The North American region is a significant contributor to the food contact paper market. Owing to the rise in COVID-19 cases, many restaurants were closed for dine-in. However, the governments in North America have lifted the restrictions on dine-in with limited capacities following the safety norms to prevent the spread of the virus. US is one of the biggest consumers of food contact paper in North America. The demand for food contact paper has been negatively affected due to permanent closure of 10.2% restaurants in the US. The region also has a largely prevalent culture of food trucks that were severely impacted amid the COVID period as 22.5% of the mobile restaurants were closed down in the US. The fast food chains however withered the negative impact to some extent as the digitalization in food ordering and delivery helped maintain the sales. Overall, the QSR witnessed closure of 9.8% restaurants in the U.S. alone. Therefore, the major end-user segment of food contact paper witnessed severe impact amid the pandemic outbreak. However, the market has since been in recovery phase and is expected to grow 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 North America food contact paper market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 15.7 Billion |
| Market Size by 2028 | US$ 18.8 Billion |
| CAGR (2021 - 2028) | 2.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Food Contact Paper Market is valued at US$ 15.7 Billion in 2021, it is projected to reach US$ 18.8 Billion by 2028.
As per our report North America Food Contact Paper Market, the market size is valued at US$ 15.7 Billion in 2021, projecting it to reach US$ 18.8 Billion by 2028. This translates to a CAGR of approximately 2.6% during the forecast period.
The North America 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 North America Food Contact Paper Market report:
The North America Food Contact Paper Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Food Contact Paper Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Food Contact Paper Market value chain can benefit from the information contained in a comprehensive market report.
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