Greaseproof Paper Market REPORT OVERVIEW
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The global greaseproof paper market size was USD 915.5 million in 2021 and market is projected to touch USD 1346.51 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.9% during forecast period.
Paper that is resistant to grease and oil is known as greaseproof paper. In general, food packing and cooking employ greaseproof paper sheets because they are a practical, affordable solution for enclosing a variety of foods. Paper pulp is refined to produce a sheet with as little porosity as possible to make these sheets. The sheet is treated with starch and other chemicals throughout the production process to generate greaseproof paper, and the density is enhanced by supercalendering.
Paper stock is refined to produce a sheet with a very low porosity, which is then used to make greaseproof paper. To increase its density even further, this sheet is then supercalendered. A paper called as Glassine is produced by this method. Once the pores on the glassine paper have been filled, it is then size-pressed with alginates, starches, or CMC to make the paper impermeable to grease, oil, and fat.
COVID-19 Impact: Demand for Food Delivery Boosted the Market During COVID-19
Greaseproof paper has benefited from COVID-19, especially as a result of an increase in demand for food delivery and packaging services. Food outlets' supply networks have undoubtedly been impacted by lockdowns for a quarter, but they have been able to discover alternate supply chains by working with companies like Zomato, Uber Eats, Swiggy, Food Panda, and others, to mention a few. Over the second and third quarters of 2020, the rise of greaseproof paper has accelerated due to the spike in demand for packaged meals.
LATEST TRENDS
"Branding And Advertising Market to Boom the Demand"
Both pre-printed and bespoke versions of these sheets are available. For branding and advertising, printed greaseproof paper is a striking option. Customers are more likely to purchase food items when they are served on greaseproof sheets with printed graphics. Furthermore, several color combinations can be used to print them.
During the projected period, these elements are anticipated to propel the market for the greaseproof paper to increase. The development of the world market for the greaseproof paper during the following ten years may be hampered by many substitutes, including foils, foil sheets, and wax papers.
Items, including fine art or perishable goods, are shipped in protective packaging made of greaseproof paper. For corrosion prevention, these products are made with a "grease" covering. In addition to serving as a protective layer on textile cores, greaseproof paper is utilized as a divider between frozen meats.
Oil- and grease-repellent wood pulp is used to create greaseproof paper, which is produced under sanitary conditions. The original taste and flavor are preserved by using greaseproof wrapping paper, which keeps fat and oils from penetrating food.
Greaseproof Paper Market Segmentation
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- By Type Analysis
By type, market is segmented into packaging paper and baking paper. The packaging paper segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into residential and commercial. The residential segment will lead the global share through 2031.
DRIVING FACTORS
"Increase Use of Wrapping Food to Propel the Market Demand"
Due to increased efficiency in preventing content contamination and enhanced shelf-life, the food packaging business is growing quickly. This is expected to increase demand for greaseproof paper and ultimately drive the market.
These greaseproof sheets are perfect for using as a liner in snack boxes as well as for wrapping a range of food items including burgers and sandwiches. Products like cookies and chips that soften and become unsanitary if left exposed are best wrapped in greaseproof paper. According to needs, greaseproof paper can be pre-cut in a variety of sizes. Overall, throughout the forecast period, the outlook for the world market for greaseproof paper is anticipated to be favorable.
"Greaseproof Paper Being Made of Paper Pulp is a Great Biodegradable Printing Solution, Accelerating the Market"
Greaseproof paper wrapping guarantees an oil-free, aesthetically pleasing, and hygienic method of storing and transporting food products including cold cuts, cheese, and baked goods. A refrigerator can also use greaseproof paper sheets, which can withstand high temperatures of up to 220° C. The market for greaseproof paper is anticipated to grow significantly over the next ten years as a result of this reason. Paper pulp is used to create greaseproof papers. They provide a great biodegradable printing solution because of this.
The food packaging sector is predicted to grow as a result of consumers' rising desire for packaged food as a result of their changing eating habits and fast-paced lifestyles. According to estimates, this will grow the demand for greaseproof paper.
RESTRAINING FACTORS
"Restrictions in Baking Applications Could Impact Market Growth "
Cake tin lining should not be done with greaseproof papers, which may need to be oiled on both sides to keep from sticking to the pan. This may restrict its use in baking-related applications. Additionally, greaseproof paper can only withstand heat up to a particular range of temperatures, which restricts the market's ability to grow.
Greaseproof Paper Market REGIONAL INSIGHTS
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"North America Expected to Hold Large Share in the Global Greaseproof Paper Market."
The market for greaseproof papers will expand rapidly in North America, according to forecasts. Due to the region's abundance of well-established, organized food establishments and the high demand for prepared foods, this phenomenon is believed to have occurred. When it comes to greaseproof paper demand, the European market is expected to follow North America. Due to the low level of greaseproof paper adoption in the area, MEA is anticipated to see slow development.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Ahlstrom-Munksjö (Finland)
- Nordic Paper (Sweden)
- Metsä Tissue (Finland)
- Domtar (U.S.)
- Delfortgroup (Austria)
- Krpa Paper (Czech Republic)
- Simpac (South Korea)
- Vicat Group (France)
- Pudumjee Group (India)
- Dispapali (Spain)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 915.5 Million in 2021 |
Market Size Value By |
US$ 1346.51 Million by 2031 |
Growth Rate |
CAGR of 3.9% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the greaseproof paper market expected to touch by 2031?
Over the research period, the greaseproof paper market will be reaching USD 1346.51 million in 2031.
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What CAGR is the greaseproof paper market expected to exhibit by 2031?
The greaseproof paper market is expected to exhibit a CAGR of 3.9% by 2031.
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Which are the driving factors of the greaseproof paper market?
Biodegradable printing paper and rising food wrapping market are the driving factors of the greaseproof paper market.
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Which are the top companies operating in the greaseproof paper market?
Simpac, Vicat Group, Pudumjee Group and Dispapali are some of the top companies operating the greaseproof paper market.