Global Food Contact Paper and Board Market to Reach US$ 96.1 Billion by 2032, Propelled by Rising Environmental Awareness Among Masses

According to the latest report by IMARC Group, titled "Food Contact Paper and Board Market Report by Type (Non-Poly Coated and Board, Poly Coated and Board), Paper Weight (Up to 30 GSM, Between 30-50 GSM, Above 50 GSM), Product Type (Corrugated and Folding Cartons, Kraft Paper, Wrapping Paper, and Others), Application (Bakery Products, Dry Groceries, Ready Meals, Non-liquid Dairy Products, and Others), End-Use Sector (Hotels and Restraunts, Bakeries and Cafes, Fast Food Joints, Cinema Halls, and Others), and Region 2024-2032," the global food contact paper and board market size reached US$ 61.1 Billion in 2023. Food contact paper and board refer to food-safe materials manufactured for packaging and storing various food products. They are produced from recycled paper, cardboard and cellulose fibers, and bleached virgin pulp. They provide protection from heat, moisture, dirt, and dust and maintain the shelf life of various food products. They also prevent contamination caused by various pathogens to retain the original quality of the consumable product and protect the health of consumers. They are utilized for storing dry food products, such as biscuits, flour, dry fruits, nuts, seeds, chocolates, and spices, to retain their flavor and aroma. They are used in producing corrugated boards, storage cartons, wrapping papers, and paper bags for convenient food storage. They are also employed in the packaging of various semi-solid edible items, such as lard and butter, as food contact paper and board prevent the leakage or spillage of the products.

Global Food Contact Paper and Board Market Trends:

At present, the increasing demand for food contact paper and board as they are safe, lightweight, and biodegradable represents one of the primary factors influencing the market positively. Besides this, the rising adoption of eco-friendly packaging material due to the growing environmental awareness among the masses is offering a favorable market outlook. In addition, the increasing consumption of various processed and ready-to-eat (RTE) packaged food products due to changing consumer preferences around the world is propelling the growth of the market. Apart from this, the rising number of hotels, quick-service restaurants (QSRs), and cafes offering takeaway services to their customers is contributing to the growth of the market. Additionally, the increasing awareness about hygiene maintenance and utilization of various food-grade materials in packaging edible products is supporting the growth of the market. Moreover, the rising number of online food and grocery delivery companies worldwide is bolstering the growth of the market. Furthermore, the wide availability of greaseproof and non-stick food-grade papers is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 96.1 Billion by 2032, exhibiting a CAGR of 5.05% during 2024-2032. 

Market Summary:

• On the basis of the type, the market has been bifurcated into non-poly coated and board and poly coated and board. Non-poly coated and board currently represents the largest segment.
• Based on the paper weight, the market has been segregated into up to 30 GSM, between 30-50 GSM, and above 50 GSM. At present, up to 30 GSM holds the largest share in the market.
• On the basis of the product type, the market has been classified into corrugated and folding cartons, kraft paper, wrapping paper, and others. Presently, kraft paper exhibit a clear dominance in the market.
• Based on the application, the market has been segmented into bakery products, dry groceries, ready meals, non-liquid dairy products, and others. Presently, bakery products exhibit a clear dominance in the market.
• On the basis of the end-use sector, the market has been classified into hotels and restaurants, bakeries and cafes, fast food joints, cinema halls, and others. Presently, fast food joints exhibit a clear dominance in the market.
• Region-wise, the market has been divided into North America (the United States and Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others) Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others) Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Anchor Packaging Inc., Ball Corporation, Bischof + Klein SE & Co. KG, Georgia-Pacific LLC, Huhtamäki Oyj, Huntsman Corporation, International Paper Company, Intertek Group, Mondi Plc., Nippon Paper Group, and Sonoco Products.

Report Coverage:

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