Food Contact Paper Market Forecast 2024-2033

Overview and Scope
Food contact paper is a form of food packaging material that comes into contact with food to expedite transportation, avoid contamination, and extend the shelf life of packed food items. This type of food packaging paper has barrier qualities, heat retention, and moisture emissivity, all of which contribute to increased food safety.

Sizing and Forecast
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 growth in the historic period can be attributed to consumer safety concerns, market expansion in food packaging, innovation in barrier coatings, sustainability initiatives, consumer preferences for convenience.

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 growth in the forecast period can be attributed to digitalization in packaging, global food packaging growth, shift to bio-based materials, sustainable packaging demands. Major trends in the forecast period include antimicrobial properties, single-use packaging solutions, transparency and labeling, biodegradable and compostable materials, customized and brand-specific packaging.

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Segmentation & Regional Insights
The food contact paper market covered in this report is segmented-

1) By Type: Poly Coated, Non-Poly Coated
2) By Material: Kraft Paper, Specialty Paper, Recycled Paper, Other Materials
3) By Application: Bakery And Confectionery, Fresh Food, Dairy Products, Fast Food, Baby Food, Other Applications

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

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Major Driver Impacting Market Growth
Rising demand for bakery products is expected to propel the growth of the food contact paper market in the coming future. Bakery products refer to a wide range of food items that are baked in an oven, such as bread, cakes, pastries, cookies, muffins, croissants, and bagels. The bakery industry is one of the major users of food contact paper, as bakery products like bread, cakes, pastries, and cookies require proper packaging to maintain their freshness and quality. For instance, in January 2023, according to the report published by Agriculture and Agri-Food Canada, a department of the Government of Canada, the value of bread and bakery food products imported by Mexico from around the world in 2021 amounted to $198.5 million, with an accompanying import volume of 72.1 thousand metric tons. The primary suppliers to Mexico were the United States, accounting for 79.2% of the market share ($157.2 million), followed by Canada at 4.7% ($9.4 million). Notably, Canada emerged as the second-largest import market for Mexico, with a significant growth rate of 25.0% between 2017 and 2021. Therefore, the rising demand for bakery products is driving the food contact paper market.

Key Industry Players

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, Metsä 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

The food contact paper market report table of contents includes:

1. Executive Summary
2. Food Contact Paper Market Characteristics
3. Food Contact Paper Market Trends And Strategies
4. Food Contact Paper Market – Macro Economic Scenario
5. Global Food Contact Paper Market Size and Growth
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31. Global Food Contact Paper Market Competitive Benchmarking
32. Global Food Contact Paper Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Contact Paper Market
34. Food Contact Paper Market Future Outlook and Potential Analysis
35. Appendix

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