The machine glazed kraft paper market is estimated to be valued at USD 13.54 Bn in 2024 and is expected to reach USD 18.68 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 13.54 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
4.70% |
2031 Value Projection: |
US$ 18.68 Bn |
Figure. Machine Glazed Kraft Paper Market Share (%), By Region 2024
Machine glazed kraft paper is a specially manufactured paper which undergoes a process of machine glazing that adds shine and smoothness to the paper's surface. It has long been used as a substitute for glassine due to its high gloss and strength. The paper is produced from chemical wood pulp which undergoes processing and calendaring to achieve its signature glossy finish. It has applications in various industries owing to its moisture resistance, strength, and ability to provide shelf appeal to products. Some key uses of machine glazed kraft paper include food packaging, tobacco packaging, chemical packaging, and luxury goods packaging.
Market Dynamics:
The machine glazed kraft paper market is driven by the growing demand from the food and tobacco packaging industries. Machine glazed kraft paper provides an affordable option for moisture proof and tamper proof packaging of food items as well as wrapping of tobacco products. It enhances the visual appeal of products due to its glossy texture. This has boosted its adoption rate among F&B and tobacco manufacturers. However, stringent environmental regulations regarding the use of plastic-coated papers restrains the market growth. Growing preference for sustainable packaging solutions acts as an opportunity for biodegradable machine glazed kraft paper manufacturers. Innovation regarding barrier properties and introduction of recyclable varieties can further provide new avenues in the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global machine glazed kraft paper market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global machine glazed kraft paper market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Loparex, Verso Corporation, Munksj, Mondi Plc, Smurfit Kappa Group Plc, Sappi Limited, Nippon Paper Group, Stora Enso Oyj., Heinzel Group, BillerudKorsnas AB, Asia Pulp & Paper (APP) Sinar Mas, Gascogne Papier SAS, Papelera de Brandia S.A., Burgo Group Spa, International Paper Company, and SCG Packaging
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global machine glazed kraft paper market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global machine glazed kraft paper market
Detailed Segmentation-
- By Product Type:
- Natural Kraft Paper
- Bleached Kraft Paper
- Recycled Kraft Paper
- By Application:
- Packaging
- Food Packaging
- Consumer Goods Packaging
- Industrial Packaging
- Labeling
- Others
- By End-Use Industry:
- Food & Beverages
- Consumer Goods
- Industrial
- Pharmaceuticals
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Loparex
- Verso Corporation
- Munksj
- Mondi Plc
- Smurfit Kappa Group Plc
- Sappi Limited
- Nippon Paper Group
- Stora Enso Oyj.
- Heinzel Group
- BillerudKorsnas AB
- Asia Pulp & Paper (APP) Sinar Mas
- Gascogne Papier SAS
- Papelera de Brandia S.A.
- Burgo Group Spa
- International Paper Company
- SCG Packaging