×
Sunday, November 27, 2022

Machine Glazed Kraft Paper Market is forecasted to expand at a CAGR of 6% in forecast period 2022-2030

Last updated Thursday, November 10, 2022 02:20 ET , Source: Future Market Insights, Inc.

Newark, United States, 11/10/2022 / Future Market Insights, Inc. /

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.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13035

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.

Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-13035

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.

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-13035

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

Related Reports

Rice Paper Stand Up Pouch Market: The rice paper stand-up pouch market is estimated at US$ 56.5 Billion in 2022 and secure a value of US$ 101.2 Billion 2032

Kraft Paper Machine Market: The kraft paper machine mainly consists of three sectional systems namely forming section, press section, drying section and lastly the calendar section

Flexible Packaging Paper Market:  The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022-2032

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

The post Machine Glazed Kraft Paper Market is forecasted to expand at a CAGR of 6% in forecast period 2022-2030 appeared first on Future Market Insights.

Original Source of the original story >> Machine Glazed Kraft Paper Market is forecasted to expand at a CAGR of 6% in forecast period 2022-2030


This content is published on behalf of the above source. Please contact them directly for any concern related to the above. 

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.