According to IMARC Group’s latest report, titled “Food Contact Paper and Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 55.2 Billion in 2021.
Food contact paper and board are versatile materials used for packaging food items. They can be made from natural fibers or be recycled from recovered materials.
Paper and board have a low molecular weight and are designed with permeable barriers against external factors, such as dust, moisture, air, and grease.
Some of the common contact materials available in the market include corrugated boards, wrapping papers, folding cartons, cup stock boards, and paper bags.
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The global food contact paper and board market is primarily being driven by the increasing inclination towards lightweight packaging solutions to minimize storage and transportation costs.
Additionally, the growing environmental concerns have led governments of various nations to implement favorable policies to promote contact paper and boards as an alternative for aluminum and plastic packaging materials.
Moreover, the increasing awareness regarding health care among consumers has led to a rise in the demand for hygienically packaged food products, which is creating a positive outlook for the market.
Looking forward, IMARC Group expects the food contact paper and board market to reach US$ 75.5 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Anchor Packaging Inc.
- Ball Corporation
- Bischof + Klein SE & Co. KG
- Georgia-Pacific LLC
- Huhtamaki Oyj
- Huntsman Corporation
- International Paper Company
- Intertek Group
- Mondi Plc.
- Nippon Paper Group
- Sonoco Products
Food Contact Paper and Board Market Segmentation:
Breakup by Type:
- Non-Poly Coated and Board
- Poly Coated and Board
Paper Weight:
- Up to 30 GSM
- Between 30-50 GSM
- Above 50 GSM
Product Type:
- Corrugated and Folding Cartons
- Kraft Paper
- Wrapping Paper
- Others
Application:
- Bakery Products
- Dry Groceries
- Ready Meals
- Non-liquid Dairy Products
- Others
End-Use Sector:
- Hotels and Restaurants
- Bakeries and Cafes
- Fast Food Joints
- Cinema Halls
- Others
Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide.
We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.
Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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