted to develop significantly in the market.
- The market in China is expected to proliferate, registering a CAGR of 5.61% over the forecast period.
- Germany accounted for 6.7% of the global market in 2022.
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Competitive Landscape:
The top manufacturers of the glassine paper market are Lecta S.A., Ahlstrom-Munksjö Oyj, Sappi Limited, Glatfelter Corporation, Nippon Paper Industries Co. Ltd, Glassine Canada Inc., Guilin Qifeng Paper Co., Ltd., Henan Jianghe Paper Co., Ltd., Kamakshi Lamipack Private Limited, Patidar Corporation, Singhvi Foils., Sumika-Kakashi Co., Ltd., Shandong Chenming Paper Holdings Ltd., Fujian Naoshan Paper Industry Group Co., Ltd., GRÜNPERGA Papier GmbH, Pudumjee Paper Products Ltd., Cartiere Ermolli S.P.A., 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., Spoton Coatings Private Limited and others.
These companies have used several strategies to outperform their rivals. They prioritize innovation, enhancing efficiency and quality, providing unmatched customer service, implementing cost-saving measures, differentiating their products and services, and building a strong brand image. They have grown their client base and income by launching new goods, making acquisitions, forging alliances, restructuring their businesses, and working together.
Recent Developments:
- In November 2022, Ahlstrom revealed a key piece of technology that allowed for fully advanced base papers. It is the secret to address the barrier needs of flexible packaging while retaining the capabilities that paper inherently has to give in terms of finish.
- In April 2022, Sappi Limited established cooperation with EcoVadis, a pioneer in independent assessments of corporate sustainability performance. Through constructive inspections and audits utilizing EcoVadis’ approach, the two businesses would work together to evaluate the sustainability performance of Sappi’s partners.
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 Inc. (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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