The global market for machine glazed kraft paper is set to achieve significant milestones over the coming decade. According to market projections, the revenue generated by the industry is expected to value at USD 10.5 billion in 2024, with a forecast compound annual growth rate (CAGR) of 2.6% during the forecast period. By 2034, the market is anticipated to reach a valuation of USD 13.6 billion, marking moderate yet steady growth.
In 2023, the market achieved a revenue of USD 10.3 billion, and is expected to experience a year-on-year (Y-o-Y) growth of 2.8% in 2024. This consistent growth underscores the rising demand for machine glazed kraft paper across various industries.
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Unbleached kraft papers continue to be the top choice for consumers in this market. Known for their superior strength and resilience, these kraft papers undergo minimal chemical processing, allowing them to retain their maximum strength and lignin content.
This characteristic makes unbleached kraft papers an ideal material for diverse end-user industries, particularly food packaging. Industries increasingly favor these kraft papers for wrapping and packaging due to their cost-effectiveness and environmental benefits associated with reduced chemical processing.
The versatility of machine glazed kraft paper has driven its adoption for producing bags, pouches, and sacks, which are expected to account for 57.7% of the market in 2024. The high tensile strength of these papers makes them particularly suitable for carrying heavy loads, meeting the durability requirements of industries relying on robust packaging solutions.
The global demand for machine glazed kraft paper is fueled by its application across industries that require sustainable and durable packaging solutions. The market’s steady growth trajectory is indicative of its expanding role in promoting environmentally conscious practices while meeting industrial packaging demands.
Key Takeaways: Machine Glazed Kraft Paper Market
- The machine glazed kraft paper market recorded a CAGR of 2.4% from 2019 to 2023.
- Market value increased from USD 9.3 billion in 2019 to USD 10.3 billion in 2023.
- The UK market is projected to grow at a CAGR of 1.6% during the forecast period, with an incremental opportunity of USD 274.6 million.
- Sales in the USA are anticipated to grow at a CAGR of 1.8% during the forecast period.
- Unbleached kraft papers are expected to exhibit a growth rate of 3.4% during the forecast period.
- Adoption in the food and beverage industry is set to grow at a CAGR of 4.5% during the forecast period.
Competitive Landscape
Key players in the machine glazed kraft paper market are developing and bringing new goods into the industry. They are cooperating with a number of end-user companies to broaden their geographic reach.
Key Developments in Machine Glazed Kraft Paper Industry
- Mondi Plc, a well-known paper and paper packaging maker, acquired West Fraser Timber Co. Ltd.’s Hinton Pulp factory in Alberta, Canada, in February 2024.
- In June 2024, Smurfit Kappa Gorup, a notable sustainable packaging solutions provider, acquired Artemis Ltd, a prominent bag-in-box packaging plant in Bulgaria.
- In May 2024, Stora Enso OYJ, a well-known packaging company, and Marimekko, a Finnish design brand, cooperated to create unique and dynamic gift packaging solutions that are recyclable in nature.
Key Players in Machine Glazed Kraft Paper Manufacturers
- 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
- Ahlstrom-munksjö Oyj
- SCG Packaging
- WestRock
- Segezha Group
- Nordic Paper
Machine Glazed Kraft Paper Market Segmentation
By Basis Weight (in GSM):
In terms of basis weight, the industry is divided into 18 to 30 GSM and Above 30 GSM.
By Grade:
In terms of grade, the industry is divided into unbleached and bleached.
By Application:
In terms of application, the industry is divided into bags & pouches, sacks, wraps, labels & release liners, envelopes, coating & lamination, trays, cups & bowls and others
By End Use:
In terms of End Use, the industry is divided into food & beverages, healthcare, electrical & electronics, automotive, personal care & cosmetics, textile, building & construction and household.
By Region:
In terms of region, the industry is divided into North America, Latin America, East Asia, South Asia & Pacific, Eastern Europe, Western Europe and Middle East & Africa
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