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 is a specialized paper that has been treated with a thin silicone coating. This coating provides a non-stick surface and heat resistance, making parchment paper ideal for baking, roasting, and cooking. It is commonly used to line baking sheets, cake pans, and other cookware to prevent food from sticking. Parchment paper also facilitates even heat distribution, resulting in better browning and more consistent cooking.
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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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Market Trends and Drivers
The Parchment Paper Market has experienced significant growth in recent years, driven by several key factors. Let’s explore some of the major trends and drivers shaping the industry:
1. Growing Demand for Convenient and Healthy Cooking Solutions
In today’s fast-paced world, consumers are increasingly seeking convenient and healthy cooking solutions. Parchment paper offers an easy and mess-free cooking experience, reducing the need for excessive oil or butter. The non-stick properties of parchment paper contribute to healthier cooking practices, as less oil is required to prevent food from sticking to the cookware. This trend has fueled the demand for parchment paper in households and commercial kitchens alike.
2. Increasing Awareness of Environmental Sustainability
With rising awareness of environmental issues, consumers and businesses are actively seeking eco-friendly alternatives to traditional materials. Parchment paper, being biodegradable and compostable, is considered a sustainable choice compared to plastic-based alternatives like aluminum foil or plastic wraps. The eco-friendly nature of parchment paper has garnered attention and preference from environmentally conscious consumers and has become a key driver in the market.
3. Flourishing Food Service Industry
The food service industry, including restaurants, cafes, and bakeries, plays a vital role in driving the demand for parchment paper. As the industry continues to expand, the need for high-quality cooking and baking materials, such as parchment paper, also grows. Parchment paper enables food service establishments to streamline their operations, improve food quality, and enhance customer satisfaction.
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
About Future Market Insights, Inc.
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