The machine-glazed paper market is poised for remarkable growth, according to the latest market projections. With an anticipated Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period, the market is projected to surge from US$ 13.81 billion in 2023 to an impressive US$ 21.63 billion in 2033.
The rapid expansion of the machine glazed paper industry can be attributed to the escalating demand for eco-friendly packaging solutions, particularly in the food and packaging sectors. Over the past two decades, the industry has witnessed exponential growth, driven by the increasing preference for sustainable packaging media.
Get A Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7900
While plastic remains a popular choice for packaging due to its affordability and lightweight properties, the demand for environmentally friendly alternatives has propelled the adoption of machine glazed paper. Renowned for its sturdiness and versatility, machine glazed paper is extensively utilized in the packaging of various food items, including vegetables, sugar, wheat, and dried fruits, ensuring food safety and preservation.
Several growth factors are contributing to the burgeoning demand for machine glazed paper. The utilization of glazed tiles for enhanced visual appeal and ease of maintenance is driving market expansion, presenting lucrative opportunities for stakeholders. Furthermore, the escalating investments in the construction and renovation of residential and commercial buildings are fueling the growth of the glazed tile market, thereby augmenting the demand for machine-glazed paper.
Key Points:
- 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.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7900
Key Development:
- 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.
- 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.
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
Request For Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-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
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube