Sales of machine-glazed paper in Asia Pacific are estimated to be valued at around USD 6,050.0 million in 2024. The industry is expected to reach USD 10,359.7 million by 2034. Revenue of the machine-glazed paper industry in Asia Pacific is projected to expand at a CAGR of 5.8% in the forecast period 2024 to 2034.
The Asia Pacific machine-glazed paper industry is growing due to the development of e-commerce, online shopping, emerging countries, and consumers' varying preferences. Machine-glazed paper is used in numerous packaging applications, such as for consumer products, cosmetic products, and food packaging in Asia Pacific.
| Attributes | Key Insights |
|---|---|
| Base Value (2023) | USD 5,707.1 million |
| Asia Pacific Machine Glazed Paper Industry Size (2024) | USD 6,050.0 million |
| Asia Pacific Machine Glazed Paper Value (2034) | USD 10,359.7 million |
| Value-based CAGR (2024 to 2034) | 5.8% |
The revenue of machine-glazed paper industry in 2023 was USD 5,707.1 million and is anticipated to exhibit a y-o-y growth of 6.0% in 2024. Increasing application of machine-glazed paper in the food and beverage industry contributes to 27% of the value share, while building & construction is set to hold a 7.2% share by 2034.
Due to the growing awareness of environmental issues, the Asia Pacific packaging industry has a rising demand for sustainable packaging solutions. Machine-glazed paper is preferred over plastic because of its recyclability and biodegradation characteristics.
Asia Pacific-based manufacturers are focusing on environmentally friendly manufacturing procedures and sourcing to expand their industry reach. Custom packaging solutions are gaining popularity in Asia Pacific. Machine-glazed paper offers versatility in printing and designing, allowing manufacturers to meet clients' unique branding and design specifications.
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The glazed paper industry in Asia Pacific recorded a CAGR of 3.5% during the historical period, with an industry value of USD 5,707.1 million in 2023 from USD 4,810.8 million in 2019.
Environmentally friendly products are gaining traction among consumers, showing remarkable growth in the glazed paper industry. Machine-glazed paper manufacturers gravitate toward eco-friendly materials and solutions, which is set to augment the industry's growth.
Demand for machine-glazed paper has expanded with rising disposable income and population in Asia Pacific. Several government initiatives to encourage the usage ofa environmentally sustainable packaging are projected to give profitable prospects for machine-glazed paper manufacturers by 2034.
Machine-glazed paper offers great mechanical strength and flexibility and is easy to print, making it applicable to several industrial and consumer product packaging applications.
Growing levels of investment in biodegradable packaging to promote sustainable packaging are set to create enormous prospects for the machine-glazed paper industry through the forecast period.
Flourishing Food & Beverage Industry to Augment Sales
The glazed paper industry in Asia Pacific is significantly pushed by demand from the food and beverage industry. Machine-glazed paper is predominantly used in the food and beverage industry to manufacture a wide range of packaging applications such as wraps, bags, cups, and bowls, as it features a high level of sanitation and safety with multi-layers of gloss.
Consistently increasing production output from the food and beverage sector creates a substantial demand for machine-glazed paper for safe and secure packaging of various food items. Asia Pacific's food and beverage industry has witnessed healthy growth from 2019 to 2023 and is estimated to continue in the foreseeable years.
The rising middle-class group, coupled with increasing expenditure on food consumption in emerging industries, is anticipated to boost economic growth of the food and beverage industry. These factors are expected to impact the demand for machine-glazed paper in Asia Pacific.
High Preference for Environment-friendly Packaging
Increasing awareness of eco-friendly packaging is resulting in surging demand for packaging solutions that are sustainable and recyclable. Manufacturers are turning their focus toward the development of sustainable paper packaging.
Several companies and manufacturers are using paper-based packaging materials as an alternative to plastic and metalized solutions for industries such as food, healthcare, personal care and cosmetics, building, construction, and household applications.
Machine-glazed paper is used to manufacture bags, pouches, wraps, labels, bowls, cups, trays, and other items. These packaging formats are in high demand throughout Asia Pacific.
Machine glazed paper manufacturers are taking several initiatives to increase the adoption of these papers in manufacturing packaging formats and are encouraging customers to use these sustainable solutions. Increasing shift toward environment-friendly packaging solutions further fuels demand for machine-glazed paper in Asia Pacific.
Principal Consultant
The table presents the expected CAGR for Asia Pacific’s machine glazed paper industry over several semi-annual periods spanning from 2023 to 2034. In the first half (H1) of the decade from 2023 to 2033, the industry is predicted to surge at a CAGR of 5.7%, followed by a slightly lower growth rate of 3.9% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 4.8% in the first half and rise to 6.0% in the second half.
| Particular | Value CAGR |
|---|---|
| H1 | 5.7% (2023 to 2033) |
| H2 | 3.9% (2023 to 2033) |
| H1 | 4.8% (2024 to 2034) |
| H2 | 6.0% (2024 to 2034) |
The section below shows the unbleached segment leading in terms of paper grade. It is estimated to thrive at a 5.6% CAGR between 2024 and 2034. Based on application, the sack segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 5.0% during the forecast period.
| Segment | Value CAGR (2024 to 2034) |
|---|---|
| Unbleached (Paper Grade) | 5.6% |
| Sacks (Application) | 5.0% |
Unbleached machine-glazed paper segment is expected to lead the industry and is projected to capture 3/4th of the share in 2024, generating an incremental opportunity worth USD 3,352 million during the forecast period. Unbleached paper is manufactured without any bleaching process, which reduces the environmental impact of the material and lowers the risk of harmful chemical release in the environment.
