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.
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.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5113
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.
“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.
Get In Touch With Our Team For 20% Flat Discount
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.
Glassine Paper Market 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
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-5113
Related Links –
https://issuu.com/nk99fmi/docs/rotomolded_containers_market_2022_industry_researc
https://www.pearltrees.com/niranjankarde/item476392846
https://kaalama.org/read-blog/189811
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.
Contact:
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports