Over the past ten years, the product packaging industry has significantly changed. Packaging today is more than just that; it's an experience. To satisfy consumer demand, everyone—from manufacturers to retailers—is searching for more appealing, eco-friendly, and attractive packaging options for their goods. MG paper, also known as machine-glazed kraft paper, is one such option. The machine-glazed Kraft papers market is a dynamic one. Because trends change frequently in this consumption-driven sector, the dynamics are always shifting. Machine glazed kraft paper market growth is being made possible by an increase in aesthetically pleasing and environmentally friendly packaging across a range of end-use sectors, particularly in emerging economies. The food, medicinal, furniture, and textile industries are among of the primary applications.
As of 2018 the global Machine Glazed Kraft Paper market is estimated to surpass U.S. $ 12.09 Billion in terms of revenue, exhibiting a CAGR of 3.9% during the years (2021-2028)
Major Players in the Machine Glazed Kraft Paper Industry:
1) Mondi Plc.
Mondi Plc. Is a multinational packaging and paper group. It is fully integrated across the packaging and paper value chain-from growing of wood and the manufacturing of pulp and paper to the conversion of packaging papers into corrugated packaging, industrial bags etc. The company was founded in the year 1967, and the headquarters are located in United Kingdom Austria.
In January 2023, Mondi completed the acquisition of the Duino paper mill from the Italian graphic and specialty paper company, Burgo Group for 40 Million Euros.
2) Stora Enso Oyj
Stora Enso Oyj is a leading provider of renewable products in packaging, biomaterials, wooden constructions etc. The company manufactures pulp, paper and other forest products etc. The company was founded in the year 1998, and the headquarters are located in Helsinki, Finland.
As of January 2023, Stora Enso Oyj completed the acquisition of De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries.
3) Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. is a Japanese paper manufacturing company. The company's stock is listed on the Tokyo and Nagoya Stock Exchange and on the Osaka Securities Exchange. Products manufactured include Paper, Paperboard, Household paper products, logs and lumber, Chemicals and Functional films. The company was founded in the year 1949, and the headquarters are located in Chiyoda-ku, Tokyo, Japan.
As of June 2021, Nippon Industries acquired a portion of the issued ordinary share capital of Elopak ASA. A Norway-based liquid paper packaging company.
4) Smurfit Kappa Group PLC.
Smurfit Kappa Group plc is Europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company specialises in manufacturing paper-based packaging, with a network of paper, recycling and forestry operations. It is an integrated producer, with packaging plants sourcing the major part of their raw material requirements from the company's own paper mills. The company was founded in the year 1934, and the headquarters are located in Dublin, Ireland.
In May 2022, Smurfit Kappa announced the acquisition of Atlas Packaging, a corrugated converting operation in the UK.
5) The Heinzel Group
The Heinzel Group is an Austrian group of companies in the field of paper production. The head of the group is the holding company Heinzel Holding GmbH. The Group's product portfolio includes various types of graphic papers, containerboard and market pulp. Outside of its core business, the group is also active in power generation, agriculture and real estate. The company was founded in the year 1991.
As of March 2023, Heinzel Group has signed an agreement for acquisition of Steyrermuhl paper mill from UPM.
6) Billerud AB
Billerud AB is a Swedish pulp and paper manufacturer. In 2022, the company simplified its name from BillerudKorsnäs to Billerud. Its production units are located in Grums, Skärblacka, Frövi/Rockhammar, Gävle and Karlsborg in Sweden, Jakobstad in Finland, Escanaba, Quinnesec and Wisconsin Rapids in the US. Products manufactured include Paper and pulp, sawn timber, paperboard. The company was founded in the year 2012, and the headquarters are located in Solna, Sweden.
In March 2022, BillerudKorsnäs completed its acquisition of the US-based coated paper company, Verso Corporation for U.S. $825m in cash.
7) Sappi Limited,
Sappi Limited originally incorporated as South African Pulp and Paper Industries Limited in 1936, is a South African pulp and paper company. It produces and sells commodity paper products, pulp, dissolving pulp, and forest and timber products for Southern Africa and export markets. The company was founded in the year 1936, and the headquarters are located in Johannesburg, South Africa.
Definition: Kraft paper that has been machine-glazed has a rough surface on one side and a shiny appearance on the other. For superb printability, it combines the high tensile strength of Kraft paper with smoothness and sheen.
