Future Market Insights (FMI) in its latest market survey presents comprehensive overview of the glassine paper market. It highlights hidden growth opportunities across segments including material type, applications, and end-users. The study projects sales of bleached glassine paper to continue rising at a high pace over the forecast period, followed by unbleached glassine paper.
Newly released data by Future Market Insights (FMI) forecasts the global glassine paper market to grow at a steady 5.0% CAGR, reaching a valuation of US$ 4.7 Bn in 2031 .
Request a report sample at https://www.futuremarketinsights.com/reports/sample/rep-gb-5113
Sales of glassine paper reached plummeted to an extent due to restrictions on movement and disrupted supply chains caused by the unprecedented COVID-19 outbreak. However, with operations in the pharmaceutical and food industry gaining momentum, recovery of the global glassine paper is on the card. FMI has projected the market to grow by 3.2% year-over-year between 2020 and 2021.
Glassine paper is widely adopted in the pharmaceutical industry for packaging and protection of medical equipment, accessories, and specimen. Superior material properties and transparency offered by glassine paper make viewing the contents of bags and envelopes easier. Using glassine paper also streamlines storage and packaging processes in fast-moving industries. Owing to these factors, sales of glassine paper are projected to rise at a steady pace over the forecast period.
In addition to this, as demand for glassine paper is rising at a steady pace, manufacturers operating are investing in research and development activities to launch innovative products in the market.
These efforts have led to significant improvements in the quality of glassine paper. Improvements in properties such as moisture and vapor proofing, stabilized aging, and high strength are driving sales of glassine paper. Glassine paper helps eliminate odor and offers great folding properties, which in turn is spurring their demand in the food packaging industry.
As per FMI, China is expected to emerge as an attractive pocket in the East Asia glassine paper market. Growth can be attributed to the expansion of the pulp and paper and food packaging industries in the country. Besides this, low material costs and the presence of key market players in China will continue augmenting growth in the glassine paper market over the assessment period.
Request Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-5113
"Growing preference for ready-to-eat meals, along with increasing demand for sustainable packaging solutions in the personal care and printing and paper industries will continue propelling sales of glassine paper in the forthcoming years," says the FMI analyst.
Request TOC @ https://www.futuremarketinsights.com/toc/rep-gb-5113
Key players operating in the global glassine paper market are focusing on strategic partnerships, collaborations, mergers, and acquisitions to launch innovative products in the market. Apart from this, intensive research and development and production facility expansion will remain prominent growth strategies among players. For instance:
Leading players operating in Glassine Paper Market profiled by FMI include:
More Insights on FMI's Glassine Paper Market
The latest market study on the glassine paper market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global glassine paper market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
Key Questions Covered in Glassine Paper Market Report
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
United Arab Emirates