Europe Food Contact Paper Market Analysis, Segments, Key Players, Drivers, Trends by Forecast 2022 to 2028
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.
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𝐒𝐚𝐦𝐩𝐥𝐞
𝐏𝐃𝐅
𝐂𝐨𝐩𝐲@
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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.
📚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
Looking ahead, the food contact
paper market is poised for continued growth and innovation. The increasing
demand for safe, sustainable, and convenient packaging solutions will continue
to drive the development of new and improved paper-based materials. The market
is also expected to benefit from the growing awareness of the environmental
impact of packaging and the increasing adoption of circular economy principles.
As regulations become stricter and consumer preferences evolve, the food
contact paper market will continue to adapt and innovate, playing a vital role
in ensuring the safety and sustainability of the food supply chain.
Ultimately, the future of food contact paper lies in its ability to balance the competing demands of safety, sustainability, and functionality. By embracing innovation and collaboration, the industry can create packaging solutions that meet the needs of consumers and protect the environment. The focus on renewable resources, recyclable materials, and biodegradable coatings will continue to be paramount. The constant push for higher barrier properties, while maintaining the paper's recyclability, will be a key area of research. And the ability to provide aesthetically pleasing and functional packaging will separate the leaders from the laggards. As consumer consciousness grows, so will the importance of the food contact paper industry.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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