Bizizz Market Research has recently published a research report, “Food Contact Paper Market By end-user Type (Hotels & Restaurants, Bakeries & Cafes, Fast Food Outlets, Movie Cinemas, Airline & Railway Catering and Others), Product (Kraft Paper, Specialty Paper and Recycled Paper), Application (Bakery Products, Fresh Food, Fast Food, Dairy Products, Baby Food and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Food Contact Paper Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 10.5 Bn by 2027, witnessing a CAGR of 4 % during the forecast period. Key drivers of the market are
Food contact paper is hugely being used in different applications including for packaging of both (solid and liquid products). Moreover, general utilization of food contact paper is its dissolve into the food does not exist, compromising its integrity. Also, food contact paper of specific thickness of up to 30 gsm is extensively chosen by different packaging applications. With food contact paper is becoming the most demanded material of choice in food packaging, among manufacturers and consumers. Manufacturers of food contact paper are aiming at advanced product innovation offering specific features including moisture-resistance, grease resistance, and temperature control.
The Food Contact Paper market is anticipated to register a CAGR of over 4% during the forecast period.
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By Application, bakery segment held a key share in Global Food Contact Paper Market in 2018.
The utilization of good contact paper is led by the bakery products is anticipated to be the vital segment propelling its market growth of global food contact paper market during the forecast period. In the bakery industry, for the better convenience of consumers, businesses are offering sandwiches, pizzas, wraps, rolls, and burgers in food wrappers that are made up of using food contact paper.
North America is Anticipated to Dominate the Global Food Contact Paper Market during the Forecast Period.
The Asia Pacific region has estimated to be having significant market share of xx% in 2018 and is anticipated to leading during the forecast period.
The market of food contact paper in this region are anticipated to be the most admired market for food contact paper packaging by a rise in end use applications. India is the leading food contact paper market in Asia Pacific, next to China, and the market in these nations are is anticipated to grow exponentially during the forecast period.
Global Food Contact Paper market was moderately consolidated with key players accounting for significant share in 2018. The organizations are expanding their market presence to compete through partnerships and investments with other companies.
Prominent players operating in the Global Food Contact Paper Market are: Pactiv, Georgia-Pacific, Glatfelter, International Paper Co, Cascades, PPG Industries, Inc, Smurfit Kappa Group, Mondi Group, Nordic Paper Holding AB, Huhtamaki, Intertek, Seaman Paperper, Smurfit Kappa, Sun Chemical Group., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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