Market Research Report
Food Contact Paper and Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945271|
|Published||Content info||104 Pages
Delivery time: 2-3 business days
|Food Contact Paper and Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 104 Pages||
The global food contact paper and board market grew at a CAGR of 6.5% during 2014-2019. Food contact paper and board, or food contact materials (FCMs), refer to the packaging products used during processing, preparation, storing, serving and consumption of edible products. These packaging products are designed for convenient food storage and ease in food serving and disposal, along with protecting the contents from contaminants, such as air, dust, moisture and grease. Corrugated boards, folding cartons, wrapping paper, paper bags and cup stock boards are the most common types of food contact materials available in the market. They are majorly used for packing bakery products, groceries, beverages, ready-to-eat meals and dairy products.
The growing food and beverage industry represent as one of the key factors driving the growth of the market. Furthermore, the implementation of favorable policies promoting the use of paper-based contact paper and boards as an alternative for plastic and aluminum packaging materials is acting as another growth-inducing factor. Owing to growing environmental consciousness and enhanced focus on the sustainable way of living, consumer preferences are rapidly shifting toward bio-degradable and compostable food packaging products. Additionally, the growing demand for ready-to-eat and packed foods, along with a significant increase in the number of fast-food serving cafes, restaurants and hotels, is also creating a positive outlook for the market growth. With evolving lifestyles and increasing preference for hygienic foods, several brands and companies are opting for food-grade contact papers and boards, which are utilized for safe distribution and transportation of food products. Other factors, including rapid urbanization and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the market to exhibit a moderate growth during the next five years.