Impact of COVID-19 on Economy, Industry and Company :
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Global Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 7.6 Bn by 2028, Likely to Grow with the CAGR of 4% During the Forecast Period.
Food contact paper is widely used in various applications such as for packaging of both (solid and liquid products). However, common applications of food contact paper is that it doesn’t dissolve into the food, compromising its integrity. Also, food contact paper has a thickness of up to 30 gsm that is widely preferred in various packaging applications.
With food contact paper increasingly becoming the material of choice for food packaging, for both, manufacturers and consumers. Manufacturers in the food contact paper market are aiming at product innovation that offers characteristics such as moisture-resistance, grease resistance, and temperature control.
Convenience and ready-to-eat foods have witnessed significant growth during the forecast period, primarily driven by changing lifestyles and these factors are ultimately boosting the growth of the food contact paper market. Globally, there is a push for the reduction of plastics from packaging, especially where food is concerned, that can be attributed to the growing pressure from governments to decrease plastic waste.
Manufacturers are continuously innovating new ideas, safe and functionally effective food handling and packaging materials, to protect the health of humans and the interests of consumers. Food contact paper is produced from natural fiber and minerals and other materials that are favourable for food.
This type of packaging protects the food from external elements such as air, grease, dust, and moisture. Food contact paper is flexible, hygienic, easy to handle, and easily disposable.
By Application, Bakery Product Is Expected To Witness High Demand During The Forecast Period
Bakery products are expected to be the major segment driving the growth of the global food contact paper market during the forecast period. In the bakery industry, for the better convenience of consumers, brand owners provide sandwiches, pizzas, wraps, rolls, and burgers in food wrappers which are made by using food contact paper.
Food contact paper applications include all the bakery products that need to be wrapped while frying and baking. Also, food contact papers are used to increase the shelf life of some bakery products such as cheese, butter, and other dairy products so that the bakery industry uses food contact papers for wrapping the food products.
By Product Type, Recycled Paper Is Expected To Witness High Demand during Forecast Period
In the recycled paper, harmful substances are not included. Recycled paper includes mineral oils and many other substances which may migrate into food at some extent. The sources of these papers are usually the raw material, i.e. the recovered paper and board.
Recycled paper is generally used to produce paper products. Depending on the need of the final product, the recycled paper is further processed to remove inks, sizing adhesives, coatings, or other impurities. This recycled paper can be used to produce new paper products. Increasing demand for recycled paper products from various industries such as packaging and others is expected to boost the global food contact paper market during the forecast period (2018-2027).
Asia Pacific Is Likely To Dominate the Global Food Contact Paper Market During Forecast Period
Asia Pacific accounted for a significant share of xx% in 2019 and is expected to remain dominant during the forecast period.
The market in this region is expected to be the most attractive market for food contact paper packaging due to the rise in end use applications. China is the largest food contact paper market in Asia Pacific, followed by India, and the market in these countries is expected to grow rapidly during the forecast period.
In the food contact paper market, Asia Pacific is expected to hold the largest market share over the forecast period, owing to the increasing demand for industrial packaging. This is attributed to increasing demand for personal hygiene food products and for producing personal hygiene food paper products including tissue papers etc. Asia Pacific market for food contact paper is projected to register significant growth, owing to the growing awareness related to the environment, higher consumer preference for food contact paper packaging formats and rapidly growing e-commerce sector in the region.
In the Global food contact paper market, the major key players have used various strategies such as joint ventures, acquisitions, new product launches, partnerships, agreements, expansions, joint ventures, acquisitions, and others to increase their footprints in this market.
The major key players of the food contact paper market are Smurfit Kappa Group, Pactiv, Georgia-Pacific, Glatfelter, International Paper Co, Cascades, PPG Industries, Inc, Mondi Group, and Nordic Paper Holding AB, Huhtamaki, Intertek, Seaman Paperper, Smurfit Kappa, Sun Chemical Group.
Food contact paper Market Segmentation:
Global food contact paper Market by Application
- Bakery Products
- Fresh Food
- Fast Food
- Dairy Products
- Baby Food
Global food contact paper Market by Product type
- Kraft Paper
- Specialty Paper
- Recycled Paper
Global food contact paper Market by End user
- Hotels & Restaurants
- Bakeries & Cafes
- Fast Food Outlets
- Movie Cinemas
- Airline & Railway Catering
Global food contact paper Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa