Global Trends and Insights on the Greaseproof Paper Market: A 2033 Forecast Report
The global market for
greaseproof paper was valued at approximately US$ 1.27 billion in 2022 and
is projected to grow at a compound annual growth rate (CAGR) of 5.5%, reaching
an estimated US$ 2.1 billion by the conclusion of 2033.
Greaseproof paper
plays a significant role in food storage and packaging. Its unique formulation
allows it to repel grease, making it ideal for the extended preservation of
various food items. The demand for greaseproof paper is anticipated to rise in
the coming years, driven by the increasing requirements of the food packaging
industry. Additionally, greaseproof paper is regarded as a cost-effective
alternative to traditional baking paper.
Greaseproof paper plays a significant role in food storage
and packaging. Its unique formulation allows it to repel grease, making it
ideal for the extended preservation of various food items. The demand for
greaseproof paper is anticipated to rise in the coming years, driven by the
increasing requirements of the food packaging industry. Additionally,
greaseproof paper is regarded as a cost-effective alternative to traditional
baking paper.
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Despite the pandemic, the food packaging sector did not face
any major setback, while on the contrary, the demand for packaged food
increased through online delivery platforms. The situation can be considered as
a blessing in disguise as it presented an opportunity for packaging material
manufacturers to expand their capacities to meet the surging demand while
considering the requirements of ends users.
Key Takeaways from Market Study:
- The
global greaseproof paper market is envisioned to inflate at 5.5% CAGR and
reach US$ 2.1 billion by 2033.
- The
market experienced a growth rate of 3.5% from 2018 to 2022.
- Under
product type, bleached paper accounted for US$ 710 million in valuation in
2022.
- East
Asia dominated the global market with 25.5% share in 2022.
- Fluorocarbon-free
greaseproof paper held 38.6% market share in 2022.
- Demand
for greaseproof paper is estimated to increase at CAGRs of 3.9% and 3.5%
in East Asia and North America, respectively.
Competitive Landscape
The foremost producers of greaseproof paper globally are
utilizing sustainable technologies and cost-effective systems to cater to
diverse clients within the food packaging sector. These prominent manufacturers
are dedicated to creating environmentally friendly products that enhance the
longevity of food storage.
Major strategies adopted by manufacturers are :
In September 2022, Nordic Paper, a prominent producer of
natural greaseproof paper, received certification for the manufacture of
specialty products designed for easy degradation in both industrial and home
composting environments. In May 2021, Ahlstrom-Munksjö introduced a new product
line tailored for the North American market, featuring silicone high-density
greaseproof paper that caters to both professional and novice bakers.
Additionally, the rise in environmental regulations is
driving manufacturers to pursue material innovations to ensure their packaging
solutions are environmentally friendly. Consequently, significant investments
are being made in research and development to create advanced materials
suitable for food packaging.
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