Overview and Scope
Vegetable parchment paper refers to a type of paper that has been treated to enhance its durability, grease resistance, and water resistance, making it suitable for various culinary and industrial applications. It is an essential tool for ensuring consistent baking results, easy cleanup, and maintaining food safety standards in the culinary industry.
Sizing and Forecast
The vegetable parchment paper market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing preference for vegetable parchment paper in the food packaging industry, the processed food industry is witnessing high growth, rising environmental consciousness, increasing demand from the food industry, and increasing consumer demands for sustainable, high-quality parchment papers.
The vegetable parchment paper market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the burgeoning food packaging sector, rising disposable income, rising plastic pollution, increasing demand for convenience products, and growing awareness of health concerns. Major trends in the forecast period include demand for recyclable or biodegradable options, new recent developments, technological innovations, expansion of bakery industries, and alteration in consumer preference towards toxin-free products.
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Segmentation & Regional Insights
The vegetable parchment paper market covered in this report is segmented –
1) By Product Type: Bleached, Natural, Resin Treated, Other Product Types
2) By Classification: Plain Vegetable Parchment, Siliconized Genuine Vegetable Parchment
3) By Distribution Channel: Hypermarkets, Supermarkets, Specialty Stores, Online Stores, Other Distribution Channels
4) By Application: Food, Paper Industry, Other Applications
North America was the largest region in the vegetable parchment paper market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegetable parchment paper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand from the food industry is expected to propel the growth of the vegetable parchment paper market going forward. The food industry is a complex network that includes farmers and various businesses working together to provide the majority of the food consumed globally. The demand for the food industry is rising due to the increasing global population and shifting consumer preferences towards convenience and diverse dietary options. Vegetable parchment paper is a versatile and essential tool in the food industry, contributing to efficient food preparation, cooking consistency, food safety, and environmental sustainability. For instance, in September 2023, according to the United States Department of Agriculture, a US-based government organization, total food spending in the US increased by 11.4% in 2021 and 3.4 percent in 2022, driven by higher spending on food away from home (FAFH), which rose by 19% in 2021 and 8% in 2022. Therefore, the increasing demand from the food industry is driving the growth of the vegetable parchment paper market.
Key Industry Players
Major companies operating in the vegetable parchment paper market are Tesco Plc, Westrock Company, Nippon Paper Industries Co. Ltd., Reynolds Consumer Products Inc., Ahlstrom Oyj, Schweitzer-Mauduit International Inc., Antalis International, JK Paper Ltd., Delfort Group AG, Metsä Tissue, Seaman Paper Company, Nordic Paper GmbH, Pudumjee Paper Products Ltd., Paterson Pacific Parchment Company, The Griff Network, KRPA Holding CZ a.s., GrupASA, Expera Specialty Solutions, Scan Holdings Private Limited, Amol Paper Mills Pvt Ltd, Black Label Paper Company, Royal Paper Products Inc., Laufenberg GmbH, Cheever Specialty Paper And Film
The vegetable parchment paper market report table of contents includes:
1. Executive Summary
2. Vegetable Parchment Paper Market Characteristics
3. Vegetable Parchment Paper Market Trends And Strategies
4. Vegetable Parchment Paper Market – Macro Economic Scenario
5. Global Vegetable Parchment Paper Market Size and Growth
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32. Global Vegetable Parchment Paper Market Competitive Benchmarking
33. Global Vegetable Parchment Paper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vegetable Parchment Paper Market
35. Vegetable Parchment Paper Market Future Outlook and Potential Analysis
36. Appendix
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