Food Contact Paper Global Market
The Food Contact Paper Global Market Report 2023, provides comprehensive information on the food contact paper market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Food Contact Paper Global Market Report 2023, the market size is expected to grow from $68.99 billion in 2022 to $71.55 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food contact paper market size is expected to reach $84.03 billion in 2027 at a CAGR of 4.1%.
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Sustainable and innovative packaging is a key trend gaining popularity in the consumer and food contact paper markets. Major companies operating in the food contact paper market are focused on developing sustainable and innovative packaging solutions for fresh food products to strengthen their position in the market. For instance, in April 2023, Novolex, a US-based manufacturer of packaging products, launched Power Prep, a new line of laminated insulated packaging for fresh food. Novolex’s Power Prep uses non-fluorinated oil-and-grease-resistant paper that is laminated with a honeycomb pattern to create an insulated layer. The packaging is also more puncture-resistant than traditional foil or foil/paper structures and features anti-curling capabilities to allow for flat sheeting when assembling food products at scale.
The food contact paper market 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 2022.
The table of contents in TBRC’s food contact paper market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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