Parchment paper, also known as baking paper or greaseproof paper, is a type of cellulose-based paper that has been treated with silicone or other materials to create a non-stick and heat-resistant surface. It is commonly used in baking, cooking, and food preparation to prevent food from sticking to the surface of baking sheets, pans, and dishes.
By 2021, the parchment paper market, according to Future Market Insights (FMI), is expected to exceed US$ 959 million. The total worth is anticipated to increase at a CAGR of 5.8% from 2021 to 2031, reaching US$ 1.6 billion.
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The parchment paper market has experienced steady growth in recent years, driven by increasing demand from the food and beverage industry, as well as the growing popularity of home baking and cooking. The rise of e-commerce has also made it easier for consumers to access and purchase parchment paper products from online retailers.
One of the key factors driving demand for baking paper is its versatility and convenience. Parchment paper is a highly versatile product that can be used for a wide range of applications in the kitchen, including baking, roasting, grilling, and steaming. It is also easy to use and eliminates the need for greasing pans and dishes, making it a popular choice among home cooks and professional chefs alike.
Another factor driving growth in the parchment paper market is the increasing demand for eco-friendly and sustainable packaging solutions. Parchment paper is a recyclable and biodegradable product that is made from renewable resources, making it a more sustainable option than many other types of packaging materials.
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Competitive Landscape
Companies operating in the parchment paper market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence.
- In 2020, Nordic Paper AS started a campaign targeting professional bakers. Bakers are particular about ingredients they use in their products, because many baking paper contain fluorochemicals, which may migrate to baked goods. To prevent this, Nordic Paper launched a campaign in collaboration with National Swedish Baking Team. Also, this resulted in a positive surge in sales of unbleached parchment paper in Europe.
- In November 2019, McNairn Packaging was acquired by AmerCareRoyal LLC, which broadened its selection of food service packaging alternatives that were not present in its current portfolio.
- In July 2019, JK Paper signed an US$201.7 Mn MOU with Gujarat government to set up a new plant with 300,000 TPA capacity to facilitate modernization and expansion of Songadh unit. This increased the production of food packaging paper which will facilitate the consumption needs of parchment paper in the Indian subcontinent.
- In August 2018, Drewsen Spezialpapiere GmbH & Co. KG launched Mineral Oil Repellent Barrier Paper for food safety as aromatic mineral oils are harmful to human body and considered carcinogenic in nature.
- In 2018, Ahlstrom Munksjo Oyj. acquired the U.S.-based Expera Specialty Paper from KPS Capital Partners and Brazilian Caieiras plant from MD Papeis. Due to this production capacity of company increased as they captured food packaging paper distribution chains of acquired institutions.
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Key Players:
- Georgia-Pacific Corp.
- KALPATARU Papers LLP
- Pudumjee Paper Products
- JK Paper
- Ahlstrom Munksjo Oyj.
- Delfort Group AG
- METSA Tissue
- McNarin Packaging
Parchment Paper Market by Category
By Product Type:
- Bleached Parchment Paper
- Unbleached Parchment Paper
By Basis Weight:
- Less than 40 GSM Parchment Paper
- 41 to 60 GSM Parchment Paper
- 61 to 80 GSM Parchment Paper
By End Use:
- Bakery and Confectionary
- Ready-to-Eat Meals
- Fresh Produce
- Others
By Region:
- North America
- Latin America
- Europe
- MEA
- East Asia
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