The ability to withstand in high temperature up to 200 ? makes vegetable parchment paper the most favorable wrapping option for cooking or baking the food. The largest brands in the food industry generally use the vegetable parchment paper for wrapping bakery and dairy products. Along with the processed food packaging, the vegetable parchment paper has household applications to bake or roast the vegetables.
Across the world, the processed food industry is bourgeoning at high growth. To maintain the quality of food is the key concern for the food companies. Hygiene and extended shelf life are the key factors to consider food packaging solutions. The vegetable parchment paper is increasing in demand due to its safe and natural packaging solutions.
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Global Vegetable Parchment Paper Market: Dynamics
The food industry is growing across the world. Along with food products, the packaging of food is also creating a high effect on consumer preferences. The vegetable parchment paper is cost-efficient and sustainable packaging products, which are the primary need of food companies from the packaging solutions.
The aluminum foil market for food is expected to witness a loss in market share due to the increased adoption of vegetable parchment paper. The vegetable parchment paper market is going through the high regulatory compliance and authority approvals, which makes quite difficult to paper manufacturers to enter the market. The popularity of vegetable parchment paper is increasing from the last five years.
The global export of vegetable parchment paper was expended by 13% in value during 2017-2018. According to the International Trade Centre, Finland is the leading exporter of vegetable parchment paper, which had exported around 0.3 Mn tons of shipments in 2018. France, Italy, Germany, and China are the other top exporters for the vegetable parchment paper. In terms of import, Germany and the United States were imported around 0.3 Mn tons of vegetable parchment paper and accounted for 23.6% of the import market in 2018.
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Global Vegetable Parchment Paper Market: Geographic Outlook
The United States is expected to the leading country-level consumer of the vegetable parchment paper due to its high spending on food items and strong distribution channels. In terms of supply, Europe is expected to be dominating the global market. The large volume production of vegetable parchment paper is expected to carry out in European countries such as Finland, France, Italy, and Germany.
In terms of consumption, Europe is expected to be a dominating region for vegetable parchment paper market. Oceania region is expected to witness a fast-paced growth in the demand for vegetable parchment paper in the next ten years. China & India are expected to witness a high demand for vegetable parchment paper in the next decade owing to increased spending on food and the growing adoption of processed food.
Global Vegetable Parchment Paper Market: Key Players
The key players operating in the global vegetable parchment paper market are as follows:
- Ahlstrom-Munksjö Oyj
- COREX Group
- Pudumjee Group
- McNairn Packaging, Inc.
- Scan Holdings
- Amol Paper Mills Pvt. Ltd.
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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on vegetable parchment paper market segments and geographies.
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Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
The global vegetable parchment paper market has been segmented by grammage, product type and distribution channel.
On the basis of grammage, the vegetable parchment paper market has been segmented into:
- Up to 40 GSM
- Above 40 GSM
On the product type, the vegetable parchment paper market has been segmented into:
- Plain Vegetable Parchment
- Siliconized Vegetable Parchment
On the basis of the distribution channel, the vegetable parchment paper market has been segmented into:
- Hypermarket
- Supermarket
- Specialty Stores
- Online Stores
- Others
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