Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 113.69 Billion | USD 192.07 Billion | 6% | 2023 |
According to Zion Market Research, the global Food Contact Paper Market was worth USD 113.69 Billion in 2023. The market is forecast to reach USD 192.07 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Food Contact Paper Market industry over the next decade.
The report offers an assessment and analysis of the food contact paper market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue USD Billion.
Massive requirement of recycled papers for food contact has enhanced popularity of food contact papers. Food contact paper is utilized for packaging food items for preventing contaminant residues. Additionally, the product is utilized for packaging bakery items, milk, beverages, dry powders, and milk-based items. Thriving food processing sector will contribute sizably towards food contact paper market size. The need for heat sealability, strength, processability, sustainability, printability, and cost-efficiency of food packaging materials will prompt the scope of food contact papers in the upcoming years.
Huge recyclability and sustainability of food contact papers will drive growth of food contact paper market over forecast timeline. Massive demand for lightweight packaging materials in the food & beverage sector will steer the expansion of the food contact paper industry. Additionally, the need for reducing storage costs as well as transportation expenditure will increment the market landscape. The necessity for robust packaging and the necessity of increasing the aesthetic value of products through attractive packaging designs will boost product penetration in the food processing industry. With food contact papers requiring low material usage during production, the business is likely to expand leaps & bounds in the coming years. The rising trends and acceptance of environmentally friendly packaging materials will prop up the size of the food contact paper market in the coming decade.
Furthermore, the popularity of paper-based packaging services in the food & beverages sector will foster food contact paper demand within the next few years. Massive intake of fast food will further contribute toward market profitability during the forecast timespan.
Product Sales In North America To Reach Peak During 2024-2032
The growth of food contact paper market in North America during the Forecast Period can be credited to the setting up of many fast food outlets, cafés coffee, bakeries, and restaurants in countries such as the U.S. Apart from this, the growing preference for green products in North America due to environmental awareness will promulgate market growth in North America. Government schemes facilitating the use of safe, biodegradable, and environmentally friendly packaging products will translate into huge market growth in North America.
Report Attributes | Report Details |
---|---|
Report Name | Food Contact Paper Market |
Market Size in 2023 | USD 113.69 Billion |
Market Forecast in 2032 | USD 192.07 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 120 |
Key Companies Covered | DuPont, Arkema S.r.l., Hubei Hongyuan Pharmaceutical Technology Company Limited , WeylChem International GmbH, Haihang Industry Company Limited, Sigma-Aldrich Corporation, The Chemours Company, Zhongian Industry Company Limited, Mehul Dye Chem Industries, CABB Group. |
Segments Covered | By Thickness, By Material, By End-Use, By Application 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 |
Some of the leading in the global market include
FrequentlyAsked Questions
Huge recyclability and sustainability of food contact papers will drive growth of food contact paper market over forecast timeline. Massive demand for lightweight packaging materials in food & beverage sector will steer expansion of food contact paper industry. Additionally, need for reducing storage costs as well as transportation expenditure will increment market landscape. Necessity for robust packaging and necessity of increasing aesthetic value of products through attractive packaging designs will boost product penetration in food processing industry. With food contact papers requiring low material usage during production, the business is likely to expand leaps & bounds in coming years. Rising trend and acceptance of environments friendly packaging materials will prop up size of food contact paper market in coming decade.
Furthermore, popularity of paper-based packaging services in food & beverages sector will foster food contact paper demand within next few years. Massive intake of fast food will further contribute towards market profitability during forecast timespan.
Food Contact Paper Market size is set to expand from $ 113.69 Billion in 2023 to $ 192.07 Billion by 2032, with an anticipated CAGR of around 6% from 2024 to 2032.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to setting up of many fast food outlets, café coffee, bakeries, and restaurants in countries such as the U.S. Apart from this, growing preference for green products in North America due to environmental awareness will promulgate market growth in North America. Government schemes facilitating use of safe, biodegradable, and environment friendly packaging products will translate into huge market growth in North America.
The key market participants include DuPont, Akema S.r.l., Hubei Hongyuan Pharmaceutical Technology Company Limited, WeylChem International GmbH, Haihang Industry Company Limited, Sigma-Aldrich Corporation, The Chemours Company, Zhongian Industry Company Limited, Mehul Dye Chem Industries, and CABB Group.
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