USD 343.33 billion
Global Food Wrapping Paper Market Size, Share, Growth Analysis, By Product type(Plastic and Paper), By End use(Hotels, Restaurants) - Industry Forecast 2024-2031
Report ID:
SQMIG15H2013 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
65 |
Figures:
75
Global Food Wrapping Paper Market Insights
Food Wrapping Paper Market size was valued at USD 343.33 billion in 2019 and is poised to grow from USD 362.9 billion in 2023 to USD 562.3 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
Food packaging wrapping paper is typically made of materials such as paper. Wrapping papers use raw materials such as kraft paper, greaseproof papers, wax-coated papers, and foil papers for less spilling, easy handling, and hygiene purposes, as well as polyethylene, polypropylene, EVOH, poly vinyl chloride, and other biodegradable materials. These papers are available in a variety of thicknesses ranging from 8 microns to more than 20 microns. Wrapping paper for fast food restaurants is used to wrap chicken, pizza, sandwiches, burgers, and other snacks. As they digitalise their operations, an increasing number of foodservice suppliers are expected to drive the market. Convenient payment methods, combined with the ease of selecting food items based on taste and health preferences, are driving the growth of food service providers, which in turn drives the food packaging market.
The market in the United States is expected to be fueled by an increasing urban population, which will increase consumption of packaged food and the popularity of single-serve packs. The market is also being supported by an expanding infrastructure for recycling plastics, metals, and glass; however, concerns about waste due to improper packaging may inhibit growth.
The global demand for on-the-go and fast food is driving up the demand for food wrapping paper. Furthermore, the market is expected to be driven by the easier storage facility and the serviceable properties of the wrapping paper to keep the food warm and fresh for a longer period of time. Food wrapping paper also serves as an excellent platform for developing brand image and attracting customers, resulting in increased market brand equity. However, the growth of the food wrapping paper market is expected to be limited due to the volatility of raw material prices such as polypropylene, aluminium, and others.
US Food Wrapping Paper Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Plastic
Growth Rate
5.7% CAGR
Global Food Wrapping Paper Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Food Wrapping Paper Market By Type ($ Bn)
Global Food Wrapping Paper Market By Type (%)
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Global Food Wrapping Paper Market Segmental Analysis
Global Food Wrapping Paper Market is segmented based on the Product type, end use and region. Based on product type, the market is segmented into Plastic and Paper. Based on end use, the market is segmented into Hotels, Restaurants, Cafes, Fast Food Outlets, Cinema, Airlines & Railway Catering, Institutions and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Food Wrapping Paper Market Analysis by Product Type
Based on Product type, The paper-based food wrapping material market is dominated. For example, Greaseproof sheets drew a lot of attention in the past, and demand has skyrocketed since then. Major fast-food chains have already begun to sell their products in paper-based packaging.
Food Wrapping Paper Market Analysis by End Use
Based on end use, hotels are the single largest segment in the food wrapping paper market. And it is expected that it will grow more in the forecast period. Restaurants and Airlines & Railway Catering are also contributing to market growth.
Global Food Wrapping Paper Market By Type, 2023 (%)
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Global Food Wrapping Paper Market Regional Insights
Due to the growing popularity of fast food restaurant chains such as McDonald's, Domino's, KFC, BurgerKing, Pizza Hut, and others, Asia Pacific is expected to dominate the Food Wrapping Paper market. Furthermore, rising disposable income of middle-class households, as well as rising demand for convenience food, are expected to drive the regional market.
North America is expected to grow significantly due to the high demand for pizzas, burgers, sandwiches, hotdogs, and other fast foods. Because of increased demand for convenience foods, European countries are expected to grow favourably. Due to the increasing popularity of fast food, Latin America, the Middle East, and Africa are expected to show significant growth by the end of the forecast period.
