Global Food Contact Paper and Board Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Food Contact Paper and Board Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global food contact paper and board market report has been segmented on the basis of type, application, and region.
Global Food Contact Paper and Board Market: Overview
Food contact paper and board are used for packaging food products including fruits, bakery goods, beverages, and take-out foods. Food contact paper and board is easy to handle, flexible, hygienic, easily disposable and also acts as a replacement for plates and other serving utensils.
Global Food Contact Paper and Board Market: Dynamics
Growing demand for sustainable and eco-friendly packaging solutions owing to adverse effects of plastic an aluminum packaging on the environment is one of the key factors expected to drive growth of the global market. In addition, increasing inclination towards lightweight packaging materials to improve performance as well as minimize transportation and storage costs is a factor expected to create huge demand for food contact paper. Moreover, increasing healthcare awareness among consumers and rising demand packed foods are major significant factors to upsurge the global food contact paper and board market., are some other factors expected to fuel growth of the target market.
Recent trend observed in the target market is several companies are increasing use of food contact papers which are made from recycled materials to enhance environmental sustainability and reduce packaging cost. Such products can be recycled multiple times and readily compostable and biodegradable. In addition, advancement of using recycled paper in paper-based food packaging is expected to open new market opportunities for the global food contact paper and board market.
However, highly competitive environment along with volatility in prices of raw materials are some factors expected to hinder growth of the target market to a certain extent.
Global Food Contact Paper and Board Market: Segment Analysis
Among the material type segments, the corrugated and folding carton materials segment is projected to witness substantial growth.
Among the application segments, the dry groceries segment is expected to account significant revenue share in the global market.
Global Food Contact Paper and Board Market: Regional Analysis
The market in Asia Pacific is estimated to account significant revenue share of the global market, owing to rapid growing food and beverages industry. In addition, increasing spending power coupled with the presence of major players are major factors expected to support growth of the target market in the region. In addition, production of paper and board from natural fiber and minerals as well as other materials which are favorable for food contact is another factor expected to drive growth of the target market. In addition, a growing number of working women population is a factor expected to fuel demand for ready-to-eat meal.
North America food contact paper and board market is expected to register significant growth, owing to rising number of fast food swerving chains in the region. Markets in Europe, Latin America, and Middle East & Africa are expected to register moderate growth over the forecast period.
Global Food Contact Paper and Board Market Segmentation:
Segmentation by Material:
- Corrugated Board
- Folding Carton
- Food and Cupstock Board
- Kraft Paper
- Wrapping Paper
- Paper Bags and Wrapping
Segmentation by Application:
- Bakery Products
- Dry Groceries
- Frozen Foods
- Liquid Foods and Beverages
- Ready Meals
- Non-Liquid Dairy Products
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Genpak, LLC
- Linpac Packaging
- Huhtamäki Oyj
- Pactiv LLC
- D&W Fine Pack
- WestRock Company
- Stanpac Inc.
- Biodegradable Packaging for Environment Co., Ltd.
- Smurfit Kappa Group plc
- Dart Container Corporation
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