Food Contact Paper Market Research Report for Complete Analysis of Current Scenario January 07, 2022
Transparency Market Research delivers key insights on the food contact paper
market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020–2028. In terms of revenue, the global food contact paper market is projected to grow at a CAGR of 4.5% during the forecast period, owing to several factors, about which TMR offers detailed insights and forecasts in the food contact paper market report.
Food contact paper is predominately used in the food service industry in the packaging of a wide range of food items. The growing demand for paper-based packaging solutions for food is anticipated to bolster the sales of food contact paper during the foreseeable future. TMR team segmented the food contact paper market based on material, thickness, application, and end use. Based on thickness, up to 30 GSM segment of the global food contact paper market is estimated to account for a major market share, and expected to drive the overall food contact paper market during the forecast period.
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High Demand for Fast Food to Supplement Sales of Food Contact Paper
The global food contact paper market is significantly driven by the demand generated from and food service industry. Food contact paper is used for packaging of several food items such as burgers, pizza, wraps & rolls, sandwiches, and others. The global fast food segment has experienced robust market growth in the past couple of years as a result of increased consumer inclination toward readymade and pack food items due to busier lifestyles. The growing demand for on the go and fast food items worldwide is creating massive demand for food packaging solutions, including food contact paper. Furthermore, increasing number and rapid penetration of food service retailers across the emerging economies are further offering lucrative opportunities for food contact paper manufacturers to maximize sales. All these factors are anticipated to positively impact the food contact paper market.