Discover the growing significance of the Parchment Paper Market as a versatile kitchen essential. Explore its various applications, benefits, and eco-friendly characteristics, and find out why it has become a staple for both professional chefs and home cooks alike.
The market for parchment paper is anticipated to reach a value of US$ 1,064.2 million in 2023 and US$ 1,789 million by 2033. A CAGR of 5.7% is predicted for the market’s growth.
Parchment Paper Market: An Overview
Parchment paper has gained significant traction in recent years, driven by the growing demand for convenient and eco-friendly cooking solutions. The market for parchment paper is expected to witness substantial growth in the coming years, primarily due to the increasing adoption of parchment paper in the food and beverage industry. Its ability to prevent food from sticking to pans and trays, reduce the need for greasing, and provide a healthier cooking alternative has made it an indispensable tool in kitchens worldwide.
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Parchment paper consumption has risen in the last decade through rising application in bakeries, restaurants, packed food, food deliveries, and take-away. Moreover, stringent environment rules are being applied across many countries to reduce dependency on non-biodegradable materials, combining all these, sales of parchment paper are anticipated to witness significant surge during the forecast period.
FMI forecast has that the future demand and sales of parchment paper will be definite and will continue increasing. Factors such as increase in middle class family income, environmental regulations, convenience factor, coupled with advancements in recycling processes will exponentially increase the parchment paper sales globally.
Key Takeaways from Parchment Paper Market
- By product type, unbleached paper segment is ahead and leading the market. With its sustainability and recyclable nature, the segment is anticipated to hold more than 55% market share during the forecast period.
- On basis of basis weight, 40-60 GSM is most preferred in the market due to its durability, safety and hygienic properties. The segment is anticipated to increase 1.97 times during next 10 years.
- Among end users, ready-to-eat meal segment will witness an incremental rise of US$ 293 Mn, due to rise of disposable income of middle class families in emerging economies.
- Sales in the U.S. is expected to surge at a steady rate, accounting for over 75% of the North America market in 2021.
- While China is expected to remain the leading market in East Asia, thanks to expansion of food service sector, growth in South Korea will unfold at a greater pace.
“The consumption of ready to eat products and fast foods is rising globally. Increasing application in the food and food services has created opportunities for parchment paper manufacturers to maximize their sales. Increasing emphasis on safe and recyclable paper is anticipated to redefine the parchment paper market growth” says FMI analyst.
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Key Market Trends
The Parchment Paper Market is witnessing several notable trends that are shaping its growth trajectory:
- Rise in Sustainable Packaging: With the increasing focus on sustainability, there is a growing preference for eco-friendly packaging solutions. Parchment paper, being biodegradable and recyclable, aligns with these sustainability goals and is being widely adopted by food manufacturers and retailers.
- Surge in Online Cooking Platforms: The proliferation of online cooking platforms and social media influencers sharing their recipes has significantly contributed to the demand for parchment paper. Home cooks are increasingly experimenting with new recipes and using parchment paper to enhance their cooking experience.
- Growing Awareness of Health Benefits: Parchment paper offers a healthier cooking alternative by reducing the need for added fats and oils. As consumers become more health-conscious, the demand for parchment paper is expected to rise.
- Expanding Application Scope: Beyond traditional baking and cooking applications, parchment paper is finding new uses in various industries, such as food packaging, confectionery, and pharmaceuticals. This expansion of application scope is driving the market’s growth.
Impact of COVID-19 on Parchment Paper Market
Global crisis of COVID-19 pandemic had negative impact on the sales of parchment paper. Lack of availability of raw pulp and paper materials in paper mills has halted the manufacturing process of parchment paper. Lockdown in t regions such as Oceania, Europe, South & East Asia and North America has induced considerable impact on the manufacturing of parchment paper.
Also, supply chains were disrupted and strict guidelines led to a complete closure of manufacturing plants for months. In general, the sales for parchment paper nearly halted during the lockdown. But during the last few months of the year 2020, supply chains were restored and trade routes re-opened due to which target market has begun gaining traction.
Who is Winning?
- Georgia-Pacific Corp.,
- METSA Tissue,
- Ahlstrom-Munksjo Oyj.
are the top players operating in the parchment paper market. Furthermore,
- Delfort Group AG,
- Cosmoplast,
- JK Paper,
- Nordic Paper and
- Kalpataru Papers LLP
are also noticeable players in the parchment paper market. The Tier 3 players in the market hold 70-75% in the global parchment paper market. In conclusion, key players contribute almost 25-30% of the global market.
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Parchment Paper Market by Category
By Product Type:
- Bleached Parchment Paper
- Unbleached Parchment Paper
By Basis Weight:
- Less than 40 GSM Parchment Paper
- 41 to 60 GSM Parchment Paper
- 61 to 80 GSM Parchment Paper
By End Use:
- Bakery and Confectionary
- Ready-to-Eat Meals
- Fresh Produce
- Others
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