Food Wrapping Paper Market Size, Share, Growth Analysis, By Product type(Plastic and Paper), By End use(Hotels, Restaurants) - Industry Forecast 2024-2031

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.