Kraft Paper Segment has the Largest Share of Type in the Asia Pacific Food Contact Paper Market during 2021–2028

According to our latest study on “Asia Pacific Food Contact Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 43.0 billion by 2028 from US$ 29.2 billion in 2021; it is expected to grow at a CAGR of 5.7% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growth in the food service industry and increase in demand for processed food products. The expanding metropolitan population is driving the consumption of packaged food along with a rise in the consumption of use and throw serve packs. Furthermore, manufacturers in the food contact paper market have high growth potential to expand their operations across the region owing to significant product demand, rapidly expanding food service sector, availability of resources, cheap labour and manufacturing capabilities, among others.

The COVID-19 outbreak is anticipated to cause a significant economic loss in Asia-Pacific. The consequence and impact are likely to worsen with the spread of the virus. The governments of various Asia-Pacific countries-imposed lockdowns in early 2020 to restrict the spread of the virus. The governments have asked the food and beverage manufacturers to delay their production, which has adversely affected the global supply of food and beverages, and subsequently food contact paper. However, in 2021, the government of different countries in Asia-Pacific are now offering vaccination to people and taking precautionary measures to protect people against the spread of COVID-19. Also, e-commerce network is playing a major role in food distribution during the pandemic, and people mostly prefer buying products online. The emergence of various food delivery apps in the region is benefitting the food contact paper market and helping in speedy recovery of the demand. The reliance on food delivery apps is growing rapidly as more consumers in the region have begun to have access to required technology. The hectic lifestyles of consumers in developing countries along with the growing disposable income has increased dependency on takeaway food, therefore benefitting the food contact paper market. Therefore, despite the emergence of pandemic the high dependency on packaged food as well as takeaway food coupled with the growth in food delivery apps has helped the food contact paper market stay afloat through the pandemic.

Based on product, the Asia Pacific food contact paper market is bifurcated into kraft paper, greaseproof paper, parchment/wax paper, and others. In 2021, the kraft paper segment held the largest share. Kraft paper is used for manufacturing various food contact papers including paper bags, paper sacks, wrapping paper, and paper plates. The segment is expected to witness substantial growth in the industry during the forecast period.

Mondi, Westrock Company, Upm, Superiorpaper Pty Ltd., TOPCARE, Ahlstrom-Munksjö, and Krpa Holding Cz, A.S. are among the leading companies in the Asia Pacific food contact paper market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for food contact paper market is segmented into type, and application. Based on type, the food contact paper market is segmented into kraft paper, greaseproof paper, parchment/wax paper, and others. Based on application, the food contact paper market is segmented into bakery and confectionery, dairy products, fruits and vegetables, meat fish and poultry, and others. Geographically, the food contact paper market is segmented into Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific).

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