Packaging

Global Food Contact Paper Market

March 4, 2022
ID: SR/PG-11
Format:Pdf
Pages:220

Global Food Contact Paper Market By Product (Kraft Paper, Specialty Paper, Recycled Paper and Others), By Application (Bakery & Confectionery, Fresh food, Dairy Products, Fast food, Baby Food and others), By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2028.

Description

The food contact paper market was estimated at USD 22.4 Billion in 2021, and it is predicted to achieve USD 42.6 Billion in 2028 with a CAGR of 9.42% during the forecast period of 2022-2028. The expansion in consumption of comfort foods is causing the food packaging market. Convenience elements such as comfortable space, portability, and single-use packaging drive food packaging invention for processed foods. Visual attraction and convenience are the two factors that cause the growth of the food contact paper packaging market.

What is Food Contact Paper?

Several companies are expanding their use of food contact papers made from recycled materials to decrease packaging costs and improve environmental sustainability. The sustainability of food contact papers is increased as most of the raw materials are sourced from endurable forests. Therefore can recycle these effects multiple times, and non-recyclable products are readily biodegradable and compostable. The unfavorable results of aluminum and plastic packaging products on the environment cause the demand for eco-friendly and endurable packaging solutions such as food contact papers.

Growth Drivers

Increasing Need for Convenience Food to Aid Market Growth

Convenience food is utilized due to easy portability, long shelf life, and standing ready to eat. These food items consist of snacks, frozen food, finger food, candy, beverages, etc. These products usually demand less preparation time and are served hot in ready-to-eat containers. Increasing demand for ready-to-eat snacks due to a sedentary lifestyle is anticipated to fuel the convenience food market growth. Further, rising per capita disposable income with an increasing working population is the key element causing the market growth. Most customers are changing towards readily edible food, leading to the food packaging market growth.

Nowadays, due to the fast-moving lifestyle of consumers, there has been an increasing demand for fast food items. This increased demand has driven comfort food contact papermakers to develop products with better nutritional value and less toxic effects on the body. This high demand for convenience food contact paper directly increases the demand for food packaging, thus supporting the growth of this market.

Opportunities

Packaging Invention in the Food Industry to Favor Growth

The rising innovations in packaging maintain an opportunity for market growth. Packaging creates a crucial role in preserving food quality and guaranteeing food safety for the shelf-life duration. Plastic packages are very useful in performing creative development solutions. Plastic cling sheet is a widely utilized plastic packaging among various plastic packaging kinds today—the shift towards eco-friendly packages and advanced innovations in cling film. Packaging is shaping the market.

This innovation includes a wide scope of packaging options: intelligent packaging, attractive packaging, nanocomposites, edible/biodegradable packaging, and different types of packaging design. These packaging solutions improve market availability, inventory control, consumer education, improve shelf life and even provide the security and grade of the food product.

Restraints

Fast Transforming Technologies and Increasing Cost of Raw Materials to Food Contact Paper Market Growth

The inconsistent price of the raw materials impacts the packaging industry. Moreover, restrictions formed by the government and organizations over resource preservation are surging the price of these raw materials, which in turn is hindering the market growth. The technological improvement is not sponsored by raw material availability, hindering technological advancement in packaging solutions. High Paper raw materials costs are inducing inaccessibility to many new packaging technologies, and companies are dependent on traditional packaging, which impacts the economy and environment equally.

Pre Covid-19 Impact on Global Food Contact Paper Market

Before the covid-19 explosion, there was a growing demand for packaging solutions that provide maximum freshness throughout the supply chain until consumption. To accomplish this, manufacturers in the food contact paper market are expanding the availability of paper packaging resolutions that control oxygen from entering the food. Companies are expanding their R&D budget and collaborating with highly skilled and professional teams to develop translucent paper solutions that deliver a barricade to mineral oils and fatty foodstuffs. Manufactories in the food contact paper market augment the availability of compostable, recyclable, and aquatic biodegradable packaging keys with the help of renewable raw materials sourced from supported forests.

Covid-19 Impact on Global Food Contact Paper Market

The covid-19 outbreak has seriously affected the global packaging enterprise, including the paper industry. Discontinuation in the production business and shutdown of paper mills worldwide have determined the production of food contact paper. Moreover, lockdown across major regions, such as North America, South America, Europe, and the Asia Pacific, has shown the closure of leading foodservice outlets, thus reducing consumption of food contact paper. Furthermore, varying eating routines and smaller consumption of ready-to-use and outside food due to the Covid-19 explosion have influenced the demand for food contact paper.

