Machine glazed papers have emerged as the preferred packaging alternative for various industries due to their excellent blend of sustainability and aesthetics
The use of machine-glazed papers has increased tremendously, over the last ten years. Moreover, product packaging has evolved significantly over time. Everyone from manufacturers to retailers is seeking smarter, greener, and more appealing packaging choices to suit customer demands. Because of their remarkable strength and optimum balance of gloss and smoothness, these sheets have become the new standard in packaging.
Growing demand for the product due to its high strength and perfect balance of gloss and smoothness, rising preferences for superior printing quality and sustainable packaging, and an increase in applications from various industries such as healthcare, food & beverages, automotive, textile, personal care, and others are a few insightful and impactful factors expected to drive the machine glazed paper market during the forecast period.
On the other hand, increased levels of investment in biodegradable packaging and programs encouraging sustainable packaging are likely to generate attractive potential prospects, resulting in the machine glazed paper market expanding throughout the forecast period.
For More Insights on this Market, Get a Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7900
High recycling prices and raw material price volatility are projected to stymie the expansion of the machine glazed paper market over the forecast period. The increasing difficulty in eliminating the residue left behind is expected to be the primary hurdle for industry expansion.
Key Points from the Machine Glazed Paper Market
- One of the factors driving the machine glazed papers market is the increasing demand for the product due to its high strength and ideal combination of gloss and smoothness.
- The machine glazed paper market is expected to record a CAGR of 4.6% during the forecast period 2023 to 2033.
- Asia Pacific dominated the machine glazed paper market.
Key Development in the Machine Glazed Paper Market
- July 2019 – Clayton Glass upgraded its glass manufacturing facilities to become the leading glass factory in the Mainland United Kingdom. The company committed US$ 1.7 million to this development, which included the installation of a brand-new, third completely automated Bystronic IGU line.
- October 2019 – Clayton Glass purchased the services, business, and manufacturing capabilities of Nottinghamshire-based glass company Global Glass from Aperture Trading Limited. Clayton has been able to dramatically enhance its sales volumes, manufacturing facilities, and geographical reach as a result of this acquisition.
Customize your report by selecting specific countries or regions and save 30% @ https://www.futuremarketinsights.com/customization-available/rep-gb-7900
- September 2021 – Valmet, an industrial machinery manufacturer for the paper and pulp industries, agreed to supply MG paper machine technology to Muda Paper Mills Sdn. Bhd in Malaysia to produce food packaging quality machine glazed paper.
- March 2022 – BillerudKorsnas AB, a prominent Swedish paper and packaging materials company, bought Verso Corporation, a United States-based manufacturer of coated groundwood, coated freesheet, and specialized products such as machine glazed paper.
- August 2020 – UFlex, an Indian multinational company in flexible packaging manufacturing, launched ‘Kraftika,’ a paper-based tube pack. Furthermore, the growth of e-commerce is pushing demand for corrugated boxes constructed from machine glazed kraft papers.
Competitive Landscape
The global machine glazed paper market is fragmented in nature. Key players operating in the market are focusing on expanding their reach globally, diversifying their product portfolio, and making rapid product development to a gain competitive edge.
- Mondi Group Plc has its new-fangled recyclable PP films ideal to thermoform flexible films for MAP (Modified Atmosphere Packaging) and vacuum packaging. The shelf life of perishable products like meat and cheese could be extended. The carbon footprint has also been reduced by 23%.
Key Companies in the Market are as follows
- International Paper Company
- Nippon Paper Industries Co
- Stora Enso Oyj
- Smurfit Kappa Group
- Mondi Group Plc
- BillerudKorsnas AB
- Heinzel Group
- Burgo Group Spa
- SCG Packaging
- Verso Corporation
Enquire before purchasing this report @ https://www.futuremarketinsights.com/checkout/7900
Key Segments
By Basis Weight:
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
By Paper Type:
- Tissue Paper
- Kraft Paper
By Grade:
- Unbleached
- Bleached
By Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels
- Release Liners
By End User:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
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
LinkedIn| Twitter| Blogs