The global machine glazed kraft paper market is estimated at US$ 9.3 Bn in 2022 and is projected to reach US$ 14.5 Bn by 2030, at a CAGR of 6% from 2022 to 2030
Machine glazed kraft paper (MGKP) is a type of paper that is used for various packaging applications. It is made by passing kraft paper through a series of rollers that have a glossy finish on them, resulting in a paper with a high gloss surface. MGKP is widely used in the food industry for applications such as wrapping, pouches, and bags, due to its excellent barrier properties against moisture, grease, and other contaminants. The paper is also used in the manufacturing of various types of boxes, cartons, and other types of packaging.
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The global machine glazed kraft paper market is driven by the increasing demand for eco-friendly and sustainable packaging solutions, as well as the growing demand for packaged food products. The rising awareness among consumers about the harmful effects of non-recyclable and non-biodegradable packaging materials is expected to further fuel the growth of the machine-finished kraft paper market.
One of the key trends in the market is the increasing use of MGKP in the e-commerce industry. With the rise of online shopping, there is a growing need for reliable and sustainable packaging solutions to ensure that the products are delivered safely and without damage. MGKP is an ideal material for e-commerce packaging due to its excellent strength and durability.
The demand for MGKP is also driven by the growth of the fast food industry. MGKP is widely used for the packaging of various fast food items such as burgers, sandwiches, and fries, due to its grease and moisture-resistant properties. The growth of the fast food industry in emerging economies such as India and China is expected to further boost the demand for MGKP in the coming years.
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On the basis of geography, the global MGKP market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be the fastest-growing region in the MGKP market, owing to the growing demand for packaged food products in countries such as China, India, and Japan.
In terms of the type of MGKP, the market can be segmented into bleached MGKP and unbleached MGKP. Bleached MGKP is expected to account for a larger share of the market, due to its higher quality and greater aesthetic appeal. However, unbleached MGKP is gaining popularity due to its eco-friendliness and cost-effectiveness.
In conclusion, the global machine glazed kraft paper market is expected to grow at a steady pace in the coming years, driven by the increasing demand for sustainable and eco-friendly packaging solutions, as well as the growing demand for packaged food products. The use of MGKP in the e-commerce and fast food industries is expected to further boost the growth of the market. Asia Pacific is expected to be the fastest-growing region in the MGKP market, and bleached MGKP is expected to account for a larger share of the market, although unbleached MGKP is gaining popularity.
Key Players:
- Mondi Plc
- Smurfit Kappa Group Plc
- Nippon Paper Industries Co, Ltd
- Stora Enso Oyj.
- BillerudKorsnäs AB
- Gascogne Papier SAS
- Sappi Limited
Machine Glazed Kraft Paper Market By Category
By Basis Weight:
- 18 to 30 GSM
- Above 30 GSM
By Grade:
- Unbleached
- Bleached
Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels & Release Liners
- Envelopes
- Coating 7 Laminations
- Trays, Cups & Bowls
- Others (Gift Wrap etc.)
By End Use Industry:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
- Personal care & Cosmetics
- Textile
- Building & Construction
- Household
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