Greaseproof Paper Market Forecast and CAGR
According to the latest research study by Fact.MR, greaseproof papers market is set to witness moderate growth during the assessment period of 2021-2031 with a CAGR of 4%. Demand for these papers will witness modest growth in the short run, with an optimistic growth in the long run.
It has been noticed that these papers are made greaseproof by initially being slender squeezed and afterwards taken through a cycle where the pores are loaded up with extra starch. The outcome is a heat-safe, thin and light piece of paper that has mainstream applications in baking and product storage which have been key driving factors of the business.
What is Driving Demand for Greaseproof Papers?
Stringent regulations over utilization of plastic has shifted the food outlets to adopt paper, which turned out to be messy as the grease tends to leak out through the paper pores. To solve this problem, manufacturers have come up with the grease resistant papers which doesn’t allow the grease to pass through the paper pores.
Apart from packaging, major chunk of these papers are also consumed by confectionaries in the process of baking as it reduces the contact of grease such as butter and oils to stick on the paper. Therefore grease resistant papers are one stop solution to the issues being faced by the confectionaries since decades.
With the extensive usage, grease resistant papers have become inexpensive and the rising demand coupled with economies of scale adopted by manufacturers has shrink the price of grease resistant papers by multiple folds. This has enhanced the overall attractiveness of the market.
Food packaging and delivery services in the pandemic utilized ginormous volumes of greaseproof papers, this is primarily observed on the back of oil impermeability feature incorporated in the product.
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COVID-19 Impact on Global Greaseproof Paper Market
COVID-19 has positively impacted the business of the grease resistant paper, primarily on the back of the surge in demand from food packaging and delivery services. Lockdowns has certainly affected the supply chain of food outlets for a quarter but they have managed to find alternative supply chains such as collaborating with Zomato, Uber Eats, Swiggy, Food Panda, and others to name a few. The surge in demand for packaged foods has provided an uptick for the growth of grease resistant paper over Q2 and Q3 of 2020.
Demand is set to remain in a similar fashion till the end of 2022 and it is expected to return to pre-COVID levels over long-run forecast period
Why US is anticipated to Remain an Epicenter of Greaseproof Paper Market?
Prominent manufacturers in the country have previously analyzed the issues of HoReCa sector over utilization of paper for serving the food items. Prime flaws with the utilization of paper were dripping of grease through the paper pores.
To find the solution to this issue, producers have invested in providing a coating over the paper which is inexpensive and easy to use. This has not only paved the business growth of greaseproof paper but also has enhanced the investor confidence in the regional market.
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Who are the Key Manufacturers of Greaseproof Papers?
Some of the leading manufacturers and suppliers of greaseproof papers in the market are:
- Yiwu Natural Paper Products Co., Ltd
- PT PURA BARUTAMA
- Green Woods Paper & Stationery Co., Ltd.
- Guangzhou Richer Paper Co., Ltd
- PUDUMJEE PAPER PRODUCTS LTD.
- Cagdas Kagit
- Asia Pulp and Paper Group (APP)
- Fujian Naoshan Paper Industry Group Co., Ltd
- PURA Paper Mill
The market is highly fragmented with market share distributed among numerous manufacturers. Companies mainly stick to organic ways of increasing business which include production expansion and demand generation.
The main producers and providers in the business are zeroing in on building up a long-term partnership with the end consumers, to avail the continuous business opportunity. New entrants in this business are presenting cost-effective greaseproof papers, which can support microwave or oven heat with no harmful effects.
Greaseproof Paper Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Release papers for technical lamination
- Graphic papers
- Baking paper
- Pet-food bags
- Pan liners
- Papers for textile cores
By Pulp composition
- 100 % sulphite
- 50 % sulphite, 50 % sulphate
- 100 % sulphate
By Paper Treatment
- Carboxymethyl cellulose
By Sales Channel
- Super and Hyper Markets
- Convenience Store
- Direct Sales
- Third-Party E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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