Machine Glazed Papers Market: Introduction
Product packaging has evolved rapidly over the past decade. Now packaging isn’t just packaging; it’s an experience. From manufacturers to retailers, everyone is looking for a fresher, greener, and yet attractive packaging solutions for their products to meet consumers’ demands. One such solution is machine glazed paper or MG paper. With high strength and a perfect balance of gloss and smoothness, machine glazed papers have become the new standard of packaging solution. Their superior printability is also adding to their demand, substantially.
The global machine glazed papers market is constantly evolving. The dynamics in this consumption-driven market keeps on changing due to frequent changes in trends. This report offers a comprehensive analysis of the worldwide machine glazed papers market, taking trends and prospects in consideration. It also presents a thorough assessment of the key segments of this market and an insight into their impact on the market’s performance. Some of the key applications are in the food, medical, furniture, and textile industries.
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Machine Glazed Papers Market: Competitive Analysis and Notable Developments
With relatively modest market share in the hands of tier 1 players, the global machine glazed papers market demonstrates a fragmented and highly competitive business landscape. The continued entry of new players also adds to this fragmentation and competition all the more. Some of the key participants in this market are:
- International Paper APPM
- Daio Paper
- Nippon Paper Industries
- Burgo Group
- Smurfit Kappa
- Mondi Group
- Verso Corp.
- Charta Global
- SCG Packaging
The leading players are focusing more on expanding their production capacities to meet the mounting demands for machine glazed papers. They are also investing heavily in R&D to offer innovative products with enhanced features to keep themselves ahead of their peers. Here is a snapshot of the notable market developments that happened in recent past:
- Verso Corp., a leading producer of flexible packaging and label and converting papers, introduced two new series of lightweight machine glazed natural kraft papers in 2017. The product series were named as GlazeWrap NK and GlazeBag NK. The specialty of these papers is that these are produced using unbleached virgin fiber. With this, the company planned to cater to the burgeoning demand for unbleached fiber papers from consumer brands. These brands increasingly strive to include a natural look and feel into their product packaging.
- Charta Global, a prominent provider of specialty and graphical papers and food grade and packaging boards, announced the addition of Enza Kraft to its specialty paper portfolio. With this, the company is responding to the market’s demand for unique specialty grade papers and looks forward to continual expansion in its customer base.
Machine Glazed Papers Market Dynamics
The trend influencing the global machine glazed papers market the most at present is the promotion of sustainable packaging. Manufacturers, nowadays, are utilizing paper as a sustainable packaging alternative to traditional packaging solutions. Especially, the food and beverage, medical and healthcare, textiles, automotive, cosmetics and personal care, building and construction, electrical and electronics, and the household sectors are relying more on paper packaging. With the ideal combination of sustainability and attractiveness, machine glazed papers have surfaced as the perfect packaging choice for these industries.
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Asia Pacific Leads Global Machine Glazed Papers Market
North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America are the main geographical segments of the global machine glazed papers market. With a substantial share concentrated in China, the global dominance is with Asia Pacific. The country boasts of a large pool of packaging manufacturers, which translates in higher production of packaging materials, including machine glazed papers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.