Growing demand for frozen food and increase in demand for sustainable and eco-friendly food packaging acts as a vital factor escalating the market growth. Moreover, growing evidence that food packaging is transporting SARS-CoV-2 across international borders is expected to act as a major factor driving the food contact paper market. In addition to that, growing initiatives by companies to reduce their carbon footprint are influencing the adoption of food contact paper across the world. will further create new opportunities for food contact paper market.

MARKET DRIVERS 

Increased demand for food contact papers as the main packaging material for various food products such as baked food, confectionery, meat, snacks and grain mill products. The increase in demand for sustainable and eco-friendly food packaging has increased the demand for food paper packaging. Rising awareness about the environment, and increasing government initiatives to ban plastic and sustainable packaging solutions drive the growth of the food contact paper market. Further, growing initiatives by companies to reduce their carbon footprint increase the adoption of food contact paper across the globe. In addition, the growing e-commerce sector is increasing demand for various products such as packaged food and groceries, which has boosted the use of food contact papers.

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MARKET OPPORTUNITIES

The growing demand for recyclable and biodegradable packaging and the growing demand for ready-to-eat and packaged food created major opportunity for the food contact paper market. As the biodegradable and recyclable packaging has been an attractive alternative to single-use packaging options for both consumers and manufacturers. Food service packaging generates a significant amount of waste in landfills in the US. As per a report published by the United States Environmental Protection Agency, food waste and packaging account for the majority of the landfilled materials in the US. Since paper packaging is biodegradable, it is preferred over recyclable packaging.

MARKET RESTRAINTS

The increased penetration by aluminum foil packaging restrain the growth of the food contact paper market. In addition, stringent government regulations by European Food Safety Authority and the Food and Drug Administration (FDA), U.S. is expected to acts as a restraining factor for the market. 

MARKET GROWTH CHALLENGES

The instability in the price of raw materials reduce the profit margin of the vendors owing to increased production costs, which act as a major challenge to the growth of the food contact paper market. Moreover, growing awareness about use of harmful chemicals in packaging to improve the functionality and translucency of materials is challenging market demand in forecasted period. 

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global food contact paper market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various food contact paper in various applications has led the increasing demand for market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.

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