Seattle, WA -- (SBWire) -- 11/14/2019 --Vegetable Parchment papers are produced with chlorine-free highly refined pulp to create excellent waterproof and moisture resistant properties. They are ideal for packaging food products such as baking, roasting, reheating, and wrapping. Vegetable parchment paper is available in the form of sheets, precut rounds, and rolls. It is produced by using a parchmentizing technique that involves treating the parchment paper via zinc chloride or sulphuric acid, resulting in bulging of the parchment fiber, making the paper dense, transparent, and grease-resistant with excellent wet-strength properties. Moreover, vegetable parchment papers meet all the regulatory compliances, including FDA approvals and are thus widely used by bakeries, restaurants, caterers, and individuals.

Market Dynamics

Vegetable parchment paper has an excellent resistant property and it does not its external property even if left in water for a day or boiled it. Hence these factors are projected to propel the market growth. Moreover, it has nitrogen content and less susceptible to attacks of insects, which makes excellent material for wrapping food items. According to the U.S. Dairy Export Council, the global bakery market grew by 26.0% from 2010 to 2015 and is projected to achieve a CAGR of 1.8% from 2015 to 2020. On the other hand, substitutes available for vegetable parchment paper such as foil and baking pan is expected to hamper the market growth.

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Market Trends

Rising plastic pollution is a major environmental concern, globally. For instance, according to the Central Pollution Control Board, around 4 Mn tons of garbage is disposed of every day, out of which 15% (0.60 Mn tons) comprises plastics. Plastics are expected to account for 20% of the entire pollution over the following 25 years, as compared to an estimated 7% currently. Therefore, these factors are projected to boost demand for recyclable and/or biodegradable options such as vegetable parchment paper, which in turn is expected to fuel the growth of the vegetable parchment paper market.

Market Outlook

Among regions, Asia Pacific is expected to hold the fastest-growing market for vegetable parchment paper over the forecast period (2018-2025). This can be attributed to the rising demand for convenience products from end-use industries such as food and baking. For instance, according to China's Bureau of Statistics, food consumption accounted for around 31% of household expenditure or around US$ 641.12 billion in 2015. From 2008 to 2017, money spent on food consumption increased by 41% in China. Additionally, vegetable parchment paper is used in the food and baking industries for applications such as baking sheets, pan liners, and candy and taffy wraps.

Key Players

Major players operating in the market include Reynolds Consumer Products Inc., Paterson Pacific Parchment Company, AMOL Group, JK Paper, Black Label Paper Company, Nordic Paper, and Tesco.

Key players are investing heavily in the development of new products to expand their presence globally. For instance, in 2017, Reynolds Consumer Products Inc. expanded its product line of high-quality kitchen products with the innovation for consumer attraction to develop vegetable parchment paper. The company launched Reynolds KITCHENS Parchment Paper with SmartGrid, Reynolds KITCHENS Wax Paper Sandwich Bags and Reynolds KITCHENS Small Size Slow Cooker Liners. These new products are designed to cook meals faster, better, and easier.

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Market Taxonomy

Based on product type, the vegetable parchment paper market is segmented into:

- Bleached

- Natural

- Resin Treated

- Others

Based on application, the vegetable parchment paper market is segmented into:

- Food

- Seafood

- Vegetables

- Chicken

- Baking

- Paper Industry

- Writing paper

- Greaseproof Paper

- Wax Paper

- Others

Based on the distribution channel, the vegetable parchment paper market is segmented into:

- Hypermarket

- Supermarket

- Specialty Stores

- Online Stores

- Others

On the basis of region global air treatment products market is segmented into:

- North America

- South America

- Europe

- Asia Pacific

- Middle East & Africa

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