Report : Europe Food Contact Paper Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Kraft Paper, Greaseproof Paper, Parchment Paper, and Others), Application (Bakery and Confectionery, Dairy Products, Fruits and Vegetables, Meat Fish and Poultry, and Others)
Kraft Paper Segment has the Largest Share of Type in the Europe Food Contact Paper Market during 2021–2028
According to our latest study on “Europe Food Contact Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 20.0 billion by 2028 from US$ 14.4 billion in 2021; it is expected to grow at a CAGR of 4.8% 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 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.
Based on product, the Europe 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, GM Packaging (UK) Ltd, Ahlstrom-Munksjö, and Krpa Holding Cz, A.S. are among the leading companies in the Europe 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 Europe (Germany, UK, France, Italy, Russia, Rest of Europe).
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