Machine Glazed Kraft Paper Market: Trends, Growth Drivers, and Future Outlook

The global Machine Glazed Kraft Paper market is estimated to surpass US$ 12.09 Billion by the end of 2028 in terms of revenue, exhibiting a CAGR of 3.9%.

BURLINGAME, CALIFORNIA, UNITED STATES, May 23, 2024 /EINPresswire.com/ -- Market Overview:

Machine glazed kraft paper is a specialty paper used for applications where high strength and moisture resistance are required. It is used in the packaging of various food products, household goods, beverages, chemicals, and many other industrial goods.

Market Dynamics:

The machine glazed kraft paper market is driven by the increasing demand from the food and beverage industry. Food packaging requires paper that can prevent moisture, grease and provide adequate strength for transportation and storage of products. Machine glazed kraft papers fulfill these criteria making them highly suitable for primary as well as secondary food packaging needs. Additionally, growing e-commerce sector has increased the demand for robust and durable packaging for goods delivery. Machine glazed kraft paper protects products from damage during transit.

Dodecanedioic Acid Market Key Market Drivers: Growing demand from the nylon industry and rapid growth in the production of polyamide 6,10

The global demand for dodecanedioic acid is growing significantly driven by its increasing applications in nylon industry. Dodecanedioic acid plays a vital role in the production of various nylon polymers such as polyamide 6,10 and polyamide 6,12. These nylon polymers finds widespread applications in manufacturing industrial fibers, films, tapes, coated metals and engineering resins among others. Particularly, polyamide 6,10 demand is growing rapidly mainly due to its excellent chemical and mechanical properties. PA 6,10 has high melting point, excellent toughness and oil resistance which makes it suitable for replacing metal components in diverse industries like automotive and electronics. Moreover, the lightweight property of PA 6,10 polymer is contributing to the increased substitution of conventional materials. With the growing automobile production globally, the consumption of PA 6,10 in automotive industry is likely to surge in the coming years thereby augmenting the need for dodecanedioic acid.

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Key Players Covered In This Report:

global Machine Glazed Kraft Paper market include Loparex, Verso Corporation, Munksj, Mondi Plc, Smurfit Kappa Group Plc, Sappi Limited, Nippon Paper Group, Stora Enso Oyj., Heinzel Group, BillerudKorsnäs AB, Asia Pulp & Paper (APP) Sinar Mas, Gascogne Papier SAS, Papelera de Brandia, S.A.

Market Segmantation:

By Grade:

Unbleached
Bleached

By End Use:

Food and Beverages
Healthcare
Electrical and Electronics
Personal Care and Cosmetics
Textile
Building and Construction
Household

By Application:

Bags and Pouches
Sacks
Wraps
Label and Release Liners
Coatings and Laminations
Tray, Caps and Bowls
Others

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Rising adoption of biodegradable products and bio-based polymers drive growth

Increasing environmental concerns regarding plastic waste disposal and stringent regulations regarding non-biodegradable plastics are driving consumers and industries to adopt sustainable and biodegradable products. As dodecanedioic acid can be produced from natural sources like palm oil through fermentation process, it offers a renewable and sustainable alternative to petroleum-based production methods. The bio-based dodecanedioic acid provides an opportunity to manufacture completely biodegradable nylon polymers. Major players in the market are focusing on commercializing bio-based polyamide polymers using renewable dodecanedioic acid. The growing adoption of bioplastics to replace conventional plastics will significantly propel the demand for bio-based dodecanedioic acid over the forecast period.

Volatility in crude oil prices poses a threat

The production cost of dodecanedioic acid is directly associated with fluctuations in crude oil prices as a significant portion is derived from petroleum feedstock. Crude oil is one of the key raw materials used in the conventional chemical synthesis process of dodecanedioic acid. Any increase in crude oil prices leads to hike in production cost of dodecanedioic acid which is eventually passed on to the consumers in the form of increased product prices. Moreover, uncertainties and inconsistencies in crude oil supply owing to geopolitical tensions also pose supply chain issues. Significant dependence on petroleum feedstock exposes the dodecanedioic acid market to price volatility risk. However, increasing utilization of bio-based feedstock for dodecanedioic acid production is expected to reduce the risk exposure over the long term.

Dodecanedioic Acid Market Growth Opportunities: Increasing applications of dodecanedioic acid in specialty polymers

The demand for specialty polymers such as polyamide 6,12 and polyamide 10,10 is rising rapidly owing to advantages like excellent chemical resistance, high heat stability and low moisture absorption properties. These specialty polymers have wide utility in performance and engineering applications such as aircraft interiors, clutch disks for automobiles, oil seals, hoses and oil field applications. Dodecanedioic acid serves as an important building block in the synthesis of polyamide 6,12 and polyamide 10,10 polymers. The expanding scope of specialty polymers applications in diversified end-use industries including automotive, aerospace, medical and oil & gas will push the demand for dodecanedioic acid as an essential monomer. Manufacturers are investing considerably in R&D activities to develop innovative specialty polymer grades and tap the latent growth opportunities. This emerging demand from specialty polymer synthesis applications is expected to unlock new avenues of growth for dodecanedioic acid producers over the next five years.

Dodecanedioic Acid Market Trends: Shift towards bio-based production to drive sustainable growth

One of the prominent trends observed in the dodecanedioic acid market is the shifting focus of manufacturers towards renewable and sustainable production methods using bio-based feedstock. With growing environmental awareness among industries and consumers, the demand for green chemicals and bio-polymers is amplifying significantly. In response to this pressing need, market participants are steadily

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Machine glazed kraft paper market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Mr. Shah
Coherent Market Insights Pvt. Ltd.
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