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

The global Fast Food Wrapping Paper Market 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.

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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.

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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 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.

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