The COVID-19 outbreak has also affected the supply chain of raw materials required for the food and beverage industry to a greater extent, which has eventually hampered the overall manufacturing processes and research and development activities, thereby impacting the food contact paper market growth. The restaurants in Europe have been reopening amid the challenging conditions such as safety concerns, reduction in seating capacity, and infection waves. The food and beverage industry was largely affected in Italy amid the pandemic as the death toll remained high in the country in 2020. Germany had relatively stronger recovery as the country started taking reservation for diners in 2020. The region is expected to witness a strong overall recovery as the governments bodies in the region have initiated action plans for adoption of digitalization technologies. The region consists of many developed countries that are equipped with resources required to overcome the challenges faced amid the pandemic outbreak and is hence expected to witness growth for food contact paper market over forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the food contact paper market. The Europe food contact paper market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 14.4 Billion |
| Market Size by 2028 | US$ 20.0 Billion |
| CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Food Contact Paper Market is valued at US$ 14.4 Billion in 2021, it is projected to reach US$ 20.0 Billion by 2028.
As per our report Europe Food Contact Paper Market, the market size is valued at US$ 14.4 Billion in 2021, projecting it to reach US$ 20.0 Billion by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The Europe Food Contact Paper Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Food Contact Paper Market report:
The Europe Food Contact Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Food Contact Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Food Contact Paper Market value chain can benefit from the information contained in a comprehensive market report.
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