Unbleached paper is produced using less energy and water, lowering its carbon footprint. These advantages of unbleached machine-glazed paper contribute to the industry's growth. The easy recyclability and compostable nature of unbleached machine-glazed paper is increasing its adoption in several application such as food and beverages.
Machine-glazed paper has a high tensile strength, making it applicable for heavy-weight packaging such as sacks. It provides strength and durability for the products and protects them from getting punctured. Sacks are highly used in the agricultural, chemical, food, and beverage industries because of their heavy-duty applications.
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The table below shows the estimated growth rates of the top five countries. India, Indonesia, and Vietnam are set to record high CAGRs of 7.5%, 7.2%, and 6.6% respectively, through 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| China | 4.9% |
| Japan | 5.6% |
| India | 7.5% |
| Indonesia | 7.2% |
| Vietnam | 6.6% |
As stated by Invest India, the packaging industry in India is expected to generate USD 204.8 billion in revenue by 2024. Demand for machine-glazed paper in India is propelled by increasing consumer demand for sustainable packaging and rising packaged food consumption.
India is experiencing surging investment in food processing, personal care, and pharmaceutical industries. This growth in the packaging industry and rising investment in the manufacturing sector push demand for machine-glazed paper during the forecast period in India.
Vietnam is anticipated to expand at 6.6% CAGR, reaching a value of USD 88.8 million by 2034. Manufacturing industries in Vietnam are shifting toward creative, cost-effective, and sustainable packaging options, surging demand for machine-glazed paper.
Companies and manufacturers in Vietnam are focusing on meeting the needs of an urbanized population by providing safe, durable, and efficient packaging solutions.
Leading players in the industry are directed toward mergers, product launches, and developments to expand their industry reach. Manufacturers of machine-glazed paper across Asia are strengthening their presence by upgrading their product portfolios and supplier & distributor networks. Recent activities of industry players operating in Asia Pacific are:
Asia Pacific's industry is set to reach USD 6,050.0 million in 2024.
Demand in Asia Pacific is slated to expand at a 5.8% CAGR through 2034.
The target industry is set to reach USD 10,359.7 million in 2034.
The sack segment is expected to garner a significant value share by 2024.
Asia Pacific’s machine glazed paper industry was valued at USD 5,707.1 million in 2023.
Asia Pulp & Paper (APP) Sinar Mas, Mondi plc, and BillerudKorsnas AB.
1. Executive Summary 2. Industry Overview 3. Key Industry Trends 4. Key Success Factors 5. Industry Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 6. Industry - Pricing Analysis 7. Industry Demand (in Value USD million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 8. Overview 9. Analysis and Forecast, By Basis of Weight 9.1. Up to 40 GSM 9.2. 41 to 70 GSM 9.3. 71 to 100 GSM 9.4. Above 100 GSM 10. Analysis and Forecast, By Pulp Grade 10.1. Northern Bleached Kraft Pulp 10.2. Southern Bleached Kraft Pulp 10.3. Bleached Hardwood Kraft Pulp 10.4. Bleached Softwood Kraft Pulp 10.5. Recycled Pulp 11. Analysis and Forecast, By Paper Grade 11.1. Unbleached 11.2. Bleached 12. Analysis and Forecast, By Application 12.1. Bags and Pouches 12.2. Sacks 12.3. Wraps 12.4. Labels and Release Liner 12.5. Envelopes 12.6. Coating & Lamination 12.7. Others (Gift Wrap, Cup) 13. Analysis and Forecast, By End Use 13.1. Food & Beverage 13.2. Healthcare 13.3. Textile 13.4. Personal Care and Cosmetics 13.5. Electric and Electronics 13.6. Automotive 13.7. Building and Construction 13.8. Others (Household) 14. Analysis and Forecast, By Country 14.1. China 14.2. Japan 14.3. India 14.4. South Korea 14.5. Indonesia 14.6. Thailand 14.7. Vietnam 14.8. Malaysia 14.9. Singapore 14.10. Rest of Asia Pacific 15. Country-wise and Cross-Sectional Analysis 16. Industry Structure Analysis 17. Competitive Landscape 17.1. Asia Pulp & Paper (APP) Sinar Mas 17.2. Siam Nippon Industrial Paper Co., Ltd. 17.3. MUDA HOLDINGS BERHAD 17.4. PURA Group 17.5. Mondi plc 17.6. Stora Enso Oyj 17.7. West Coast Paper Mills Limited 17.8. BillerudKorsnas AB 17.9. Sripathi Paper and Boards (P) LTD 17.10. PT. Sun Paper Source. 17.11. Thai Paper Mill 17.12. SSG Paper Mill LLP 17.13. Jani Sales Pvt. Ltd. 17.14. AHLSTROM-MUNKSJÖ OYJ. 17.15. Paper Australia Pty Ltd. 18. Assumptions and Acronyms Used 19. Research Methodology
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Machine Glazed Paper Industry Analysis in Asia Pacific
