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Food Contact Paper and Board Market to Hit US$ 79.6 Billion by 2028: IMARC Group

IMARC Group, a leading market research company, has recently releases report titled “Food Contact Paper and Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global food contact paper and board market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Food Contact Paper and Board Market?

The global food contact paper and board market size reached US$ 58.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.43% during 2023-2028.

What is Food Contact Paper and Board?

Food contact paper and board refer to the paper and paperboard materials designed to be in direct contact with food items. They include parchment paper, wax-coated paper, and cardboard boxes. Food contact paper and board are manufactured from virgin or recycled fibers and are treated with coatings or laminates to improve the barrier properties. They are utilized in various applications, such as bakery bags, pizza boxes, sandwich wraps, disposable plates, coffee cups, fast food containers, candy wrappers, frozen food packaging, and more. Food contact paper and board offer cost-effectiveness, versatility, convenience, and recyclability. They also provide essential protection against contamination, help to preserve the freshness of food, and are lightweight, which reduces transportation costs.

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What are the Growth Prospects and Trends in the Food Contact Paper and Board Industry?

The increasing adoption of food contact paper and board due to the heightened demand for packaged and convenience food is propelling the market growth. Additionally, the rising awareness about the importance of sustainable and eco-friendly packaging solutions is fueling the market growth. Besides this, the recent advancements in manufacturing technology, leading to the development of food contact papers and boards with improved properties, such as better moisture resistance and enhanced barrier capabilities, are driving the market growth. Furthermore, the imposition of stringent regulations regarding the use of plastics in food packaging that are prompting manufacturers to opt for paper-based alternatives is catalyzing the market growth. In addition, the expanding fast-food industry and the rising popularity of takeaway services are boosting the market growth. Apart from this, the shifting consumer preference for visually appealing packaging, which is encouraging manufacturers to invest in innovative designs and printing technologies, is fueling the market growth. Moreover, the easy availability of numerous customization options, which allows manufacturers to tailor the packaging according to the specific needs of the food products, is strengthening the market growth. Along with this, the increasing investments in research and development (R&D) activities to create biodegradable and compostable food contact papers and boards are favoring the market growth.

Who are the Key Players Operating in the Food Contact Paper and Board Market?

The report has also analysed the competitive landscape of the market with some of the 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

What is Included in Market Segmentation?

The report has categorized the market based on type, paper weight, product type, application and end-use sector.

Breakup by Type:

  • Non-Poly Coated and Board
  • Poly Coated and Board

Breakup by Paper Weight:

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

Breakup by Product Type:

  • Corrugated and Folding Cartons
  • Kraft Paper
  • Wrapping Paper
  • Others

Breakup by Application:

  • Bakery Products
  • Dry Groceries
  • Ready Meals
  • Non-liquid Dairy Products
  • Others

Breakup by End-Use Sector:

  • Hotels and Restaurants
  • Bakeries and Cafes
  • Fast Food Joints
  • Cinema Halls
  • Others

Regional Analysis:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa 

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2111&flag=C

Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • 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.

About Us:

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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