The global glassine paper market is fragmented in nature with the presence of key market players in the U.S., Germany, Italy, China, and Japan. The glassine paper market is anticipated to offer lucrative opportunities to new entrants for expansion in developing nations such as India, Brazil, Malaysia in the upcoming years.
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Increasing demand for glassine paper for convenience products in the food industry will improve sales prospects in Japan and the Middle East.. Low production costs, cheap labor and easy availability of raw materials are encouraging market players to expand their production facilities in Asian countries.
As per FMI, Brazil is projected to emerge as an attractive market, owing to increasing disposable income and expansion of the food industry in Latin America.
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 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.
Glassine Paper Market- Key Takeaways
Based on material type, unbleached glassine paper segment is expected to offer total incremental opportunity of US$ 766.4 Mn during the assessment period.
In terms of application, 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, printing and publication segment is expected to exhibit a 6.2% CAGR through 2021. Pharmaceutical segment is expected to attract an incremental opportunity of US$ 440.9 Mn in the forthcoming years.
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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 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. Glassine paper market is expected to expand with a YOY growth of 3.9% during the years 2021 – 2022,” says the FMI analyst.
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.
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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The key players are estimated to hold 20% to 30% of the total global glassine paper market share.
Glassine Paper Market by Category
By Material Type:
Bleached
Unbleached
By Application:
Cups & Wrappers
Soap Wrapping
Flower Wrapping
By End Use:
Food
Bakery & Confectionery
Ready to Eat Meals
Others (Snacks, etc.)
According to Japan Paper Association, the value of manufactured goods shipments in the pulp, paper and paper products industry in Japan was valued at US$ 68.9 Bn in 2018. This is indicative of bright growth prospects in the Japanese glassine paper market.
The Japanese government is also encouraging paper production and packaging industries to promote ecological development and reduce wastage, which in turn will boost sustainable production and sales of glassine paper.