Research and Markets: Bakery Industry Expansion Sees Increased Demand for Glassine Paper
The global food contact paper market is set for steady growth until 2028, with a projected compound annual growth rate (CAGR) of 4.18%. As the world population continues to rise, surpassing 8 billion, and the online food delivery systems and bakery industries expand, the demand for food contact paper is expected to accelerate notably, says the Research and Markets report.
Increasing Efficacy of Food Contact Paper Driving Market Expansion
Food contact paper has become integral in various applications including packaging for bakery goods, dairy products, meats, fruits, and vegetables, and for takeaway food. The material offers enhanced protection against external elements and contamination, effectively extending the shelf-life of products. This, coupled with growing consumer awareness regarding hygiene, is providing a significant boost to the market.
Growth Drivers
Global Population Growth: As consumption needs intensify with the expanding population, the utilization of food contact paper is anticipated to surge, further propelled by the increased spending power in developing nations.
Online Food Delivery Trends: The online food delivery sector, which widely relies on food contact paper for the safe packaging of goods, has observed a sharp rise in use, particularly following the pandemic, with services such as Zomato and Toast Delivery revealing a strong uptick in customer engagement.
Bakery Industry Expansion: The sector continues to showcase strong growth, with glassine paper, a type of food contact paper, becoming the preferred choice for lining baked goods, significantly contributing to market growth.
Sustainable Packaging in Focus Amid Tightening Regulations
Steps taken by governing bodies around the world, including the European Directorate for the Quality of Medicines & Healthcare (EDQM) and Indian government regulations, to enforce sustainable packaging, are anticipated to positively influence market dynamics, promoting the use of eco-friendly packaging solutions like food contact paper.
Regional Insights and Key Market Innovations
North America is projected to be a dominant player in the food contact paper market during the forecast period, with increased demand attributed to the rising urban population and the adoption of packaged food. Innovations such as SKPMIL’s high gloss, low GSM food packaging paper, and Zanders’ Zanbarrier NGR.