Machine Glazed Kraft Paper Market – Latest Research, Industry Analysis, Driving Force, Trends, Company Overview, Key Value, Demand and Forecast 2021-2030
Future Market Insights (IMF) provides key insights into the Machine Glazed Kraft Paper market in its report, which includes global industry analysis, size, share, growth, trends and forecast for 2020 -2030. According to the report, the market is expected to grow 1.6 times during the forecast period. By 2021, its overall valuation is expected to exceed $ 9.13 billion.
Growing demand from the food and beverage industry in response to increasing attention to sustainable packaging will continue to support growth. While lower sales are likely following the COVID-19 outbreak, a recovery is expected from 2022. IMF also predicts that the food and beverage sector will account for over 27% of market sales in the world. during the forecast period.
Key Points from Global Machine Glazed Kraft Paper Market Research
- After registering negative year-on-year growth in 2021, sales in the machine-wrapped kraft paper market are expected to recover from 2022
- Growing focus on sustainability will see the United States achieve over 80% of sales in North America by 2021
- UK market set to grow slightly above 1% year-on-year in 2021, following period of declining sales during pandemic
- Demand from Germany and France expected to increase after period of negative sales in 2020-21
- China is expected to dominate the East Asian market, but Japan is expected to grow faster
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âThe ability of machine-glazed kraft paper to provide unique strength, flexibility and printability makes it an ideal choice for packaging industrial and non-industrial products. The shift in focus towards strong but sustainable packaging solutions will create sales opportunities, âsaid a chief analyst at IMF.
High preference for environmentally friendly packaging to drive market growth
The growing preference for sustainable packaging has led to an increase in demand for packaging solutions that can also be recycled. Manufacturers of machine-glazed kraft paper are moving towards sustainable packaging and promoting environmentally friendly packaging. Manufacturers use paper materials as a sustainable packaging alternative to conventional plastic and metallized packaging solutions used in food, healthcare, personal care and cosmetics, building and construction, and household applications .
Bags and pouches, packaging, labels and non-stick liners, bags, envelopes, coating and lamination, cups and bowls, trays and the like (gift wrap and others.) Are produced from viable packaging materials such as machine-gloss bleached kraft paper. They pave the way for efficient and environmentally friendly packaging solutions around the world.
The initiatives of manufacturers operating in the global machine-glazed kraft paper market will further encourage consumers to adopt sustainable packaging products. A growing trend for such environmentally friendly machine-enameled kraft paper solutions and stringent government regulations for environmentally friendly packaging formats in various countries are ultimately fueling the growth of the machine-enameled kraft paper market. .
Moreover, the change in the adoption of flexible packaging instead of rigid packaging across the world is responsible for the growth of the Machine Glazed Kraft Paper market. There is an increasing penetration of machine-glazed bleached kraft paper for packaging food and beverages, personal care and cosmetic products, textiles and other industrial products in the Asian region of the l ‘East.
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Who is winning in the machine-glazed kraft paper market?
Manufacturers of machine-glazed kraft paper are constantly focused on innovation. Increased investment in research and development has resulted in the advent of packaging formats that are characterized by odor neutrality and strong odor and come with a moisture resistance option for high barrier protection. against the effects of oxygen and humidity. Additionally, machine-glazed bleached kraft papers provide a compostable and sustainable functional choice with excellent aesthetic and surface properties, enabling market growth.
Mondi Plc, Smurfit Kappa Group Plc, Nippon Paper Industries Co, Ltd., Stora Enso Oyj., BillerudKorsnÃ¤s AB, Gascogne Papier SAS, Sappi Limited, Asia Pulp & Paper (APP) Sinar Mas, Heinzel Group and Papelera de Brandia, SA are leading players in the machine-glazed kraft paper market.
Scope of Machine Lined Kraft Paper Market Report
|Historical data available for||2015-2019|
|Market analysis||Millions USD for value and ‘000 tonnes for volume|
|Key regions covered||North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), Oceania.|
|Key countries covered||United States, Canada, Germany, United Kingdom, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, India, ASEAN, Brazil, Mexico, Australia, New Zealand, GCC countries, Turkey, South Africa North, South Africa.|
|Key segments covered||Basis weight, quality, end use, application and region.|
|Key companies profiled||Mondi PlcSmurfit Kappa Group PlcSappi LimitedNippon Paper GroupStora Enso Oyj.Heinzel GroupBillerudKorsnÃ¤s ABAsia Pulp & Paper (APP) Sinar Mas|
|Cover of the report||Market forecasting, brand share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives|
|Personalization and prices||Available on demand|