Food Contact Paper Market to grow by USD 57.69 billion from 2021 to 2026|Driven by Growing Sales of Food Products on E-Commerce Platforms |17000+ Technavio Reports

NEW YORK, March 28, 2022 /PRNewswire/ — The food contact paper market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Ahlstrom Munksjo Oyj, Detmold Group, GASCOGNE Group, Georgia-Pacific LLC, Glatfelter Corp., Huhtamaki Oyj, International Paper Co., Maesindo Indonesia Ltd., Malex Paper Products Sdn Bhd, Mondi Group, Nordic Paper AS, Pactiv LLC, Papertec Inc., PT. Indah Kiat Pulp and Paper Tbk, PT Parisindo Pratama, Quick Pack Pacific Co. Ltd., SCG Packaging Public Co. Ltd., Smurfit Kappa Group, Twin Rivers Paper Co. Inc., and UPM-Kymmene Corp. are some of the major market participants. The food contact paper market is set to grow by USD 57.69 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 9.4% according to the latest report by Technavio.

Technavio has announced its latest market research report titled Global Food Contact Paper Market 2022-2026

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Food Contact Paper Market 2022-2026: Scope

Our food contact paper market report covers the following areas:

Food Contact Paper Market 2022-2026: Drivers & Challenges

The key factor driving the global food contact paper market growth is the growing sales of food products on e-commerce platforms. The demand for various healthy food options like health snack bars is on the rise. Grocery sales are increasing, with online grocery sales in the US accounting for 15% to 20% of the e-commerce market in the country. Delivered basket, click, and collect, and fresh delivery are the various types of grocery e-commerce channels of sale. Large companies such as Amazon.com provide online grocery delivery services like Amazon Fresh next-day delivery, Amazon subscribe and save, and Amazon dash button. The largest demographic of online shoppers, the millennials, is expected to drive the e-commerce market, owing to the ease of viewing and comparing products on mobile devices. The food and beverage segment is expected to emerge as the most promising area for e-commerce packaging solutions during the forecast period.

However, the key challenge to the global food contact paper market growth is the volatility in the prices of raw materials. The price of pulp is determined by factors such as demand, inventory levels, production capacity, and competitive strategies. Hence, the price of pulp is beyond the control of vendors of food contact paper. The prices of raw materials, such as polymers and resins fluctuate as they are directly related to crude oil prices. A decline in crude oil prices in recent years has led players operating in the oil and gas industry to implement cost-cutting measures such as workforce layoffs and rig idling. The instability in the price of raw materials diminishes the profit margins of the vendors due to increased production costs, which will pose a challenge to the growth of the market during the forecast period.

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Food Contact Paper Market 2022-2026: Segmentation

Food Contact Paper Market 2022-2026: Revenue Generating Segment & Regional Analysis

  • The food contact paper market share growth by the non-poly coated segment will be significant for revenue generation. The significant increase in the demand for non-poly coated food contact paper, primarily due to the rise in the sales of packaged food products, will drive the growth of the segment in focus in the coming years.

  • 37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for food contact paper in APAC. Market growth in this region will be faster than the growth of the market in other regions. The significant increase in the demand for packaged processed food products, trade and export activities, and rapid urbanization will facilitate the food contact paper market growth in APAC over the forecast period.

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Food Contact Paper Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026

  • Detailed information on factors that will assist food contact paper market growth during the next five years

  • Estimation of the food contact paper market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the food contact paper market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of food contact paper market vendors

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  • The e-commerce packaging market size is set to attain a USD 55.35 billion growth between 2021 and 2025 at a CAGR of 20.18%. Download a free sample now!

Food Contact Paper Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 9.4%

Market growth 2022-2026

USD 57.69 billion

Market structure

Fragmented

YoY growth (%)

11.31

Performing market contribution

APAC at 37%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ahlstrom Munksjo Oyj, Detmold Group, GASCOGNE Group, Georgia-Pacific LLC, Glatfelter Corp., Huhtamaki Oyj, International Paper Co., Maesindo Indonesia Ltd., Malex Paper Products Sdn Bhd, Mondi Group, Nordic Paper AS, Pactiv LLC, Papertec Inc., PT. Indah Kiat Pulp and Paper Tbk, PT Parisindo Pratama, Quick Pack Pacific Co. Ltd., SCG Packaging Public Co. Ltd., Smurfit Kappa Group, Twin Rivers Paper Co. Inc., and UPM-Kymmene Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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