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Parchment Paper Market Research Analysis 2028

(Food-Beverage-News.Com, September 28, 2021 )



Market Overview:

Parchment paper, or vegetable parchment, is a cellulose-based composite that has been processed to give it additional properties like non-stick, grease resistance, resistance to the humid state. It is commonly used as a greaseproof paper in baking as a disposable non-stick, grease resistant surface. Parchment paper is generally made using unbleached chlorine-free grease resistant paper that provides high density and non-sticky properties to the paper. Parchment papers meet all the regulatory compliances, including FDA approvals and is thus widely used by bakeries, restaurants, caterers, and individuals.



View full report: https://bit.ly/3CVC5bI



Market Dynamics:

Rising health consciousness has been affecting the growth of the parchment papers market in recent years



Bakeries, restaurants, and food delivery services are shifting from non-biodegradable packaging materials and adopting parchment paper owing to the implementation of strict environmental laws, especially on usage of plastic and other materials. Sales in China and India will rise at a high pace, backed by expansion of food service sector at an accelerated pace. Increasing plastic pollution is a major environmental concern, globally. For instance, according to Central Pollution Control Board, around 4 Mn tons of garbage is disposed every day, out of which 15% (0.60 Mn tons) comprises plastics. Plastics are expected to account for 20% of the entire pollution over the following 25 years, as compared to an estimated 7% currently. These factors are expected to boost demand for recyclable and/or biodegradable options such as parchment paper, which in turn is expected to drive growth of the parchment paper market.



Coupled with this, focus on sustainable packaging solutions will remain a chief growth driver. Some restaurants are using parchment paper as a tool for marketing and brand promotion by printing their logos on these papers. Increasing utilization of parchment paper in fancy and convenient packaging styles will guarantee growth in the coming years. Parchment paper has emerged as a suitable alternative to clamshell packaging. To reduce the logistical cost, packaging manufacturers are working towards cutting down on the use of clamshell as a primary packaging source. This trend is expected to continue in the coming years, presenting a conducive environment for parchment paper sales growth.



Market Segmentation

By Product Type

• Bleached

• Natural

By End User

• Bakery & Confectionery

• Paper Industry

By Distribution Channel

• Supermarket/Hypermarket

• Convenience Stores

• Online Sales



Download free sample: https://bit.ly/3zHjHS4



Geographical Penetration

Asia Pacific is expected to be the fastest growing region with CAGR of XX%



Among regions, Asia Pacific is expected to hold the fastest-growing market for parchment paper over the forecast period. This is majorly due to increasing demand for convenience products from end-use industries such as baking & confectionery, in turn, driving growth of the parchment paper market in emerging economies such as China and India. The ever-increasing production of food services product by India, means rise in demand for paper packaging solutions such as parchment papers. Also, the in-state consumption of packed foods has risen due to population surge. These factors directly impact the growth of parchment paper market. Also, key food and food services players in the region are undergoing a transition from clamshell products to parchment paper which is sustainable to reduce generation of carbon footprint.



North America is expected to hold significant market revenue share of XX% in the year 2020. Implementation of stringent food safety regulations is set to boost the market for safe and hygienic food packaging solutions like unbleached parchment paper in the U.S. Parchment paper is mostly used for wrapping of food products such as burger, bakery and confectionery products. Many of the end users are opting for parchment paper while transporting food products, as this paper keeps the quality of the food products intact for a longer duration. Therefore, parchment paper is the most favored choice for exporting confectionary products in bulk across the globe.



Competitive Landscape:

The Parchment Paper market is highly competitive, with a large number of domestic and international players competing for market share and leading players Companies operating in the parchment paper market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence. For instance, in August 2020, one of India's leading premium stationery brands launched a product line called "TopCare" to promote healthy and sustainable food packaging and cooking. The product line started with food wrapping as well as baking and cooking paper. In July 2019, JK Paper signed an US$201.7 Mn MOU with Gujarat government to set up a new plant with 300,000 TPA capacity to facilitate modernization and expansion of Songadh unit. This increased the production of food packaging paper which will facilitate the consumption needs of parchment paper in the Indian subcontinent. In November 2018, Ahlstrom-Munksjö inaugurated new production capacity in Saint Severin, France to meet demand of Genuine Vegetable Parchment products such as baking papers, cooking papers and food packaging. The company invested US$ 7.4 million for construction of this new facility to meet the growing demand of vegetable parchment paper.



Related Topic's

Lactoferrin Market, Seitan Market, Nut Products Market, Gluten-Free Products Market, Tortilla Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com
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