Food Contact Paper Market size was valued at USD 78.64 billion in 2023 and is likely to exceed USD 144.66 billion by the end of 2036, expanding at over 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of food contact paper is evaluated at USD 81.66 billion.
The growth of the market can be attributed to the growing demand for safe food packaging solutions and rising awareness regarding the harmful impact of plastic packaging on health. Use of polyethene and other single use plastics not only contaminate the food, but also have an adverse environmental impact. Stringent government regulations on use of plastics in many countries around the globe, is further estimated to boost the market growth. Moreover, paper is biodegradable and recyclable, which is estimated to boost the demand for paper for food packaging, which, in turn, will promote the market growth. As per the data by the U.S. Environment Protection Agency, in 2018, paper containers and packaging amounted to 41.9 million tons of Municipal Solis Waste, out of which, 80.9% waste was recycled.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
4.8% |
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Base Year Market Size (2023) |
USD 78.64 billion |
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Forecast Year Market Size (2036) |
USD 144.66 billion |
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Regional Scope |
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The market is segmented by type into poly coated, and non-poly coated, out of which, the poly coated segment is anticipated to hold the major share in the market during the forecast period owing to its longer durability, and strength. Poly coated contact paper is used in packaging of various food products ranging from dry to semi-wet foods. On the basis of application, the market is segmented into bakery products, frozen foods, confectionary, fast foods, and others, out of which the bakery products segment is anticipated to gain significant market share over the forecast period on the back of ease of packaging solid and dry bakery products, such as, bread, biscuits, and cakes, along with the increasing demand for such foods.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Product |
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By Application |
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Regionally, the global food contact paper market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific industry is poised to account for largest revenue share by 2036, led by growing food and beverages industry, coupled with ban on single-use plastics among various nations in the region. Moreover, the increasing demand for packaged food products backed by the growing population, is anticipated to encourage the market growth. The market in the North America region is also estimated to witness significant share in the market over the forecast period, owing to rising demand for ready-to-eat foods and fast food along with the growing awareness about environment conservation.
Author Credits: Abhishek Anil
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