Fast Food Wrapping Paper Market: Technological Advancements And Move Towards Digital World Driving Revenue Growth 2017 - 2026
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.
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 a Major Draw for the Fast Food Wrapping Paper Market
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.
However, breakability of paper wrappings and unease of handling greasy food products can limit the growth of the fast food wrapping paper market.
Comments
Post a Comment