Parchment Paper Market Size Worth $1,698.73 million By 2032 | CAGR: 5.5%

The global parchment paper market size is expected to reach USD 1,698.73 million by 2032, according to a new study by Polaris Market Research. The report “Parchment Paper Market Share, Size, Trends, Industry Analysis Report, By Product Type (Bleached, Unbleached); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market witnessed growth due to increasing demand for sustainable packaging solutions. The increasing awareness about the harmful effects of plastic packaging on the environment has led to a shift towards sustainable and eco-friendly packaging solutions. Being eco-friendly and safe for food packaging, parchment paper has become a popular choice among consumers. The growing trend of home cooking and baking, especially during the COVID-19 pandemic, has further boosted the demand for parchment paper.

Additionally, leading companies in the market focus on developing and offering eco-friendly parchment paper to meet the changing consumer demands. For instance, If You Care, a leading brand offers unbleached, chlorine-free parchment paper that is non-toxic and safe for food packaging. Reynolds Consumer Products, a global leader in consumer products, offers unbleached parchment paper that is compostable and made from responsibly sourced wood fibers. The brand promotes its parchment paper as a sustainable and safe option for baking and cooking purposes.

The COVID-19 pandemic has harmed the parchment paper market, reducing demand from the food service industry and increasing raw material and transportation costs. However, the pandemic has also shifted towards sustainable and eco-friendly packaging solutions, benefiting the market. Companies like Georgia-Pacific and Nordic Paper have adapted to the challenges posed by the pandemic by ramping up production, implementing safety measures, and continuing sustainability efforts. Despite these challenges, the parchment paper market is expected to continue its growth trajectory in the coming years, driven by increasing consumer demand for sustainable and eco-friendly packaging solutions.

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Companies are focusing are introducing innovative special papers, driving the market forward. In January 2023, McNairn Packaging completed the acquisition of Specialty Paper, which focuses on the baking rolls of silicone parchment & accessories for home decor & kitchen. McNairn is expanding its product offerings in the market, particularly for consumer use. Similarly, in January 2023, Ahlstrom developed a new generation of sustainable, grease-resistant packaging solutions with its FluoroFree technology that meets the compositional requirements for food contact papers under FDA and EU regulations.

Parchment Paper Market Report Highlights

• Un-bleached segment held a substantial share in 2022, owing to its eco-friendly nature & safety features.
• The baking and confectionery segment is a major contributor to the market, driven by changes in lifestyle and dietary patterns that increase the demand for bakery goods.
• Asia Pacific region is expected to see the fastest growth in due to increasing demand for convenience products and the rise in the food service industry.
• The global players include Reynolds Consumer, Pactiv LLC, Delfort Group, Nordic Paper, Krpa Paper., Ahlstrom-Munksjo, & others.

Polaris Market Research has segmented the Parchment Paper market report based on product type, application, and region:

Parchment Paper, Product Type Outlook (Revenue, USD Million, 2019 - 2032)

• Bleached
• Unbleached

Parchment Paper, Application Outlook (Revenue, USD Million, 2019 - 2032)

• Bakery and Confectioners
• Food packaging
• Others

Parchment Paper, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Parchment Paper Market Report Scope