Machine Glazed Paper Market Overview, Data Updates, Reports Analysis & Forecast | FMI
The machine-glazed paper market is poised for substantial growth with a projected 4.6% compound annual growth rate (CAGR) from 2023 to 2033, reaching a market value of US$ 21.63 billion by the end of this period. This surge can be attributed to the escalating demand for eco-friendly packaging solutions, driven by mounting environmental concerns.
Over the past two decades, the machine glazed paper industry has expanded rapidly, spurred by the need for sustainable packaging materials. While packaging materials such as plastic and metal have been widely used for their cost-effectiveness and lightweight properties, the detrimental environmental impact of plastic has come into stark focus.
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Plastic packaging, which accounts for a significant portion of global plastic production, contributes to environmental pollution and endangers marine life. Governments worldwide are responding by implementing stringent regulations to curtail plastic usage, particularly in packaging.
Concurrently, a heightened global awareness of issues like climate change and pollution has prompted businesses to adopt sustainable packaging alternatives, with machine glazed paper emerging as a robust contender. This sturdy paper variant is ideal for packaging food items, ensuring both product safety and environmental responsibility.
In this evolving landscape, the shift from plastic to paper-based packaging reflects a collective commitment to combat pollution, conserve marine ecosystems, and mitigate the impact of climate change. As consumers and industries increasingly prioritize sustainability, the machine glazed paper market is set to play a pivotal role in the transformation of the packaging industry.
On the other hand, increased levels of investment in biodegradable packaging and programs encouraging sustainable packaging are likely to generate attractive potential prospects, resulting in the machine glazed paper market expanding throughout the forecast period.
High recycling prices and raw material price volatility are projected to stymie the expansion of the machine glazed paper market over the forecast period. The increasing difficulty in eliminating the residue left behind is expected to be the primary hurdle for industry expansion.
Key Points:
- One of the factors driving the machine-glazed papers market is the increasing demand for the product due to its high strength and ideal combination of gloss and smoothness.
- The machine-glazed paper market is expected to record a CAGR of 4.6% during the forecast period 2023 to 2033.
- Asia Pacific dominated the machine-glazed paper market.
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Key Segments
By Basis Weight:
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
By Paper Type:
- Tissue Paper
- Kraft Paper
By Grade:
- Unbleached
- Bleached
By Application:
- Bags & Pouches
- Sacks
- Wraps
- Labels
- Release Liners
By End User:
- Food & Beverages
- Healthcare
- Electrical & Electronics
- Automotive
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia