About Food Wrapping Paper
Over the past few decades, due to increasing food and beverage infrastructure across the globe has upsurged the demand for food packaging material, In addition to this, growing fast-food consumption has also escalated the business for food wrapping papers across the global market. These wrapping papers have strengthened the global fast-food packaging market since it assists food packaging and also offers good functional properties to keep food fresh for a long period of time. These wrapping papers are mainly designed by several materials such as PP, PE, PVC, EVOH, and biodegradable materials.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Wrapping Paper market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Berry Global, Inc. (United States), Delfort Group (Austria), Georgia-Pacific LLC (United States), Twin Rivers Paper Company (United States), Hindalco Industries Limited (India), Huhtamaki Oyj (Finland), Mitsubishi Chemical Holdings Limited (Japan), Amcor plc (Australia), Mondi Group (Austria) and Reynolds Group Holding Limited (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Thong Guan Industries Bhd (Malaysia), The Clorox Company (United States), United Company RUSAL Plc (Russia), Hulamin Limited (South Africa), Anchor Packaging Inc. (United States) and Harwal group (United Arab Emirates).
Segmentation Overview
AMA Research has segmented the market of Global Food Wrapping Paper market by Type (Paper, Plastic and Others) and Region.
On the basis of geography, the market of Food Wrapping Paper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness (Plastic & Aluminum Foil ), the sub-segment i.e. Below 8 Microns will boost the Food Wrapping Paper market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Thickness (Paper), the sub-segment i.e. Up to 30 GSM will boost the Food Wrapping Paper market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Paper, the sub-segment i.e. Kraft Paper will boost the Food Wrapping Paper market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plastic, the sub-segment i.e. Polyethylene will boost the Food Wrapping Paper market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurging Demand for Thermal Resistant Food Wrapping Paper and Increasing Demand for Durable and Safe Wrapping Papers
Market Growth Drivers:
Growing Fast Food Consumption across the Global Population and Increasing Awareness about Packed Foods over the Past Few Decades
Challenges:
Availability of Numerous Safe Food Containers and other Substitute Products and High Involvement of Plastic Products across the Globe
Restraints:
Growing Prevalence of Foof Contamination due to Faultier Packaging and Some Food Products can be damaged on Exposure to Plastic Packagings
Opportunities:
Rising Adoption of Online Food Portals in the Developing Countries like India China and Growing Demand for Food and Beverage Chain Business
Market Leaders and their expansionary development strategies
In January 2024, NatureFlex announces acquisition of BioNature: This deal brings together two leading producers of sustainable food packaging solutions, expanding NatureFlex's reach in the bio-based film market.
In December 2023, Sealed Air introduced compostable food wrap: This new wrap is designed to break down in compost piles, offering a more eco-friendly alternative to traditional plastic wrap.
Key Target Audience
Food Wrapping Paper Manufacturers, Food Wrapping Paper Distributors and Traders, Food and Beverage Industry Associations, Government Agencies, Research and Development Institutes, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.