Food and beverage cartons are expected to drive growth in the food contact paper and paperboard market.
HYDERABAD, Telangana, India, Jan. 20, 2023 /EINPresswire.com/ — In its latest report, IndustryARC predicts that the food contact paper and paperboard market will reach $92.5 billion by 2027. USA at an average annual growth rate of 5% in the forecast period (2022-2027). Food contact paper and board can be divided into various types of products, including kraft paper, greaseproof paper, parchment paper, label paper, hard bleached kraft board, coated unbleached kraft board, coated recycled board, unblended chipboard , folding cardboard, bleached laminated paper. Chipboard and other similar types. According to the latest analysis presented at Interpack 2020, the global packaging industry is expected to grow at 3.5% per annum over the next four years. The main drivers of the market are the growing demand for paper packaging in the food and beverage industry, as well as strict government regulations regarding the use of plastic. On the other hand, the availability of substitutes can slow down the market and slow down its growth. The report provides a comprehensive analysis of the market, key segments, growth drivers, trends, drivers and challengers, key players, etc.
Click here to view the full report summary: https://www.industryarc.com/Research/Global-Food-Contact-Paper-And-Board-Industry-Market-Research-511614
This IndustryARC Food Contact Paper and Board Market Report highlights the following areas:
1. White-backed chipboard will take a significant share of the food contact paper and board market in 2021. The wide range of functions, durability and performance distinguish it from other types of products on the market.
2. Paper and board are made from natural renewable resources, biodegradable and easily recycled in nature, and have a wide range of applications in terms of function, design and print quality compared to plastic, wood and other types of materials. All these properties make them ideal for food packaging.
3. North America will dominate the food contact paper and paperboard market in 2021 due to growing demand for paper and paperboard from the food industry in the region. For example, in October 2021, Nestle invested approximately $550 million to build a new food processing plant in Ohio, USA. The new plant is expected to increase the company’s production capacity and is scheduled to be completed by the end of 2023.
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1. White-lined chipboard will occupy a large share of the food contact paper and board market in 2021 due to the growing demand for it due to its characteristics and advantages over other products. For example, white-backed chipboard is thinner, takes up less space, and is easier to form than coated unbleached kraft board, folding board, and other products.
2. In 2021, North America will have the largest share of the food contact paper and paperboard market, reaching 35%. The consumption of paper and paperboard in the region is especially high due to the growing demand from the food industry. For example, in September 2021, Tyson Foods invested $300 million to build a 325,000 square foot food processing plant in Virginia, USA, which is expected to be completed in 2023.
3. In addition, boxboard or cartons are made from high quality, durable materials that can withstand any kind of wear or stress. Therefore, it provides better food protection and ensures convenient and safe transportation of food from one destination to another.
Click the link below to buy the Food Contact Paper and Board Market Report: https://www.industryarc.com/reports/request-quote?id=511614
IndustryARC is one of the world’s leading market research and advisory services companies. The company produces more than 500 unique market reports annually. If you need a detailed overview of a specific market, you can contact the IndustryARC team directly. Not only can you purchase your favorite market reports on the website, but you can also get personalized assistance with specific reports.
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Post time: Jan-30-2023