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What is the Expected Growth Rate of the Food Contact Papers Market from 2024 to 2033?

The food contact papers market expanded from $76.12 billion in 2023 to $80.78 billion in 2024, with a CAGR of 6.1%, driven by food safety regulations, sustainable packaging demand, food industry globalization, convenience foods, and biodegradable materials.

The food contact papers market is set to reach $99.4 billion by 2028, growing at a CAGR of 5.3%. Growth is attributed to plant-based packaging adoption, recyclability focus, specialty paper demand, e-commerce packaging solutions, and consumer preferences for safe packaging. Key trends include innovations in coating materials, advancements in paper coating, demand for sustainable packaging, and innovations in barrier coatings.

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What Key Factors Are Fueling the Growth of the Food Contact Papers Market?

The demand for sweets and chocolates is expected to drive the growth of the food contact papers market. These food items are typically made by combining cocoa beans with sugar and fat to form solid treats. Food contact papers, which are widely used to package products like chocolates, confections, meat, and snacks, help protect food from contamination. In March 2022, the National Confectioners Association reported that sales of chocolates and sweets in the US grew by 11% between 2020 and 2021, with overall retail sales in the confectionery sector reaching $36.9 billion in 2021 and expected to reach $44.9 billion by 2026.

What Are the Major Segments of the Food Contact Papers Market?

1) By Material Type: Kraft Paper, Specialty Paper, Recycled Paper, Other Materials

2) By Thickness: Up to 30 GSM, 30-50 GSM, Above 50 GSM

3) By Application: Bakery And Confectionary Products, Dairy Products, Fresh Food, Fast Food, Baby Food, Other Applications

4) By End User: Hotels And Restaurants, Bakeries And Cafes, Fast Food Outlets, Movies And Cinemas, Airline And Railway Catering, Other End Users

What New Trends Are Transforming the Food Contact Papers Market?

Companies in the food contact papers market are introducing sustainable packaging solutions like kerbside recyclable paper wraps. These wraps are designed to be recycled and are often made from 100% recycled newsprint. Wipak Walothen Gmbh launched a kerbside recyclable paper wrap for butter in March 2022, made from FSC-certified renewable paper. This product has a 68% lower carbon footprint than industry-standard wraps and is fully recyclable within the curbside paper waste stream, highlighting the company’s commitment to sustainability.

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Which Regions Are Driving Growth in the Food Contact Papers Market?

Asia-Pacific was the largest region in the food contact paper market in 2023. The regions covered in the food contact papers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Food Contact Papers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the food contact papers market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Food Contact Papers Market Include

1. Food Contact Papers Market Executive Summary

2. Food Contact Papers Market Segments

3. Food Contact Papers Market Size And Template Market Growth Rate

4. Key Food Contact Papers Market Trends

5. Major Food Contact Papers Market Drivers

……

25. Key Mergers And Acquisitions In The Food Contact Papers Market

26. Top Food Contact Papers Companies

27. Food Contact Papers Market Opportunities And Strategies

28. Food Contact Papers Market, Conclusions And Recommendations

29. Appendix

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