Global Food Contact Paper Market 2019-2023
|発行||TechNavio (Infiniti Research Ltd.)||商品コード||308861|
|出版日||ページ情報||英文 116 Pages
|食品接触紙の世界市場：2019年～2023年 Global Food Contact Paper Market 2019-2023|
|出版日: 2019年02月21日||ページ情報: 英文 116 Pages||
The global demand for food contact paper ensues from their eco-friendliness when compared with plastic and aluminum products. Thus, the environmental threats associated with these alternatives drives the use of sustainable paper products in the food and beverage industry. Plastic and aluminum products generate more waste per product than traditional paper products. Many companies are committing to the use of reusable, compostable, and recyclable packaging because of the rising number of global issues, such as the growing amount of ocean waste. Most raw materials for the food contact paper industry are sourced from recycled materials and trees growing in sustainable forests. This increases the sustainability of these products. Thus, the need for environment-friendly packaging solutions is expected to drive the global food contact paper market. Technavio's analysts have predicted that the food contact paper market will register a CAGR of about 8% by 2023.
The changes in consumer behavior and the growth of the processed food industry drive the global food contact paper market. Demand for convenience foods and fast food, which have a special requirement for lightweight packaging, exert a positive influence on the market. The packaging of a product plays an important role in the demand for and lifecycle of a product.
Pulp is a crucial raw material used for manufacturing food contact paper. Therefore, the price of food contact papers depends on the prevailing global pulp prices, which vary from year-to-year and tend to fluctuate continuously within a given year. The prices of raw materials used in the manufacturing of release liners are highly unpredictable. Such fluctuation in the prices of pulp impacts the profitability of vendors.
For the detailed list of factors that will drive and challenge the growth of the food contact paper market during the 2019-2023, view our report.
The market appears to be moderately concentrated and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.