PUBLISHER: The Business Research Company | PRODUCT CODE: 1539817
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539817
Vegetable parchment paper refers to a type of paper treated to improve its durability, grease resistance, and water resistance, making it suitable for culinary and industrial uses. It plays a crucial role in achieving consistent baking results, facilitating easy cleanup, and upholding food safety standards in the culinary sector.
The main types of vegetable parchment paper include bleached, natural, resin-treated, and other varieties. Bleached vegetable parchment paper undergoes a lightening process to enhance its appearance and adaptability for diverse applications. It is categorized into classifications such as plain vegetable parchment and siliconized genuine vegetable parchment. These papers are available through hypermarkets, supermarkets, specialty stores, online platforms, and other distribution channels, and find applications in the food industry, paper industry, and beyond.
The vegetable parchment paper market research report is one of a series of new reports from The Business Research Company that provides vegetable parchment paper market statistics, including vegetable parchment paper industry global market size, regional shares, competitors with a vegetable parchment paper market share, detailed vegetable parchment paper market segments, market trends, and opportunities, and any further data you may need to thrive in the vegetable parchment paper industry. This vegetable parchment paper research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The vegetable parchment paper market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to several factors, increasing preference for vegetable parchment paper in the food packaging industry, high growth in the processed food industry, rising environmental consciousness, growing demand from the food industry, and increasing consumer demand for sustainable, high-quality parchment papers.
The vegetable parchment paper market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to several factors, the expanding food packaging sector, rising disposable income levels, increasing concerns about plastic pollution, growing demand for convenience products, and heightened awareness of health issues. Major trends expected during this period include a shift towards recyclable or biodegradable options, recent developments in technology, the expansion of bakery industries, and changes in consumer preferences towards toxin-free products.
The vegetable parchment paper market is poised for growth driven by increasing demand from the food industry. This sector, which encompasses farmers and a variety of businesses, serves the global population's food needs, spurred by population growth and evolving consumer preferences favoring convenience and diverse dietary choices. Vegetable parchment paper plays a crucial role in the food industry, facilitating efficient food preparation, ensuring cooking consistency, promoting food safety, and supporting environmental sustainability efforts. For example, according to the United States Department of Agriculture's data from September 2023, total food spending in the US saw significant increases of 11.4% in 2021 and 3.4% in 2022, with notable rises in spending on food away from home (FAFH), up by 19% in 2021 and 8% in 2022. This underscores the strong demand growth within the food industry, which is driving the expansion of the vegetable parchment paper market.
Leading companies in the vegetable parchment paper market are innovating with advanced solutions such as silicone high-density greaseproof papers to enhance performance in high-temperature cooking and baking. AHLSTROM-MUNKSJO OYJ, headquartered in Finland, introduced a new range of silicone high-density greaseproof papers branded as Durabake in May 2021. These papers are specifically designed to improve moisture resistance, durability, and overall performance by applying a special silicone coating that forms a robust barrier against grease and moisture. Durabake papers are known for their exceptional release properties, resistance to grease and moisture, and enhanced wet strength, making them ideal for demanding applications. Available in both bleached and truly natural fibers, AHLSTROM-MUNKSJO's Durabake papers offer a variety of colors, basis weights, and finishes to meet diverse application requirements in the food industry and beyond.
In December 2021, Nordic Paper Holding AB, a Canadian paper production company, acquired Glassine Canada Inc., a specialist in high-quality paper products including greaseproof and specialty papers for food applications. This strategic acquisition expands Nordic Paper's portfolio, integrating Glassine Canada's expertise in vegetable parchment paper and other food-grade papers.
Major companies operating in the vegetable parchment paper market are Tesco Plc, Westrock Company, Nippon Paper Industries Co. Ltd., Reynolds Consumer Products Inc., Ahlstrom Oyj, Schweitzer-Mauduit International Inc., Antalis International, JK Paper Ltd., Delfort Group AG, Metsa Tissue, Seaman Paper Company, Nordic Paper GmbH, Pudumjee Paper Products Ltd., Paterson Pacific Parchment Company, The Griff Network, KRPA Holding CZ a.s., GrupASA, Expera Specialty Solutions, Scan Holdings Private Limited, Amol Paper Mills Pvt Ltd, Black Label Paper Company, Royal Paper Products Inc., Laufenberg GmbH, Cheever Specialty Paper And Film
North America was the largest region in the vegetable parchment paper market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegetable parchment paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the vegetable parchment paper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The vegetable parchment paper market consists of sales of unbleached parchment paper and siliconized genuine vegetable parchment paper. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vegetable Parchment Paper Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vegetable parchment paper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vegetable parchment paper ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vegetable parchment paper market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.