A latest report has been added to the wide database of Food Contact Paper and Board Market by Infinium Global Research. This report studies the Food Contact Paper and Board Market by material (corrugated board, folding carton, food, cupstock board, kraft paper, wrapping paper) and by application (bakery products, chilled foods, dry groceries, frozen foods, liquid foods and beverages, ready meals) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Food Contact Paper and Board Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Food Contact Paper and Board Market. According to report the global food contact paper and board market is projected to grow at a CAGR of 8.7% over the forecast period of 2018-2024.
Food Contact Paper and Board are mainly used in food industry for the packaging, processing, treating, and processing. There are few uses of paper and board which have direct contacts with foods such as dip tea bags, butter wrapping, takeout food, beverages, bakery items, and transportation packaging. Papers and board are manufactured from wood pulp and waste paper. The fibers that form the material can be seen through microscope when paper is examined through it. Packaging done with paper and board protects food from external elements such as air, dust, grease, and moisture and also reduces the cost for food vendors.
Development in new technology for the use of recycled paper in food contact paper and board packaging industries is expected as new opportunities for the global food contact paper and board market. For instance, Mondi Company has launched its packaging solution at RosUpack in Moscow in 2016. This packaging solution includes CornerPack, StripePack, ArtPack and PaperPack which focuses on easy opening and reclosing solutions. Corrugated packaging solutions focuses on transport and retail packaging. Corrugated Packaging keeps fruits and vegetables fresh from farm to store.
Private consumers such as McDonald’s, and Dominos, distributors, and private packaging firms, are focusing more on delivering an undamaged food products. Thus, these are the major drivers of the food contact paper and board market. Food contact paper and board is easy to handle, it is flexible, easy to dispose, hygienic moreover it can be replaced with plates and other serving utensils, it also reduces the cost for food vendors. Thus, the above trends in food contact paper and board market is anticipated to create demand. China as of 2017 was the largest food contact paper and board market in Asia Pacific followed by India and the market in these countries is expected to grow rapidly in the near future.
The report on global food contact paper and board market covers segments such as, material and application. On the basis of material the global food contact paper and board market is categorized into corrugated board, folding carton, food and cupstock board, kraft paper, wrapping paper and paper bags and wrapping. On the basis of application the global food contact paper and board market is categorized into bakery products, chilled foods, dry groceries, frozen foods, liquid foods and beverages, ready meals and non-liquid dairy products.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016-2018. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global food contact paper and board market such as, Cryopak, Huhtamaki, Georgia-Pacific, International Paper, Mondi, Nordic Paper Holding, Nippon Paper Group Inc., Smurfit Kappa Group and Sonoco Products.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global food contact paper and board market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of food contact paper and board market.
Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the food contact paper and board market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the food contact paper and board market to understand the present and future trends in this market and formulate their strategies accordingly.
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