The machine-glazed paper market is poised for substantial growth with a projected 4.6% compound annual growth rate (CAGR) from 2023 to 2033, reaching a market value of US$ 21.63 billion by the end of this period. This surge can be attributed to the escalating demand for eco-friendly packaging solutions, driven by mounting environmental concerns.
Over the past two decades, the machine glazed paper industry has expanded rapidly, spurred by the need for sustainable packaging materials. While packaging materials such as plastic and metal have been widely used for their cost-effectiveness and lightweight properties, the detrimental environmental impact of plastic has come into stark focus.
Plastic packaging, which accounts for a significant portion of global plastic production, contributes to environmental pollution and endangers marine life. Governments worldwide are responding by implementing stringent regulations to curtail plastic usage, particularly in packaging.
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Concurrently, a heightened global awareness of issues like climate change and pollution has prompted businesses to adopt sustainable packaging alternatives, with machine glazed paper emerging as a robust contender. This sturdy paper variant is ideal for packaging food items, ensuring both product safety and environmental responsibility.
In this evolving landscape, the shift from plastic to paper-based packaging reflects a collective commitment to combat pollution, conserve marine ecosystems, and mitigate the impact of climate change. As consumers and industries increasingly prioritize sustainability, the machine glazed paper market is set to play a pivotal role in the transformation of the packaging industry.
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 perio
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.
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:
- 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.
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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.
- 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
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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.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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