Global Market for Food Contact Paper & Board Forecast to Reach an Estimated $70 Billion by 2017

The global market for food contact paper and board is currently valued at over $53 billion and is forecast to grow by 6% annually, reaching an estimated $70 billion by 2017.

Regionally, the driver of this growth will be the Asia Pacific market, where Chinese consumption of these materials is expected to increase by almost 11% annually over the forecast period. This will be offset by sluggish development in European demand and relatively slow growth in other regions.

The Future of Food Contact Paper and Board to 2017 examines global market and technology trends for food contact paper and board and presents forecasts for the five-year period to 2017. Market forecasts are presented by geographic market, material and end-use sector. In addition to packaging markets, the report also includes an assessment of the future prospects for food contact paper and board in fast-growing markets such as chilled foods, takeaway foods and ready meals.

According to the study, the fresh produce sector will contribute the highest volume of additional demand in 2017 at 2.5 million tonnes, as compared with projected 2012 consumption, with dry groceries adding a further 1.8 million tonnes and liquid food and beverages yet another million tonnes. The total market will require an additional 7.5 million tonnes by 2017 to satisfy demand.

Share of additional volume demand for food contact paper and board by end-use sector, 2011-17

Global Market for Food Contact Paper & Board Forecast

Trends in favour of paper-based materials, driven by the global focus on sustainability, will increase demand for food contact paper and board by 4.6% during 2012, followed by a period of sustained growth approaching 6% annually on average over the period from 2012 to 2017. This will create a market of over 30 million tonnes of material, valued (at 2011 prices) at an estimated $70 billion in 2017.

By 2017 the end result of this burgeoning demand will be the need for over 7.5 million tonnes more material than is projected for 2012, adding almost $15 billion to the market value at 2011 prices.

Corrugated and Folding Carton Materials

Corrugated and folding carton materials took up almost 60% of the total market, while more than 30% of the volume was in kraft papers and the remainder in wrapping papers. Folding cartons are expected to retain their share of the total volume over the medium term, while slower growth in its end-use applications will see corrugated losing market share to wrapping papers over the review period.

The Future of Food Contact Paper and Board to 2017 is available now for £3950. For more information, contact Bill Allen (EU) on +44 (0)1372 802 086, ballen@smithers.com or Heather Adams (US) on +1 207 781 9632, hadams@smithers.com