Food Contact Paper Market Expected to Grow USD 57.69 Billion from 2021 to 2026 | Driven by growth in food sales on e-commerce platforms | More than 17,000 Technavio reports

NEW YORK, March 28, 2022 /PRNewswire/ — The market for food contact paper is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. Ahlstrom Munksjo Oyj, Detmold Group, GASCOGNE Group, Georgia-Pacific LLC, Glatfelter Corp., Huhtamaki Oyj, International Paper Co., Maesindo Indonesia Ltd., Malex Paper Products Sdn Bhd, Mondi Group, Nordic Paper AS, Pactiv LLC, Papertec Inc .., PT. Indah Kiat Pulp and Paper Tbk, PT Parisindo Pratama, Quick Pack Pacific Co. Ltd., SCG Packaging Public Co. Ltd., Smurfit Kappa Group, Twin Rivers Paper Co. Inc. and UPM-Kymmene Corp.. are among the major players in the market. The food contact paper market is set to grow by $57.69 billion from 2021 to 2026. However, the growth momentum is expected to slow to a 9.4% CAGR according to the latest Technavio report.

Technavio has announced its latest market research report titled Global Food Contact Paper Market 2022-2026

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Food Contact Paper Market 2022-2026: Scope

Our Food Contact Paper Market report covers the following areas:

Food Contact Paper Market 2022-2026: Drivers and Challenges

The key driver of global growth food paper market growth is the growth in food sales on e-commerce platforms. The demand for various healthy food options like healthy snack bars is on the rise. Grocery sales are growing, with online grocery sales in the US accounting for 15%-20% of the e-commerce market in the country. Basket delivered, click and collect and fresh delivery are the different types of food e-commerce sales channels. Large companies such as Amazon.com provide online grocery delivery services like Amazon Fresh next day delivery, Amazon subscription and registration, and Amazon dashboard button. The largest demographic of online shoppers, Millennials, is expected to drive the e-commerce market, owing to the ease of viewing and comparing products on mobile devices. The food and beverage segment is expected to become the most promising area for e-commerce packaging solutions during the forecast period.

However, the major challenge to the growth of the global food contact paper market is the commodity price volatility. The price of pulp is determined by factors such as demand, inventory levels, production capacity and competitive strategies. Therefore, the price of pulp is beyond the control of food contact paper sellers. The prices of raw materials, such as polymers and resins, fluctuate because they are directly linked to crude oil prices. A decline in crude oil prices over the past few years has led players operating in the oil and gas industry to implement cost-cutting measures such as layoffs of workers and idling of platforms. The volatility in the price of raw materials decreases the profit margins of the sellers due to the increase in production costs, which will pose a challenge for the growth of the market during the forecast period.

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Food Contact Paper Market 2022-2026: Segmentation

Food Contact Paper Market 2022-2026: Revenue Generating Segment and Regional Analysis

  • The growth in the market share of papers in contact with food by uncoated poly segment will be important for revenue generation. The significant increase in the demand for uncoated food contact paper, mainly due to the rising sales of packaged food products, will drive the growth of this segment in the coming years.

  • 37% of market growth will come from APAC during the forecast period. China and Japan are the main markets for food contact paper in Asia-Pacific. Market growth in this region will be faster than market growth in other regions. Significant increase in the demand for packaged processed food products, trade and export activities and rapid urbanization will facilitate the growth of the food contact paper market in APAC region during the forecast period.

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Food Contact Paper Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Food Contact Paper market over the next five years

  • Estimation of the Food Contact Paper market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the food contact paper market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the Food Contact Paper Market vendors

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  • the e-commerce packaging market The size is expected to grow to USD 55.35 billion between 2021 and 2025 at a CAGR of 20.18%. Download a free sample now!

Food Contact Paper Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Slowing down to a CAGR of 9.4%

Market Growth 2022-2026

$57.69 billion

Market structure

Fragmented

Annual growth (%)

11.31

Successful market contribution

Asia-Pacific at 37%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Ahlstrom Munksjo Oyj, Detmold Group, GASCOGNE Group, Georgia-Pacific LLC, Glatfelter Corp., Huhtamaki Oyj, International Paper Co., Maesindo Indonesia Ltd., Malex Paper Products Sdn Bhd, Mondi Group, Nordic Paper AS, Pactiv LLC, Papertec Inc .., PT. Indah Kiat Pulp and Paper Tbk, PT Parisindo Pratama, Quick Pack Pacific Co. Ltd., SCG Packaging Public Co. Ltd., Smurfit Kappa Group, Twin Rivers Paper Co. Inc. and UPM-Kymmene Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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