The global machine-glazed kraft paper market is anticipated to be valued at around USD 8.67 billion in 2022 and approximately USD 14.62 billion by 2030, with a compound annual growth rate (CAGR) of approximately 6.75% between 2023 and 2030.
Overview of the Machine-Glazed Kraft Paper Market
This sort of paper is referred to as “machine-glazed kraft paper” (sometimes shortened as “MG kraft paper”). One side has a shiny appearance and is uncoated, whereas the other side has a rough surface and appears to be the reverse. These materials provide an exceptional shine for printability while retaining the strong tensile strength of standard kraft paper. As a result, they provide dual benefits that are helpful in and of themselves. They are highly favored for a wide range of packaging applications since it is well-known that they are safe to use for packing food items.
As a result, the usage of medium-grade kraft paper in the manufacturing industry to ensure the safety of dry food commodities such as cereals, sugar, and flour is rapidly expanding. Aside from these benefits, machine-glazed kraft papers have a natural feel and appearance, a higher degree of smoothness, a higher degree of gloss, and are particularly environmentally friendly. The industry that manufactures and distributes machine-glazed kraft paper, also known as MG kraft paper, is increasing at a steady rate.
Market Dynamics for Machine-Glazed Kraft Paper
The key element driving market growth is the rise of shopping bag applications within the textile sector.
The global market for machine-glazed kraft paper is expected to grow as a result of the product’s increasing use in the textile industry in the form of shopping bags. Prior to a few years ago, a large number of enterprises in the retail or clothes distribution industries used one or more types of plastic packaging. However, because plastic is extremely harmful to the environment, local governments have launched a number of programs and initiatives to encourage firms to invest in sustainable and ecologically friendly kinds of packaging.
Segmentation of the Machine-Glazed Kraft Paper Market
Many factors, such as application, weight, grade, and geographic location, separate the global market for machine-glazed kraft paper into submarkets.
Wraps, bags and pouches, envelopes, labels and release liners, sacks, and other applications comprise the various sectors of the global market. The bags and pouches segment grew the most in 2022, owing to increased product use in the textile and personal care sectors. It is feasible that increasing plastic prices and decreasing customer desire for single-use packaging solutions will drive segmental growth. Plastic bag consumption in Ireland has already reduced by 90.1% in recent years.
Regional Analysis of the Machine-Glazed Kraft Paper Market
Asia-Pacific will have the highest expansion in the near future.
During the projected period, Asia-Pacific is expected to lead the global market for machine-glazed kraft paper. This is mostly due to the rise of the area’s paper sector, particularly in China. The country’s paper-making industry has experienced amazing growth, with forecasts indicating that by 2030, it will occupy more than 43.15 percent of the regional market share. China’s economy has the potential to increase due to a number of factors, one of which is the increasing need for machine-glazed kraft paper in the packaging industry. A burgeoning e-commerce industry and an excellent production line are driving this demand. Furthermore, countries and regions such as Japan, South Korea, and India are expected to have higher outcomes driven by the food and beverage industry.
Machine Glazed Kraft Paper Market: Competitive Analysis
The global machine glazed kraft paper market is led by players like:
Smurfit Kappa Group
SCG Packaging Public Company Limited
Thai Containers Group Co. Ltd.
DS Smith Plc
KAPSTONE Paper and Packaging Corporation
Nippon Paper Industries Co. Ltd.
Oji Holdings Corporation
Nine Dragons Paper Holdings Limited
International Paper Company
Rengo Co. Ltd.
Mets Board Corporation
Emami Paper Mills Ltd.
The global machine-glazed kraft paper market is segmented as follows:
Labels Release Liners
Above 30 GSM
18 to 30 GSM
Personal Care Cosmetics
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East Africa
Rest of Middle East Africa
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