Technavio Says Growing Adoption of Paper Packaging Will Impact the Food Contact Paper Market in the US Through 2019
May 20, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the food contact paper market in the US, which is expected to grow at a CAGR of 6% from 2015-2019.
About the Report
According to the latest report by Technavio, different types of paper-derived packaging materials are available on the market, ranging from simple wraps to cartons. These materials are capable of preserving food products for long periods of time.
“Manufacturers of food products prefer food contact paper for cost-efficient packaging, as their light weight and durability enables reduced transportation and handling costs,” says Faisal Ghaus, Vice President of Technavio.
“Retailers and product manufacturers also use paper packaging materials to increase their brand visibility, and distinguish their products from other products available on the market.”
Furthermore, the new Technavio report also emphasizes the growing demand for biodegradable packaging products. Manufacturers have started preferring paper-based packaging materials that are recyclable or biodegradable, and are focusing on introducing new barrier technology to develop a coating that can be readily recycled.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the food contact paper market in the US from 2015-2019. To calculate the market size, this report considers revenue generated by vendors in the market through the sale of food contact paper.
Key Information Covered in the Report:
- Key Vendors:
- International Paper Co.
- Mondi plc
- Georgia-Pacific
- Market Growth Drivers:
- Growing adoption of paper packaging
- For a full detailed list, view our report.
- Market Challenges:
- Risk of contamination of packaged food
- For a full detailed list, view our report.
- Market Trends:
- Growing demand for biodegradable packaging products
- For a full detailed list, view our report.
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the paper market:
- Global Food Contact Paper Market 2014-2018
- Paper and Paperboard Container and Packaging Market in the APAC Region 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150520005490/en/
Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com