The global glassine paper market is projected to witness positive growth in 2021, with worldwide revenues up by 3.2% year over year. A new market analysis by Future Market Insights (FMI) estimates the glassine paper revenues to nearly double between 2021 and 2031, reaching US$ 4.7 Bn in 2031, exhibiting a steady 5.0% CAGR.
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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The global consumption of glassine paper is expected to grow just over 1.8 Mn Tonnes by the end of 2021. Demand for unbleached glassine paper is forecast to increase at 3.3% between 2020 and 2021, estimated the combined glassine paper markets consumption year-over-year growth of 2.7% in 2021, opines FMI.
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.
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.
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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.
Applications of waxed glassine paper in conventional packaging applications include: delicatessen pickup sheets; box liners; cover, scale, and utility sheets; patty papers; sandwich wraps; and bags, laminations to other papers and paperboard for food trays, locker papers, carryout cartons, food pails, baking cups, folding cartons, cereal liners, and folding carton overwrap. The varied applications of waxed papers are expected to boost sales of glassine paper in forthcoming years.
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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Ahlstrom-Munksjö Oyj, Sappi Limited, Glatfelter Corporation, Nippon Paper Industries Co. Ltd., Shandong Chenming Paper Holdings Ltd., Glassine Canada Inc., Cartiere Ermolli S.P.A., Guilin Qifeng Paper Co., Ltd., Henan Jianghe Paper Co., Ltd., Spoton Coatings Private Limited, Kamakshi Lamipack Private Limited, Patidar Corporation, Singhvi Foils, Sumika-kakoushi Co., Ltd., Fujian Naoshan Paper Industry Group Co., Ltd., GRÜNPERGA Papier GmbH, Pudumjee Paper Products Ltd.,
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 and Aaradhya Disposal Industries Pvt. Ltd. are few of the market players in glassine paper market. Tier 1 players include Nippon Paper Industries Co Ltd., Sappi Limited, UPM-Kymmene Oyj, among others. The key players are estimated to hold 20% to 30% of the total global glassine paper market share.
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