Food Contact Paper Market Size

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.