Global Food Wrapping Paper Market By Region, 2024-2031
- Largest
- Fastest
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Global Food Wrapping Paper Market Dynamics
Food Wrapping Paper Market Drivers
Sustainable Food Wrapping Options will Shape the Market’s Future
- The growing demand for sustainable food wrapping is one of the key factors driving the global food wrapping paper market growth. Food service disposables, such as polystyrene and polypropylene food wrappers, are difficult to decompose and pollute the environment. Food wrapping solutions, such as compostable wrapping paper and eco-friendly products, are being developed by vendors. Paper wrapping has emerged as an environmentally friendly and cost-effective alternative to other materials such as metals and plastics. The increased restrictions on the use of plastic products, as well as the ban on single-use plastics, will increase demand for sustainable food packaging solutions such as food wrapping paper. A significant factor driving food wrapping demand is the growing demand for sustainable food packaging.
Food Wrapping Paper Market Restraints
Fluctuating Prices of Raw Materials to Hinder Market Growth
- The rise in raw material prices is one of the major impediments to the global food wrapping paper market's expansion. Kraft papers, for example, are made from unbleached pulp. The producer price index (PPI) for pulp, paper, and allied products increased to 220.57 in May 2020 from 195.4 in May 2019. Some food wrapping paper manufacturers have raised their prices. For example, in March 2021, Sappi Europe, a European paper manufacturer, announced an increase in the prices of all packaging and specialty papers, effective April 1, 2021. All uncoated grades, including glassine, and all coated grades will see a 7%-11% price increase. Lecta Ltd. implemented an 8%-10% per tonne price increase on all packaging, technical, and label grades of paper in July 2021. These factors may stymie market growth during the forecast period.
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Global Food Wrapping Paper Market Competitive Landscape
Global food wrapping paper market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Food Wrapping Paper Market Top Player's Company Profiles
- Amcor plc
- Berry Global Inc.
- Mondi Group
- Huhtamaki Oyj
- Sealed Air Corporation
- Reynolds Group Holdings Ltd.
- Graphic Packaging International, LLC
- Smurfit Kappa Group plc
- WestRock Company
- International Paper Company
- DS Smith Plc
- Uflex Limited
- SCG Packaging Public Company Limited
- BillerudKorsnäs AB
- Sappi Limited
- Nippon Paper Industries Co. Ltd.
- Ahlstrom-Munksjö Oyj
- Mitsubishi Paper Mills Limited
- Michelman Inc.
- Glatfelter Corporation
Food Wrapping Paper Market Recent Developments
- In September 2022, In November 2021, Berry Global Inc. optimized their recycling sortation with the use of robotic sorting and invisible watermarks. This was powered by Alliance to End Plastic Waste and was aimed to revolutionize the recycling of plastic packaging.
Global Food Wrapping Paper Key Market Trends
- One of the key food wrapping paper market trends that is expected to positively impact the industry during the forecast period is the adoption of innovative and reusable materials for manufacturing food wrapping paper. Reusable packaging, such as reusable food wrapping paper, is becoming more popular. This rising demand can be attributed to factors such as the increased demand for sustainable packaging and a decrease in the use of plastic packaging. Reusable packaging is typically made of long-lasting materials. Beeswax wraps are a popular waterproof reusable food wrapping paper that can be reused after washing. It's popular for wrapping burgers, sandwiches, cheese, bread, fruits, and vegetables. One of the critical food wrapping paper market trends that will have a positive impact on market growth is the growing popularity of reusable food wrapping paper.
Global Food Wrapping Paper Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our food wrapping paper market analysis, in terms of product type, the paper-based food wrapping material and in terms of end use, the hotel segment held a larger market share owing to high consumer preference. The global demand for on-the-go and fast food is driving up the demand for food wrapping paper. Furthermore, the market is expected to be driven by the easier storage facility and the serviceable properties of the wrapping paper to keep the food warm and fresh for a longer period of time. However, the growth of the food wrapping paper market is expected to be limited due to the volatility of raw material prices such as polypropylene, aluminium, and others.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 343.33 billion |
| Market size value in 2031 | USD 562.3 billion |
| Growth Rate | 5.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Food Wrapping Paper Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Food Wrapping Paper Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Food Wrapping Paper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Food Wrapping Paper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Food Wrapping Paper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Food Wrapping Paper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Food Wrapping Paper Market Report Snapshots
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