Market Overview:
Global Food Contact Specialty Paper Market size was valued at USD 3.33 Billion in 2022 and is projected to reach USD 5 Billion by 2030, growing at a CAGR of 5.20% during the forecast period.
With the continuous expansion of the Food Industry, an indispensable aspect is the packaging, storage, and distribution of food products. This involves the use of various materials known as Food Contact Materials (FCM), designed to be in direct contact with food. Historically, plastic has been the primary packaging material employed in the food industry. However, concerns have arisen regarding food contamination, particularly due to single-use plastics like polyethylene, which has raised alarms about potential adverse health effects. In response to these concerns, the industry is now embracing highly sustainable and safe alternatives for food packaging, such as paper and boards.
Top Key Players in Food Contact Specialty Paper Market:
Mondi (UK), Yiwu Natural Paper Products Co. Ltd (China), Nippon Paper (Japan), Blue Mount Paper & Boards Limited (India), BPM Inc. (US), Pudumjee Paper Products (India), Zhejiang Jinchang Special Paper Co. Ltd. (China), Asian Pulp & Paper Company (Indonesia), Bobsen Paper Ware Co. Ltd. (Taiwan), Koehler Paper (Germany), Westrock Company (US), Sangal Papers Ltd. (India), LINTEC Corporation (Japan), Domtar (US), Sappi (South Africa) and Other Major Players.
Market Dynamics and Factors for Food Contact Specialty Paper Market:
Drivers:
Use of High-Performance Papers and Boards in Food Packaging to Improve Shelf-Life and Safety
The increasing focus on food safety and environmental sustainability has driven the demand for high-performance papers and boards in the food packaging industry. These specialty papers and boards are designed to ensure the utmost safety of food products while extending their shelf life, making them a preferred choice over traditional plastic packaging materials.
High-performance papers and boards offer several advantages in food packaging. They possess excellent barrier properties that prevent the migration of harmful substances from the packaging to the food.
Opportunities:
Ever-Growing Demand for Eco-Friendly and Sustainable Packaging to Fulfill Changing Eating Habits of People
The ever-growing demand for eco-friendly and sustainable packaging solutions is presenting a significant opportunity for the Food Contact Specialty Paper Market. This surge in demand is largely driven by changing eating habits and consumer preferences worldwide.
As people become more health conscious and environmentally aware, there is a noticeable shift in their eating habits. Consumers are increasingly seeking fresh, minimally processed, and organic food products.
Segmentation Analysis of the Food Contact Specialty Paper Market:
- By Type, the Kraft segment had the largest market share. Kraft paper is a high-strength paper made from wood pulp through the Kraft process. It is widely used in various packaging applications, including food packaging.
- By Application, In the bakery and confectionery industry, packaging plays a crucial role in preserving the freshness, quality, and visual appeal of the products. Food contact specialty papers are well-suited for this purpose as they are designed to ensure the safety and integrity of the food items they come into direct contact with.
Regional Analysis of the Food Contact Specialty Paper Market:
The North American region holds a dominant position in the Food Contact Specialty Paper Market, experiencing substantial growth and representing the largest consumption of these specialized papers. This trend can be attributed to the United States and Canada, where the urban population's preferences for fast food and online-delivered packaged food and groceries are driving the market's expansion.
Key Industry Development:
- In December 2022, Koehler Paper, part of the Koehler Group, is adding another product i.e., NexPure OGR, for use in the fast-food market to its flexible packaging paper portfolio. The company introduces the product by looking at the Consumer demand for sustainable products and packaging in the fast-food sector. The new Koehler NexPure OGR is an oil- and grease-resistant, sustainable paper to the market, which will be suitable for packaging foods such as fries, sandwiches, wraps, and burritos.
- In April 2022, Mondi, a global leader in packaging and paper, launches packaging solutions at Anuga FoodTec in Germany. The company highlights the need for innovative packaging solutions in the fresh food industry by introducing two new recyclable packaging products - a paper-based tray and a semi-rigid plastic tray at Anuga FoodTec.
