Future Market Insights (FMI) projects the parchment paper market to surpass US$ 959 million by 2021. The overall valuation is expected to reach US$ 1.6 billion by 2031, growing at a CAGR of 5.8% for 2021-2031.
Parchment paper usage has caused a significant reduction in sales for clamshell boxes through the food industry. To decrease the global carbon footprint and its impact, key players have started adopting greener ways for working towards environment compliance.
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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.
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.
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Focus on Sustainable Packaging Solutions Augmenting Parchment Paper Sales
Parchment papers are primarily used to pack food products without hampering the product quality. Parchment paper as a packaging solution is the most efficient way of packing food products to be delivered or stored over a period of time without disrupting the shelf-life of the product.
In the last decade, the popularity of parchment paper has reached new heights. It has emerged at a convenient option for working families to store food. Technological advancement associated with parchment paper is one of the key factors that has raised the bar parchment paper as a packaging solution.
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 the 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.
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
By Region:
- North America
- Latin America
- Europe
- MEA
- East Asia
- South Asia
- Oceania
Frequently Asked Questions
- What is the Current Valuation of Parchment Paper Market?
- At what rate did the Parchment Paper Market Expand in the last 5 years?
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- What are the Key Factors Driving Parchment Paper Sales?
- What is the North America Parchment Paper Market Outlook?
- What is the Cumulative Share of Top Five Companies in Parchment Paper Market?
- At what Rate will Parchment Paper Market Grow in Europe?
- Which are the Top 5 Countries Exhibiting High Demand for Parchment Paper?
- At what Rate will Japan Parchment Paper Market Grow?
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