Food Contact Paper Market with New Growth Prospect By Top Key Players and Forecast 2021-2027

According to Nova One Advisor Reports, the global Food Contact Paper market at a modest CAGR of 5.2% during the prediction period 2021 to 2027.  Food contact paper is predominately used in the food service industry in the packaging of a wide range of food items. The growing demand for paper-based packaging solutions for food is anticipated to bolster the sales of food contact paper during the foreseeable future. Nova One Advisor team segmented the food contact paper market based on material, thickness, application, and end use. Based on thickness, up to 35 GSM segment of the global food contact paper market is estimated to account for a major market share, and expected to drive the overall food contact paper market during the forecast period.

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High Demand for Fast Food to Supplement Sales of Food Contact Paper

The global food contact paper market is significantly driven by the demand generated from and food service industry. Food contact paper is used for packaging of several food items such as burgers, pizza, wraps & rolls, sandwiches, and others. The global fast food segment has experienced robust market growth in the past couple of years as a result of increased consumer inclination toward readymade and pack food items due to busier lifestyles. The growing demand for on the go and fast food items worldwide is creating massive demand for food packaging solutions, including food contact paper. Furthermore, increasing number and rapid penetration of food service retailers across the emerging economies are further offering lucrative opportunities for food contact paper manufacturers to maximize sales. All these factors are anticipated to positively impact the food contact paper market.

Preference for Eco-friendly Packaging to Bolster Market Growth

The rising demand for eco-friendly packaging has led to increase in demand for packaging solutions that can be recycled. Leading as well as small-scale industry players operating in the global food service industry are inclining toward sustainable packaging and promoting environment-friendly packaging.  These market players are actively planning to eliminate harmful plastic packaging products from their food packaging needs. This can be attributed to the increasing pressure from governmental and non-governmental organizations to reduce plastic waste globally. Food contact paper is highly sustainable and gaining immense traction in the market, owing to its ecofriendly characteristics. Packaging companies are providing efficient and sustainable packaging solutions to leverage opportunities generated in the food contact paper market. This shifting inclination of manufacturers and end users toward environment-friendly packaging solutions is likely to accelerate market growth.

Strict Regulations on Food Contact Materials Affects Market Growth

Regulations by regional food & drug administration in different countries may lead to a change in consumption pattern of various food contact materials, such as paper, plastic, and metal. For small-scale manufacturers, it becomes difficult to comply with government regulations and manufacture packaging solutions. Furthermore, chemicals and additives are used during the manufacturing of paper to achieve different functional characteristics. These additives and chemicals must be treated properly to eliminate the violation of food contact material regulations. These stringent regulations on food contact materials, including paper and paperboard may affect the food contact paper market growth.

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Recent report on the Food Contact Paper market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Food Contact Paper market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Food Contact Paper market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Food Contact Paper market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Food Contact Paper market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Food Contact Paper market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Food Contact Paper market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Food Contact Paper market is analyzed at both regional and country levels.

Some of the prominent players in the Food Contact Paper market include:

Mondi Plc, Twin River Paper Company, PT. Indah Kiat Pulp & Paper Tbk, Nordic Paper AS, Westrock Company, Pudumjee Paper Products, SCG Packaging PCL, Ahlstrom-Munksjo, Asian Pulp & Paper Group and among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Food Contact Paper Market Segmentation

Food Contact Paper Market by Material

  • Kraft Paper
    • Brown Grade
    • White Grade
  • Specialty Paper
    • Greaseproof Paper
    • Wax Paper
    • Foil Paper & Others
  • Recycled Paper

Food Contact Paper Market by Thickness

  • Up to 30 GSM
  • 30-50 GSM
  • Above 50 GSM

Food Contact Paper Market by Application

  • Bakery Products
  • Fresh Food
  • Fast Food
    • Burgers
    • Pizza
    • Sandwiches
    • Wraps & Rolls
    • Chicken
    • Other Snack Food
  • Dairy Products
  • Baby Food
  • Other Foods (Pet food, Spices & Condiments etc.)

Food Contact Paper Market by End Use

  • Hotels & Restaurants
  • Bakery & Cafes
  • Fast Food Outlets
  • Cinemas
  • Airline & Railway Catering
  • Other End Uses

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
  • North America [United States, Canada, Mexico],
  • South America [Brazil, Argentina, Columbia, Chile, Peru].
  • Middle East & Africa [GCC, North Africa, South Africa],

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Food Contact Paper market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Food Contact Paper market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Food Contact Paper market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Food Contact Paper market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Food Contact Paper are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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