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 2021–2028.
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.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00026660
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.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/europe-food-contact-paper-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
MONDI
WESTROCK COMPANY
UPM
AHLSTROM-MUNKSJÖ
KRPA HOLDING CZ, A.S.
GM Packaging (UK) Ltd
1) Segments Covered
By Type
- Kraft Paper
- Greaseproof Paper
- Parchment Paper
By Application
- Bakery and Confectionery
- Dairy Products
- Fruits and Vegetables
- Meat Fish and Poultry
Europe Food Contact Paper Market Segmentation
By Type
- Kraft Paper
- Greaseproof Paper
- Parchment/Wax Paper
- Others
By Application
- Bakery and Confectionery
- Dairy Products
- Fruits and Vegetables
- Meat, Fish, and Poultry
European Market Recovery and Growth:
- Resilience and Recovery: Despite the initial challenges, Europe is expected to witness a strong overall recovery.
- Government Initiatives: Government bodies in the region have initiated action plans to promote the adoption of digitalization technologies, which will aid in recovery.
- Developed Infrastructure: Europe’s developed countries possess the resources necessary to overcome pandemic-related challenges.
- Market Growth Forecast: The European food contact paper market is projected to experience a healthy compound annual growth rate (CAGR) during the forecast period.
- Technology and Innovation: The introduction of new features and technologies by vendors will attract new customers and expand market presence, driving market growth.
Key Takeaways:
- The COVID-19 pandemic caused significant disruptions to the food contact paper market, primarily through supply chain issues and restaurant industry challenges.
- Europe’s strong infrastructure, government support, and adoption of digitalization are expected to drive a robust recovery and growth in the food contact paper market.
- Technological advances are a major driver of customer attraction.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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: switi patil
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
