Global Food Wrapping Paper Market Size, Share, Growth Analysis, By Product type(Plastic and Paper), By End use(Hotels, Restaurants)

Description

Global Food Wrapping Paper Market size was valued at USD 343.33 billion in 2021 and is poised to grow from USD 362.9 billion in 2022 to USD 562.3 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

The market for food packaging wrapping paper is driven by the need for hygienic and convenient packaging solutions for various food items. Food wrapping papers are made from materials such as kraft paper, wax-coated paper, foil paper, and biodegradable materials like polyethylene and polypropylene. These papers come in different thicknesses and are used to wrap fast food items such as chicken, pizza, sandwiches, and burgers, among others. The increasing digitization of foodservice operations is expected to contribute to market growth as more foodservice suppliers adopt convenient payment methods and cater to customers' taste and health preferences. In the United States, the market is influenced by factors such as a growing urban population, which leads to increased consumption of packaged food and the popularity of single-serve packs. The presence of recycling infrastructure for plastics, metals, and glass also supports the market. However, concerns about waste resulting from improper packaging practices may hinder market growth.

Globally, the rising demand for on-the-go and fast food drives the need for food wrapping paper. These papers offer convenient storage and help keep the food warm and fresh for longer periods. They also serve as a platform for branding and attracting customers, enhancing market brand equity. Nevertheless, the volatility of raw material prices, particularly polypropylene and aluminum, poses a challenge to the growth of the food wrapping paper market.

Segments covered in this report:

The Food Wrapping Paper Market is segmented based on the Product type, end use and region. Based on product type, the market is segmented into Plastic and Paper. Based on end use, the market is segmented into Hotels, Restaurants, Cafes, Fast Food Outlets, Cinema, Airlines & Railway Catering, Institutions and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The global food wrapping paper market is experiencing growth driven by the increasing demand for sustainable food wrapping options. Traditional food service disposables made of materials like polystyrene and polypropylene have raised concerns due to their poor biodegradability and negative impact on the environment. In response, vendors are developing compostable wrapping paper and other eco-friendly products to meet the demand for sustainable packaging solutions. Paper wrapping has emerged as a cost-effective and environmentally friendly alternative to metals and plastics. The implementation of stricter regulations and bans on single-use plastics further contribute to the demand for sustainable food packaging solutions, including food wrapping paper. The focus on sustainability and environmentally friendly practices is a significant driver of the market's growth in the food wrapping segment.

Restraint

The fluctuating prices of raw materials pose a challenge to the growth of the global food wrapping paper market. Raw materials such as kraft paper, which is derived from unbleached pulp, have experienced price increases in recent years. This has led some food wrapping paper manufacturers to raise their prices accordingly. For instance, Sappi Europe and Lecta Ltd. implemented price increases on various paper grades. These fluctuations in raw material prices can hinder the growth of the market during the forecast period.

Market Trends

The adoption of innovative and reusable materials for food wrapping paper manufacturing is a significant trend expected to have a positive impact on the industry. The demand for sustainable packaging and the reduction of plastic usage are driving the popularity of reusable packaging, including reusable food wrapping paper. These reusable materials are typically long-lasting and can be washed and reused multiple times. Beeswax wraps, for example, are a waterproof and reusable option for wrapping various food items such as burgers, sandwiches, cheese, bread, fruits, and vegetables. The growing popularity of reusable food wrapping paper is a key trend that is expected to contribute to market growth in the food wrapping paper industry.

Product Code: SQMIG15H2013

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Food Wrapping Paper Market by Product type

Market Overview
Plastic and Paper

Global Food Wrapping Paper Market by End use

Market Overview
Hotels
Restaurants
Cafes
Fast Food Outlets
Cinema
Airlines & Railway Catering
Institutions and Others

Global Food Wrapping Paper Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Amcor plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Berry Global Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mondi Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huhtamaki Oyj
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sealed Air Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Reynolds Group Holdings Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Graphic Packaging International, LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Smurfit Kappa Group plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
WestRock Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
International Paper Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DS Smith Plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Uflex Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SCG Packaging Public Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BillerudKorsnäs AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sappi Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nippon Paper Industries Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ahlstrom-Munksjo Oyj
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Paper Mills Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Michelman Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Glatfelter Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Food Wrapping Paper Market Size, Share, Growth Analysis, By Product type(Plastic and Paper), By End use(Hotels, Restaurants) - Industry Forecast 2023-2030