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The food wrapping paper market size is valued to increase by USD 1.32 billion, at a CAGR of 5.23% from 2023 to 2028. Growing demand for sustainable food packaging will drive the food wrapping paper market.
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The market encompasses a diverse range of products engineered to safeguard and enhance food items. Key performance indicators include UV resistance for maintaining product quality and shelf life extension through impeding light penetration. Moisture vapor transmission rates are crucial for preventing spoilage and ensuring consumer safety. Labeling requirements dictate the use of printing inks that adhere to food safety standards, while seal integrity is vital for maintaining product protection. Barrier properties such as oxygen permeability and microbial barriers play a significant role in preserving food freshness and prolonging shelf life. Supply chain optimization and converting processes are essential for efficient production and timely delivery. Sustainability metrics, including recycling infrastructure, compostable films, and biodegradable materials, are increasingly important to meet evolving consumer preferences. Printing techniques, water resistance, and laminating techniques contribute to superior product presentation and protection. Aroma protection is a key consideration for sensitive food items, while thermal resistance and grease resistance are essential for various food applications. Roll stock handling and tear resistance ensure ease of use and convenience for food manufacturers and retailers. Waste reduction strategies, such as recycled paper content and recycling infrastructure, are increasingly important for companies seeking to minimize their environmental footprint.
The increasing demand for eco-friendly food packaging solutions is the primary market driver, reflecting growing consumer consciousness towards reducing waste and minimizing the environmental impact of packaging.
The use of innovative materials is becoming mandatory in the manufacturing process for food wrapping paper. This trend is shaping the market.
The food wrapping paper industry faces significant challenges due to rising costs of raw materials, which poses a substantial obstacle to industry growth.
The food wrapping paper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period.
In the dynamic the market, the demand for advanced packaging solutions continues to evolve. UV resistance and moisture vapor transmission are crucial factors in ensuring shelf life extension. Labeling requirements and printing inks play a significant role in meeting consumer preferences. Oxygen permeability, recycling infrastructure, and microbial barrier are essential considerations for maintaining food safety standards. Supply chain optimization, aroma protection, and product protection are key areas of focus for manufacturers. Packaging machinery and design are critical components of the production process, with an emphasis on seal integrity, material strength, and barrier properties. Converting processes and paper coatings are also essential for creating high-quality, functional wrapping paper.
Sustainability metrics, such as compostable films and biodegradable materials, are increasingly important to consumers. In the 2024-2028 period, offline sales channels will continue to account for a significant portion of market share, with traditional retailers and wholesale distributors playing vital roles. Approximately 70% of food wrapping paper sales are estimated to occur through these channels. Manufacturers, distributors, and customers will continue to engage in face-to-face interactions at trade shows and exhibits to build relationships and showcase new products.
The Offline segment was valued at USD 2.61 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American the market is experiencing steady expansion, driven by the dynamic foodservice industry and increasing consumer preference for convenient food options. The US dominates this market due to the presence of numerous restaurants and fast-food chains. According to industry reports, the foodservice industry in the US is projected to grow at a steady pace, with an estimated 4-5% annual increase in the number of restaurants from 2021 to 2026. In this context, the market is poised to benefit significantly from the rising demand for disposable packaging solutions. Furthermore, the market in Mexico and Canada is also growing, fueled by their expanding foodservice sectors, which include various types of restaurants and hotels.
For instance, Dominos Pizza Inc. Reported a net store growth of 468 stores in the fourth quarter of their fiscal year 2021, with 89 new stores in the US and 379 net international store openings. The market's growth is also influenced by the need for operational efficiency and cost reduction, as food wrapping paper offers a more cost-effective alternative to traditional packaging methods while ensuring food safety and compliance with regulations.
Customer Landscape of Food Wrapping Paper Industry
Companies are implementing various strategies, such as strategic alliances, food wrapping paper market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amcor Plc - This company specializes in providing food wrapping solutions through innovative products such as Food Wrapping paper, Eco wraps, and Grease proof paper. Their offerings prioritize sustainability and functionality, setting industry standards.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Food Wrapping Paper Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.23% |
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Market growth 2024-2028 |
USD 1.32 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.75 |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market encompasses a range of packaging solutions designed to protect and preserve various food items. Paperboard packaging materials, with their desirable properties such as strength and durability, form the basis of many food wrapping applications. However, to effectively safeguard food from external elements, these materials often undergo enhancements like greaseproof paper coatings and high-barrier food packaging films. Sustainability is a significant trend in the market, with increasing demand for sustainable compostable food wraps and those containing recycled content. These eco-friendly alternatives not only cater to consumer perception but also contribute to reducing food waste and optimizing supply chain operations. Water-resistant paper and films with oxygen barrier properties are essential for maintaining food freshness and extending shelf life. Food safety regulations mandate stringent requirements for paper packaging materials, ensuring microbial barrier properties and safe production methods. Printing techniques play a crucial role in food packaging design, allowing for vibrant branding and essential labeling information. Cost-effective sustainable packaging solutions are increasingly popular, with improved seal integrity reducing the need for excessive materials and minimizing wastage. Testing methods are essential to ensure the quality and performance of food packaging materials. Biodegradable alternatives to plastic films, such as paper-based packaging, are gaining traction as more businesses seek to improve their sustainability profiles. Paper-based packaging machinery operations must be efficient and adaptable to accommodate various paper types and printing methods. Labeling requirements for food packaging are rigorous, necessitating precise machinery and adhesive applications. In comparison to traditional plastic films, paper-based food wrapping solutions offer a more sustainable and eco-friendly alternative, reducing reliance on non-renewable resources and contributing to a more circular economy. This shift not only addresses consumer demands for sustainable packaging but also streamlines operational planning and compliance within the food industry.
What is the expected growth of the Food Wrapping Paper Market between 2024 and 2028?
USD 1.32 billion, at a CAGR of 5.23%
What segmentation does the market report cover?
The report is segmented by Distribution Channel (Offline and Online), Product Type (Wrapping Paper, Food Bags, Food Wraps, and Others), Geography (North America, Europe, APAC, Middle East and Africa, and South America), Material Type (Paper, Plastic, Aluminum Foil, and Biodegradable Materials), Application (Food Service, Retail, Household, and Commercial Packaging), and End-User (Restaurants & Cafes, Supermarkets, Food Manufacturers, and Households)
Which regions are analyzed in the report?
North America, Europe, APAC, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Growing demand for sustainable food packaging, Increase in prices of raw materials for food wrapping paper
Who are the major players in the Food Wrapping Paper Market?
Amcor Plc, Anchor Packaging, Ardagh Group, Berry Global Inc., BillerudKorsnäs AB, Dart Container Corporation, Duni Group, Georgia-Pacific LLC, Huhtamaki Oyj, International Paper Company, Intertek Group Plc, Mondi Plc, Novolex, Reynolds Consumer Products, Sealed Air Corporation, Smurfit Kappa Group, Tetra Pak International S.A., Toyo Seikan Group Holdings, Uflex Ltd., and WestRock Company
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Market Segmentation by Product Type
9 Market Segmentation by Material Type
10 Market Segmentation by Application
11 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
16 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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