Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.68 Billion | USD 3.51 Billion | 3.03% | 2023 |
According to a report from Zion Market Research, the global Fast Food Wrapping Paper Market was valued at USD 2.68 Billion in 2023 and is projected to hit USD 3.51 Billion by 2032, with a compound annual growth rate (CAGR) of 3.03% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Fast Food Wrapping Paper industry over the next decade.
Wrapping paper is used in the food packaging at quick service restaurants, cafes, full-service restaurants, and other organizations. Wrapping paper for the fast-food packaging is generally made of materials such as paper, PP, PE, PVC, EVOH, and biodegradable materials. Paper-based wrapping papers utilize raw materials such as kraft paper and specialty papers such as greaseproof papers, wax-coated papers, and foil papers. These papers are available in a variety of thicknesses ranging from less than 8 microns to more than 20 microns. Primary end uses for fast food wrapping paper are sandwiches, burgers, pizzas, chicken, and other snack foods.
The demand for fast food wrapping paper is increasing at a decent growth rate in both developed as well as in developing countries. This is primarily due to the high growth in the on-the-go and the fast food sector globally. Furthermore, ease of storage and good functional properties of the product in order to keep food fresh for a long time will further drive the market trends. Escalating product demand in the major countries such as the U.S., China, Germany, Italy, France, Canada, and Scandinavian countries will further stimulate the expansion of the fast food wrapping paper market in the coming years. Growth in these countries is fuelled by the inclination of the consumers and companies towards the adoption of eco-friendly packaging solutions. This will not only help food-service companies create better brand equity as well as a brand image but also increase customers in the long term.
The global fast food wrapping paper market can be classified into product type, food type, and end-use.
On the basis of product type, the market is sectored into Plastic foil, Aluminium foil, and Paper.
Based on the food type, the fast food wrapping paper market is sectored into Sandwiches, Burgers, Pizza, Wraps & Rolls, Chicken, and Other Snack Food.
On the basis of end use, the fast food wrapping paper market is divided into Hotels, Restaurants, Cafes, Fast Food Outlets, Cinemas, Airline & Railway Catering, and Institutions.
The paper segment is anticipated to witness the maximum CAGR in the upcoming years. Specialty papers such as, greaseproof papers are gaining increased market penetration and the rise in demand is expected to continue in the coming years.
Rising consumption of paper based food packaging in the quick service restaurants is expected to contribute significantly in the market growth. Fast food wrapping papers are extensively used for the packaging of millions of products by large scale fast food chains across the world.
The burger segment is projected to hold maximum share in the global market.
The other food types such as wraps and rolls are also gaining increased market share steadily. The multinational fast food chains like Subway, McDonald’s, Starbucks, KFC, Burger King, Pizza Hut, Domino's Pizza, Dunkin' Donuts, Papa John's etc. are the major prospective customers in the market. The rising number of manufacturers has led to emergence of cost based competitive environment in the market with the clients obtaining bargain advantages with multiple vendor options.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Fast Food Wrapping Paper Market |
Market Size in 2023 | USD 2.68 Billion |
Market Forecast in 2032 | USD 3.51 Billion |
Growth Rate | CAGR of 3.03% |
Number of Pages | 110 |
Key Companies Covered | Berry Global, Inc., Delfort Group, Georgia-Pacific LLC, Twin Rivers Paper Company, Hindalco Industries Limited, Huhtamaki Oyj, Mitsubishi Chemical Holdings Limited, Amcor Limited, Mondi Group, Reynolds Group Holding Limited, Thong Guan Industries Berhad, The Clorox Company, United Company RUSAL Plc, Hulamin Limited, Anchor Packaging Inc., Harwal Group, Oji Holdings Corporation, S. C. Johnson & Son, Inc., Nordic Paper AS , Advanced Coated Products Ltd. (The Food Wrap Co.), Pudumjee Paper Products Ltd. , KRPA Holding CZ, a.s., BPM, Inc., Seaman Paper Company, and Schweitzer-Mauduit International, Inc |
Segments Covered | By Product Type, By Food Type, By End-Use And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific fast food wrapping paper market is expected to offer substantial growth opportunities to the local and multinational manufacturers. The demand is primarily driven due to the high growth in the consumption of fast food items in countries such as India, China, and ASEAN countries. Growth in consumption of fast food wrapping paper is driven by increasing disposable incomes of the middle-class households who demand convenience food products at reasonable costs.
Moreover, massive demand for burgers, chicken rolls, sandwiches, and pizzas in countries such as the U.S., Canada, Germany, Italy, France, and Norway will drive the growth both in North America and European regions. With the headquarters of the firms such as McDonald, KFC, Burger King, etc. in the U.S. will further embellish the North America market growth. Brazil is likely to contribute notably towards the growth of LATAM fast food wrapping paper market.
Some of key players in fast food wrapping paper market are
By product type:
By fast food type:
By end-user:
FrequentlyAsked Questions
The growth is primarily due to the high growth in the on-the-go and the fast food sector globally. Furthermore, ease of storage and good functional properties of the product in order to keep food fresh for a long time will further drive the market trends. Escalating product demand in the major countries such as the U.S., China, Germany, Italy, France, Canada, and Scandinavian countries will further stimulate the expansion of the fast food wrapping paper market in the coming years.
According to a report from Zion Market Research, the global Fast Food Wrapping Paper Market was valued at USD 2.68 Billion in 2023 and is projected to hit USD 3.51 Billion by 2032, with a compound annual growth rate (CAGR) of 3.03% during the forecast period 2024-2032.
The North America Fast Food Wrapping Paper market is projected to hold the largest share globally in the future. Growing awareness and rising technology adoption in harvesting in the region is expected to propel the demand.
Some main participants of the Fast Food Wrapping Paper market are Berry Global, Inc., Delfort Group, Georgia-Pacific LLC, Twin Rivers Paper Company, Hindalco Industries Limited, Huhtamaki Oyj, Mitsubishi Chemical Holdings Limited, Amcor Limited, Mondi Group, Reynolds Group Holding Limited, Thong Guan Industries Berhad, The Clorox Company, United Company RUSAL Plc, Hulamin Limited, Anchor Packaging Inc., Harwal Group, Oji Holdings Corporation, S. C. Johnson & Son, Inc., Nordic Paper AS , Advanced Coated Products Ltd. (The Food Wrap Co.), Pudumjee Paper Products Ltd. , KRPA Holding CZ, a.s., BPM, Inc., Seaman Paper Company, and Schweitzer-Mauduit International, Inc. among others.
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