Food Contact Paper Market to Garner $97.8 Million, Globally, by 2028 at 4.7% CAGR: The Insight Partners

According to our 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.

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.

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Some of the Prominent/Emerging Players in Food Contact Paper Market:
• Mondi
• Westrock Company
• Georgia-Pacific LLC
• Twin River Paper Company
• UPM
• Ahlstrom-Munksjö
• GM Packaging (UK) Ltd
• Superiorpaper Pty Ltd
• TopCare
• KRPA Holding CZ, a.s.

Food Contact Paper Market Segmental Overview:

Food Contact Paper Market, by Type
• Kraft Paper
• Greaseproof Paper
• Parchment Paper
• Others

Food Contact Paper Market, by Application
• Bakery and Confectionery
• Dairy Products
• Fruits and Vegetables
• Meat, Fish, and Poultry
• Others

The "Global Food Contact Paper Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food contact paper market with detailed market segmentation by type, application, and geography. 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.

Many industries, such as the chemicals & materials industry, faced unprecedented challenges due to the COVID-19 pandemic. Due to the shortage of raw material and labor, shutdown of factories, and other operational difficulties under COVID-19 safety protocols, manufacturers of packaging products faced a contraction in sales during the initial months of the pandemic.

Furthermore, the shift in the lifestyle of the consumers and their changing eating patterns have reduced the consumption of ready-to-use and outside food due to the virus spread, which has negatively affected the demand for food contact papers. However, as several countries are lifting the lockdown with proper precautionary measures, the demand for food contact papers is likely to back on track. As the lockdown was imposed in various countries, the e-commerce sector witnessed a significant demand for various products, such as packaged food and groceries including fresh vegetables and fruits, owing to the shutdown of offline stores, which fueled the utilization of food contact papers.

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This release was published on openPR.