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Global Grease Resistant Packaging Market Driven by Rapid Growth of the Fast Food Market Among Consumers

12-09-2016 11:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Research Reports

/ PR Agency: Transparency Market Research
Grease resistant packaging is a type of packaging mainly used for fast food packaging. Grease resistant packaging are used to keep the food clean and crisp and repel to grease, oil and waxes. The main characteristics of the grease resistant packaging includes excellent printability, fold ability and are made of virgin fiber. Moreover, the grease resistant packaging are sustainable type of packaging, which is manufactured using renewable resources. Overall, the global grease resistant packaging market is anticipated to register healthy growth rate over the forecast period.

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Global Greases Resistant Packaging Market: Drivers & Restraints

The growth of global grease resistant packaging market is driven by the demand for effective and clean packaging for the fast foods that come in contact with the food. Rapid growth of the fast food market, which is estimated to be a hundred billion market growing at a significant pace is anticipated to fuel the growth of resistant packaging market globally. People are more inclined towards packaged food nowadays, and frequently seek for their favorite snack and are willing to spend more on packed foods. Thus, the change in eating habits of the consumers globally can be further attributed to the growth of global grease resistant packaging market. Moreover, the grease resistant packaging material has to be compliant with the European and FDA (Food and Drug Administration) regulations for contact of aqueous and fatty food with grease resistant packaging. The above mentioned factors along with the awareness among people regarding cleanliness of packaged food and hygiene are driving the global market for grease resistant packaging. Trends prevailing in the global grease resistant packaging market is innovative product launches by the grease resistant packaging manufacturers, for instance, ZANDERS GMBH, recently launched flexible grease resistant packaging specially for products containing fat, the company is focusing on launching grease resistant packaging that are suitable for mineral oils, steam and also works as an aroma protection. Furthermore, use of recycled fiber from waste paper to manufacture grease resistant packaging is another prominent trend noted among the manufacturers. However, limitations of the grease resistant packaging such as, transparency of the grease resistant packaging paper, which allows the passage of ultra violet rays to wrapped foods, which detriments the food. These are some factors which might hamper the growth of grease resistant packaging market growth.

Global Grease Resistant Packaging Market: Segmentation

The global grease resistant packaging market is segmented on the basis of grease resistant packaging grades, materials, applications and region

On the basis of grease resistant packaging grades, the global grease resistant packaging market is segmented into:

LGR (Low Grease Resistant)
MGR (Medium Grease Resistant)
HGR (High Grease Resistant)

On the basis of materials, the global grease resistant packaging market is segmented into:

Fibre Crop
Paper Chemicals
Papyrus
Wood Pulp
Algal Bloom

On the basis of applications, the global grease resistant packaging market is segmented into:

Laminated Food Pouches
Food Service Bags
Concession Bags
Consumer Bags
QSR (Quick Service Restaurant) Pouches
Sandwich Wraps
Liners
Deli Wraps
Food Packaging

Grease Resistant Packaging Market: Regional Outlook

Based on the geographies, global grease resistant packaging market is segmented into five key regions - North America, Latin America, Europe, APAC, and Middle East & Africa. Among the aforementioned regions, Asia-pacific accounts for significant share for grease resistant packaging market, owing to the large consumption of fast foods in the region as compared to other regions. Furthermore, the significant growth of food industry and a healthy FMCG (Fast Moving Consumer Goods) market in the region is anticipated to further add value to the market. North America market for grease resistant packaging is followed by the Asia-Pacific market for grease resistant packaging market which is trailed by the Europe market for the grease resistant packaging. The regulations related to the grease resistant packaging material in the Europe and North American region is also fueling the market for grease resistant packaging market in respective regions. Overall, the global market for grease resistant packaging offers a positive outlook.

Global Grease Resistant Packaging Market: Key Players

Some of the few players identified in the global grease resistant packaging market include Mondi, Hydon Paper Co Ltd, The Chemours Company, ZANDERS GMBH, Twin Rivers Paper Company, KRPA Holding CZ, a.s., Matera Paper Company, Inc., Domtar and Ahlstrom Corporation among others.

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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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