Food Contact Paper Market Forecast to 2028

The global food contact paper market was valued at US $ 68.6 billion in 2020 and is expected to reach US $ 97.8 billion by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. Food contact papers are used as primary packaging materials for various food products, such as baked goods, confectionery, meat, snacks and grain mill products.

New York, January 7, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Food Contact Paper Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type, Application and Geography” – https : / /www.reportlinker.com/p06195594/?utm_source=GNW
Papers are sustainable alternatives to many other food packaging materials, such as plastic and glass.

Growing initiatives by companies to reduce their carbon footprint are influencing the adoption of food contact paper around the world. The increased demand for sustainable and environmentally friendly food packaging has also increased the demand for food paper packaging.

On the basis of applications, the global food contact paper market is segmented into bakery and confectionery; dairy products; fruits and vegetables; meat, fish and poultry; et al. In 2020, the bakery and confectionery segment accounted for a significant share of revenue.

Food contact paper is used more and more in the bakery and confectionery sector. Parchment paper is used in baking because it is heat resistant and provides a non-stick surface for baking.

The common use of parchment paper is to eliminate the need for grease traps. It also allows for very fast batch rotation of baked goods with minimal cleanup.

Grease resistant paper is also an ideal solution for baked goods as it can withstand a wide range of environments from hot oven to freezer and humidity.

Geographically, the food contact paper market is segmented into North America, Europe, Asia-Pacific (APAC), South and Central America, and Middle East and Africa (MEA). In 2020, Asia-Pacific dominated the global food contact paper market and is expected to continue to dominate during the forecast period.

The growth of the restaurant industry in Asian countries, growing environmental awareness, increasing government initiatives to ban plastic packaging in several Asian countries are expected to accelerate demand for environmentally friendly packaging solutions and durable, which would stimulate the growth of food contact paper. Asia-Pacific market.

Many industries, such as the chemicals and materials industry, have faced unprecedented challenges due to the COVID-19 pandemic. products faced a contraction in sales during the first few months of the pandemic.

In addition, the change in consumers’ lifestyle and their changing eating habits have reduced the consumption of ready-to-eat and outdoor foods due to the spread of the virus, which has negatively affected the demand for consumer papers. food contact. However, as several countries lift the lockdown with appropriate precautionary measures, demand for food contact papers is likely to get back on track.

As the lockdown has been imposed in various countries, the e-commerce industry has seen significant demand for various products, such as packaged foods and groceries, including fresh vegetables and fruits, due to the shutdown. offline stores, which has fueled the use of food contact papers. .

Mondi; Westrock Company; Georgia-Pacific LLC; Twin River Paper Company; UPM; Ahlstrom-Munksjö; GM Packaging (UK) Ltd; Superiorpaper Pty Ltd. TopCare; and KRPA Holding CZ, as well as among the major players operating in the global food contact paper market.

The overall global food contact paper market size has been derived based on primary and secondary sources. To begin the research process, an exhaustive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

In addition, several primary interviews were conducted with industry participants to validate the data, as well as to gain more analytical information on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the global food contact paper market. .
Read the full report: https://www.reportlinker.com/p06195594/?utm_source=GNW

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