There are few applications where close contact is involved, such as dip tea bags and filter papers, while direct contact packaging finds application in cartons for beverages, bakery goods & butter wrapping, fruits, and takeout food. In addition, it has wide applications in transport and distribution packaging.
Albany, NY -- (SBWIRE) -- 05/11/2017 -- Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled "Food Contact Paper & Board Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2023". Food contact paper and board are being use in the food industry in a wide range of applications such as manufacturing, processing, preparing, treating and packaging.
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The paper and board sector has been continuously innovating new, safe and functionally effective food handling and packaging materials, to protect human health and the interests of consumers. Production of paper and board from natural fiber (cellulose) and minerals, and other materials (that are favorable for food contact) prescribed in accordance with the standards set by the government-authorized body, is achieved with the help of additives and chemical processing. This type of packaging protects the food from external elements such as air, dust, grease, and moisture. Food contact paper and board is flexible, easy to handle, hygienic, and easily disposable. By acting as a replacement for plates and other serving utensils, it also results in cost reduction for food vendors.
Evolving life style and increasing healthcare awareness among consumers has led to the rise in global demand for safe and hygienic food, in turn driving growth of the market for food contact paper and boards. Owing to its value added applications, right from protection of food products to their safe distribution and transportation, the market for food contact paper and board is expected to witness new investments and growth opportunities, especially in the developing countries. The main drivers for the growth of the market are private consumers, distributors, and private packaging firms, which are focusing more on delivering an intact product.
However, sustainability of the market for insulated packaging majorly depends on the price and supply of raw materials. Besides, presence of big and small packaging firms has created a highly competitive environment in the market for food contact paper and board.
The global food contact paper and board market is segmented on the basis of type and geography. By type, the global food contact paper and board market is segmented into poly-coated or non poly-coated and bleached or unbleached paper and boards.
By geography, the global food contact paper and board market is segmented into seven key regions, including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, the Middle East & Africa, and Japan. The global food contact paper and board market is anticipated to expand at a double digit CAGR over the forecast period. Asia Pacific market is expected to be the most attractive market for insulated packaging due to rise in end use applications of the packaging type in the region. As of 2016, China is 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. North America, followed by Western Europe, are the other prominent regions projected to hold a promising future growth potential in the food contact paper and board market by the end of 2023.
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Some of the key players in the global food contact paper and board market are Mondi, International Paper, Smurfit Kappa Group, Nordic Paper Holding, Huhtamaki, Nippon Paper Group Inc., Sonoco Products, Cryopak, and Georgia-Pacific.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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