The Europe food contact paper market is expected to reach US$ 20.0 billion by 2028 from US$ 14.4 billion in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021โ2028.
As consumers are becoming increasingly inclined towards high quality ingredients and convenience, fast casual restaurant chains such as Panera Bread and Chipotle Mexican Grill have been swiftly rising. The growth in fast food chains is one of the biggest driving factors of food contact paper market as the segment acquires a significant market share. Hectic schedules of consumers, combined with a change in lifestyles, are leading to a rise in the consumption of packaged food, especially ready-to-eat meals. The growing demand for handheld breakfast and frozen pizza is causing a surge in the RTE meals market. These products are typically marketed as inexpensive, high-quality products with retained freshness. This has led to the immense popularity of RTE in Europe, leading brands to strategically drive their growth through expansion and targeted marketing. Moreover, innovation in food products has further aided the market growth for packaged foods. For instance, Sunbasket offers DIY meal kits with Mediterranean, gluten-free, diabetes-friendly, paleo, and vegan options. Moreover, Whitworths introduced plant-based RTE meals for vegan consumers made from wheat berries, lentils, quinoa, and pinto beans. Various brands have also introduced preservative-free, low-sodium, and low-calorie RTE meals for fitness-savvy consumers.
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The COVID-19 outbreak has also affected the supply chain of raw materials required for the food and beverage industry to a greater extent, which has eventually hampered the overall manufacturing processes and research and development activities, thereby impacting the food contact paper market growth. The restaurants in Europe have been reopening amid the challenging conditions such as safety concerns, reduction in seating capacity, and infection waves. The food and beverage industry was largely affected in Italy amid the pandemic as the death toll remained high in the country in 2020. Germany had relatively stronger recovery as the country started taking reservation for diners in 2020. The region is expected to witness a strong overall recovery as the governments bodies in the region have initiated action plans for adoption of digitalization technologies. The region consists of many developed countries that are equipped with resources required to overcome the challenges faced amid the pandemic outbreak and is hence expected to witness growth for food contact paper market over forecast period.
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๐๐ก๐ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
MONDI
WESTROCK COMPANY
UPM
AHLSTROM-MUNKSJร
KRPA HOLDING CZ, A.S.
GM Packaging (UK) Ltd
1) Segments Covered
By Type
โข Kraft Paper
โข Greaseproof Paper
โข Parchment Paper
By Application
โข Bakery and Confectionery
โข Dairy Products
โข Fruits and Vegetables
โข Meat Fish and Poultry
Europe Food Contact Paper Market Segmentation
By Type
โข Kraft Paper
โข Greaseproof Paper
โข Parchment/Wax Paper
โข Others
By Application
โข Bakery and Confectionery
โข Dairy Products
โข Fruits and Vegetables
โข Meat, Fish, and Poultry
Furthermore, the growing popularity of e-commerce and food delivery services is transforming the way food is packaged and delivered. This has created a need for packaging that can withstand the rigors of transportation and maintain the quality of the product. Food contact paper plays a crucial role in ensuring that food items arrive at their destination in optimal condition. This includes applications like grease proof paper for delivery of fried foods, and moisture barrier paper for prepared meals.
Technological advancements are also playing a vital role in shaping the future of the food contact paper market. Innovations in papermaking processes, coating technologies, and printing techniques are enabling the production of papers with enhanced performance characteristics and aesthetic appeal. For instance, advancements in nano-coating technologies are enabling the creation of papers with superior barrier properties, while advancements in digital printing are allowing for greater customization and personalization of packaging.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author: Akash Gharge
๐๐๐จ๐ฎ๐ญ ๐๐ฌ: Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
