Global Machine Glazed Kraft Paper Market Size To Grow USD 19 Billion By 2030 | CAGR of 5%

Global Machine Glazed Kraft Paper Market worth $19 billion by 2030

According to a research report published by Spherical Insights & Consulting, the Global Machine Glazed Kraft Paper Market Size to grow from USD 12.62 billion in 2021 to USD 19 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5% during the forecast period.  The machine-glazed kraft paper market has grown because of its high strength and ideal combination of gloss and smoothness. In addition, the growing variety of applications from numerous end-use sectors, including healthcare, food and beverage, automotive, textile, and personal care, as well as increased desires for superior printing quality and sustainable packaging is also contributing to the market expansion.

Browse key industry insights spread across 198 pages with 203 market data tables and figures & charts from the report ”Global Machine Glazed Kraft Paper Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Kraft Paper and Tissue Paper) By Basis Weight ( Up to 40 GSM, 71 to 100 GSM, 41 to 70 GSM and Above 100 GSM) By Grade ( Unbleached and Bleached ) By Application ( Bags and Pouches, Sacks, Labels and Release Liners, Wraps, Coating and Lamination, Envelops, Trays and Bowls and Others) By End-user (Food and Beverages, Electrical and Electronics, Automotive, Healthcare, Personal Care and Cosmetics, Textile, Building and Construction, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) Analysis and Forecast 2022 – 2030.“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/machine-glazed-kraft-paper-market

View a detailed Table of Content here–

On credit portfolios, the COVID-121.9 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and businesses in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programmes. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.

The kraft paper segment to account for the largest market size during the forecast period

Based on the product type, the global machine-glazed kraft paper market is categorized into Kraft Paper and Tissue Paper. The kraft paper segment to account for the largest market size during the forecast period. Kraft sheets that have been machine-glazed are excellent for packing since they are durable, economical, and environmentally friendly. As consumers become more aware of the environmental burden, they gravitate toward eco-friendly businesses and products, including kraft paper packaging. So, over the past few years, certain retail establishments have begun adopting machine-coated kraft paper bags.

The wraps segment to hold a higher CAGR during the forecast period

Based on the application, the global machine-glazed kraft paper market is categorized into Bags and Pouches, Sacks, Labels and Release Liners, Wraps, Coating, and Lamination, Envelops, Trays & Bowls, and Others. The wraps segment to hold a higher CAGR during the forecast period. Because it perfectly complies with all packaging standards, machine-glazed paper is highly sought after by end-use industries for a variety of packaging applications. Manufacturers of machine-glazed paper have a wide range of opportunities, including product development, capacity expansion, the use of commercial wood waste in the production of MG paper, and many more.

The food and beverages segment to hold a higher CAGR during the forecast period.

Based on the end-user, the global machine-glazed kraft paper market is categorized into Food and Beverages, Electrical and Electronics, Automotive, Healthcare, Personal Care and Cosmetics, Textile, Building and Construction, and Others. The food and beverages segment to hold a higher CAGR during the forecast period. The market for machine-glazed kraft paper is growing as a result of an increase in aesthetically pleasing and environmentally friendly packaging across many end-use sectors worldwide, particularly in emerging economies. Some of the most important uses are in the food and beverages industries.

Asia- Pacific is estimated to account for the highest market share in 2022.

The Global Machine Glazed Kraft Paper Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East and Africa. Machine-glazed paper producers worldwide have expanded their operations in Asia due to the region's access to cheap labour and output. The environmental movement is also quickly taking up in Asia. The area has made a significant difference in beverage packaging that makes environmental claims. China dominates the Asia-Pacific machine-glazed paper market as a result of the low cost of the product and the abundance of manufacturers in the area. Many foods and beverage experts in Asia have noticed a rising need for environmentally friendly packaging for meals and beverages consumed while travelling and at restaurants. North America to hold a higher CAGR during the forecast period.

Major vendors in the Global Machine Glazed Kraft Paper Market include The Mondi Group,

BillerudKorsnas, SCG Packaging, Gascogne, KapStone, WestRock, Segezha Group, Smurfit Kappa, Nordic Paper, Tolko Industries, Canfor Corporation, Oji Holding, Fujian Qingshan Paper, Tokushu Tokai Paper, Natron-Hayat, Daio Paper, Horizon Pulp & Paper, Chuetsu Pulp & Paper, Copamex, Forsac, Georgia-Pacific, and Primo Tedesco.

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