Introduction: Embracing the Versatility of Parchment Paper Market
In today’s culinary landscape, parchment paper has emerged as a versatile and indispensable tool for both professional chefs and home cooks. The Parchment Paper Market has witnessed a remarkable surge in demand due to its exceptional qualities that elevate cooking and baking experiences. In this comprehensive guide, we delve into every facet of the parchment paper market, from its uses and benefits to its growth trajectory and key players. Let’s explore the parchment paper market and unwrap its potential!
Parchment Paper Market: A Closer Look
Parchment paper, a specialty paper that has been treated with a non-stick coating, offers a myriad of benefits for culinary enthusiasts. It’s widely utilized in various cooking methods, including baking, roasting, and steaming. This segment explores how parchment paper has evolved and become a staple in modern kitchens.
The parchment paper market is poised for substantial growth, with a projected valuation of US$ 1,064.2 million in 2023, surging to US$ 1,789 million by 2033 at a notable CAGR of 5.7%.
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Parchment paper consumption has risen in the last decade through rising application in bakeries, restaurants, packed food, food deliveries, and take-away. Moreover, stringent environment rules are being applied across many countries to reduce dependency on non-biodegradable materials, combining all these, sales of parchment paper are anticipated to witness significant surge during the forecast period.
FMI forecast has that the future demand and sales of parchment paper will be definite and will continue increasing. Factors such as increase in middle class family income, environmental regulations, convenience factor, coupled with advancements in recycling processes will exponentially increase the parchment paper sales globally.
Key Takeaways from Parchment Paper Market
- By product type, unbleached paper segment is ahead and leading the market. With its sustainability and recyclable nature, the segment is anticipated to hold more than 55% market share during the forecast period.
- On basis of basis weight, 40-60 GSM is most preferred in the market due to its durability, safety and hygienic properties. The segment is anticipated to increase 1.97 times during next 10 years.
- Among end users, ready-to-eat meal segment will witness an incremental rise of US$ 293 Million, due to rise of disposable income of middle class families in emerging economies.
- Sales in the U.S. is expected to surge at a steady rate, accounting for over 75% of the North America market in 2021.
- While China is expected to remain the leading market in East Asia, thanks to expansion of food service sector, growth in South Korea will unfold at a greater pace.
“The consumption of ready to eat products and fast foods is rising globally. Increasing application in the food and food services has created opportunities for parchment paper manufacturers to maximize their sales. Increasing emphasis on safe and recyclable paper is anticipated to redefine the parchment paper market growth” says FMI analyst.
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Unleashing the Growth Potential
The parchment paper market has experienced rapid growth, fueled by its versatility and increasing consumer interest in culinary experiences. This section explores the factors driving the market’s expansion and the opportunities it presents.
Growing Demand in Culinary Industry
With the rise of cooking shows, food blogs, and social media platforms, home cooks are increasingly experimenting with recipes that require parchment paper. Its ability to enhance presentation and flavor has spurred its demand.
Commercial Kitchens Embrace Parchment Paper
Beyond home kitchens, commercial establishments such as bakeries and restaurants are adopting parchment paper for its time-saving attributes. It streamlines the cooking process, reduces cleaning efforts, and maintains food quality.
Innovative Applications
The market’s growth is further accelerated by the innovative uses of parchment paper. It’s not only limited to culinary applications but is also utilized in crafting, art, and even as an eco-friendly gift wrap.
Who is Winning?
- Georgia-Pacific Corp.,
- METSA Tissue,
- Ahlstrom-Munksjo Oyj.
are the top players operating in the parchment paper market. Furthermore,
- Delfort Group AG,
- Cosmoplast,
- JK Paper,
- Nordic Paper and
- Kalpataru Papers LLP
are also noticeable players in the parchment paper market. The Tier 3 players in the market hold 70-75% in the global parchment paper market. In conclusion, key players contribute almost 25-30% of the global market.
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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
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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