Versatile Applications Drive Growth: Glassine Paper Market to Expand by 1.6X, Serving Industries from Food Packaging to Pharmaceuticals

In 2023, it is anticipated that the glassine paper market will expand favorably, with global sales rising 3.2% year over year. According to a recent market analysis by Future Market Insights (FMI), glassine paper sales are expected to expand by almost 1.6X between 2023 and 2033, from US$ 3.08 billion in 2023 to US$ 4.99 billion in 2033, with a stable 4.9% CAGR.

A type of paper known as "glassing paper" is produced from chemically bleached pulp and is frequently translucent, smooth, and glossy. It is employed in a number of industries, including personal care, pharmaceuticals, and food packaging.

The growing need for packaging materials in the food and beverage industry is one of the main reasons driving market expansion. Packaging for a variety of foods, including confections, baked goods, and snacks, uses glassing paper. The food and beverage industry is expanding quickly.
Urbanization and the growing population are significant drivers of the sector. The food and beverage business is anticipated to benefit from both the rise in disposable income and the changing lifestyles of customers. As a result, it is anticipated that the expansion of the global food and beverage industry will also increase demand for glassine paper.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5113

Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper which is made for the safe and hygienic packaging of eatables and drinkables. Moreover, increasing demand for food & beverages is resulting in the high usage of safe packaging materials, which is further augmenting the growth of the glassine paper market.

Growing consumer awareness regarding quality and safety of food and beverages is bossting demand for safe packaging materials. This is anticipated to continue fueling sales of glassine paper during the forecast period.

Glassine Paper Market- Key Takeaways

*Based on material type, the unbleached glassine paper segment is expected to offer a total incremental opportunity of US$ 766.4 Mn during the assessment period.
*In terms of application, the cups and wrappers segment is projected to hold 27.5% of the global glassine paper market share, while the tapes and labels segment is projected to create an incremental opportunity of US$ 444.1 Mn.
*By end use, the printing and publication segment is expected to exhibit a 6.2% CAGR through 2021. The pharmaceutical segment is expected to attract an incremental opportunity of US$ 440.9 Mn in the forthcoming years.
*Emerging markets in East Asia and Latin America are projected to witness high demand for glassine paper, owing to increasing usage in ready-to-eat meals, holding more than 22% of the market share by the end of 2021.

"Recycling is a sustainable method to preserve environmental quality and reduce carbon footprint. Recyclability, sustainability and eco-friendliness of glassine paper will continue driving its applications in various end use industries through 2031. Glassine paper market is expected to expand with a YOY growth of 3.9% during the years 2021 - 2022," says the FMI analyst.

Increasing Sales of Waxed Papers to Fuel Glassine Papers Market Growth

Glassine paper can be used as waxed paper, once coated with wax on its surface. Waxed papers provide an economical choice for primary food packaging not only because of their versatility but also because of their safety as tasteless, odorless, non-toxic, and relatively inert materials.

Applications of waxed glassine paper in conventional packaging applications include: delicatessen pickup sheets; box liners; cover, scale, and utility sheets; patty papers; sandwich wraps; and bags, laminations to other papers and paperboard for food trays, locker papers, carryout cartons, food pails, baking cups, folding cartons, cereal liners, and folding carton overwrap. The varied applications of waxed papers are expected to boost sales of glassine paper in forthcoming years.

Food Packaging Will Continue Spurring Demand for Glassine Paper

The exponential rise of the food industry is being witnessed in all parts of the globe, due to the rise in consumer awareness about the quality of food and safety of the food while it is being delivered to the end user. The demand for safe packaging materials is high.

The growing food delivery chains ensures that the food packaging is non-reactant to the food so that the consumer can enjoy the food without getting any reaction or harm.

Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper is made for the safe and hygienic packaging of eatables and drinkables. Moreover, the high demand for food & beverages is resulting in the high usage of safe packaging materials, which is gradually resulting in the growth of the glassine paper market.

Ask an Analyst: https://www.futuremarketinsights.com/askus/rep-gb-5113

Glassine Paper Market by Category

By Material Type:

         Bleached
         Unbleached

By Application:

         Cups & Wrappers
         Soap Wrapping
         Flower Wrapping
         Binding Paper
         Tapes & Labels
         Envelopes
         Other Applications (Interleaving Paper, etc.)

By End Use:

         Food

o    Bakery & Confectionery

o    Ready to Eat Meals

o    Others (Snacks, etc.)

         Pharmaceutical
         Personal Care
         Printing & Publication
         Chemical
         Other Consumer Goods

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA

About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.