The global fast food wrapping paper market is projected to grow at a CAGR of 2.9% between forecast period 2020 to 2027.
The global fast food wrapping paper market is witnessing a solid expansion, thanks to growing demand for fast foods and growth of e-commerce.
Rising consumption of fast food products is expected to play a key role in the growth of the market. Additionally, growing demand for burgers is expected to emerge as a boon to growth. Burgers make for an ideal type of product for paper wrappings. Moreover, sandwiches are likely to emerge as a dominant force for growth in the global fast food wrapping market.
The global fast food wrapping market is expected to witness robust growth in Asia Pacific, registering 4.5% CAGR. Introduction of fast food products like burgers, sandwiches, and growing disposable income in the region is expected to drive significant demand in the region.
The global fast food wrapping market is expected to expand significantly, thanks to growing advancements in packaging materials and marketing techniques. For example, in Japan wrapping paper for regional dishes embeds a signature style of the region, attracting tourists for a free souvenir. Additionally, material advances such as the use of banana pseudo stems and polymer treatments have displayed promising results. Polymer treatment shows promise in making grease proof and water proof for ideal fast food wrappings. Growing focus on research and development is expected to create significant opportunities in the fast food wrapping paper market in the near future.
Fast Food Chains a Major Draw for the Fast Food Wrapping Paper Market
Fast food chains like McDonalds, Subway, and KFC are expanding their footprints globally. These fast food chains use large amounts of paper wrappings for their products. For example, Subway mainly serves their large subs in paper wrappings for convenience and with branded packaging. Additionally, due to increasing globalization, these chains are gaining increased grounds in Asia. The rising disposable income here and growth of new lifestyle involving a lot more outdoor eating is a boon for the fast food wrapping paper market. The low costs of paper wrappings and printing options for branding, are expected to create new opportunities for the global fast food wrapping paper market in the near future.
However, breakability of paper wrappings and unease of handling greasy food products can limit the growth of the fast food wrapping paper market.
Green Packaging Drives Growth in the Fast Food Wrapping Paper Market
Packaging industry is facing a major overhaul, thanks to growing limitations on using plastic products and recent ban in the EU on all single-use plastics. The global fast food wrapping paper market is expected to gain significantly due to this development, as paper wrappings are one of the very few alternatives to plastic packaging. Additionally, paper packaging like Aluminum foils are ideal offer essential benefits such as water-proofing at a low cost. Additionally, paper wrappings also come in various sizes to handle various food items.
Moreover, green packaging is expected to drive significant demand for end-chains like McDonalds, Subway, and others. These products with their embedded branding qualities provide more visibility and eco-friendly packaging can provide a much-needed brand makeover to several fast food chains.
Some of the key players in the global fast food wrapping paper market include Berry Global, Inc., Delfort Group, Georgia-Pacific LLC, Twin Rivers Paper Company, Hindalco Industries Limited, Huhtamaki Oyj, Mitsubishi Chemical Holdings Limited, Amcor Limited, Mondi Group, Reynolds Group Holding Limited, Thong Guan Industries Berhad, The Clorox Company, United Company RUSAL Plc, Hulamin Limited, Anchor Packaging Inc., Harwal Group, Oji Holdings Corporation, S. C. Johnson & Son, Inc., Nordic Paper AS , Advanced Coated Products Ltd. (The Food Wrap Co.), Pudumjee Paper Products Ltd. , KRPA Holding CZ, a.s., BPM, Inc., Seaman Paper Company, and Schweitzer-Mauduit International, Inc.
The global fast food wrapping market has been segmented as follows:
Fast Food Type
The Fast Food Wrapping Paper market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fast Food Wrapping Paper market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fast Food Wrapping Paper market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fast Food Wrapping Paper market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fast Food Wrapping Paper market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Fast Food Wrapping Paper capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Fast Food Wrapping Paper by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fast Food Wrapping Paper market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fast Food Wrapping Paper market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fast Food Wrapping Paper market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.
Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.
We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.
Overall, this is an in-depth research report specifically for the Fast Food Wrapping Paper industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Fast Food Wrapping Paper market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fast Food Wrapping Paper market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fast Food Wrapping Paper market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fast Food Wrapping Paper market. These factors have benefited the growth of the global market for Fast Food Wrapping Paper. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fast Food Wrapping Paper. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Fast Food Wrapping Paper are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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