PUBLISHER: IMARC | PRODUCT CODE: 1519398
PUBLISHER: IMARC | PRODUCT CODE: 1519398
The global food contact paper and board market size reached US$ 61.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 96.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.05% during 2024-2032. The market is growing rapidly driven by increasing demand for packaged foods, rising consumer awareness and preference for sustainable solutions, escalating focus on regulatory compliance and safety standards, recent technological advancements, and rapid urbanization and changing consumer habits.
Market Growth and Size: The market is witnessing stable growth, driven by the rising demand for packaged foods and an increasing emphasis on sustainable packaging solutions.
Major Market Drivers: Key drivers influencing the market growth include increasing demand for packaged foods, consumer preference for eco-friendly packaging, stringent standards ensuring safety and quality, rapid urbanization, and recent technological advancements.
Technological Advancements: Recent innovations in barrier technology, which enhance the functionality of paper and board, are driving the market growth. Furthermore, advancements in sustainable materials and production process, responding to environmental concerns and regulatory compliances are supporting the market growth.
Industry Applications: The market is experiencing high product demand for bakery products, dry groceries, ready meals, and non-liquid dairy products.
Key Market Trends: The key market trends involve the ongoing shift towards sustainability and the growing demand for recyclable and sustainable packaging solutions. Additionally, the rise in customization and visually appealing packaging, is bolstering the market growth.
Geographical Trends: North America leads the market due to increasing focus on sustainability and high food safety standards. Other regions are also showing significant growth, fueled by economic development, strict regulatory standards, and changing consumer lifestyles.
Competitive Landscape: The market is characterized by a mix of major global players and regional companies that are investing in research and development (R&D), mergers, and acquisitions. Furthermore, companies are focusing on developing innovative, sustainable packaging solutions to meet evolving consumer and regulatory demands.
Challenges and Opportunities: The market faces various challenges, such as balancing the need for sustainable materials with functionality and costs. However, development of eco-friendly materials, expansion into emerging markets, and innovation in response to changing consumer preferences are creating new opportunities for the market growth.
The increasing demand for packaged foods
The escalating demand for packaged foods due to the fast-paced lifestyle of the modern consumer is propelling the demand for food contact paper and board. Additionally, widespread product adoption, owing to the growing reliance on packaged foods that offer quick and easy meal solutions, is creating a positive outlook for the market. Besides this, the rise in health consciousness, leading to an increase in the demand for packaged fresh foods and ready-to-eat (RTE) meals, which require high-quality food contact packaging, is supporting the market growth. This packaging not only serves the purpose of preservation and elongation of shelf life but also plays a crucial role in maintaining the quality and safety of food products. Moreover, the evolving consumer preferences for aesthetically appealing and convenient packaging designs are further bolstering the market growth.
Rising consumer awareness and preference for sustainable solutions
The surge in environmental consciousness among consumers is significantly influencing the market growth. Consumers are becoming more informed and concerned about the environmental impact of their consumption habits, leading to a preference for eco-friendly and sustainable packaging options. Food contact papers and boards, often being recyclable and biodegradable, fit well into this growing demand, as they are not only safe for food contact but also have a minimal environmental footprint. Furthermore, recent innovation in product manufacturing, as companies are developing new, more sustainable materials that align with consumer preference, is positively influencing the market growth. Along with this, advancements in pulp and paper technology, leading to the creation of more durable and sustainable packaging solutions, are supporting the market growth.
Increasing focus on regulatory compliance and safety standards
Governments and international bodies are establishing stringent regulations to ensure the safety and quality of food packaging materials. These regulations are designed to protect consumers by preventing contamination and preserving the quality of food products. They cover aspects like the composition of materials, permissible substances, and limits on chemical migration from packaging to food. Compliance with these standards reassures consumers about the safety of the packaged food, thereby increasing their trust and reliance on products. Manufacturers of food contact paper and board must adhere to these regulations, which often necessitates significant investment in research and development (R&D) to ensure that products are not only effective but also safe and compliant.
Recent technological advancements
Technological advancements in barrier technologies that enhance the functionality of paper and board are supporting the market growth. In line with this, the development of coatings and treatments that improve resistance to water, oil, and grease, which are essential for maintaining the integrity and safety of food products, is catalyzing the market growth. Furthermore, the ongoing improvements in the aesthetic and physical qualities of these materials, making them more appealing to both manufacturers and consumers, are positively influencing the market growth. Besides this, recent advancements in printing and finishing techniques, which have enabled high-quality, vibrant, and detailed packaging designs, are strengthening the market growth. Moreover, technological developments have also focused on sustainability, with efforts to create more eco-friendly production processes and recyclable materials.
Rapid urbanization and changing consumer habits
The ongoing trend of urbanization across the globe has profound effects on lifestyles, eating habits, and consumer preferences. The fast-paced lifestyle often leads to a preference for convenience foods, which require suitable packaging solutions. Moreover, the increasing demand for food contact paper and board for packaging on-the-go meals, snacks, and beverages is boosting the market growth. Additionally, the heightened frequency of dining out or ordering in, which necessitates the use of disposable and takeaway packaging, is supporting the market growth. Besides this, the growing demand for food contact paper and board that offer branding and marketing potential, owing to the increasing preference for visually appealing packaging, is driving the market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, paper weight, product type, application, and end-use sector.
Non-Poly Coated and Board
Poly Coated and Board
Non-poly coated and board accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes non-poly coated and board and poly coated and board. According to the report, non-poly coated and board represented the largest segment.
Up to 30 GSM
Between 30-50 GSM
Above 50 GSM
Up to 30 GSM holds the largest share in the industry
A detailed breakup and analysis of the market based on the paper weight have also been provided in the report. This includes up to 30 GSM, between 30-50 GSM, and above 50 GSM. According to the report, up to 30 GSM accounted for the largest market share.
Corrugated and Folding Cartons
Kraft Paper
Wrapping Paper
Others
Kraft paper represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the product type. This includes corrugated and folding cartons, kraft paper, wrapping paper, and others. According to the report, kraft paper represented the largest segment.
Bakery Products
Dry Groceries
Ready Meals
Non-liquid Dairy Products
Others
Bakery products exhibits a clear dominance in the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes bakery products, dry groceries, ready meals, non-liquid dairy products, and others. According to the report, bakery products accounted for the largest market share.
Hotels and Restaurants
Bakeries and Cafes
Fast Food Joints
Cinema Halls
Others
Fast food joints dominates the market
The report has provided a detailed breakup and analysis of the market based on the end-use sector. This includes hotels and restaurants, bakeries and cafes, fast food joints, cinema halls, and others. According to the report, fast food joints represented the largest segment.
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
North America leads the market, accounting for the largest food contact paper and board market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
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