Food Contact Paper and Board Market Report: Trends, Forecast and Competitive Analysis to 2030

Food Contact Paper and Board Trends and Forecast

The future of the global food contact paper and board market looks promising with opportunities in the hotels & restaurant, bakery & cafe, fast food joint, and cinema hall markets. The global food contact paper and board market is expected to reach an estimated $78.0 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for packaged foods, rising consumer awareness and preference for sustainable solutions, and increased urbanization, and shifting consumer behavior.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Food Contact Paper and Board by Segment

The study includes a forecast for the global food contact paper and board by product type, type, application, end use, and region.

Food Contact Paper and Board Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

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

Food Contact Paper and Board Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Non-Poly Coated & Board
• Poly Coated & Board

Food Contact Paper and Board Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

Food Contact Paper and Board Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

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

Food Contact Paper and Board Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Food Contact Paper and Board Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies food contact paper and board companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the food contact paper and board companies profiled in this report include-

• Anchor Packaging
• Ball Corporation
• Bischof + Klein
• Georgia-Pacific
• Huhtamaki
• Huntsman
• International Paper Company
• Intertek
• Mondi
• Nippon Paper Group

Food Contact Paper and Board Market Insights

Lucintel forecasts that kraft paper will remain the largest segment over the forecast period due to broad use in a variety of applications for food packaging.

Within this market, fast food joints will remain the largest segment because it uses a lot of food contact paper and board for all kinds of packaging, such as trays, cups, wrappers, and takeout containers.

North America will remain the largest region over the forecast period due to strong consumer buying power, a thriving food service sector, and strict food safety laws in the region.

Features of the Global Food Contact Paper and Board Market

Market Size Estimates: Food contact paper and board market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Food contact paper and board market size by product type, type, application, end use, and region in terms of value ($B).

Regional Analysis: Food contact paper and board market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, type, application, end use, and regions for the food contact paper and board market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the food contact paper and board market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the food contact paper and board market size?

Answer: The global food contact paper and board market is expected to reach an estimated $78.0 billion by 2030.

Q2. What is the growth forecast for food contact paper and board market?

Answer: The global food contact paper and board market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the food contact paper and board market?

Answer: The major drivers for this market are growing demand for packaged foods, rising consumer awareness and preference for sustainable solutions, and increased urbanization, and shifting consumer behavior.

Q4. What are the major segments for food contact paper and board market?

Answer: The future of the global food contact paper and board market looks promising with opportunities in the hotels & restaurant, bakery & cafe, fast food joint, and cinema hall markets.

Q5. Who are the key food contact paper and board market companies?

Answer: Some of the key food contact paper and board companies are as follows:

• Anchor Packaging
• Ball Corporation
• Bischof + Klein
• Georgia-Pacific
• Huhtamaki
• Huntsman
• International Paper Company
• Intertek
• Mondi
• Nippon Paper Group

Q6. Which food contact paper and board market segment will be the largest in future?

Answer: Lucintel forecasts that kraft paper will remain the largest segment over the forecast period due to broad use in a variety of applications for food packaging.

Q7. In food contact paper and board market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to strong consumer buying power, a thriving food service sector, and strict food safety laws in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the food contact paper and board market by product type (corrugated & folding cartons, kraft paper, wrapping paper, and others), type (non-poly coated & board and poly coated & board), application (bakery products, dry groceries, ready meals, non-liquid dairy products, and others), end use (hotels & restaurants, bakeries & cafes, fast food joints, cinema halls, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?