Market Forecast by Type (kraft paper, greaseproof paper and coated paper), by End User (Airline and Railway Catering, Fast Food Outlets, Restaurants, Cafes, Hotels and Cinemas, Institutional), By Regions (North America, Latin America, Europe, Asia Pacific, Africa and Middle East) and Competitive Landscape
Product Code: ETC054710 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
The global food wrapping and paper packaging market is witnessing growing demand for eco-friendly and biodegradable packaging materials. This is driven by growing concerns over plastic waste and its impact on the environment, as well as a desire among consumers to make more sustainable choices. Additionally, another key development in the market is the adoption of new technologies and materials that offer improved performance and functionality. For example, some companies are experimenting with smart packaging solutions that can monitor food quality and freshness, while others are using advanced materials such as nanocellulose to improve the strength and durability of their packaging. These activities will further boost the market share of the companies over the years. In terms of geographical trends, the Asia-Pacific region is expected to see significant growth in the food wrapping and paper packaging market in the coming years, due to rising demand for packaged food and a growing middle class in countries such as China and India.
The global food wrapping and paper packaging industry has witnessed rapid expansion in recent years. The growth of the food and beverage industry is driving demand for food wrapping and paper packaging. The packaging is used to preserve the freshness of food products, increase shelf life, and ensure that food products are transported safely. Additionally, consumers are becoming more environmentally conscious and are looking for sustainable packaging options. This has led to an increase in demand for paper-based packaging, which is biodegradable and recyclable. Moreover, the rise of food delivery services has led to an increase in demand for packaging that is both durable and convenient for transporting food. Paper-based packaging is lightweight and easy to handle, making it a popular choice for food delivery companies. Further, advancements in technology have led to the development of more innovative and sustainable packaging solutions. For example, new types of paper-based packaging are being developed that are water-resistant and greaseproof, making them ideal for packaging greasy or oily food products. Moreover, government regulations regarding packaging waste and the use of plastics are driving the shift towards more sustainable packaging options. Many countries are implementing regulations to reduce plastic waste and encourage the use of biodegradable and recyclable packaging materials.
The outbreak of the COVID-19 pandemic has resulted in lockdowns This has resulted in a higher demand for food wrapping and paper packaging products for takeout and delivery orders. Additionally, the pandemic has disrupted global supply chains, causing shortages of raw materials and delays in delivery. This has led to increased costs for many manufacturers in the industry. Further, the pandemic has heightened awareness of the environmental impact of packaging, and many consumers are now demanding more sustainable options. This has led to an increased demand for products made from recycled materials and biodegradable packaging.
The global Food Wrapping and Packaging Paper Market is expected to witness growth over the coming years. The food and beverage industry has thrived for ages as the population has increased. The expanding on-the-go and fast-food industry is significantly driving the food wrapping and packaging paper market. Fast food requires a unique kind of packaging that can help in carrying and eating the food simultaneously, which results in increasing the demand for food wrapping papers. Additionally, the growing demands for sustainable packaging have supported the growth of the Food Wrapping and Packaging Paper market. Paper wrapping for food is also eco-friendly as compared to plastic bags and containers for packing food which are not easily disposable. Moreover, the population is now becoming conscious of environmental protection which in turn leads to the expansion of the Food Wrapping and Packaging Paper market. Since the inception of the COVID-19 pandemic, the food wrapping and packaging paper market has seen mixed impacts. Offline food chains which include cafes and restaurants which were completely shut in every region before the relaxation of the lockdown faced a negative impact in the market. Although the closure of stores has now reduced the need for disposable in-store packaging in the short term, demand has shifted to alternative uses. In the food service segment, disposable takeaway packaging options have recorded soaring demand as consumption patterns shift to food delivery which leads to an increase in the use of food wrapping papers.
According to 6Wresearch, Global Food Wrapping and Packaging Paper Market size is anticipated to register growth during 2020-2026. At present, the Asia Pacific Food Wrapping and Packaging Paper market is anticipated to offer substantial growth opportunities to local and multinational manufacturers. The demand is mainly determined due to the high growth in the consumption of fast-food items in countries such as India, China, and ASEAN countries. The rise in the consumption of fast-food wrapping paper is driven by the increasing disposable incomes of middle-class households who demand convenience food products at affordable prices. The flourishing retail sector, high consumption of packaged food by consumers, and the presence of a large number of manufacturers are expected to drive the demand for food packaging solutions in North America. Despite a high saturation level, Europe is expected to display a positive view over the forecast period. Europe’s single market policy allows free trade within the region, which is projected to encourage exports, consequently driving the market growth.
Based on the verticals, the Food Wrapping and Packaging Paper Market is segmented into End User and end-user. In terms of End Users, the market is bifurcated into Kraft paper, Greaseproof Paper and coated paper. Based on end-user, the Food Wrapping and Packaging Paper market is categorized into restaurants, fast food outlets, hotels, cafes, cinemas, institutional and Airline & Railway Catering.
