The machine glazed paper market has witnessed increased interest in the last couple of decades, resulting in a steady growth yet, at a moderate pace. This increase in demand can be attributed to the application of machine glazed paper in the food and beverage industry, which has had a positive impact on the global market. The study by Future Market Insights on the prospective growth of the market estimates based on this that the machine glazed paper market is likely to grow at an average of approximately 4% globally, during the course of the forecast period.
Food and Beverage to Remain a Leading End-use Industry
With packaging quickly adopting machine glazed paper for a variety of applications, food and beverage remains a prominent end-use industry, holding a fourth of the total market value, globally. This comes on the back of expanding consumer preference for food and beverage products that are packaged in biodegradable/sustainable formats, which are likely to witness significantly growing traction within the food and beverages industry in coming years. The flourishing online food delivery services sector in developing countries is also likely to contribute to the growth of the market.
Regional Markets within the Machine Glazed Paper Market
According to this study on the machine glazed paper market landscape, a third of the machine glazed paper that is consumed globally is used in packaging, particularly sacks, bags and pouches. And in terms of revenue, the demand comes most from the Asia Pacific region, especially East Asia, which accounts for over 30% of the global market share.
Based on the historical data and current trends in the global machine glazed paper market, the regional market in East Asia is likely to stay a leading market in the foreseeable future. This is likely due to the presence of a number of manufacturers and strong consumer base for packaging, opening up a myriad of opportunities for players in the machine glazed paper market.
Due to the increased interest for machine glazed paper in recent years, players in the market have stepped up to meet this demand successfully, propelling the growth of the market. They are looking to making inroads into various industries and to this end, focusing on widening their product range to cater to each individual need of these end users.
Players are concentrating on improving the quality of their product portfolios as well, while extending their range to include attributes such as tensile strength, durability, and tearing strength, which are bound to improve product positioning.
Current Scenario and Prospects of the Market Landscape As the current scenario stands, the applications of machine glazed paper is not limited to food and beverage packaging and art and craft, but is being increasingly used in healthcare, building & construction, electrical & electronics, personal care & cosmetics, textile, household, and automotive industries. This is expected to contribute significantly to the positive impact on the growth and expansion of the machine glazed paper market in the foreseeable future. According to this report by Future Market Insights, the demand for machine glazed paper due to its adaptability makes it versatile across industries and is likely to be driven by the multimodal operational benefits it offers.
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