Global Food Contact Paper Market

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Global Food Contact Paper Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2020 at a CAGR of XX% during the forecast period.

Food contact paper is commonly used for food packagingfor example, bakery products, fruits, liquids and beverages, and takeaway foods.Food packagepaper is becoming the material of choice for food packaging by consumers and manufacturers, as a packaging of a product plays an important role in the demand of a product manufacturers aiming at product innovation that offers moisture-resistance, grease resistance and temperature resistance.

The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by containers

The report has profiled fourteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. Major countries policies about manufacturing and their impact on market demand are covered in the report.

Global Food Contact Paper Market Dynamics

Factors such as convenience and use of high-performance material in food packaging are expected to aid the industry growth. Improved shelf-life, coupled with heightened efficiency in the prevention of content contamination is expected to boost the growth of the market. In addition, factors such as increasing population, rising disposable income, and shrinking households have a positive impact on the market.

Online Food service companies such as UberEats, Swiggy, Foodpanda, zomzto, WHYQ, etc. are penetrating the market further on the back of changing eating habits and a wide range of food items offered by food outlets on these online ecommerce platforms. The ecommerce platform has witnessed significant market growth over the past few years and projected to remain same during the forecast period.Also, the demand for lightweight materials for packing food and beverages is one of the major trends in the market. Vendors are developing lightweight and high-performance paper grades to reduce cost, improve performance, and stay compliant. Low material consumption during manufacturing reduces the environmental impact during the entire process. Thus, the increasing demand for lightweight materials will drive the food contact paper market growth during the forecast period.

Global Food contact paper Market Segment Analysis:

Global Food contact paper Market, by Type

• Kraft paper

• Specialty Paper

• Recycled Paper

Global Food contact paper Market, by Thickness

• Up to 30 GSM

• 30-50 GSM

• Above 50 GSM

On the basis of thickness, up to 30 GSM is expected to be the most preferred segment to manufacture Food contact paper. The target segment is anticipated to offer total incremental opportunity of US$ XX Mn during the forecast period.

Global Food contact paper Market, by Application

• Bakery & confectionary products

• Dairy products

• fresh Food

• Fast Food

• Baby Food

• Others

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On the basis of application, bakery and confectionery products are generally packed in high moisture barrier packaging in order to extend their shelf life.

Consumer preference toward dairy products in smaller packs due to shrinking households is anticipated to augment market growth. Adoption of attractive Food packaging strategies by manufacturers is also likely to boost the segment growth. Moreover, the rising demand for dairy products such as yogurt and ice cream is expected to augment the growth. These factorsboosting the dairy products market growth of XX% during forecast period.

Global Food contact paper Market, by End-Use

• Hotels & restaurants

• Bakeries & cafes

• Fast Food outlets

• movies & cinemas

• Airline & railway catering

• others

Global Food Contact Paper Market1

North America is expected to account for the largest market share of xx% during the forecast period.

The NorthAmerica is expected to be fueled the growth in forecasting period due to increasing urban population leading to growth in consumption of packaged Food and rising popularity of single-serve packs. The market is also supported by an increasing infrastructure for the recycling of plastics, metals, and glass however; concerns regarding wastage due to improper packaging may hamper the growth.

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KEY PLAYERS-

• 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

This Report Is Submitted By : Maximize Market Research Company

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