Report : North America Food Contact Paper Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Kraft Paper, Greaseproof Paper, Parchment Paper, and Others), Application (Bakery and Confectionery, Dairy Products, Fruits and Vegetables, Meat Fish and Poultry, and Others)
Increasing Demand for Recyclable Packaging Drives Food Contact Paper Market Growth
According to our latest market study on “North America Food Contact Paper Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Kraft Paper, Greaseproof Paper, Parchment Paper, and Others) and Application (Bakery and Confectionery, Dairy Products, Fruits and Vegetables, Meat Fish and Poultry, and Others)” the market in North America was valued at US$ 15.29 billion in 2020 and is projected to reach US$ 18.78 billion by 2028; it is expected to grow at a CAGR of 2.6% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Food contact papers are used as primary packaging materials for various food products, such as baked food, confectionery, meat, snacks, and grain mill products. The papers are sustainable alternatives to many other food packaging materials, such as plastic and glass. Growing initiatives by companies to reduce their carbon footprint are influencing the adoption of food contact paper in North America.
An increased number of manufacturers is opting for recyclable or biodegradable packaging. For instance, big corporations such as The Coca-Cola Company, PepsiCo, Kraft-Heinz, Unilever, and McDonald’s have set targets in action plans for improved sustainable packaging by 2025. Since paper packaging is biodegradable, it is preferred over recyclable packaging. Recycling of food packaging waste presents challenges majorly related to safety issues. The use of recycled food packaging increases the chances of contamination and the levels and numbers of chemicals that can migrate to food from packaging, thereby potentially affecting the environment and human health. The possible contamination of recycled food packaging has led to an increased preference for biodegradable packaging alternatives such as paper packaging.
A few of the major key players operating in the North America food contact paper market are BPM Inc, Mondi, Twin River Paper Company, Westrock Company, Co-Pack Inc, Inno.Pak, Kari-Out Co, Cheever Specialty Paper and Film, Parchment and Paper Products Co, and Georgia-Pacific LLC.
Impact of COVID-19 Pandemic on Food Contact Paper Market
The COVID-19 pandemic has significantly disrupted the food & beverage sector in terms of sales owing to many factors such as extended lockdowns across different regions, restrictions imposed on international trades, shutdown of manufacturing units, limitations on travel, disintegration in supply chain, and shortage in the raw materials supply. The pandemic has negatively impacted the North America food contact paper market owing to the shutdown of manufacturing units, rising prices of raw materials, shortage of labor, disruption in supply chains, and financial instability. Moreover, disruption in the food & beverage service industry due to restrictions caused by the COVID-19 outbreak pandemic has hindered the growth of the food contact paper market. Food contact paper is widely used as a substitute for plastic and aluminum foil packaging in the food & beverage industry. Moreover, it is used in residential and commercial cooking purposes. A major decline in the number of food service restaurants due to financial crisis during the first phase of the global pandemic has reduced the demand for food contact papers.
The report includes the segmentation of the North America food contact paper market as follows:
The North America food contact paper market, by type, is segmented into kraft paper, greaseproof paper, parchment paper, and others. Based on application, the market is segmented into bakery and confectionery, dairy products, fruits and vegetables, meat, fish, and poultry, and others. By country, the North America food contact paper market is broadly segmented into US, Canada, and Mexico.
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