Machine Glazed Paper Market to Hit USD 22,353.6 Million by 2034, Growing at a 4.6% CAGR | FMI

The global machine glazed paper market is forecasted to experience robust growth, with an estimated market value of USD 14,300.2 million in 2024. Projections indicate the market will continue to expand, reaching USD 22,353.6 million by 2034, representing a compound annual growth rate (CAGR) of 4.6% over the next decade.

In 2023, the market generated USD 13,645.2 million in revenue, and it is anticipated to achieve a year-on-year growth rate of 4.2% in 2024. This growth is driven by the increasing demand for machine glazed (MG) paper across various industries, particularly in the food and beverage sector.

The food and beverage industry is expected to be the largest consumer of machine glazed paper, with an incremental opportunity of USD 2,370.3 million over the next ten years. MG paper's unique combination of durability and aesthetic appeal makes it a preferred choice for packaging, especially in bakery products, confectionaries, and fast food items.

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Packaging plays a critical role in consumer purchasing decisions, and MG paper's ability to balance functionality with attractive presentation on shelves makes it indispensable for many brands.

In 2024, the food and beverage sector is projected to capture approximately 25% of the total machine glazed paper market share. This significant demand highlights the importance of MG paper in creating packaging solutions that not only protect the product but also enhance its visual appeal, thus influencing consumer choices.

The machine glazed paper market is also set to benefit from growth in the healthcare, retail, and automotive sectors. MG paper is valued in these industries for its excellent printability, gloss surface, and versatility in branding applications. As companies in these sectors increasingly recognize the benefits of MG paper in their packaging, its demand is expected to rise, contributing to the overall market expansion

Key Takeaways: Machine Glazed Paper Market

• The machine glazed paper industry recorded a CAGR of 1.7% during the period from 2019 to 2023.
• The industry reached a market value of USD 13,645.2 million in 2023.
• According to AMA, the overall healthcare spending in the USA in 2022 was USD 4,464.4 billion, which marked a 4.1% increase from the previous year.
• The Indian food and beverage industry was valued at USD 33.7 billion in 2023, as per the India Brand Equity Foundation.
• The market for Kraft paper machine glazed paper is predicted to reach USD 11,308.2 million in 2024 and capture 79.2% of the market share.
• The 71 to 100 GSM machine glazed paper segment is expected to generate an incremental opportunity worth USD 3,421.0 million over the next 10 years, with a projected CAGR of 4.5%.

Competitive Landscape

Key players in the machine glazed paper market are investing in new technologies for increased sustainability and customization of machine glazed paper goods to suit consumer demand and circular economy standards, as well as forming collaborations. Key machine glazed paper providers have also been acquiring smaller players to expand their position and penetrate the machine glazed paper market in numerous regions.

Recent Industry Developments in the Machine Glazed Paper Market

• In August 2023, Nippon Paper Industries Co., Ltd. and Daio Paper Corporation collaborated on sea transport to improve product delivery between the capital region and Kansai area.
• In August 2023, Billerud launched a new product portfolio of strong coated white top kraftliners, benefiting both converters and brand owners with enhanced sustainability cost performance. This entrance into the United States market is part of the company's North American expansion strategy.
• In July 2023, Mondelēz International invested approximately €16 million in FunctionalBarrier Paper Ultimate, a revolutionary technology that addresses consumer demand while simultaneously contributing to the circular economy.
• In May 2023, Smurfit Kappa invested over €40 million on a corrugated plant as part of its expansion strategy in Poland. This investment resulted in growth, making it the most advanced packaging facility in Europe.

Key Players of the Machine Glazed Paper Industry

• Smurfit Kappa Group
• Nippon Paper Industries Co., Ltd
• Stora Enso Oyj
• Mondi Group Plc
• BillerudKorsnas AB
• Heinzel Group
• Gascogne Papier SAS
• Twin Rivers Paper Company
• Burgo Group Spa
• SCG Packaging
• BPM Inc
• Mosaico S.p.A.

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Key Segments of the Machine Glazed Paper Industry

By Basis Weight:

In terms of basis weight, the industry is divided into Up to 40 GSM, 41 to 70 GSM, 71 to 100 GSM, and Above 100 GSM.

By Paper Type:

In terms of paper type, the industry is segregated into tissue paper and kraft paper.

By Grade:

By grade, the market is divided into unbleached and bleached.

By Application:

By grade, the market is divided into bags & pouches, sacks, wraps, labels & release liners, envelopes, coating & lamination, trays, cups & bowls, and others (gift wrap etc.).

By End Use:

The market is classified by end uses such as food & beverages, healthcare, electrical & electronics, automotive, personal care & cosmetics, textile, building & construction, and household.

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa, and Oceania have been covered in the report.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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