Press release
Food Contact Papers Market Poised for 5.4 % Growth, Set to Hit $14586.54 Billion by 2029
Food Contact Papers Market Trends
The food contact papers market will grow from $80.78 billion in 2024 to $85.47 billion in 2025, at a CAGR of 5.8%. Growth is supported by stringent food safety regulations, the demand for sustainable packaging, globalization of the food industry, and the shift towards biodegradable materials.
The food contact papers market is expected to grow to $105.65 billion by 2029 at a CAGR of 5.4%. Growth is attributed to the adoption of plant-based packaging, recyclability focus, rising demand for specialty papers, and packaging solutions for e-commerce. Trends include innovations in coating materials, sustainable packaging, and convenience packaging.
What Are the Key Drivers Behind the Growth of 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. As sales of chocolate and sweets in the U.S. grew by 11% between 2020 and 2021, food contact papers used for packaging these products will experience heightened demand, supporting market growth.
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Who Are the Major Industry Players Fueling Food Contact Papers Market Expansion?
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.
Which Key Developments Are Influencing the Food Contact Papers Market?
In the food contact papers market, companies are innovating with sustainable packaging solutions such as kerbside recyclable paper wraps. These wraps, made from 100% recycled newsprint, are designed for recycling. For example, in March 2022, Wipak Walothen Gmbh, a German packaging company, introduced kerbside recyclable paper wraps for butter made from FSC-certified renewable paper. This solution reduces the carbon footprint by 68% compared to industry-standard wraps and is entirely recyclable once cleaned in the curbside paper waste stream.
How Is the Segmentation of the Food Contact Papers Market Defined?
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
Subsegments:
1) By Kraft Paper: Natural Kraft Paper, Bleached Kraft Paper
2) By Specialty Paper: Waxed Paper, Greaseproof Paper, Coated Paper
3) By Recycled Paper: Post-Consumer Recycled Paper, Post-Industrial Recycled Paper
4) By Other Materials: Silicone Coated Paper, Plastic-Laminated Paper
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What Is the Leading Region in the Food Contact Papers Market?
Asia-Pacific was the largest region in the food contact paper market in 2024. The regions covered in the food contact papers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Food Contact Papers Global Market Report?
- Market Size Analysis: Analyze the Food Contact Papers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Contact Papers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Contact Papers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Contact Papers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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