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Global Machine Glazed Paper Market was evaluated at US$ XX in 2019 and is anticipated to exhibit a CAGR of 4.3% to reach the market value of 16.67 Bn till 2028
Machine glazed is an uncoated paper that has glossy look on one side and a considerably rough exterior on the other side. It combines great tensile strength features of Kraft paper together with evenness and glows for superior printability. Approximately one third of the worldwide consumed machine glazed paper is utilized in packaging, mainly bags, sacks, and purses.
Rising Urbanization across the Globe Growing Food and Beverages Industry and Numerous Application of Machine Glazed Paper in the Food And Beverage Industry are Boosting the Market Growth
Machine glazed paper finds extensive use in packaging that comes in direct contact with foodstuffs, such as cookies, cakes, hamburgers, bread, and others. Packaging arrangements made of machine glazed paper offer a glossy and smooth appearance and, most prominently, guarantee maximum security, sterility, and cleanness. Such essentials assisted in boosting the acceptance of machine glazed paper in automotive, healthcare, food & beverages, electrical & electronics, and several other end-use industries. This gives a boost to the requirement of the machine glazed paper, consequently, assists to accelerate the market growth.
The machine glazed paper market has observed an extended interest in the past few years, ensuing in a uniform development however, at a modest speed. This uptick in requirement can be credited to the utilization of machine glazed paper in the food and beverage business, which has had an assertive influence on the global machine glazed paper market.
Furthermore, applications of glazed paper in the mnaufacturing of sacks, bags & purses, cups, wraps, labels & liners, bowls, envelopes, & trays is anticipated to proceed to power the business of machine glazed paper over the customer products and packaging businesses. Besides, several other significant end uses in automotive, household, healthcare, electrical & electronics, construction & building, textile, household, and food & beverage industries will continue to be the predominant promoter for the growth of machine glazed paper market.
Food And Beverage Segment To Continue A Foremost End-Use Industry
The packaging industry is rapidly embracing machine glazed paper for numerous applications. The food and beverage will continue to be a prominent segment. This segment grasps a fourth of the complete market worth, worldwide. This is due to the extending customer inclination for food and beverage commodities that are wrapped or packed in sustainable and biodegradable formats. This growing preference is likely to boost the food and beverage industry in the forthcoming years. The booming online food distribution services division in emerging nations is further anticipated to add to the expansion of the market.
Asia Pacific Region is expected to lead the market during the Forecast Period
In the Asia-Pacific region, there has been a significant increase in the number of real estate and infrastructure advancement ventures in the preceding few years. The large pace of urbanization in the region has augmented the demand for building materials. In addition, the region has observed an increased number of Public-Private Partnership projects in current years, which have expanded expenses, both regional and international, in the construction division. These circumstances are further expected to expand the requirement for machine glazed paper throughout the projection period.
The Asia Pacific machine glazed paper market have a huge number of packaging companies and usage of machine glazed paper in countries such as India and China. China is one of the prominent countries in supplying packaging products at cost-efficient charges. The nation has a huge group of producers and a resilient customer base for packaging industry, which is expected to generate profitable growth opportunities for the machine glazed paper market in Asia Pacific region.
Key players functioning in the global machine glazed paper market are SCG Packaging, Papelera de Brandia, S.A., International Paper APPM Ltd., Asia Pulp & Paper, BPM Inc., Burgo Group SPA, Verso Corporation, Twin Rivers Paper Company, Heinzel Group, BillerudKorsnäs AB, SPE Flexibles, Charta Global, Mondi Group, Stora Enso Oyj, Gascogne Papier, Smurfit Kappa Group, Laufenberg GMBH, Thai Paper Mill Company Limited, Nippon Paper Industries Co., Ltd., and Daio Paper Corporation.
Global Machine Glazed Paper Market Segmentation
Global Machine Glazed Paper Market, by Paper Type
- Tissue Paper
- Kraft Paper
Global Machine Glazed Paper Market, by Basis Weight
- Up to 40 GSM
- 41 to 70 GSM
- 71 to 100 GSM
- Above 100 GSM
Global Machine Glazed Paper Market, by Grade
Global Machine Glazed Paper Market, by Application
- Bags & Pouches
- Labels & Release liners
- Coating & Lamination
- Trays, cups & bowls
- Others (Gift Wrap etc.)
Global Machine Glazed Paper Market, by End-use
- Food & Beverages
- Electrical & Electronics
- Personal care & Cosmetics
- Building & Construction
Global Machine Glazed Paper Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa