The global food contact paper market is expected to grow at a CAGR of 4.6% during the forecast period 2021 to 2028, driven by rising consumption of ready-to-eat food items and growing demand for aesthetic and customized food contact paper.
Food contact paper is predominately used in the food service industry in the packaging of a wide range of food items. The growing demand for paper-based packaging solutions for food is anticipated to bolster the sales of food contact paper during the foreseeable future. VRR team segmented the food contact paper market based on material, thickness, application, and end use. Based on thickness, up to 30 GSM segment of the global food contact paper market is estimated to account for a major market share, and expected to drive the overall food contact paper market during the forecast period.
High Demand for Fast Food to Supplement Sales of Food Contact Paper
The global food contact paper market is significantly driven by the demand generated from and food service industry. Food contact paper is used for packaging of several food items such as burgers, pizza, wraps & rolls, sandwiches, and others. The global fast food segment has experienced robust market growth in the past couple of years as a result of increased consumer inclination toward readymade and pack food items due to busier lifestyles. The growing demand for on the go and fast food items worldwide is creating massive demand for food packaging solutions, including food contact paper. Furthermore, increasing number and rapid penetration of food service retailers across the emerging economies are further offering lucrative opportunities for food contact paper manufacturers to maximize sales. All these factors are anticipated to positively impact the food contact paper market.
Preference for Eco-friendly Packaging to Bolster Market Growth
The rising demand for eco-friendly packaging has led to increase in demand for packaging solutions that can be recycled. Leading as well as small-scale industry players operating in the global food service industry are inclining toward sustainable packaging and promoting environment-friendly packaging. These market players are actively planning to eliminate harmful plastic packaging products from their food packaging needs. This can be attributed to the increasing pressure from governmental and non-governmental organizations to reduce plastic waste globally. Food contact paper is highly sustainable and gaining immense traction in the market, owing to its ecofriendly characteristics. Packaging companies are providing efficient and sustainable packaging solutions to leverage opportunities generated in the food contact paper market. This shifting inclination of manufacturers and end users toward environment-friendly packaging solutions is likely to accelerate market growth.
Strict Regulations on Food Contact Materials Affects Market Growth
Regulations by regional food & drug administration in different countries may lead to a change in consumption pattern of various food contact materials, such as paper, plastic, and metal. For small-scale manufacturers, it becomes difficult to comply with government regulations and manufacture packaging solutions. Furthermore, chemicals and additives are used during the manufacturing of paper to achieve different functional characteristics. These additives and chemicals must be treated properly to eliminate the violation of food contact material regulations. These stringent regulations on food contact materials, including paper and paperboard may affect the food contact paper market growth.
Food Contact Paper Market by Material
Food Contact Paper Market by Thickness
Food Contact Paper Market by Application
Food Contact Paper Market by End Use
Food Contact Paper Market by Region
Scope of the Report
A new study on the global food contact paper market providing forecast for the period of 2021-2028. In the study, growth opportunity for the food contact paper market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the food contact paper market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Key indicators associated with the food contact paper market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global food contact paper market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end uses has been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of food contact paper. Furthermore, forecast factors and forecast scenarios of the food contact paper market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the food contact paper market is provided on the material, thickness, application, end use, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The food contact paper market is analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the food contact paper market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of food contact paper manufacturers by leveraging an intensity map. It also highlights key end uses for food contact paper.
A realistic methodology, along with a holistic approach makes the base for sharp insights, is provided in the food contact paper market for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the food contact paper market. The report has further undergone a cross-validation by in-house professionals to make the food contact paper market report one-of-its-kind, with the highest credibility.
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