openPR Logo
Press release

Fast Food Wrapping Paper Market to Reach $3.5 Billion by 2032, Growing at 2.8% CAGR from 2024

Fast Food Wrapping Paper Market to Reach $3.5 Billion by 2032,

The global Fast Food Wrapping Paper Market (ファーストフード包装紙市場) was valued at US$ 2.7 billion in 2023. It is projected to grow at a CAGR of 2.8% from 2024 to 2032, reaching US$ 3.5 billion by the end of 2032.

Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=53586&utm_source=OpenPR_Sandeep&utm_medium=OpenPR

Analyst Viewpoint

The rapid adoption of on-the-go food products and the surge in demand for biodegradable and compostable packaging solutions are driving the growth of the fast food wrapping paper market. This type of packaging is essential for maintaining food hygiene and freshness. The focus on eco-friendly packaging solutions is fueling market growth, and advancements in the packaging sector and sustainability criteria offer lucrative opportunities for companies operating in this sector. Leading players are launching new packaging solutions to enhance their product portfolios and meet consumer demands from the food packaging sector.

Market Introduction

Fast food wrapping paper is a multi-purpose food-grade packaging solution used for packing daily foods such as bread, burgers, sandwiches, and other bakery products. These papers are extensively used in cafes, restaurants, and quick-service food joints. Common materials used include Polypropylene (PP), Polyethylene (PE), Ethylene Vinyl Alcohol (EVOH), and Polyvinyl Chloride (PVC). Disposable food packaging solutions are preferred in the fast-food industry as they help keep food fresh for extended periods. Paper-based packaging solutions are developed using raw materials like kraft paper and specialty papers, including wax-coated papers, foil papers, and greaseproof papers. These wrapping papers are available in various thicknesses and can be used depending on the food products.

Drivers

Rapid Adoption of On-the-Go Food Products: Fast food wrapping papers provide protection and meet biological, physical, and chemical needs. The rapid growth in fast food restaurants and the rise in demand for on-the-go food products are major drivers. The increase in the working population and busy schedules drive the demand for high-quality food wrapping papers, ensuring food quality and freshness. For example, the U.S. leads in fast food consumption, with significant expenditure and frequent consumption by a large portion of the population. The demand for ready-to-eat food products, which require high-quality packaging, is fostering market growth.

Surge in Demand for Biodegradable and Compostable Packaging Solutions: Biodegradable and compostable packaging solutions are preferred due to their environmental benefits. Increased awareness of sustainability is encouraging manufacturers to develop eco-friendly packaging solutions. Stringent government regulations on food packaging and safety protocols drive the demand for sustainable materials. Innovative packaging solutions using materials like bamboo, cellulose, seaweed, and corn starch are bolstering market expansion.

Regional Outlook

North America held a leading position in the global market in 2023 and is expected to register a CAGR of 2.1% during the forecast period. The increase in fast food consumption, the availability of fast food products, and the rapid growth in the food and beverage sector are fueling market progress. In 2022, the real expenditure on food away from home accounted for around 53.9% of total food spending in the U.S., highlighting the significant role of fast food wrapping paper in the region.

Analysis of Key Players

Key players in the fast food wrapping paper market focus on sustainability and developing eco-friendly packaging solutions. Manufacturers are launching new products to meet sustainability standards and consumer demands. Leading companies include Berry Global, Inc., Delfort Group, Georgia-Pacific LLC, Twin Rivers Paper Company, Huhtamaki Oyj, Mitsubishi Chemical Holdings Limited, Amcor Plc, Mondi Group, Reynolds Group Holding Limited, The Clorox Company, S. C. Johnson & Son, Inc., Nordic Paper AS, Anchor Packaging Inc., and Pudumjee Paper Products Ltd. These companies are profiled based on business strategies, financial overview, product portfolio, company overview, recent developments, and business segments.

Key Developments

In February 2024, Berry Global, Inc. introduced a reusable tableware range to deliver sustainable packaging solutions to the food sector, enhancing its product portfolio.
In February 2023, Koehler Paper launched a new packaging solution, Koehler NexPure OGR, which offers an oil- and grease-resistant sustainable paper to the fast-food sector.

Fast Food Wrapping Paper Market Snapshot

Market Size in 2023: US$ 2.7 billion
Market Forecast (Value) in 2032: US$ 3.5 billion
Growth Rate (CAGR): 2.8%

Segmentation: By thickness (Plastic & Aluminum Foil, Paper), material type (Plastic, Paper), fast food type (Sandwiches, Burgers, Pizza, Wraps & Rolls, Chicken, Other Snack Food), end-use (Hotels, Restaurants, Cafes, Fast Food Outlets, Cinemas, Airline & Railway Catering, Institutional), and regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
Conclusion

The Fast Food Wrapping Paper Market (Marché du papier d'emballage pour restauration rapide) is set for steady growth driven by the rising demand for on-the-go food products and eco-friendly packaging solutions. Innovations in sustainable packaging will continue to shape the market, meeting the evolving needs of various industries and consumer preferences.

