Kraft Paper Segment has the Largest Share of Type in the South & Central America Food Contact Paper Market during 2021–2028

According to our latest study on “South & Central America Food Contact Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 5.6 billion by 2028 from US$ 4.4 billion in 2021; it is expected to grow at a CAGR of 3.7% 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.

Brazil accounted for the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. Nevertheless, the region is experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to lowered export performance in China, Europe, and the US. In addition, containment measures in several South American countries have reduced economic activity in the food and beverage industry; however, the industry is likely to rebound once the country manages to control the number of Covid cases. South and Central America is experiencing a growing trend of ghost kitchens or dark kitchens which are the restaurants that only offer food for takeaway or delivery. The growth in ghost kitchens has helped in the stability and recovery of the QSR sector in food and beverages industry. The food and beverages industry in Brazil suffered the most post the outbreak of pandemic, however surveys suggest that the number of households ordering food has increased amid COVID-19 pandemic, therefore positively benefitting the food contact paper market in the country. Moreover, as per Association of Exporters and the Digital Commerce Camara of Guatemala, the expansion of small businesses on digital platforms has tripled in Panama, Costa Rica and Guatemala. Therefore, the high growth of takeaway and online food ordering has resulted in steady recovery in South and Central America.

Based on product, the South & Central America 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, Ahlstrom-Munksjö, and Krpa Holding Cz, A.S. are among the leading companies in the South & Central America 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 South & Central America (Brazil, Argentina, Rest of South & Central America).

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