Food Contact Paper Market Projected to Reach US$ 97.8 billion by 2028; Registering at a CAGR of 4.7% says, The Insight Partners

According to The Insight Partners latest market study on "Food Contact Paper Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Kraft Paper, Greaseproof Paper, Parchment Paper, and Others) and Application (Bakery and Confectionery; Dairy Products; Fruits and Vegetables; Meat, Fish, and Poultry; and Others)," the market was valued at US$ 68.6 billion in 2020 and is projected to reach US$ 97.8 billion by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Mondi; Westrock Company; Georgia-Pacific LLC; Twin River Paper Company; UPM; Ahlstrom-Munksjö; GM Packaging (UK) Ltd; Superiorpaper Pty Ltd. TopCare; and KRPA Holding CZ, a.s. are among the well-established players operating in the food contact paper market.

Food contact papers are used as primary packaging materials for various food products, such as baked food, confectionery, meat, snacks, and grain mill products. The papers are sustainable alternatives to many other food packaging materials, such as plastic and glass. Growing initiatives by companies to reduce their carbon footprint are influencing the adoption of food contact paper across the world. The increase in demand for sustainable and eco-friendly food packaging has also increased the demand for food paper packaging.

The biodegradable and recyclable packaging has been an attractive alternative to single-use packaging options for both consumers and manufacturers. Food service packaging generates a significant amount of waste in landfills in the US. As per a report published by the United States Environmental Protection Agency, food waste and packaging account for the majority of the landfilled materials in the US. Since paper packaging is biodegradable, it is preferred over recyclable packaging. The use of recycled food packaging increases the chances of contamination, thereby potentially affecting the environment and human health. Increasing initiatives by governments across the world on the use of single-use plastic bags are propelling the demand for packaging solutions, which are recyclable yet sustainable, leading to an increased demand for food contact papers.

Based on type, the food contact paper market is segmented into kraft paper, greaseproof paper, parchment paper, and others. Based on application, the market is segmented into bakery and confectionery; dairy products; fruits and vegetables; meat, fish, and poultry; and others. Based on geography, the food contact paper market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

Report Spotlights

Progressive trends in the food contact paper industry to help players develop effective long-term strategies

Business growth strategies adopted by companies to secure growth in developed and developing markets

Quantitative analysis of the global food contact paper market from 2019 to 2028

Estimation of the demand for food contact paper across various industries

Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth

Recent developments to understand the competitive market scenario and the demand for food contact paper

Market trends and outlook coupled with factors driving and restraining the growth of the food contact paper market

Understanding regarding the strategies that underpin commercial interest with regard to global food contact paper market growth, aiding in the decision-making process

Float glass market size at various nodes of market
Detailed overview and segmentation of the global food contact paper market as well as its industry dynamics

Food Contact Paper market size in various regions with promising growth opportunities

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