Purchase Full Report Here: https://www.transparencymarketresearch.com/checkout.php?rep_id=53586<ype=S&utm_source=OpenPR_Sandeep&utm_medium=OpenPR

More Reports from Transparency Market Research

Medical Packaging Films Market (Löffel im Deckelverpackungsmarkt): https://www.transparencymarketresearch.com/medical-packaging-films-market.html

Water Soluble Films Market (ピックアンドプレイスマシン市場): https://www.transparencymarketresearch.com/water-soluble-film-market.html

State Tower, 90 State Street, Suite 700,
Albany NY - 12207, United States

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fast Food Wrapping Paper Market to Reach $3.5 Billion by 2032, Growing at 2.8% CAGR from 2024 here

News-ID: 3575079 • Views:

More Releases from Transparency Market Research

Biscuits Market Set to Reach $158.5 Billion by 2032, Driven by Demand for Healthy Snacks
Biscuits Market Set to Reach $158.5 Billion by 2032, Driven by Demand for Health …
The global biscuits market (비스킷 시장), valued at US$ 101.3 billion in 2023, is poised for robust growth, with projections estimating a market size of US$ 158.5 billion by 2032, expanding at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2032. This growth trajectory is fueled by increasing consumer demand for convenience foods and innovative healthy snacks. Biscuits, a staple in the on-the-go food category, are favored
Animal Feed Enzymes Market to Reach $1.8 Billion by 2032, Driven by Rising Demand for Meat and Dairy Products
Animal Feed Enzymes Market to Reach $1.8 Billion by 2032, Driven by Rising Deman …
The animal feed enzymes market (동물 사료 효소 시장) is witnessing significant growth due to rising demand for meat and dairy products, advancements in animal nutrition solutions, and increasing awareness about the benefits of these enzymes. The market was valued at US$ 1.2 billion in 2023 and is expected to reach US$ 1.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032.
Landing String Equipment Market to Reach USD 2.6 Billion by 2034, Growing at a 6.8% CAGR from 2024: Comprehensive Industry Outlook and Forecast
Landing String Equipment Market to Reach USD 2.6 Billion by 2034, Growing at a 6 …
The global landing string equipment market (Markt für Landestrangausrüstung), valued at USD 1.3 billion in 2023, is poised for significant growth. Projected to expand at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2034, the market is expected to reach USD 2.6 billion by the end of the forecast period. Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81687&utm_source=OpenPR_Sandeep&utm_medium=OpenPR Analyst Viewpoint The growth of the landing string equipment market is driven by
Distributed Buoyancy Module Market to Double to USD 161.5 Million by 2034, Growing at a 6.5% CAGR from 2024: Industry Forecast and Analysis
Distributed Buoyancy Module Market to Double to USD 161.5 Million by 2034, Growi …
The global distributed buoyancy module market (marché des modules de flottabilité distribués) was valued at US$ 80.9 million in 2023. With the rising adoption of floating solar farms and increasing demand for clean and renewable energy sources, the market is projected to advance at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2034, reaching an estimated US$ 161.5 million by the end of the forecast period. Download Sample

All 5 Releases


More Releases for Paper

Paraffin Paper Market to Witness Massive Growth by 2027 | Patty Paper, Dunn Pape …
A new research document released by HTF MI with title "Global Paraffin Paper Market SWOT analysis by Size, Status and Forecast 2022 to 2027" provides a complete assessment of Paraffin Paper Market. The study focuses on changing market dynamics, geopolitical and regulatory policies, key players Strategies to better analyse demand at risk across various product type. Some of the major and emerging players analysed in the study are Dunn Paper,
Pulp and Paper Market Key Player Analysis By sappi, Lee & Man Paper, Nippon Pape …
Global Pulp and Paper Market Research Report 2018–2025 is a historical overview and in-depth study on the current & future market of the Pulp and Paper Industry. The report represents a basic overview of the market status, competitor segment with a basic introduction of key vendors, top regions, product types and end industries. This report gives a historical overview of the market trends, growth, revenue, capacity, cost structure, and
Global Waste Paper Recycling Market Forecast 2019-2026 Miami Waste Paper, Dixie …
Market study on Global Waste Paper Recycling 2019 Research Report presents a professional and complete analysis of Global Waste Paper Recycling Market on the current market situation. Report provides a general overview of the Waste Paper Recycling industry 2019 including definitions, classifications, Waste Paper Recycling market analysis, a wide range of applications and Waste Paper Recycling industry chain structure. The 2019's report on Waste Paper Recycling industry offers the global
Book Paper Market Report 2018 Companies included Stora Enso, Oji Paper, Nippon P …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Global Pulp and Paper Market 2018 Key Players: sappi, Lee & Man Paper, Nippon Pa …
Pulp and Paper Market: WiseGuyReports.com adds “Pulp and Paper Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database. Executive Summary Global Pulp and Paper Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2017-2025. Pulp and paper producers produces and sells cellulose-based products, derived from wood. Packaging paper, graphic paper and
Europe Greaseproof Paper Market 2017 – Krpa Paper, Nordic Paper, Vicat Group, …
Qyresearchreports include new market research report “Europe Greaseproof Paper Market Report 2017” to its huge collection of research reports. The Europe Greaseproof Paper market is driven by a variety of regional and Europe factors, a critical assessment of which forms the crux of the report. The key dynamics of the market is constantly influenced by changing business models and several paradigmatic shifts in recent years, holistic insights of which is offered