The global food contact paper and board market size reached US$ 58.0 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 79.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.43% during 2023-2028.
Food contact paper and board, or food contact materials (FCMs), refer to the packaging products used during processing, preparation, storing, serving and consumption of edible products. These packaging products are designed for convenient food storage and ease in food serving and disposal, along with protecting the contents from contaminants, such as air, dust, moisture and grease. Corrugated boards, folding cartons, wrapping paper, paper bags and cup stock boards are the most common types of food contact materials available in the market. They are majorly used for packing bakery products, groceries, beverages, ready-to-eat meals and dairy products.
The growing food and beverage industry represent as one of the key factors driving the growth of the market. Furthermore, the implementation of favorable policies promoting the use of paper-based contact paper and boards as an alternative for plastic and aluminum packaging materials is acting as another growth-inducing factor. Owing to growing environmental consciousness and enhanced focus on the sustainable way of living, consumer preferences are rapidly shifting toward bio-degradable and compostable food packaging products. Additionally, the growing demand for ready-to-eat and packed foods, along with a significant increase in the number of fast-food serving cafes, restaurants and hotels, is also creating a positive outlook for the market growth. With evolving lifestyles and increasing preference for hygienic foods, several brands and companies are opting for food-grade contact papers and boards, which are utilized for safe distribution and transportation of food products. Other factors, including rapid urbanization and extensive research and development (R&D) activities, are projected to drive the market further.
2. What is the expected growth rate of the global food contact paper and board market during 2023-2028?
3. What are the key factors driving the global food contact paper and board market?
4. What has been the impact of COVID-19 on the global food contact paper and board market?
5. What is the breakup of the global food contact paper and board market based on the type?
6. What is the breakup of the global food contact paper and board market based on the paper weight?
7. What is the breakup of the global food contact paper and board market based on the product type?
8. What is the breakup of the global food contact paper and board market based on the application?
9. What is the breakup of the global food contact paper and board market based on the end-use sector?
10. What are the key regions in the global food contact paper and board market?
11. Who are the key players/companies in the global food contact paper and board market?
Food contact paper and board, or food contact materials (FCMs), refer to the packaging products used during processing, preparation, storing, serving and consumption of edible products. These packaging products are designed for convenient food storage and ease in food serving and disposal, along with protecting the contents from contaminants, such as air, dust, moisture and grease. Corrugated boards, folding cartons, wrapping paper, paper bags and cup stock boards are the most common types of food contact materials available in the market. They are majorly used for packing bakery products, groceries, beverages, ready-to-eat meals and dairy products.
The growing food and beverage industry represent as one of the key factors driving the growth of the market. Furthermore, the implementation of favorable policies promoting the use of paper-based contact paper and boards as an alternative for plastic and aluminum packaging materials is acting as another growth-inducing factor. Owing to growing environmental consciousness and enhanced focus on the sustainable way of living, consumer preferences are rapidly shifting toward bio-degradable and compostable food packaging products. Additionally, the growing demand for ready-to-eat and packed foods, along with a significant increase in the number of fast-food serving cafes, restaurants and hotels, is also creating a positive outlook for the market growth. With evolving lifestyles and increasing preference for hygienic foods, several brands and companies are opting for food-grade contact papers and boards, which are utilized for safe distribution and transportation of food products. Other factors, including rapid urbanization and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global food contact paper and board market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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 Restraunts
- Bakeries and Cafes
- Fast Food Joints
- Cinema Halls
- Others
Breakup by 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
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Anchor Packaging Inc., Ball Corporation, Bischof + Klein SE & Co. KG, Georgia-Pacific LLC, Huhtamäki Oyj, Huntsman Corporation, International Paper Company, Intertek Group, Mondi Plc., Nippon Paper Group, Sonoco Products, etc.Key Questions Answered in This Report
1. What was the size of the global food contact paper and board market in 2022?2. What is the expected growth rate of the global food contact paper and board market during 2023-2028?
3. What are the key factors driving the global food contact paper and board market?
4. What has been the impact of COVID-19 on the global food contact paper and board market?
5. What is the breakup of the global food contact paper and board market based on the type?
6. What is the breakup of the global food contact paper and board market based on the paper weight?
7. What is the breakup of the global food contact paper and board market based on the product type?
8. What is the breakup of the global food contact paper and board market based on the application?
9. What is the breakup of the global food contact paper and board market based on the end-use sector?
10. What are the key regions in the global food contact paper and board market?
11. Who are the key players/companies in the global food contact paper and board market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Food Contact Paper and Board Market
6 Market Breakup by Type
7 Market Breakup by Paper Weight
8 Market Breakup by Product Type
9 Market Breakup by Application
10 Market Breakup by End-Use Sector
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Anchor Packaging Inc.
- Ball Corporation
- Bischof + Klein SE & Co. KG
- Georgia-Pacific LLC
- Huhtamäki Oyj
- Huntsman Corporation
- International Paper Company
- Intertek Group
- Mondi Plc.
- Nippon Paper Group
- Sonoco Products
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 58 Billion |
| Forecasted Market Value ( USD | $ 79.6 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
