Proliferating Demand for Food Delivery Services to Bring Expansive Growth, Global Food Contact Paper Market to Reach Valuation of ~US$ 7.4 bn by end of 2027: TMR

ALBANY, N.Y., Aug. 13, 2020 /PRNewswire/ -- The food contact paper market may find expansive growth opportunities across the forecast period of 2019-2027 on the back of the changing lifestyle patterns. The fast-paced lifestyle has led to an increase in demand for food on the go. Fast food is one of the preferred food types consumed by a considerable populace. The increase in consumption of fast food is directly proportional to the growth of the food contact paper market.

Based on a variety of factors, the analysts at Transparency Market Research (TMR), after conducting an exhaustive research on various factors, predict that the global food contact paper market is extrapolated to expand at a CAGR of ~4 percent during the forecast period of 2019-2027. The global food contact paper market was projected to be valued at ~US$ 5 bn in 2019 and is estimated to reach ~US$ 7.4 bn by 2027 end.

Online food delivery services are strengthening their presence across a plethora of countries around the world. The emergence of food delivery services in metropolitan areas is already gaining prominence. Delivery services are also spinning a strong web of network across Tier 2 and Tier 3 cities. These factors are bringing substantial growth opportunities for the food contact paper market.

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Food Contact Paper Market: Expert Outlook

The analysts at Transparency Market Research point out the magnifying influence of biodegradable and sustainable food packaging solutions. The analysts also highlight the expansion of growth across Asia Pacific and Latin America due to a tectonic change in the food consumption patterns.

Analyze global food contact paper market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Food Contact Paper Market: Significant Revelations

• Specialty food contact paper may record thumping growth during the forecast period of 2019-2027
• The penetration of food contact papers in the online food delivery sector is bringing extensive growth
• Bakeries and confectioneries to hold a substantial growth share

Explore 195 pages of cutting-edge research, extensive insights, and detailed projections. Analyze and discover the latest developments in the Food Contact Paper Market (Material: Kraft Paper [Brown Grade, White Grade], Specialty Paper [Greaseproof Paper, Waxed Paper, Foil Paper & Others], Recycled Paper; Thickness: Up to 30 GSM, 30 - 50 GSM, Above 50 GSM; Application: Bakery & Confectionery Products, Fresh Food, Fast Food [Burgers, Pizzas, Sandwiches, Wrap & Rolls, Chicken, Other Snack Food], Dairy Products, Baby Food, Other Food [Pet Food, etc.]; End Use: Hotels & Restaurants, Bakeries & Cafes, Fast Food Outlets, Movie Cinemas, Airline & Railway Catering, Other End Uses) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/food-contact-paper-market.html

Food Contact Paper Market: Growth- Driving Factors

The COVID-19 outbreak has resulted in surge for online food delivery services around the world. As most people can't dine out due to closure of restaurants in certain parts of the world, home delivery of food is gaining traction. Therefore, this factor will eventually add extra stars of growth for the food contact paper market.

• The rapidly transforming food consumption patterns of the global populace will benefit the food contact paper market to a great extent
• Escalating demand for lightweight packaging products is likely to bring exponential growth opportunities
• Manufacturing of carbon-free food contact paper to eliminate oxidization may assist in growth of the market
• Food contact papers manufactured within the purview of the regulations prevalent in various countries may bring incremental growth
• Escalation in demand for sustainable and eco-friendly packaging to invite good growth opportunities

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Food Contact Paper Market: Growth-Disrupting Factors

The food contact paper market faces a major obstacle in terms of chemicals used for manufacturing the paper. Numerous manufacturers in the food contact paper market are always developing food contact papers that are in tandem with the regulations imposed by various countries.

But sometimes, new findings and announcement of new guidelines create challenges for stakeholders in the food contact paper market. For instance, a study conducted by Mind the Store Campaign, Ecology Center, and Toxic-Free Future found out that packaging used at some fast-food outlet contains a type of chemical known as PFAS (polyfluoroalkyl substances) that are cancer-causing.

The FDA has recently announced a gradual discontinuation of the use of PFAS used in greaseproof paper and paperboard food packaging. This aspect may have a negative impact on the growth of the food contact paper market across the forecast period.

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Global Food Contact Paper Market: Segmentation

By Material

• Kraft Paper
• Brown Grade
• White Grade
• Specialty Paper
• Greaseproof Paper
• Wax Paper
• Foil Paper & Others
• Recycled Paper

By Thickness

• Up to 30 GSM
• 30 - 50 GSM
• Above 50 GSM

By End Use

• Bakery & Confectionery Products
• Fresh Food
• Fast Food
• Burgers
• Pizzas
• Sandwiches
• Wrap & Rolls
• Chicken
• Other Snack Food
• Dairy Products
• Baby Food
• Other Food

By Application

• Hotels & Restaurants
• Bakeries & Cafes
• Fast Food Outlets
• Movie Cinemas
• Airline & Railway Catering
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa

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Pizza Box Market – Growing customer inclination towards home delivery & takeaways (HDTA) across the globe is expected to fuel the growth in the pizza box market. The global pizza box market was valued at US$2,223.0 mn in 2016 and is expected to grow at a CAGR of 4.6% over the forecast period. The global pizza box market is characterized by rising in consumer demand for pizza delivery, cost of manufacturing of corrugated pizza boxes, and the advancement in the manufacturing designs.

Converting Paper Market – The global converting paper market is projected to grow at a CAGR of 1.9% during the forecast period, owing to various factors, about which TMR delivers thorough insights and forecast in the global converting paper market report, the growth of the paper packaging industry is attributed to boost the demand for converting paper during the forecast period.

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