London, 29 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Food Contact Paper Market which is expected to post a CAGR of 6.09 percent by revenue and 5.74 percent by volume from 2013-2018.
Fig: Additional Volume demand for food contact paper by end-use sector, 2011-2017
Food contact paper is commonly used for food packaging, for example packaging of bakery products, fruits, beverages, and take-away food. It can be segmented according to paper type. Of this food contact paper, 72.3 percent is non poly-coated and is used for packaging dry food items compared to 27.7 percent that is poly-coated and used for packaging liquid food and beverages.
Key Market Drivers
- Growing Middle-class in Emerging Markets
- Urbanization and Change in Eating Habits
- Ease of Use
- Better Quality
Key Market Trends
- Focus on Sustainability
- Move Toward Water-Based Barrier Coatings
- New Opportunities Offered by Silicone Coatings
“The growth of the Global Food Contact Paper Market will be driven mainly by emerging economies, and the developed economies are expected to witness a sluggish growth. Asia, the Middle East and Africa will continue to lead the market during the forecast period because of large populations combined with improving economies of developing countries such as India, Nigeria, Ghana, Egypt, and South Africa,” says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance
If you are interested in more information on this topic and our upcoming research on Global Food Contact Paper Market, please send an e-mail to media@TechNavio.com.
- Follow us on Twitter @TechNavio
- Like us on Facebook
- Follow us LinkedIn
- Connect with us on Google+
