Press release
Global Grease Resistant Packaging Market Highest Growth In Packaging Industry by 2024
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.
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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.
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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
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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