Surging demand for packaging materials in food, beverage, buildings, and healthcare industry becomes the prime driving factor for machine glazed paper production.
DUBAI, UAE / ACCESSWIRE / September 29, 2020 / The machine glazed paper market is expected to surpass US$ 1.2 billion by 2026.When talking about packaging market, adoption of machine glazed papers, key players account for almost 25% market share on basis of revenue. Due to the increment in need for convenient packaging solutions in food and beverage or retail industries, demand is gaining popularity in the market.
"Availability of wide range of end-use and higher preference for sustainable packaging solutions across the world, has surged the demand for machined glazed papers. Unbleached papers are a greater contributor of revenue, this has also helped the manufacturers get an insight about the kind of production this market demands," says the FMI Analyst.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-7900
Machine Glazed Paper Market - Key Highlights
- East Asian region is expected to register highest CAGR among others in the upcoming years. North America to present lucrative opportunities too.
- According to research analysts at FMI, machine glazed paper market is expected to expand at a CAGR of 4.5% through 2028.
- Competitive leading players cover 25% of the total market revenue.
- Application wise, bags, pouches and envelopes will cover more than US$ 1.2 billion in the upcoming years.
Machine Glazed Paper Market - Driving Factors
- Food and beverage packaging industries require a great deal of convenient packaging solutions for on-the-go or take-away food orders.
- Consumer - attractive advanced solutions and various printed patterns without deterioration for paperboard and corrugated packets is also driving the market.
- Availability of cost-efficient labours and increased production in East Asia, has caused the market to dominate in this region.
- The convenience of eco-friendly packaging has influenced beverage industries, thereby, bringing in new opportunities.
Machine Glazed Paper Market - Key Restraints
- Deforestation, for the production of raw material is acting as a major restraint.
- Unbleached papers fail to protect items from grease, thereby destroying wet food items.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-7900
Expected Impact on Market by Coronavirus Outbreak
Machine glazed paper market might experience considerable pressure due to reduced production. In times like these, social distancing and proper hygiene is demanded. Though, there were several disturbances in the supply chain yet this market can revive soon to the pre-pandemic position because properly packaged and attractive food or beverage packets with quality freshness will gain popularity. Value added features like cost-efficiency will attract the consumers.
Competition Landscape
Key manufacturers are incorporating innovative techniques like eco-friendly packets and product innovation to enhance market growth. Major players in the market include Smurfit Kappa Group, Nippon Paper Industries Co., Ltd, Stora Enso Oyj, International Paper Company, Mondi Group Plc, Billerud Korsnas AB, Heinzel Group, Gascoigne Papier SAS, Twin Rivers Paper Company, Verso Corporation, Burgo Group Spa collectively hold 25% of the total revenue share in this sector.
For an instance, key companies are focussing on adopting technologies and patterns without any signs of deterioration. Manufacturers are also working on expanding product portfolio to achieve better market insights.
For an instance, Stora Enso Oyj manufactured extremely lightweight packets, recycled for packing chocolates and confectionaries. Better printed patterns enhanced market growth and attracted consumers.
Get full Report Now@ https://www.futuremarketinsights.com/checkout/7900
More on the report
FMI's report provides proper segmentation and analysis of market trends and macro-economic factors on the basis of product type (eco-conscious papers, kraft papers), grade (bleached, unbleached), end-use (food, beverages, construction, healthcare etc.) and region-wise segmentation (East Asia,North America, Asia-Pacific, Eastern and Western Europe).
Explore Wide-ranging Coverage of FMI's Packaging Landscape
LDPE LLDPE Sealant Web Film Market FMI's report presents region wise analysis with detailed profiles of the companies, the economic factors and strategies adopted to cope up with the market trends.
Paper Napkin Making Machine Market FMI's analysis on this sector presents driving factors, restraints, opportunities, in-depth market segmentation and impact of market trends on geographies.
Bagging Machine Market This report analyses qualitative and quantitative assessment by industry analysts, macro-economic indicators, parent market trends with historical, current, and projected market size in terms of volume and value.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/machine-glazed-paper-market
Press Release Source: https://www.futuremarketinsights.com/press-release/machine-glazed-paper-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/608246/East-Asia-to-Continue-to-Rule-Machine-Glazed-Paper-Market-Revenue-to-Surpass-US-121-Bn--Future-market-insights
