02-Oct-2024 | Zion Market Research
As per analysts at Zion Market Research, the global Fast Food wrapping paper packaging market is anticipated to grow at a CAGR of around 3.03% during the forecast period 2024–2032 and reach USD 3.51 Billion by the end of 2032. the Fast Food wrapping paper packaging is obtaining drive in the global fast food packaging market owing to its good functional properties and ease of storage to maintain the freshness of food for a longer time. It is widely used for fast food packaging at full-service restaurants, fast service restaurants, cafes, and other institutions. The wrapping paper used in fast food packaging is mostly produced from materials like PP, paper, PVC, PE, EVOH, and biodegradable materials. The paper-based wrapping papers use raw materials like specialty papers (wax-coated papers, greaseproof papers, & foil papers) and kraft paper. These papers are obtainable in a range of thicknesses from about less than 8 microns to over 20 microns. The fast food wrapping paper is mainly used in the packaging of pizzas, sandwiches, burgers, chicken, and other snack foods.
The leading players in the market are Hindalco Industries Limited, Twin Rivers Paper Company, Berry Global, Inc., Huhtamaki Oyj, Amcor Limited, Georgia-Pacific LLC, Reynolds Group Holding Limited, Pudumjee Paper Products Ltd., Mondi Group, Delfort Group, Mitsubishi Chemical Holdings Limited, Hulamin Limited, The Clorox Company, Harwal Group, Anchor Packaging Inc., S. C. Johnson & Son, Inc., United Company RUSAL Plc, Schweitzer-Mauduit International, Inc., Oji Holdings Corporation, Nordic Paper AS, KRPA Holding CZ, a.s., Thong Guan Industries Berhad, Advanced Coated Products Ltd. (The Food Wrap Co.), and Seaman Paper Company, BPM, Inc.
Rising Demand For Fast Food Wrapping Paper Is Predicted To Stimulate The Market Globally
The increasing demand for fast food wrapping paper is surging at a fair rate in developed and developing nations. This is mainly owing to the higher growth in the fast food market internationally. The global fast food industry reported earnings of over US$ 2.68 Billion during 2024. The customers across developed countries like the U.S., France, Germany, Italy, and Norway spend a massive amount of money on the fast food products, which eventually accelerates the demand for food wraps across these regions in the forecasted period. Nevertheless, the demand for fast food is also projected to augment considerably in emerging countries such as Brazil, India, China, etc. in the upcoming ten years. Development in these countries is boosted by the awareness of the companies and consumers toward the acceptance of eco-friendly packaging solutions.
The global fast food wrapping paper market is segmented based on the product type, fast food type, end-user, and regional analysis. On the basis of product type, the market is divided into plastic & aluminum foil and paper. Based on the fast food type, the market is divided into sandwiches, chicken, pizza, wraps & rolls burgers, and other snack food. Based on the end-user, the market is divided into fast food outlets, restaurants, cafes, hotels, cinemas, airline & railway catering, and institutional.
North America Region To Witness Highest Growth In The Global Fast Food Wrapping Paper Market
Based on geographical analysis, the global fast food wrapping paper market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region sums up for the biggest market share in terms of the manufacturing of functional and advanced fast food wrapping paper. Across North America, the U.S. rules the market with a maximum market share of over 2/3rd of the market. The customers in the U.S. spend a huge amount of money on fast food products, which in return impels the fast food wrapping paper market across the region. The expenditure is rising with the launch of various fast food items by restaurants. North America region is followed by Europe region wherein Italy, Germany, the U.K., and France rule the market with the utilization of thousands of tons of wrapping paper each year.
Browse the full “Fast Food Wrapping Paper Market Product Type (Plastic foil, Aluminium foil and Paper), Food Type (Sandwiches, Burgers, Pizza, Wraps & Rolls, Chicken, and Other Snack Food), End-use (Hotels, Restaurants, Cafes, Fast Food Outlets, Cinemas, Airline & Railway Catering, and Institutions): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/fast-food-wrapping-paper-market
The global fast food wrapping paper market is segmented as follows:
By product type:
By fast food type:
By end-user:
By region:
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