PUBLISHER: The Business Research Company | PRODUCT CODE: 1414231
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414231
“Food Contact Paper Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food contact paper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food contact paper? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food contact paper market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Food contact paper is a variety of food packaging material designed to come into direct contact with food for the purpose of facilitating transportation, preventing contamination, and prolonging the shelf life of packaged food items. This particular type of food packaging paper possesses barrier properties, heat retention capabilities, and moisture emissivity, all of which contribute to enhanced food safety.
Food contact papers come in two main types, poly-coated and non-poly coated. Poly-coated paper is characterized by a layer of polyethylene coating, providing a protective barrier against moisture and grease. It is commonly employed in the packaging of food products such as take-out containers, paper cups, and fast-food wrappers. These papers are crafted from materials such as kraft paper, specialty paper, recycled paper, and other suitable materials, making them suitable for various applications in bakery and confectionery, fresh food, dairy products, fast food, baby food, and other related areas.
The food contact paper market research report is one of a series of new reports from The Business Research Company that provides food contact paper market statistics, including food contact paper industry global market size, regional shares, competitors with a food contact paper market share, detailed food contact paper market segments, market trends and opportunities, and any further data you may need to thrive in the food contact paper industry. This food contact paper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The food contact paper market size has grown steadily in recent years. It will grow from $71.55 billion in 2023 to $74.44 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The expansion observed in the historical period can be ascribed to concerns about consumer safety, the increased scope of the food packaging market, advancements in barrier coatings, initiatives toward sustainability, and the prioritization of convenience in consumer preferences.
The food contact paper market size is expected to see steady growth in the next few years. It will grow to $88.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The anticipated growth in the forecast period is linked to the integration of digitalization in packaging, the global expansion of the food packaging sector, a transition to bio-based materials, and the increasing demand for sustainable packaging. Noteworthy trends in the forecast period encompass antimicrobial properties, solutions in single-use packaging, emphasis on transparency and labeling, the utilization of biodegradable and compostable materials, and the adoption of customized and brand-specific packaging.
The anticipated surge in the food contact paper market is expected to be fueled by the increasing demand for bakery products in the near future. Bakery products, encompassing a diverse array of oven-baked food items such as bread, cakes, pastries, cookies, muffins, croissants, and bagels, represent a significant segment that extensively utilizes food contact paper for proper packaging. This is crucial in preserving the freshness and quality of bakery goods. As an illustration, a report from Agriculture and Agri-Food Canada in January 2023 revealed that Mexico imported bread and bakery food products valued at $198.5 million in 2021, with a corresponding import volume of 72.1 thousand metric tons. The United States held the largest market share at 79.2%, amounting to $157.2 million, while Canada emerged as the second-largest import market for Mexico, experiencing a noteworthy growth rate of 25.0% between 2017 and 2021. Hence, the escalating demand for bakery products is a driving force behind the food contact paper market.
The projected growth of the food contact paper market is expected to be propelled by the expanding food and beverage industry. This industry encompasses the production and distribution of a wide range of edible goods, including both fresh and packaged foods, as well as various beverages and processed food products. Food contact paper plays a pivotal role in ensuring the safety, preservation, convenience, and branding of diverse food items while adhering to regulatory standards within the food and beverage sector. For example, in 2023, the Food & Drink Federation reported that Scotland had 1,185 companies engaged in the manufacturing of food and beverages. Furthermore, exports of food and beverages experienced a notable 31% increase in 2022, reaching $10.18 billion (£8.1 billion). Additionally, the turnover from food and beverages accounted for $12.5 billion (£10.3 billion), representing 33% of total Scottish manufacturing. Consequently, the expanding food and beverage industry serves as a driving factor for the food contact paper market.
Sustainable and innovative packaging emerges as a prominent trend gaining traction in both the consumer and food contact paper markets. Leading companies in the food contact paper sector are dedicated to crafting sustainable and inventive packaging solutions for fresh food products, aiming to fortify their market positions. A case in point is Novolex, a US-based packaging product manufacturer, which introduced Power Prep in April 2023. This new line features laminated insulated packaging for fresh food, utilizing non-fluorinated oil-and-grease-resistant paper laminated with a honeycomb pattern to create an insulated layer. The Power Prep packaging exhibits enhanced puncture resistance compared to traditional foil or foil/paper structures, and its anti-curling capabilities facilitate flat sheeting during large-scale food product assembly.
Partnerships are a strategic initiative among major companies in the food contact paper market to boost revenues. These collaborations play a crucial role in fostering innovation, ensuring regulatory compliance, and advancing sustainability in the food contact paper industry, with overarching benefits for manufacturers, consumers, and the environment. An illustration of such collaboration is the partnership between Ahlstrom, a Finland-based fiber-based company, and The Paper People, a US-based sustainable packaging company, announced in August 2023. Their joint efforts aim to develop a fiber-based frozen food packaging solution, designed to replace conventional fossil-based plastics and films commonly used in frozen food packaging.
In September 2021, Huhtamaki, a Finnish food packaging company, acquired Elif Holding AS for $422 million. This strategic acquisition positions Huhtamaki as a key player in the flexible packaging market within emerging economies. Simultaneously, it enhances the company's existing flexible packaging portfolio in high-demand consumer goods segments. Elif Holding AS, a Turkish flexible packaging company, specializes in the manufacturing of food packaging paper and films.
Major companies operating in the food contact paper market report are Mondi plc, Westrock Company, Pudumjee Paper Products Ltd., Asian Pulp & Paper Company, Ahlstrom- Munksjo Oyj, Georgia-Pacific LLC, Twin River Paper Company, UPM-Kymmene Corporation, Schweitzer-Mauduit International Inc., SCG Packaging Public Company Limited, PT. Indah Kiat Pulp & Paper Tbk, Business Process Management, Seaman Paper Company, Maesindo Indonesia, PT Parisindo Pratama, Harwal Group of Companies, Huhtamaki Oyj, International Paper Company, Smurfit Kappa Group, Stora Enso Oyj, Sappi Limited, Metsa Board Corporation, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Daio Paper Corporation, Rengo Co. Ltd., Shandong Chenming Paper Holdings Limited, Fujian Liansheng Paper Industry Co. Ltd., Guangdong Guanhao High-Tech Co. Ltd., Lee & Man Paper Manufacturing Limited, Nine Dragons Paper (Holdings) Limited, Shanying International Holdings Co. Ltd., Shenzhen Jinjia Group Co. Ltd., GM Packaging Ltd., Superiorpaper Pty Ltd., KRPA Holding CZ a.s., SK Hynix Inc., Nordic Paper
North America was the largest region in the food contact paper market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global food contact paper market report during the forecast period. The regions covered in the food contact paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the food contact paper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The food contact paper market consists of sales of corrugated board, solid bleached sulfate (SBS) paperboard, and coated paper. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.