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
The
Evolving Landscape of the Food Contact Paper Market: A Convergence of Safety,
Sustainability, and Consumer Demands
The food contact paper market, a
seemingly unassuming segment of the broader packaging industry, is undergoing a
profound transformation. Driven by heightened consumer awareness regarding food
safety, stringent regulatory frameworks, and an escalating emphasis on
sustainable practices, this market is experiencing significant growth and
diversification. From the humble wax paper used for wrapping sandwiches to
sophisticated barrier papers designed for complex packaging applications, the
industry is constantly innovating to meet the evolving needs of food
manufacturers, retailers, and consumers alike.
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