According to research carried out by FMI, the global greaseproof paper sheets market is predicted to reach US$ 1.2 Billion in 2023 and is going to further expand at a CAGR of 5.8% to reach US$ 2.1 Billion by the year 2033. The greaseproof paper sheets market revenue for the top 3 countries is estimated to hold 25 to 30% of the global greaseproof paper sheets market by the end of 2023.
With the continuously increasing demand for online food delivery, based on product type, the unbleached segment is projected to hold the major portion of the global greaseproof paper sheets market. The target segment is estimated to hold around 57% of the global greaseproof paper sheets market by the end of 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 1.2 Billion |
| Market Size 2033 | US$ 2.1 Billion |
| Value CAGR (2023 to 2033) | 5.8% |
| Collective Value Share: Top 3 Countries (2023E) | 25 to 30% |
According to the FMI analysis, the greaseproof paper sheets market generated total revenue of US$ 1.1 Billion in 2022. With the rising demand for bakery and fast food items, the global greaseproof paper sheets market is projected to reach US$ 2.1 Billion by 2033, increasing at a CAGR of 5.8% throughout the forecast period.
The greaseproof paper sheets market is expected to experience positive growth during the forecast period. A new projection of FMI forecasts that greaseproof paper sheets sales will rise from 2023 to 2033 and is projected to generate an attractive incremental growth opportunity of US$ 933.9 Million.
The significantly rising demand for grease-proof packaging in the food industry is expected to bolster the demand for greaseproof paper sheets. The greaseproof paper sheets market is anticipated to expand 1.7 times the current market value during the forecast period.
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The global greaseproof paper sheets market witnessed a growth rate of 3.9% CAGR from 2018 to 2022 and reached US$ 1.2 billion in 2022.
Greaseproof paper sheets are specialty-grade paper manufactured for packaging greasy items, especially in the food packaging industry. It is a nonabsorbent paper and is usually exposed to high geese and high temperatures food items. Greaseproof paper sheets are majorly used for protecting the items while shipping such as perishable items, fine artworks, and items made from grease coatings. Greaseproof paper is a breathable paper that lets the moisture and steam pass through and keeps the items fresh and less soggy. Also, it acts as a barrier and doesn’t soak the grease.
The greaseproof paper sheets are a safe and secure form of packaging predominantly used in food and beverage industries for food safety purposes. Its resistant packaging structure reduces the food-related interventions to hazardous and spoilt content, which is filled inside the packaging. The greaseproof paper sheets have reduced the proportion of food poisoning or spoiling in the last couple of years and are projected to maintain the same in the foreseeable future on the back of their precise packaging structure. There are several types of greaseproof paper sheets made up of bleached and unbleached material available in the market. On basis of weight parchment paper is divided into three categories of different ranges, 41-80 GSM weight range is widely used in the food and beverage sector
Greaseproof paper has been widely adopted as a wrap or liner in fast food items such as burgers, rolls, donuts, etc. Increased consumption of these items is affecting the greaseproof paper sheets market. Also, the increasing number of food outlets is expected to drive the greaseproof paper sheets market access to the globe. The changing lifestyle and increased level of disposable income in most countries help the greaseproof paper sheets market to grow in the future. The effect of pandemic led the online food delivery websites to flourish and consumers also developed the habit of online food ordering. These changing consumer habits of having ready-to-eat are expected to generate a hefty demand for greaseproof paper sheets.
Principal Consultant
The unbleached product type segment is estimated to remain a leading segment for the global greaseproof paper sheets market from 2023 to 2033. The greaseproof printed paper sheets are used by many brands for packaging food items, this segment is expected to cover 57% of the market share by the end of 2023. The requirement for food safety from the consumer's end is expected to affect the unbleached paper-type market segment. Many food brands are also focusing on food safety and the government of many countries is implementing various food safety regulations. Thus unbleached paper segment is expected to generate the demand for greaseproof paper sheets.
The bakery & confectionaries segment by application is expected to create growth opportunities for the global greaseproof paper sheets market during 2023-2033. The reason for the same is the increased production and consumption of sweets and chocolates by consumers. Most of the sweets and chocolates use greaseproof paper sheets for protecting the items. The packaging boxes carrying these products are also lined with greaseproof paper sheets from the inside for keeping them fresh and greasy. The target segment is estimated to grow 1.7 times the current market value during the forecast period.
The US is expected to expand 1.6 times the current market value of the North American greaseproof paper sheet market by the end of the forecast period.
According to the article published by the National Hot Dog and Sausage Council (NHDSC), American people spend more than 7.5 million dollars on hot dogs in the year 2021, and residents of Los Angeles were at the top in the consumption of hot dogs. All schools, cafeterias, supermarkets, restaurants, and concession stands in the United States serve hot dogs on their menu. Retail sales of hot dogs in the United States are worth 944.3 million pounds in the year 2020. The consumption of hot dogs in the United States is triggering the demand for greaseproof paper sheets.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Tonnes, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Basis Weight, Product Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Nordic Paper AS; Georgia-Pacific Corp.; Ahlstrom Munksjo Oyj.; McNarin Packaging; SIMPAC Inc; KRPA Holding CZ a.s.; Napco National; Twin Rivers Paper Company; Fulton International Industry Limited; Ahlstrom-Munksjö Oyj; The Griff Network; Hydon Paper Co Ltd; Delfort Group Ag; Pudumjee Paper Products; Nordic Ecolabelling; Troitsk Paper Factory; Metsä Group; JR Press Limited; Linwood Raker Ltd; Grantham Manufacturing Ltd; Colpac Ltd; Segezha-Group; Food Paper Portugal; Asia Pulp & Paper (APP) Sinar Mas. |
| Customization & Pricing | Available upon Request |
The global greaseproof paper sheets reached US$ 1.2 Billion in 2022.
The greaseproof paper sheets market is expected to grow at a CAGR of 5.8% from 2023 to 2033.
The global greaseproof paper sheets market value in 2033 is expected to be US$ 2.1 Billion.
The increased demand for protective paper wrapping for food products is projected to drive the demand for greaseproof paper sheets.
Nordic Paper AS, Georgia-Pacific Corp., Ahlstrom Munksjo Oyj., McNarin Packaging, SIMPAC Inc, KRPA Holding CZ a.s., Napco National, and Twin Rivers Paper Company are the key players operating in the greaseproof paper sheets market.
The global greaseproof paper sheets market is anticipated to grow 1.7 times the current market value during the forecast period.
As per the FMI analysis, the US greaseproof paper sheets market is projected to expand at a CAGR of 4.1% from 2023 to 2033.
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