Post Covid-19 Impact on Global Food Contact Paper Market

After the covid-19 outbreak, Reports by the World Health Organization such as the low risk of COVID-19 communication from food or food packaging is fueling change in the market, owing to an increase in consumption with the beginning of 2021. Environment-friendly cups created from mineralized polish coating are storming the European food contact paper demand and a great way to decrease waste and increase biodegradability and recyclability of materials. However, manufacturers require to meet strict European Union standards to indicate the effectiveness of materials due to food contact. Thus, manufacturers should improve their R&D budget and cooperate with skilled R&D teams to expand the availability of packaging materials that control oxygen from entering the food.

By segmental Product Analysis

Based on product segmental analysis, the market is bifurcated into Kraft Paper, Specialty Paper, Recycled Paper and Others. Kraft paper is the most accustomed material in packaging. The sulfate pulping method makes it. Natural Kraft paper is the most powerful of the common packaging papers and is utilized when the greatest strength is needed, such as in industrial bags, grocery bags, inner plies of multiwall sacks, or plain wrapping paper.

By segmental Application Analysis

Based on the application segment, the market is bifurcated into Bakery & Confectionery, Fresh food, Dairy Products, Fast food, Baby Food and others. The new Food segment carries the largest percentage in the global market owing to food manufacturers embracing paper-based packaging products. Similarly, consumers are also leaning towards different packaged food products due to their busy lifestyles. The electronics application segment is predicted to develop fast going ahead due to the global expansion of the electronics industry and the adoption of compact, lightweight electronic products, which obtains lucrative possibilities for Paper Packaging and Paperboard Packaging manufacturers.

By Regional Segmental Analysis

Based on regional segment analysis, the market is bifurcated into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific region will account for the most increased food contact paper market allocation throughout the forecast period. The increasing disposable income and the growing market for functional and packaged food products in the region contribute to Asia-Pacific’s food contact paper market growth.

Competitors Analysis

The Companies include 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, Seamen Paper Company, and other prominent global food contact paper market players.

Key Stakeholders

Recent Developments

In September 2020, Mondi PLC collaborated with BIOhof Kirchweidach, an organic farm in Bavaria, to construct a bearable packaging resolution for 500g packets of tomatoes on the vine to be delivered to PENNY marts, which large German retailer REWE Group holds. The project seeks to return the current packaging, which included 2.5 g of plastic film in each assembly, with a recyclable and plastic-free option.
In September 2020, Oji Holdings Corporation declared a partnership with Ishizuka Glass Co. Ltd in the paper container market. Given the high demand for non-plastic packaging, this partnership carries the shape of a joint venture.
In December 2019, Huhtamaki acquired most of the South Africa-based flexible packaging maker Everest Flexibles Limited processes to leverage the organization’s existing consumer base.
In January 2020, Huhtamaki accepted Mohan Mutha Polytech Pvt. Ltd., an Indian privately held adjustable packaging producer.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 22.4 Billion
The revenue forecast in 2028	USD 42.6 Billion
Growth Rate	CAGR of 9.42% from 2022 to 2028.
Historical data	2017 – 2020
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include 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. The key players are Indah Kiat Pulp & Paper Tbk, Asian Pulp & Paper Company, and Seamen Paper Company.

Market Modelling

By Product

Kraft Paper
Specialty Paper
Recycled Paper
Others

By Application

By Regional

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the estimated growth rate of the global food contact paper market in 2028?

The food contact paper market was estimated at USD 22.4 Billion in 2021, and it is predicted to achieve USD 42.6 Billion in 2028 with a CAGR of 9.42% during the forecast period of 2022-2028.

What are the covid-19 impacts on the global food contact paper market?

What are the major drivers for the growth of the global food contact paper market?

The rising innovations in packaging maintain an opportunity for market growth. Packaging creates a crucial role in preserving food quality and guaranteeing food safety for the shelf-life duration.

Who are the major players in the global food contact paper market?

The Companies include 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 and Seamen Paper Company are the key players in the global food contact paper market.

Which region is expected to have the largest share in the global food contact paper market?

Asia-Pacific has the largest share in the global food contact paper market.

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