MARKET OVERVIEW- GLOBAL FOOD CONTACT PAPER MARKET
Growing demand for frozen food and increase in demand for sustainable and eco-friendly food packaging acts as a vital factor escalating the market growth. Moreover, growing evidence that food packaging is transporting SARS-CoV-2 across international borders is expected to act as a major factor driving the food contact paper market. In addition to that, growing initiatives by companies to reduce their carbon footprint are influencing the adoption of food contact paper across the world. will further create new opportunities for food contact paper market.
Increased demand for food contact papers as the main packaging material for various food products such as baked food, confectionery, meat, snacks and grain mill products. The increase in demand for sustainable and eco-friendly food packaging has increased the demand for food paper packaging. Rising awareness about the environment, and increasing government initiatives to ban plastic and sustainable packaging solutions drive the growth of the food contact paper market. Further, growing initiatives by companies to reduce their carbon footprint increase the adoption of food contact paper across the globe. In addition, the growing e-commerce sector is increasing demand for various products such as packaged food and groceries, which has boosted the use of food contact papers.
The growing demand for recyclable and biodegradable packaging and the growing demand for ready-to-eat and packaged food created major opportunity for the food contact paper market. As the biodegradable and recyclable packaging has been an attractive alternative to single-use packaging options for both consumers and manufacturers. Food service packaging generates a significant amount of waste in landfills in the US. As per a report published by the United States Environmental Protection Agency, food waste and packaging account for the majority of the landfilled materials in the US. Since paper packaging is biodegradable, it is preferred over recyclable packaging.
The increased penetration by aluminum foil packaging restrain the growth of the food contact paper market. In addition, stringent government regulations by European Food Safety Authority and the Food and Drug Administration (FDA), U.S. is expected to acts as a restraining factor for the market.
MARKET GROWTH CHALLENGES
The instability in the price of raw materials reduce the profit margin of the vendors owing to increased production costs, which act as a major challenge to the growth of the food contact paper market. Moreover, growing awareness about use of harmful chemicals in packaging to improve the functionality and translucency of materials is challenging market demand in forecasted period.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of global food contact paper market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various food contact paper in various applications has led the increasing demand for market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.
FOOD CONTACT PAPER MARKET SEGMENTAL OVERVIEW
The global food contact paper market comprises of different market segment like product type, application and geography.
FOOD CONTACT PAPER MARKET BY TYPE
The types studied in the global food contact paper market are
- Kraft paper
- Greaseproof paper
- Parchment paper
The Kraft paper accounts for the largest share in the food contact paper market. Kraft paper is basically a paperboard which is produced from the chemical pulp through Kraft papers. The rise in demand for Kraft papers in various end-use industries such as food and beverages, cosmetics and personal care and consumer durables is a key factor boosting the demand for Kraft paper. The natural Kraft paper has a pure virgin fiber, which makes it an ideal food contact packaging solution. Due to the strength of natural, Kraft paper it is being increasingly used as a grocery bag for fresh fruits and vegetables. Kraft paper is increasingly used for manufacturing various food contact papers, including paper bags, paper sacks, wrapping paper and paper plates.
FOOD CONTACT PAPER MARKET BY APPLICATION
The applications of the food contact paper market are,
- Bakery products
- Frozen foods
- Fast food
The bakery product segment accounted for the largest share in the food contact paper market. The food contact paper is increasingly used in the bakery sector, which includes the use of parchment paper owing to its heat-resistant quality. Parchment paper provides a non-stick surface to bake on. The food contact paper allows a very rapid turn-around of batches of baked goods with minimal clean up. The increasing adoption of food delivery systems by various restaurants and hotels is expected to increase demand for the low cost of food contact paper in the bakery sector.
FOOD CONTACT PAPER MARKET BY GEOGRAPHY
The global food contact paper market is studied for the following region
- North America
- Rest of the world (RoW)
Asia-pacific is likely to witness a rising demand for food contact paper across the country. The growing food and beverages industry, along with a ban on single-use plastics among various nations in the region, boosted the food contact paper market. Furthermore, the increasing demand for packaged food products by the growing population is expected to boost the market growth in the Asia-Pacific region. In several Asian countries, an increasing demand for eco-friendly and sustainable packaging solution solutions, which will increase the demand for food contact paper in the Asia-Pacific region.
COVID-19 IMPACT ANALYSIS ON GLOBAL FOOD CONTACT PAPER MARKET
The repercussions of the pandemic have been described in detail in this report. The varied observations made by the Axiom market researchers provide accurate information about each point surrounding the growth of the single-domain antibody platforms market. Report provides complete analysis of changes in the global market expenditure, economic and international policies on the supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, and GDP and marketing strategies of key players present in the market.
The situation of the global pandemic of COVID-19 has affected the normal lives of people in the worst situation possible. The outbreak of COVID in the food contact paper market caused distribution since it spread across the globe and it has had a negative impact on the food contact paper market. Owing to the situation of lockdown and post-lockdown situation, most of the manufacturing units were shut down, which has pushed the economy toward recession which caused lowered product demand. Further, due to the shortage of raw material and labor, shutdown of factories and other operational difficulties Under COVID-19 pandemic safety protocols, manufacturers of packaging products observed. There is reduction in sales. Also, there is a shift in the lifestyle of consumers and their changing eating patterns and reduced the consumption of ready-to-go food reduced the demand for food contact papers. However, after lifting the lockdown by several countries, the demand for food contact paper has increased with increases in the e-commerce sector, which created demand for packaged food, fuels the food contact paper market.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of food contact paper market is majorly focused on expanding the global growth of food contact paper with new product innovation, business expansion, increasing presence of range of manufacturer operating in food contact paper has led the growing demand for the market. Besides, the market offers range of products in different application to fulfill the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
- Mondi Plc
- Twin River Paper Company
- Nordic Paper
- Schweitzer-Mauduit International, Inc.
- KRPA Holding CZ, a.s.
- SCG Packaging PCL
- Ahlstrom-Munksjo, Harwal Group of Companies
- PT. Indah Kiat Pulp & Paper Tbk
- Asian Pulp & Paper Company, Westrock Company
- Pudumjee Paper Products
- BPM Inc.
- Seaman Paper Company
September 2022: UPM Specialty Papers launches new food-safe, pulpable and recyclable, FDA and BfR compliant and safe for direct food contact paper.
January 2019: Leucophor AFCN liquid has received approval for use in food-contact paper and paperboard under FDA Food Contact Notification 1921