The market for machine-glazed kraft paper is anticipated to reach US$ 14.5 Billion by 2030, at a CAGR of 6% from US$ 9.3 Billion in 2022. A recent FMI estimate projects that during the forecast period, the market for machine glazed kraft paper would produce an additional potential of US$ 5.4 Bn.
According to FMI estimate, the machine glazed kraft paper market would produce around US$ 9.1 Bn in total revenue by the year 2021. By the forecast year 2030, the market for machine-glazed kraft paper is anticipated to grow by 1.6 times its current value.
The Global Machine Glazed Kraft Paper Market Study’s Key Findings
- After posting negative year-over-year growth in 2021, the machine glazed kraft paper market is anticipated to rebound starting in 2022.
- In 2021, the U.S. will account for over 80% of sales in North America thanks to a growing focus on sustainability.
- Following a period of dropping sales due to the pandemic, the U.K. market is anticipated to grow by little over 1% year over year in 2021.
- Following a period of declining sales in 2020–21, demand from Germany and France is anticipated to rise.
Japan is projected to have faster development than China, despite expectations that China will dominate the East Asian market.
“The ability of machine glazed kraft paper to provide exclusive mechanical strength, flexibility, and printability makes it an ideal choice for packaging of industrial and non-industrial goods. Shifting inclination towards strong yet sustainable packaging solutions will create sales opportunities,” said a lead analyst at FMI.
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Historic And Forecast Market Outlook For Machine Glazed Kraft Paper
Machine glazed kraft paper is also called M.G. kraft paper. Unbleached machine glazed kraft paper has a shiny surface on one side and a rough surface on the other. For excellent printing, it consists of the strong tensile strength of kraft paper with the shine and softness of glossy paper. Machine glazed brown kraft paper is made from agriculturally based raw resources, making it eco-friendly.
Machine glazed kraft paper is one of the most efficient and environmentally friendly packaging options that are available. Bags and pouches, wraps, sacks, labels & liners, envelopes, trays, cups, and bowls are all made with kraft paper. Machine glazed kraft paper is accessible in two grades: bleached and unbleached.
High Preference for Environment-friendly Packaging to Bolster Market Growth
Rising preference of sustainable packaging has led to an increase in demand for packaging solutions that can also be recycled. Machine glazed kraft paper manufacturers are inclining towards sustainable packaging and are promoting environment-friendly packaging. Manufacturers are using paper materials as a sustainable packaging alternative to conventional plastic and metallized packaging solutions used in food, healthcare, personal care & cosmetics, building & construction, and household applications.
Competitive Landscape
To achieve a competitive edge, the market’s leading companies are striving to enlarge their global presence, expand their product offerings, and speed up the development process. Furthermore, most companies employ marketing strategies such as mergers and acquisitions to broaden their market reach and strengthen their position.
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.
Key Companies Profiled
- 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
- Papelera de Brandia, S.A.
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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
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