Sarasota, FL -- (SBWire) -- 03/15/2019 --Global Fast Food Wrapping Paper Market: Overview
Wrapping paper is used in food packaging at quick service restaurants, cafes, full-service restaurants, and other organizations. Wrapping paper for fast food packaging is generally made of materials such as paper, PP, PE, PVC, EVOH, and biodegradable materials. Paper-based wrapping papers utilize raw materials such as kraft paper and specialty papers such as greaseproof papers, wax-coated papers, and foil papers. These papers are available in a variety of thicknesses ranging from less than 8 microns to more than 20 microns. Primary end uses for fast food wrapping paper are sandwiches, burgers, pizzas, chicken, and other snack foods.
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Global Fast Food Wrapping Paper Market: Growth Factors
The demand for fast food wrapping paper is increasing at a decent growth rate in both developed as well as in developing countries. This is primarily due to the high growth in the on-the-go and the fast food sector globally. Furthermore, ease of storage and good functional properties of the product in order to keep food fresh for a long time will further drive the market trends. Escalating product demand in the major countries such as the U.S., China, Germany, Italy, France, Canada, and Scandinavian countries will further stimulate the expansion of fast food wrapping paper market in the coming years. Growth in these countries is fuelled by the inclination of the consumers and companies towards the adoption of eco-friendly packaging solutions. This will not only help food-service companies create a better brand equity as well as brand image, but also increase customers in the long term. However, the market demand is expected to be hampered due to the increasing prices of raw materials and lack of qualified labor.
Global Fast Food Wrapping Paper Market: Segmentation
The global fast food wrapping paper market can be classified into product type, food type, and end-use. On the basis of product type, the market is sectored into Plastic foil, Aluminium foil, and Paper. Based on the food type, the fast food wrapping paper market is sectored into Sandwiches, Burgers, Pizza, Wraps & Rolls, Chicken, and Other Snack Food. On the basis of end use, the fast food wrapping paper market is divided into Hotels, Restaurants, Cafes, Fast Food Outlets, Cinemas, Airline & Railway Catering, and Institutions.
Global Fast Food Wrapping Paper Market: Regional Analysis
Based on regions, the global fast food wrapping paper market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific fast food wrapping paper market is expected to offer substantial growth opportunities to the local and multinational manufacturers. The demand is primarily driven due to the high growth in the consumption of fast food items in countries such as India, China, and ASEAN countries. Growth in consumption of fast food wrapping paper is driven by increasing disposable incomes of the middle-class households who demand convenience food products at reasonable costs.
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Moreover, massive demand for burgers, chicken rolls, sandwiches, and pizzas in countries such as the U.S., Canada, Germany, Italy, France, and Norway will drive the growth both in North America and European regions. With headquarters of the firms such as McDonald, KFC, Burger King, etc. in the U.S. will further embellish the North America market growth.
Brazil is likely to contribute notably towards the growth of LATAM fast food wrapping paper market.
Global Fast Food Wrapping Paper Market: Competitive Players
Some of key players in fast food wrapping paper market are Berry Global, Inc., Delfort Group, Georgia-Pacific LLC, Twin Rivers Paper Company, Hindalco Industries Limited, Huhtamaki Oyj, Mitsubishi Chemical Holdings Limited, Amcor Limited, Mondi Group, Reynolds Group Holding Limited, Thong Guan Industries Berhad, The Clorox Company, United Company RUSAL Plc, Hulamin Limited, Anchor Packaging Inc., Harwal Group, Oji Holdings Corporation, S. C. Johnson & Son, Inc., Nordic Paper AS , Advanced Coated Products Ltd. (The Food Wrap Co.), Pudumjee Paper Products Ltd. , KRPA Holding CZ, a.s., BPM, Inc., Seaman Paper Company, and Schweitzer-Mauduit International, Inc.
Global Fast Food Wrapping Paper Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Fast Food Wrapping Paper Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026