Food Contact Paper Market Highlights over 2020-2029
The global food contact paper market is estimated to garner a considerable CAGR over the forecast period, i.e., 2021–2029. The growth of the market can be attributed to the growing demand for safe food packaging solutions and rising awareness regarding the harmful impact of plastic packaging on health. Use of polyethene and other single use plastics not only contaminate the food, but also have an adverse environmental impact. Stringent government regulations on use of plastics in many countries around the globe, is further estimated to boost the market growth. Moreover, paper is biodegradable and recyclable, which is estimated to boost the demand for paper for food packaging, which, in turn, will promote the market growth. As per the data by the U.S. Environment Protection Agency, in 2018, paper containers and packaging amounted to 41.9 million tons of Municipal Solis Waste, out of which, 80.9% waste was recycled.
The market is segmented by type into poly coated, and non-poly coated, out of which, the poly coated segment is anticipated to hold the major share in the market during the forecast period owing to its longer durability, and strength. Poly coated contact paper is used in packaging of various food products ranging from dry to semi-wet foods. On the basis of application, the market is segmented into bakery products, frozen foods, confectionary, fast foods, and others, out of which the bakery products segment is anticipated to gain significant market share over the forecast period on the back of ease of packaging solid and dry bakery products, such as, bread, biscuits, and cakes, along with the increasing demand for such foods.
Global Food Contact Paper Market Regional Synopsis
Regionally, the global food contact paper market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period on the back of growing food and beverages industry, coupled with ban on single-use plastics among various nations in the region. Moreover, the increasing demand for packaged food products backed by the growing population, is anticipated to encourage the market growth. The market in the North America region is also estimated to witness significant share in the market over the forecast period, owing to rising demand for ready-to-eat foods and fast food along with the growing awareness about environment conservation.
The global food contact paper market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global food contact paper market includes the following segments:
By Type
- Poly Coated
- Non-Poly Coated
By Product
- Wraps
- Bags
- Corrugated Cardboard
- Others
By Application
- Bakery Products
- Frozen Foods
- Confectionary
- Fast Food
- Others
Growth Drivers
- Increasing Demand for Food-Safe Packaging Solutions
- Biodegradable Nature of Paper Packaging
Challenges
- Risk of Spread of Germs through Contact Paper
Top Featured Companies Dominating the Market
- The WestRock group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Asia Pulp & Paper Group (APP)
- Seaman Paper Co.
- SCG Packaging Public Company Limited
- Pudumjee Paper Products Limited
- BPM Inc.
- KRPA Holding
- Nordic Paper
- Twin Rivers Paper Company Inc.
- Mondi plc
