The global Greaseproof Paper market was valued at 75.97 Million USD in 2021 and will grow with a CAGR of 5.35% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Greaseproof paper is paper that is impermeable to oil or grease and is normally used in cooking or food packaging. Normally greaseproof paper is produced by refining the paper stock and thus create a sheet with very low porosity. This sheet is super calendared to further improve the density, creating a paper called glassine. The glassine is treated with starches, alginates or CMC in a size press to fill pores or treat the paper chemically to make it fat repellent. Basis weights are usually 30-50 g/m?.The market has long been stable and has recently seen an upturn due to the increased consumption of various types of cupcakes and muffins, and with the increasing price trend of raw Materials, the greaseproof paper companies may increase the price along to keep the profit. According to the statistical data, demand cannot be satisfied with supply. Worldwide greaseproof paper demand will keep high speed growth. Regionally, the driver of this growth will be the Asia Pacific market, where Chinese consumption of greaseproof paper is expected to increase by almost 9% annually over the forecast period. This will be offset by relatively stable development in European demand and slow growth in other regions. The biggest market drivers are expansion and increase in the number of food service outlets and innovation of environmental friendly new products. Steady growth of the primary end-users for greaseproof paper will also help the market to grow over the future period. Major challenge inhibiting the growth of the global greaseproof paper market is the development of substitutes like wax paper, and interference of poor quality products in market.
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Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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