According to Future Market Insights (FMI), sales of machine-glazed paper in Asia Pacific are estimated to be valued at around US$ 6,050.0 million in 2024. The industry is expected to reach US$ 10,359.7 million by 2034. Revenue of the machine-glazed paper industry in Asia Pacific is projected to expand at a CAGR of 5.8% in the forecast period 2024 to 2034.
Government ban on single-use plastic is boosting demand for plastic packaging and promoting machine-glazed paper as a sustainable alternative in Asia Pacific. Increasing inclination towards sustainable packaging results in more demand for paper packaging, influencing the machine-glazed paper industry.
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Machine-glazed paper is frequently used for packaging food and non-food items as it completely meets the packaging standards of various end-use industries. Machine-glazed tissue and kraft paper are regularly utilized in prominent sectors such as building & construction, food & beverages, and healthcare industries for different packaging applications. All these leading industries in Asia Pacific have witnessed stable industry growth and are projected to offer promising development by 2034.
Countries like India and China are anticipated to generate significant demand for paper packaging solutions due to rapid economic and industrial transformation. These factors are expected to offer lucrative opportunities to machine-glazed paper manufacturers to strengthen their manufacturing footprints and industry position in Asia Pacific.
Key Takeaways from the Asia Pacific Machine-glazed Paper Industry
- Based on paper grade, the unbleached segment is estimated to thrive at a 5.6% CAGR between 2024 and 2034.
- Based on application, the sack segment is anticipated to exhibit a CAGR of 5.0% during the forecast period.
- Sales of machine-glazed paper in Asia Pacific are estimated to be valued at US$ 6,050.0 million in 2024.
- The industry is expected to reach US$ 10,359.7 million by 2034.
- India is projected to surge at a CAGR of 7.5% by 2034.
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“Machine-glazed paper manufacturers in Asia Pacific emphasize sustainability by adopting eco-friendly practices in papermaking. This includes sourcing wood pulp from responsibly managed forests, exploring recycled pulp options, and incorporating bio-based coatings. This trend aligns well with the global sustainability goals of enhancing the appeal of machine-glazed paper,” says a lead Future Market Insights (FMI) analyst.
Competitive Landscape
Asia Pulp & Paper (APP) Sinar Mas, Siam Nippon Industrial Paper Co., Ltd., MUDA HOLDINGS BERHAD, PURA Group, Mondi plc, Stora Enso Oyj, BillerudKorsnas AB, West Coast Paper Mills Limited., are the key players in the industry. Tier 1 players in the industry hold 5 to 10% of the overall machine-glazed paper industry in Asia Pacific.
Leading players in the industry are offering products according to industry requirements. Manufacturers of machine-glazed paper across Asia Pacific are strengthening their presence by upgrading their product portfolios and supplier and distributor networks.
Recent activities of industry players operating in Asia Pacific are:
- In May 2023, Billerud AB announced the launch of a machine-glazed kraft paper used for wrapping toilet and kitchen paper rolls.
- In December 2022, Stora Enso announced an investment of US$ 40 million in unbleached kraft pulp production in Finland and US$ 44.45 million in fluff pulp production improvement in Sweden.
Asia Pacific Machine Glazed Paper Industry Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the Asia Pacific industry for machine-glazed paper, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals industry growth projections on the industry based on the basis of weight (up to 40 gsm, 41 to 70 gsm, 71 to 100 gsm, above 100 gsm), pulp grade (northern bleached softwood kraft (NBSK), leaf bleached kraft pulp (LBKP), bleached hardwood kraft pulp (BHKP), bleached softwood kraft pulp (BSKP), recycled pulp), paper grade (unbleached, bleached), application (bags and pouches, sacks, wraps, labels and release liner, envelopes, others [gift wrap, cup]), and end use (food & beverage, food & beverage, textile, personal care, and cosmetics, electric and electronics, automotive, building and construction, others [household]).
Asia Pacific Machine Glazed Paper Industry Segmentation by Category
By Basis of Weight:
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
By Pulp Grade:
- Northern Bleached Kraft Pulp
- Southern Bleached Kraft Pulp
- Bleached Hardwood Kraft Pulp
- Bleached Softwood Kraft Pulp
- Recycled Pulp
By Paper Grade:
- Unbleached
- Bleached
By Application:
- Bags and Pouches
- Sacks
- Wraps
- Labels and Release Liner
- Envelopes
- Others (Gift Wrap, Cup)
By End-use:
- Food & Beverage
- Healthcare
- Textile
- Personal Care and Cosmetics
- Electric and Electronics
- Automotive
- Building and Construction
- Others (Household)
By Country:
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Vietnam
- Malaysia
- Singapore
- Rest of Asia Pacific
About Future Market Insights Inc. (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.
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