Food Contact Papers Market is Anticipated a substantial growth, reaching $99.4 Bn by 2028 with a CAGR of 5.3% during the forecast period 2024-2033

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The Business Research Company offers in-depth market insights through Food Contact Papers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The food contact papers market size has grown strongly in recent years. It will grow from $76.12 billion in 2023 to $80.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to stringent food safety regulations, consumer demand for sustainable packaging, globalization of the food industry, rise in convenience and ready-to-eat foods, industry shift towards biodegradable materials.

The food contact papers market size is expected to see strong growth in the next few years. It will grow to $99.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increased adoption of plant-based packaging, focus on recyclability and circular economy, rising demand for specialty papers, packaging solutions for e-commerce, consumer preferences for safe and healthy packaging. Major trends in the forecast period include technological innovations in coating materials, advancements in paper coating technologies, rising demand for sustainable packaging, innovations in barrier coatings, preference for convenience packaging.

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Market Segmentation:
The food contact papers market covered in this report is segmented -
1) By Material Type: Kraft Paper, Specialty Paper, Recycled Paper, Other Materials
2) By Thickness: Up to 30 GSM, 30-50 GSM, Above 50 GSM
3) By Application: Bakery And Confectionary Products, Dairy Products, Fresh Food, Fast Food, Baby Food, Other Applications
4) By End User: Hotels And Restaurants, Bakeries And Cafes, Fast Food Outlets, Movies And Cinemas, Airline And Railway Catering, Other End Users

Major Driver - Consumer Demand For Sweets And Chocolates Is Boosting The Food Contact Papers Market
The increasing consumer demand for sweets and chocolates is expected to propel the growth of the food contact papers market going forward. Sweets and chocolates refer to food items created by combining cocoa beans that have been roasted and ground with sugar powder and fat to form solid confectionery. Food contact papers are used as the primary packaging material for a variety of food products, including sweets and chocolate, baked goods, confections, meat, snacks, and grain. They provide a barrier between the food and the outside environment, protecting the food from contamination and preserving its freshness. For instance, in March 2022, according to a report shared by National Confectioners Association, a US-based trade organization that promotes chocolate, candy, gum and mints, sales of chocolate and sweets in the US increased by 11 % between 2020 and 2021. Additionally, confectionery retail sales were $36.9 billion overall in 2021 and were projected to reach $44.9 billion by 2026. Therefore, the rising demand for sweets and chocolate is driving the growth of the food contact papers market.

Competitive Landscape:
Major companies operating in the food contact papers market report are International Paper Company, WestRock Company, Amcor plc, Smurfit Kappa Group, Graphic Packaging Holding Company, Pactiv LLC, Moondi plc, SCG Packaging Public Company Limited., PT. Indah Kiat Pulp & Paper Tbk, Novolex Holdings Inc., Ahlstrom-Munksjo Oyj, Harwal Group, Schweitzer-Mauduit International Inc., Georgia-Pacific LLC, Duni AB, Nordic Paper Holding AB, Asia Pulp & Papers Pvt. Ltd., Pudumjee Paper Products Ltd., Seaman Paper Company, Twin River Paper Company Inc., KRPA Holding CZ a.s., Superiorpaper Pty Ltd., Honeymoon Paper Products Inc., GM Packaging (UK) Ltd., BPM Inc.

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Top Trend - Innovative Solutions In The Food Contact Papers Market With Kerbside Recyclable Paper Wrap For Sustainable Packaging
Companies operating in the food contact papers market are developing innovative products such as kerbside recyclable paper wraps to develop sustainable and environmentally friendly packaging solutions. Recyclable paper wrap is a wrapping paper that is designed to be recycled. It is often crafted from 100% recycled newsprint. For instance, in March 2022, Wipak Walothen Gmbh, a Germany-based packaging services and products company, launched kerbside recyclable paper wrap for butter manufactured from FSC-certified, renewable paper. This solution claims to have a 68% lower carbon footprint than industry-standard wraps (made of aluminum, low-density polyethylene, or paper lamination). This consumer-friendly paper solution is entirely recyclable once cleaned inside the curbside paper and cardboard waste stream. The company's commitment to the circular economy and offering a wide range of customizable paper composite solutions further demonstrates its dedication to sustainability and meeting the needs of its customers.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Contact Papers Market Characteristics
3. Food Contact Papers Market Trends And Strategies
4. Food Contact Papers Market - Macro Economic Scenario
5. Food Contact Papers Market Size And Growth
…..
27. Food Contact Papers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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