According to a recent FMI estimate, the market for machine glazed kraft paper is expected to generate an additional potential of US$ 5.4 Bn over the course of the forecast period, growing at a CAGR of 6% from 2022 to 2030. The global machine glazed kraft paper market is estimated to be worth US$ 9.3 Bn in 2022 and is projected to reach US$ 14.5 Bn by 2030.
According to FMI estimate, the machine glazed kraft paper market would produce around US$ 9.1 Bn in total revenue by the year 2021. By the forecast year 2030, the market for machine-glazed kraft paper is anticipated to grow by 1.6 times its current value.
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Market Outlook For Machine-Glazed Kraft Paper: Historical and Future Trends
M.G. kraft paper is another name for machine-glazed kraft paper. Kraft paper that has been machine-glazed but not bleached has a rough side and a shiny side. It combines glossy paper’s lustre and softness with the robust tensile strength of kraft paper for superb printing. Machine-glazed brown kraft paper is environmentally friendly because it is created from raw materials derived from agriculture.
One of the most effective and environmentally beneficial packaging solutions is machine-glazed kraft paper. Kraft paper is used to make trays, cups, bowls, labels and liners, envelopes, bags, pouches, wraps, and sacks. There are two grades of machine-glazed kraft paper: bleached and unbleached.
What Are The Growth Factors For Machine Glazed Kraft Paper Market?
Globally, the high demand for machine glazed kraft papers has been encouraged by the rise in demand for eco-friendly packaging and the plastic ban turned out to be a major factor in the bolstered market growth of kraft paper, which propel the significant growth in the paper packaging market.
These days in the view of sustainable packaging, manufacturers are also utilizing paper as the alternative to plastics. A region like East Asia and Europe are the prime example of this, as they have banned plastics in their respective regions, so the utilization of paper makes them popular in the field of machine glazed kraft paper market.
E-commerce is also one of the dominant factors that drive growing demands for kraft paper, but it is not the only one. In countries like India and China, the demand for paper will rise across all sectors, including food & beverages, education, fast-moving consumer goods (FMCG), and healthcare.
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Competitive Landscape
To achieve a competitive edge, the market’s leading companies are striving to enlarge their global presence, expand their product offerings, and speed up the development process. Furthermore, most companies employ marketing strategies such as mergers and acquisitions to broaden their market reach and strengthen their position.
For instance,
- On March 08 2022, Elopak and Nippon Paper Industries have agreed to expand their partnership and advance their liquid-paper packaging activities by signing a Memorandum of Understanding (MoU).
- On December 20 2021, Verso announced that it will be acquired by BillerudKorsnäs to boost business in North America, Creates a cost and quality advantage for one of the major providers of virgin fibre paper and packaging.
- On January 5 2021, Mondi announced procurement of Olmuksan, a well-known Turkish corrugated packaging manufacturer. Mondi paid €66 million for 90.38 percent of Olmuksan International Paper Ambalaj Sanayi ve Ticaret A. (“Olmuksan” or the “Company”).
Key Companies Profiled
- 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
- Papelera de Brandia, S.A.
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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
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption /Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
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