Monday, 24 December 2018

Food Contact Paper Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Researchmoz added Most up-to-date research on "Food Contact Paper Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028" to its huge collection of research reports. An insight on the important factors and trends influencing the market.

Global Food Contact Paper Market: Introduction

Food or edibles, during processing, production, preparation, storing, serving and eventual consumption comes in contact with many articles and materials. These materials, which come in contact with food or other edibles are known as Food Contact Materials (FCMs). These materials are either in contact or intended to be brought in contact with the food without transferring their constituents into the food. Owing to their inertness, these materials do not influence the quality of food or adversely affect consumer’s health. A lot of regulations are laid for free movement and safety of FCMs, for example, in EU there are laws which businesses must comply with. Similarly, other agencies like the Food and Environmental Hygiene Department in Hong Kong, Food Safety and Standards Authority of India in India and Food Standards Agency in U.K. are responsible for food safety in their respective countries. In the U.S., at the federal level, Food and Drug Administration publishes the food code while other agencies at state level have their own responsibilities.

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Among many examples, a few are that of kitchenware or table ware, and eventual paper packaging materials used to package food items. In the recent years, there have been a lot of developments and improvements made related to food contact paper. Along with that, a lot of research and development is being done by the major players of the food contact paper market which is expected to help entice the adoption and sale of food contact paper and offer a positive outlook for the market in the years to come.

Global Food Contact Paper Market: Segmentation

The global food contact paper market has been segmented as –

On the basis of paper type, the global food contact paper market has been segmented as –

- Poly Coated Paper
- Non-Poly Coated Paper

On the basis of paper type, the global food contact paper market has been segmented as –

- Lighter Weight (50 lbs to 70 lbs)
- Heavier Weight (71 lbs to 150 lbs)

On the basis of application, the global food contact paper market has been segmented as –

- Bakery, confectionery, pasta, and noodles
- Convenience foods
- Daily meals
- Dairy products
- Fruits and vegetables
- Meat, fish, and poultry
- Sauces, dressings, and condiments
- Snacks and side dishes

Food contact paper is offered for a variety of applications by their suppliers. Although, food contact paper is used in almost every form of packaging containing edibles, their usage in dairy products is particularly more than other application segments.

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Global Food contact paper market: Key Market Players

The major players operating in the food contact paper market are Anchor Packaging, Ball Corporation, Bischof + Klein, Sharp Packaging, Huntsman, DuPont, SGS SA, Intertek Group plc among others. The global food contact paper market has progressed owing to the compliance with regulations by food & beverage companies. Furthermore, the increasing awareness of consumers regarding the importance of food contact paper is also helping the market to grow. The North America region is expected to retain the leading position during the forecast period. This is attributed to a large key industry players and early adoption in the region. The Western Europe region is also expected to follow North America region in terms of market size. The region is expected to be driven by the increased demand for fresh food and bakery products, with countries like U.K., and Germany contributing a bulk of the revenue. Other regions are expected to hold a fragment of the market share.

Future Prospects

In the future, the global food contact paper market is expected to be driven by the growth in food and beverage packaging. The increasing urbanization and population growth is also expected to contribute substantially to the market’s growth. Despite the optimistic outlook for growth, there are many factors which might restrain the growth of the global food contact paper market over the forecast period. Food contact paper might require specialized machinery and process which might incur additional costs to businesses for retraining of employees. Also, the penetration of food content packaging is quite low, which is expected to be a major factor hindering the market’s growth. In addition to that, the “green movement” is expected to slow down the market’s growth, as more and more bio-degradable packaging is encouraged. Moreover, with increasing technical innovation, new materials and technology are used to manufacture such packaging which is expected to spur the sales of food contact paper.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis

The regional analysis covers:

- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market

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