Global Food Wrapping Paper Market
Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Global Food Wrapping Paper Market Size, Share, Growth Analysis, By Product type, By End use - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering. greaseproof wrapping paper
The Global Food Wrapping Paper Market, valued at USD 343.33 billion in 2021, is set to grow at a Compound Annual Growth Rate (CAGR) of 5.7% in the forecast period (2023-2030), reaching USD 562.3 billion by 2030, according to a recent report.
The surge in demand for hygienic and convenient packaging solutions for various food items is driving the food wrapping paper market. These papers, including kraft paper, wax-coated paper, foil paper, and biodegradable materials, are used to wrap fast food items such as chicken, pizza, sandwiches, and burgers. The market is also benefiting from the increasing digitization of foodservice operations, catering to customers' preferences and the presence of recycling infrastructure for plastics, metals, and glass.
However, concerns about waste resulting from improper packaging practices may hinder market growth. Additionally, the fluctuating prices of raw materials, particularly polypropylene and aluminum, pose a challenge to the growth of the food wrapping paper market.
Segments covered in this report
The Food Wrapping Paper Market is segmented based on Product type, end-use, and region. Product type segments include Plastic and Paper, while end-use segments encompass Hotels, Restaurants, Cafes, Fast Food Outlets, Cinema, Airlines & Railway Catering, Institutions, and Others. The regions covered are North America, Europe, Asia-Pacific, Latin America, and MEA.
In terms of product type, paper-based food wrapping material dominates the market. Greaseproof sheets, in particular, have seen a surge in demand, thanks to major fast-food chains adopting paper-based packaging.
Asia Pacific leads the Food Wrapping Paper market, driven by the popularity of fast food restaurant chains and rising disposable incomes. North America and Europe also experience significant growth due to high demand for convenience foods. Latin America, the Middle East, and Africa are expected to show substantial growth due to the increasing popularity of fast food.
The global food wrapping paper market is driven by the demand for sustainable packaging solutions. Vendors are developing compostable wrapping paper and other eco-friendly products in response to concerns about the environmental impact of traditional materials. However, fluctuating raw material prices, such as kraft paper, pose a challenge.
The global food wrapping paper market is highly competitive and fragmented. Major players focus on innovations, mergers, acquisitions, collaborations, partnerships, and R&D to maintain a competitive edge.
A significant trend in the industry is the adoption of reusable materials for food wrapping paper manufacturing. Reusable food wrapping paper, like beeswax wraps, offers sustainable and long-lasting packaging solutions, contributing to market growth.
SCG Packaging Public Company Limited
Nippon Paper Industries Co. Ltd.
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Key Topics Covered: Executive Summary
Secondary & Primary Data Sources
Special Insights on Future Disruptions
Global Food Wrapping Paper Market by Product type
Global Food Wrapping Paper Market by End use
Global Food Wrapping Paper Market Size by Region
For more information about this report visit https://www.researchandmarkets.com/r/qwa9ja
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Global Food Wrapping Paper Market
Eamonn Holmes and Ruth Langsford took their fans by surprise over the weekend when they announced they were to divorce – and the GB News presenter is now eying up a major move following his split
Aurman Singh was brutally murdered by masked thugs while he was working
Prince Harry has opened up about the moment he told the Royal Family that Meghan Markle was pregnant, and how his brother Prince William reacted to the news
All summer we will be taking the pulse of our most famous traditional seaside towns, examining the efforts being made to regenerate them, and opining on whether they are still worth visiting. This week, Chris Moss explores Llandudno.
A man couldn't believe his eyes after ordering a lacklustre chicken sandwich from a cafe – only to receive a very hefty bill in return. So he took to Reddit for advice
Signs for a new fast food restaurant in High Street have been refused after a charity branded them “inappropriate”.
It's increased the cost of the product 30p since just last week, making it the most expensive out of Lidl, Asda, Sainsbury's, Tesco, Morrisons and Asda
The dog, which has since been named Bramble, was tied to railings behind shrubbery and trees where no one would see her
The birth certificate of Meghan Markle and Prince Harry's son, Archie Harrison, was a topic of conversation for Royal fans due to one key detail that was missing
Royal author Tom Quinn says budding relationship is a matter of concern for the Prince and Princess of Wales
A Labour government could mean the end for the pension freedoms introduced by George Osborne in 2015.
Singer and presenter Jane McDonald has said that she has "no intentions" of leaving any money to her family when she dies, as she plans to spend it all on herself
Britain's Got Talent viewers couldn't believe it when Bobby Goldfinn returned for the final episode of auditions and it seems their true identity may have finally been discovered
Twelve months of mandatory national service would be reintroduced by the Conservatives if they win the general election.
Cressida Bonas showcased her timeless elegance as she attended the extravagant wedding of billionaire David Winter to Georgia Irwin in Venice over the weekend. See details.
Scotland’s prosecutors could detonate a “political grenade” that derails the SNP’s general election campaign, a nationalist MP has warned them after they confirmed Nicola Sturgeon remains under investigation.
Princess Charlotte, the second child of the Prince and Princess of Wales, was born on May 2, 2015, but her parents had a specific reason for not naming her after Diana
In one sense, the election is over before it’s begun. The resignation of countless Tory MPs marks a seismic generational change. Not only will the next government be unrecognisable, the opposition will be, too.
"How dare you tweet this, THIS weekend," former GOP Rep. Adam Kinzinger fired back at Donald Trump's son.
baking paper sheets in oven Baltic officials told German representatives they and Poland could send troops to Ukraine if Moscow gained the upper hand, Der Spiegel reported.