Market Size –
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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Scope Of Vegetable Parchment Paper Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vegetable Parchment Paper Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the vegetable parchment paper market are developing advanced solutions, such as silicone high-density greaseproof solutions, to improve moisture resistance, durability, and overall performance in high-temperature cooking and baking applications. Silicone high-density greaseproof solution is a special coating for vegetable parchment paper that makes it more resistant to grease and moisture by forming a strong barrier. For instance, in May 2021, AHLSTROM-MUNKSJÖ OYJ, a Finland-based company, launched a fresh lineup of silicone high-density greaseproof papers, featuring Durabake, designed to excel in demanding applications with excellent release and resistance, along with enhanced wet strength. These papers are available in bleached and truly natural fibers, offering a variety of colors, basis weights, and finishes to cater to diverse application needs.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Vegetable Parchment Paper Market Report Structure
3. Vegetable Parchment Paper Market Trends And Strategies
4. Vegetable Parchment Paper Market – Macro Economic Scenario
5. Vegetable Parchment Paper Market Size And Growth
…..
27. Vegetable Parchment Paper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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