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A recent report published by Infinium Global Research on food contact paper market provides in-depth analysis of segments and sub-segments in the global as well as regional food contact paper market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food contact paper market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food contact paper market.
Food contact paper is commonly utilized for various food-related purposes, such as baking, packaging, and transportation, as the paper that can come into contact with food and drinks. Paper materials have been used as food contact paper for centuries. It is the most versatile packaging material available on the market. The paper material can be gentle or strong, permanent or temporary, cheap or expensive, in plenty or limited. When the packaging comes in contact with consumables, the other packaging material has the potential to transfer substances such as metals, colorants, antioxidants, and plasticizers that can cause contamination. To ensure food safety, most manufacturer uses high-quality paper material that does not contaminate the food. Additionally, it is important to have properties such as adsorbents and functional barriers. The paper manufacturer should provide a detailed description of the tests necessary to confirm that the material quality complies with legal requirements and is safe for use with food.
The increasing demand for food contact paper due to the constant expansion of the food and beverage sector is further expected to propel the growth of the food contact paper market during the projected period. Moreover, the market is likely to receive a boost from the escalating adoption of food contact paper by meal delivery service providers. The meal delivery services are provided by many fast food chains, restaurants, and hotels. The growing number of hotels and restaurants or fast food chains which provide food delivery services. To deliver the food product in good condition to the consumer the service provider uses high-quality food contact paper for packaging. This factor is supporting the growing demand for the food contact paper market over the projected period. For instance, Zomato provides food delivery services across the globe. Till June 2023, the platform had 226,000 average monthly active food delivery restaurant partners and 352,000 average monthly delivery partners, in India. In addition, in the fiscal year 2023, Zomato has 647 million orders to 58 million customers, across more than 800 cities in India. Moreover, the popularity of high-quality alternative packaging materials, such as plastic and aluminum hampers the overall market growth of the food contact paper market. Furthermore, the rising demand for environmentally friendly and sustainable packaging solutions is presenting lucrative growth opportunities for the growth of the food contact paper market.
Among the geographies, the Asia Pacific region is expected to hold the largest share of the global food contact paper market. The expansion of the food and beverage sector is primarily driving the growth of the market in the region. In addition, the governments working in the region ban single-use plastics, which is expected to drive the growth of the food contact paper market in the Asia-Pacific region over the projected period. Moreover, the rising demand for packaged food items in emerging countries across the region due to the growing population in the region is expected to further fuel food contact paper market expansion. Additionally, the rising trend towards environmentally friendly and sustainable packaging solutions in several Asian countries is providing growth opportunities for market expansion in the region. As a result, due to these several factors, the demand for food contact paper in the Asia-Pacific region is anticipated to increase which enhances the growth of the market in the region over the projected period.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 74.12 Billion |
| Market Size by 2030 | USD 118.21 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 5.21% |
| Largest Market | Asia Pacific |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Product, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global food contact paper market covers segments such as product, and application. On the basis of product, the sub-markets include folding carton, corrugated board, paper bags, cupstock board, and others. On the basis of application, the sub-markets include bakery and confectionery, dairy products, fruits and vegetables, dry groceries, frozen foods and meat products, and others.
The report provides profiles of the companies in the market such as Cryopak, Huhtamaki, Georgia-Pacific LLC., International Paper, Mondi, Nordic Paper Holding, NIPPON PAPER INDUSTRIES CO., LTD., Smurfit Kappa, Sonoco Products Company, and WestRock Company.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the food contact paper market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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