F&B Sector to Account for Over 1/4th of Machine Glazed Kraft Paper Sales through 2031, Driven by Focus on Sustainable Packaging: New Study
Future Market Insights (FMI) delivers 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 by 1.6x during the forecast period. By 2021, its overall valuation is projected to surpass US$ 9.13 Bn.
Machine Glazed Kraft Paper Market
A recent market report published by FMI on the machine glazed kraft paper market provides ...
The rising demand from the food and beverages sector in response to increasing focus on sustainable packaging will continue aiding growth. While drop in sales is likely following COVID-19 outbreak, recovery is expected 2022 onwards. FMI also forecasts the food & beverages sector to account for over 27% of sales in the market through the forecast period.
Key Takeaways of Global Machine Glazed Kraft Paper Market Study
- After registering negative y-o-y growth in 2021, sales in machine glazed kraft paper market is expected to recover 2022 onwards
- Rising focus on sustainable will enable the U.S. account for over 80% sales in North America in 2021
- The U.K. market is expected to register a little above 1% y-o-y growth in 2021, following a period of declining sales amid pandemic
- Demand from Germany and France is expected to increase following a period of negative sales in 2020-21
- China is expected to dominate East Asia market, yet Japan is likely to register growth at a higher rate
“The ability of machine glazed kraft paper to provide exclusive mechanical strength, flexibility, and printability makes it an ideal choice for packaging of industrial and non-industrial goods. Shifting inclination towards strong yet sustainable packaging solutions will create sales opportunities,” said a lead analyst at FMI.
High Preference for Environment-friendly Packaging to Bolster Market Growth
Rising preference of sustainable packaging has led to an increase in demand for packaging solutions that can also be recycled. Machine glazed kraft paper manufacturers are inclining towards sustainable packaging and are promoting environment-friendly packaging. Manufacturers are using paper materials as a sustainable packaging alternative to conventional plastic and metallized packaging solutions used in food, healthcare, personal care & cosmetics, building & construction, and household applications.
Bags & pouches, wraps, labels & release liners, sacks, envelopes, coating & lamination, cups & bowls, trays, and others (gift wrap and others.) are produced from viable packaging materials such as machine glazed kraft paper. They are shaping way for the efficient environment-friendly packaging solutions across the world.
Initiatives by manufacturers operating in the global machine glazed kraft paper market will further encourage consumers to adopt sustainable packaging products. Increasing inclination for such environment-friendly machine glazed kraft paper solution and stringent government regulations regarding green packaging formats across various countries are ultimately fueling the machine glazed kraft paper market growth.
Moreover, the shift in the adoption of flexible packaging instead of rigid packaging across the globe is responsible for driving the machine glazed kraft paper market growth. There is an increasing penetration of machine glazed kraft paper for packaging of food & beverages, personal care & cosmetics products, textile and other industrial products in the East Asian region.
Who is Winning?
The manufacturers of machine glazed kraft paper are continuously focusing on innovation. Rising investment in research and development, resulted in the advent of packaging formats that feature odor neutrality and high taint and come with an option of wet-strength for high barrier protection against the effects of oxygen and moisture. Furthermore, machine glazed kraft papers offer a compostable and sustainable functional choice with excellent aesthetic and surface properties, which is enabling growth in the market.
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, and Papelera de Brandia, S.A. are prominent players in the Machine Glazed Kraft Paper market.
Global Machine Glazed Kraft Paper Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global machine glazed kraft paper market, analysing historical demand from 2015-2019 and forecast statistics for 2020–2030. The study reveals growth projections on the machine glazed kraft paper market on the basis of basis weight (18 to 30 GSM and above 30 GSM), by grade (unbleached and bleached), by application (bags & pouches, sacks, wraps, labels & release liners, envelopes, coating & lamination, trays, cups & bowls and others (gift wrap etc.)) and by end use (food & beverages, healthcare, electrical & electronics, automotive, personal care & cosmetics, textile, building & construction and household) across seven regions.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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