Asia Pacific Food Contact Paper Market

Market Introduction

Food contact paper is used as primary packaging materials for various food products such as baked food, confectionery, meat, snacks, and grain mill products. Food contact paper is a sustainable alternative to many other food packaging materials such as plastic and glass. Growing initiatives by companies to reduce their carbon footprint has been a major factor influencing the adoption of food contact paper.

Moreover, the expanding demand for recyclable and biodegradable packing is expected to bolster the market growth during the forecast period. However, higher market penetration by aluminum foil packaging limit the growth of the Asia Pacific food contact paper market.

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.

Get more information on this report Request Free Sample PDF

Asia Pacific Food Contact Paper Strategic Insights

Strategic insights for the Asia Pacific Food Contact Paper provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Get more information on this report Request Free Sample PDF

Asia Pacific Food Contact Paper Report Scope

Report Attribute	Details
Market size in 2021	US$ 29.2 Billion
Market Size by 2028	US$ 43.0 Billion
Global CAGR (2021 - 2028)	5.7%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Kraft Paper Greaseproof Paper Parchment Paper By Application Bakery and Confectionery Dairy Products Fruits and Vegetables Meat Fish and Poultry
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	MONDI WESTROCK COMPANY UPM AHLSTROM-MUNKSJ? KRPA HOLDING CZ, A.S. Superiorpaper Pty Ltd. TOPCARE

Get more information on this report Request Free Sample PDF

Asia Pacific Food Contact Paper Regional Insights

The geographic scope of the Asia Pacific Food Contact Paper refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Get more information on this report Request Free Sample PDF

The Asia Pacific food contact paper market is expected to reach US$ 43.0 billion by 2028 from US$ 29.2 billion in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021–2028. 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 (RTE) 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 Asia Pacific, 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.

Key Market Segments

In terms of type, the kraft paper segment accounted for the largest share of the Asia Pacific food contact paper market in 2020. In terms of application, the bakery and confectionery segment accounted for the largest share of the Asia Pacific food contact paper market in 2020

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the food contact paper market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Mondi, Westrock Company, Superiorpaper Pty Ltd., TOPCARE, Upm, Ahlstrom-Munksjö, and Krpa Holding Cz, A.S.

Reasons to Buy Report

• To understand the Asia Pacific food contact paper market landscape and identify market segments that are likely to guarantee a strong return
• To comprehend the ever-changing market landscape and stay ahead in competition
• To efficiently plan merger and acquisition, and partnership deals in the Asia Pacific food contact paper market by identifying segments with the most promising probable sales
• To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• To obtain market revenue forecast of the Asia Pacific food contact paper market based on various segments for the period 2021–2028

ASIA PACIFIC 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
• Others

By Country

• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

Companies Mentioned

• Mondi
• Westrock Company
• Upm
• Ahlstrom-Munksjö
• Krpa Holding Cz, A.S.
• Superiorpaper Pty Ltd.
• TOPCARE