The global fast food wrapping paper market is witnessing a solid expansion, thanks to growing demand for fast foods and growth of e-commerce. The global fast food wrapping paper market depicts a competitive and fragmented landscape, reports Transparency Market Research (TMR). Some key players in the global fast food wrapping paper market are Delfort Group, Berry Global, Inc., Twin Rivers Paper Company, Georgia-Pacific LLC, Huhtamaki Oyj, Hindalco Industries Limited, and Mitsubishi Chemical Holdings Limited.
The global fast food wrapping market is expected to expand
significantly, thanks to growing advancements in packaging materials and
marketing techniques. For example, in Japan wrapping paper for regional dishes
embeds a signature style of the region, attracting tourists for a free
souvenir. Additionally, material advances such as the use of banana pseudo
stems and polymer treatments have displayed promising results. Polymer
treatment shows promise in making grease proof and water proof for ideal fast
food wrappings. Growing focus on research and development is expected to create
significant opportunities in the fast food wrapping paper market in the near
future.
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The global fast food wrapping paper market is expected to
exhibit a solid growth during 2018-2026, growing at a steady 2.8% CAGR. Rising
consumption of fast food products is expected to play a key role in the growth
of the market. Additionally, growing demand for burgers is expected to emerge
as a boon to growth. Burgers make for an ideal type of product for paper
wrappings. Moreover, sandwiches are likely to emerge as a dominant force for
growth in the global fast food wrapping market.
The global fast food wrapping market is expected to witness
robust growth in Asia Pacific, registering 4.2% CAGR. Introduction of fast food
products like burgers, sandwiches, and growing disposable income in the region
is expected to drive significant demand in the region.
Fast Food Chains a Major Draw for the Fast Food Wrapping
Paper Market
Fast food chains like McDonalds, Subway, and KFC are
expanding their footprints globally. These fast food chains use large amounts
of paper wrappings for their products. For example, Subway mainly serves their
large subs in paper wrappings for convenience and with branded packaging.
Additionally, due to increasing globalization, these chains are gaining
increased grounds in Asia. The rising disposable income here and growth of new
lifestyle involving a lot more outdoor eating is a boon for the fast food
wrapping paper market. The low costs of paper wrappings and printing options
for branding, are expected to create new opportunities for the global fast food
wrapping paper market in the near future.
However, breakability of paper wrappings and unease of
handling greasy food products can limit the growth of the fast food wrapping
paper market.
Green Packaging Drives Growth in the Fast Food Wrapping
Paper Market
Packaging industry is facing a major overhaul, thanks to
growing limitations on using plastic products and recent ban in the EU on all
single-use plastics. The global fast food wrapping paper market is expected to
gain significantly due to this development, as paper wrappings are one of the
very few alternatives to plastic packaging. Additionally, paper packaging like
Aluminum foils are ideal offer essential benefits such as water-proofing at a
low cost. Additionally, paper wrappings also come in various sizes to handle
various food items.
Moreover, green packaging is expected to drive significant
demand for end-chains like McDonalds, Subway, and others. These products with
their embedded branding qualities provide more visibility and eco-friendly
packaging can provide a much-needed brand makeover to several fast food chains.
Information provided in this review is obtained from a TMR
report, titled, “Fast Food Wrapping Paper Market (Product Type –
Plastic, Paper; Thickness – Plastic & Aluminum Foil, Paper; Fast Food Type
– Sandwiches, Burgers, Pizza, Wraps & Rolls, Chicken, Other Snack Food; End
Use – Hotels, Restaurants, Cafes, Fast Food Outlets, Cinemas, Airline &
Railway Catering, Institutional) – Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2019 – 2027.”
The global fast food wrapping market has been segmented
as follows:
Product Type
- Plastic
- Polyethylene
- Polypropylene
- Polyamide
- Polyvinyl
Chloride
- Polylactic
Acid
- EVOH
- Paper
- Kraft
Paper
- Specialty
Paper
- Greaseproof
Paper
- Wax
Paper
- Foil
Paper
- Aluminum
Foil
Thickness
- Plastic
& Aluminum Foil
- Below
8 Microns
- 8 to
14 Microns
- 14
to 20 Microns
- 20
Microns & Above
- Paper
- Up
to 30 GSM
- 30
to 50 GSM
- Above
50 GSM
Fast Food Type
- Sandwiches
- Burgers
- Pizza
- Wraps
& Rolls
- Chicken
- Other
Snack Food
End Use
- Hotels
- Restaurants
- Cafes
- Fast
Food Outlets
- Cinemas
- Airline
& Railway Catering
- Institutional
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