The global Food Wrapping and Packaging Paper market report thoroughly covers the market by End User, Type, and regions including North America, Europe, Asia Pacific, and key countries. Global Food Wrapping and Packaging Paper market outlook report provide an unbiased and detailed analysis of the on-going global Food Wrapping and Packaging Paper market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Food Wrapping and Packaging Paper Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Food Wrapping and Packaging Paper Market Revenues, 2019 & 2026F |
3.3. Global Food Wrapping and Packaging Paper Market - Industry Life Cycle |
3.4. Global Food Wrapping and Packaging Paper Market - Porter's Five Forces |
3.5. Global Food Wrapping and Packaging Paper Market Revenue Share, By End User, 2019 & 2026F |
3.6. Global Food Wrapping and Packaging Paper Market Revenue Share, By Type, 2019 & 2026F |
4. Global Food Wrapping and Packaging Paper Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Food Wrapping and Packaging Paper Market Trends |
6. Global Food Wrapping and Packaging Paper Market, By End User |
6.1. Global Food Wrapping and Packaging Paper Market, By End User |
6.1.1. Overview and Analysis |
6.1.2. Global Food Wrapping and Packaging Paper Market Revenues, By Hotels, 2016 - 2026F |
6.1.3. Global Food Wrapping and Packaging Paper Market Revenues, By Restaurants, 2016 - 2026F |
6.1.4. Global Food Wrapping and Packaging Paper Market Revenues, By Cafes, 2016 - 2026F |
6.1.5. Global Food Wrapping and Packaging Paper Market Revenues, By Fast Food Outlets, 2016 - 2026F |
6.1.6. Global Food Wrapping and Packaging Paper Market Revenues, By Cinemas, 2016 - 2026F |
6.1.7. Global Food Wrapping and Packaging Paper Market Revenues, By Airline & Railway Catering, 2016 - 2026F |
6.1.8. Global Food Wrapping and Packaging Paper Market Revenues, By Insitutional, 2016 - 2026F |
6.2. Global Food Wrapping and Packaging Paper Market, By Type |
6.2.1. Overview and Analysis |
6.2.2. Global Food Wrapping and Packaging Paper Market Revenues, By Kraft Paper, 2016 - 2026F |
6.2.3. Global Food Wrapping and Packaging Paper Market Revenues, By Greaseproof Paper, 2016 - 2026F |
6.2.4. Global Food Wrapping and Packaging Paper Market Revenues, By Coated Paper, 2016 - 2026F |
7. Latin America Food Wrapping and Packaging Paper Market |
7.1. Latin America Food Wrapping and Packaging Paper Market, By End User |
7.1. Latin America Food Wrapping and Packaging Paper Market, By Type |
7.1. Latin America Food Wrapping and Packaging Paper Market, By Regions |
8. North America Food Wrapping and Packaging Paper Market |
8.1. North America Food Wrapping and Packaging Paper Market, By End User |
8.1. North America Food Wrapping and Packaging Paper Market, By Type |
8.1. North America Food Wrapping and Packaging Paper Market, By Regions |
9. Europe Food Wrapping and Packaging Paper Market |
9.1. Europe Food Wrapping and Packaging Paper Market, By End User |
9.1. Europe Food Wrapping and Packaging Paper Market, By Type |
9.1. Europe Food Wrapping and Packaging Paper Market, By Regions |
10. Middle East Food Wrapping and Packaging Paper Market |
10.1. Middle East Food Wrapping and Packaging Paper Market, By End User |
10.1. Middle East Food Wrapping and Packaging Paper Market, By Type |
10.1. Middle East Food Wrapping and Packaging Paper Market, By Regions |
11. Africa Food Wrapping and Packaging Paper Market |
11.1. Africa Food Wrapping and Packaging Paper Market, By End User |
11.1. Africa Food Wrapping and Packaging Paper Market, By Type |
11.1. Africa Food Wrapping and Packaging Paper Market, By Regions |
12. Asia Pacific Food Wrapping and Packaging Paper Market |
12.1. Asia Pacific Food Wrapping and Packaging Paper Market, By End User |
12.1. Asia Pacific Food Wrapping and Packaging Paper Market, By Type |
12.1. Asia Pacific Food Wrapping and Packaging Paper Market, By Regions |
13. Global Food Wrapping and Packaging Paper Market Key Performance Indicators |
14. Global Food Wrapping and Packaging Paper Market - Opportunity Assessment |
14.1. Global Food Wrapping and Packaging Paper Market Opportunity Assessment, By End User, 2019 & 2026F |
14.2. Global Food Wrapping and Packaging Paper Market Opportunity Assessment, By Type, 2019 & 2026F |
15. Global Food Wrapping and Packaging Paper Market - Competitive Landscape |
15.1. Global Food Wrapping and Packaging Paper Market Revenue Share, By Companies, 2019 |
15.2. Global Food Wrapping and Packaging Paper Market Competitive Benchmarking, By Operating and Technical Parameters |
16. Company Profiles |
17. Recommendations |