Vegetable parchment paper is a heat-resistant paper made from plant fibers that closely resembles parchment. It is widely used in food applications such as baking, wrapping foods to retain moisture and flavor. The vegetable parchment paper prevents oxidation and allows the consumer to see the color and appearance of food items. The global vegetable parchment paper market is estimated to be valued at US$ 1.33 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing focus on sustainable packaging solutions: Vegetable parchment paper is a more eco-friendly alternative to regular plastic films and aluminum foils used in food packaging. It is biodegradable and compostable. The growing consumer demand for sustainable packaging has prompted manufacturers to increasingly utilize vegetable parchment paper. Its recyclable nature and plant-based fibers add to its green credentials. This rising focus on sustainability is fueling the demand for vegetable parchment paper in the food industry.
SWOT Analysis:
- Strength: Vegetable parchment paper is durable and heat resistant, making it suitable for various baking applications. It also provides a non-stick surface for baking and food preparation.
- Weakness: Vegetable parchment paper is more expensive than regular parchment paper and baking paper. It requires stronger acids for production which increases costs.
- Opportunity: Increasing demand for convenient and easy to use sustainable baking products from food manufacturers as well as home bakers offers growth prospects.
- Threats: Availability of substitute products like aluminum foil and wax paper pose competition in the market. Stringent regulations regarding use of chemicals in food packaging are a challenge.
Key Takeaways
The global vegetable parchment paper market is expected to witness high growth. Regional analysis related content comprises the Asia Pacific region dominates the global market and is expected to maintain its lead over the forecast period. Countries like China, India, and Japan are major consumers in the region.
Key players related content comprises Key players operating in the vegetable parchment paper market are Amol Paper Mills Pvt. Ltd, Kalpataru, Livriite Ventures, JK Paper, Black Label Paper Company, Nordic Paper, Shaoxing Tianming PaperIndustry CO.,LTD, Sunrise Papers., Rockdude Impex Pvt. Ltd., Kraft Interactions., Taian Baichuan Paper KK, McNairn Packaging., COREX Group and Scan Holdings.
The global vegetable parchment paper market is segmented based on thickness which includes less than 30 gsm, 30-60 gsm, 60-100 gsm, and more than 100 gsm. Among these, the 30-60 gsm paper provides optimum strength and printability for packaging applications and holds a significant market share.
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