세계 식품 포장지 시장 규모는 2022년 3,433억 3,000만 달러로 평가되며, 2023년 3,629억 달러에서 2031년 5,623억 달러로 예측 기간(2024-2031년) 동안 5.7%의 CAGR로 성장할 것으로 예상됩니다.
식품 포장지 시장은 패스트푸드, 테이크아웃 식품 등 외식 서비스에서 편의성에 대한 요구가 높아지면서 성장 동력이 되고 있습니다. 크래프트지, 내유성, 생분해성 옵션과 같은 재료를 사용하는 이러한 포장 솔루션은 8미크론에서 20미크론 이상의 두께로 제공되며, 위생과 취급이 용이하도록 다양한 두께로 제공됩니다. 외식업체들의 디지털화와 미국 도시 인구의 증가는 포장 식품 및 일회용품 소비를 촉진하고 있습니다. 또한, 포장을 통한 브랜드 이미지의 중요성이 시장 가치를 높이고 있습니다. 그러나 원자재 가격 변동과 폐기물 관리에 대한 우려는 성장을 저해하는 요인으로 작용할 수 있습니다. 재활용 인프라의 확대와 건강한 선택에 대한 소비자의 선호는 시장을 지지하는 요인으로 작용하고 있습니다.
Global Food Wrapping Paper Market size was valued at USD 343.33 billion in 2022 and is poised to grow from USD 362.9 billion in 2023 to USD 562.3 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
The food packaging wrapping paper market is experiencing growth driven by the increasing demand for convenience in food service, including fast food and on-the-go options. Utilizing materials like kraft paper, greaseproof, and biodegradable options, these wrapping solutions cater to hygiene and easy handling, with variations in thickness from 8 to over 20 microns. The rise of digitalization among foodservice suppliers, coupled with urban population growth in the U.S., is propelling the consumption of packaged foods and single-serve products. Additionally, the emphasis on brand image through packaging is enhancing market value. However, challenges like raw material price volatility and waste management concerns may impede growth. Expanding recycling infrastructure and consumer preferences for healthy options are supportive factors for the market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Food Wrapping Paper market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Food Wrapping Paper Market Segmental Analysis
Global Food Wrapping Paper Market is segmented by Product Type, End-Use and Region. Based on Product Type, the market is segmented into Plastic Foil, Aluminum Foil, Paper. Based on End-Use, the market is segmented into Hotels, Restaurants, Cafes, Fast Food Outlets, Cinema, Airlines & Railway Catering, Institutions, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Food Wrapping Paper Market
The global food wrapping paper market is primarily driven by the increasing need for sustainable food packaging solutions. As concerns about environmental pollution from traditional materials like polystyrene and polypropylene grow, the demand for eco-friendly alternatives is rising. Vendors are responding by developing compostable wrapping papers and other environmentally responsible products. Paper wrapping has gained traction as a viable, cost-effective substitute for metal and plastic options, especially in light of stricter regulations and bans on single-use plastics. Consequently, the shift towards sustainable practices and the quest for greener food wrapping solutions significantly propel the market forward.
Restraints in the Global Food Wrapping Paper Market
The global food wrapping paper market faces significant challenges primarily due to the volatility in raw material prices. The cost of essential materials, such as kraft paper produced from unbleached pulp, has seen a notable increase; the producer price index (PPI) for pulp, paper, and related products rose from 195.4 in May 2019 to 220.57 in May 2020. Consequently, several manufacturers have had to implement price hikes. For instance, Sappi Europe announced a price increase of 7%-11% for their packaging and specialty papers effective April 2021, while Lecta Ltd. raised their prices by 8%-10% per ton for various paper grades in July 2021. These escalating costs pose a significant restraint on market growth prospects during the forecast period.
Market Trends of the Global Food Wrapping Paper Market
The Global Food Wrapping Paper market is witnessing a significant trend towards the adoption of innovative, sustainable, and reusable materials, an evolution driven by growing consumer awareness regarding environmental issues. The shift away from single-use plastics is fostering demand for eco-friendly alternatives like beeswax wraps, which offer durability and versatility for wrapping a variety of food items, from sandwiches to fruits. This transition is complemented by an increasing focus on sustainable packaging solutions, as both manufacturers and consumers prioritize eco-conscious choices. As a result, the market is set to expand, reflecting a broader commitment to reduce environmental impact while providing functional food packaging solutions.