The global fast food wrapping paper market is
witnessing a solid expansion, thanks to growing demand for fast foods
and growth of e-commerce. The global fast food wrapping paper market
depicts a competitive and fragmented landscape, reports Transparency
Market Research (TMR). Some key players in the global fast food wrapping
paper market are Delfort Group, Berry Global, Inc., Twin Rivers Paper
Company, Georgia-Pacific LLC, Huhtamaki Oyj, Hindalco Industries
Limited, and Mitsubishi Chemical Holdings Limited.
The global fast food wrapping market is
expected to expand significantly, thanks to growing advancements in
packaging materials and marketing techniques. For example, in Japan
wrapping paper for regional dishes embeds a signature style of the
region, attracting tourists for a free souvenir. Additionally, material
advances such as the use of banana pseudo stems and polymer treatments
have displayed promising results. Polymer treatment shows promise in
making grease proof and water proof for ideal fast food wrappings.
Growing focus on research and development is expected to create
significant opportunities in the fast food wrapping paper market in the
near future.
The global fast food wrapping paper
market is expected to exhibit a solid growth during 2018-2026, growing
at a steady 2.8% CAGR. Rising consumption of fast food products is
expected to play a key role in the growth of the market. Additionally,
growing demand for burgers is expected to emerge as a boon to growth.
Burgers make for an ideal type of product for paper wrappings. Moreover,
sandwiches are likely to emerge as a dominant force for growth in the
global fast food wrapping market.
The global fast food wrapping market is
expected to witness robust growth in Asia Pacific, registering 4.2%
CAGR. Introduction of fast food products like burgers, sandwiches, and
growing disposable income in the region is expected to drive significant
demand in the region.
Fast food chains like McDonalds, Subway,
and KFC are expanding their footprints globally. These fast food chains
use large amounts of paper wrappings for their products. For example,
Subway mainly serves their large subs in paper wrappings for convenience
and with branded packaging. Additionally, due to increasing
globalization, these chains are gaining increased grounds in Asia. The
rising disposable income here and growth of new lifestyle involving a
lot more outdoor eating is a boon for the fast food wrapping paper
market. The low costs of paper wrappings and printing options for
branding, are expected to create new opportunities for the global fast
food wrapping paper market in the near future.
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