New York, United States, Jan. 11, 2023 (GLOBE NEWSWIRE) -- According to a research report published by Spherical Insights & Consulting, the Global Machine Glazed Kraft Paper Market Size to grow from USD 12.62 billion in 2021 to USD 19 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5% during the forecast period. The machine-glazed kraft paper market has grown because of its high strength and ideal combination of gloss and smoothness. In addition, the growing variety of applications from numerous end-use sectors, including healthcare, food and beverage, automotive, textile, and personal care, as well as increased desires for superior printing quality and sustainable packaging is also contributing to the market expansion.
Key Insights
- The global machine-glazed kraft paper market was valued at USD 12.62 billion in 2021.
- The market is growing at a CAGR of 5% from 2022 to 2030
- The global machine-glazed kraft paper market is expected to reach USD 19 billion by 2030
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View a detailed Table of Content here–
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The kraft paper segment to account for the largest market size during the forecast period
Based on the product type, the global machine-glazed kraft paper market is categorized into Kraft Paper and Tissue Paper. The kraft paper segment to account for the largest market size during the forecast period. Kraft sheets that have been machine-glazed are excellent for packing since they are durable, economical, and environmentally friendly. As consumers become more aware of the environmental burden, they gravitate toward eco-friendly businesses and products, including kraft paper packaging. So, over the past few years, certain retail establishments have begun adopting machine-coated kraft paper bags.
Browse key industry insights spread across 198 pages with 203 market data tables and figures & charts from the report “Global Machine Glazed Kraft Paper Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Kraft Paper and Tissue Paper) By Basis Weight ( Up to 40 GSM, 71 to 100 GSM, 41 to 70 GSM and Above 100 GSM) By Grade ( Unbleached and Bleached ) By Application ( Bags and Pouches, Sacks, Labels and Release Liners, Wraps, Coating and Lamination, Envelops, Trays and Bowls and Others) By End-user (Food and Beverages, Electrical and Electronics, Automotive, Healthcare, Personal Care and Cosmetics, Textile, Building and Construction, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) Analysis and Forecast 2022 – 2030.” in detail along with the table of contents. https://www.sphericalinsights.com/reports/machine-glazed-kraft-paper-market
The wraps segment to hold a higher CAGR during the forecast period
Based on the application, the global machine-glazed kraft paper market is categorized into Bags and Pouches, Sacks, Labels and Release Liners, Wraps, Coating, and Lamination, Envelops, Trays & Bowls, and Others. The wraps segment to hold a higher CAGR during the forecast period. Because it perfectly complies with all packaging standards, machine-glazed paper is highly sought after by end-use industries for a variety of packaging applications. Manufacturers of machine-glazed paper have a wide range of opportunities, including product development, capacity expansion, the use of commercial wood waste in the production of MG paper, and many more.
The food and beverages segment to hold a higher CAGR during the forecast period.
Based on the end-user, the global machine-glazed kraft paper market is categorized into Food and Beverages, Electrical and Electronics, Automotive, Healthcare, Personal Care and Cosmetics, Textile, Building and Construction, and Others. The food and beverages segment to hold a higher CAGR during the forecast period. The market for machine-glazed kraft paper is growing as a result of an increase in aesthetically pleasing and environmentally friendly packaging across many end-use sectors worldwide, particularly in emerging economies. Some of the most important uses are in the food and beverages industries.
Report Scope
| Report Metric | Details |
| Market Size 2030 | USD 12.62 Billion |
| CAGR | 5% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Segments Covered | By Product Type, By Basis Weight, By Application, By End-user, By Region, COVID-19 Impact Analysis |
| Report Coverage | Drivers, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa and Rest of the World |
| Key Companies Profiled/Vendors | The Mondi Group, BillerudKorsnas, SCG Packaging, Gascogne, KapStone, WestRock, Segezha Group, Smurfit Kappa, Nordic Paper, Tolko Industries, Canfor Corporation, Oji Holding, Fujian Qingshan Paper, Tokushu Tokai Paper, |
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Market Segment
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global machine-glazed kraft paper market based on the below-mentioned segments:
Global Machine Glazed Kraft Paper Market, By Product Type
- Kraft Paper
- Tissue Paper
Global Machine Glazed Kraft Paper Market, By Basis Weight
- Up to 40 GSM
- 71 to 100 GSM
- 41 to 70 GSM
- Above 100 GSM
Global Machine Glazed Kraft Paper Market, By Grade
- Unbleached
- Bleached
Global Machine Glazed Kraft Paper Market, By Application
- Bags and Pouches
- Sacks
- Labels and Release Liners
- Wraps
- Coating and Lamination
- Envelops
- Trays and Bowls
- Others
Global Machine Glazed Kraft Paper Market, By End-user
- Food and Beverages
- Electrical and Electronics
- Automotive
- Healthcare
- Personal Care and Cosmetics
- Textile
- Building and Construction
- Others
Regions Covered
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
List of Key Market Players:
- The Mondi Group
- BillerudKorsnas
- SCG Packaging
- Gascogne
- KapStone
- WestRock
- Segezha Group
- Smurfit Kappa
- Nordic Paper
- Tolko Industries
- Canfor Corporation
- Other
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Market News
- On March 8, 2022, Elopak and Nippon Paper Industries signed a Memorandum of Understanding, to advance their partnership and liquid-paper packaging efforts (MoU).
- On December 20, 2021, Verso stated that BillerudKorsnäs would purchase the company in order to expand its operations in North America and give one of the largest producers of virgin fibre paper and packaging a competitive edge in terms of price and quality.
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FAQs are covered of Machine Glazed Kraft Paper Market
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