The parchment paper market is expected to grow from USD 1.474 billion in 2025 to USD 1.894 billion in 2030, at a CAGR of 5.14%.
Parchment paper is a cellulose-based blend that has undergone processing to give it extra qualities like endurance in a damp state, non-stickiness, and grease protection. It is frequently used as a throwaway non-stick surface during processes like baking as grease-resistant paper. Unbleached and grease-resistant paper that is devoid of chlorine and offers great density and non-stick qualities is typically used to make parchment paper. Parchment paper is frequently used by bakers, chefs, and private individuals since it complies with all legal requirements, including FDA clearances. Due to the adoption of rigorous environmental protection laws, particularly those pertaining to the use of plastics and other substances, eateries, bakeries, and food delivery firms are switching from non-biodegradable food packaging to parchment paper. With the fast growth of the food service sector, sales in China and India are anticipated to increase rapidly. A significant environmental concern is a rise in plastic debris, which can cause environmental pollution. For instance, the CPCB (Central Pollution Control Board) estimates that every day, almost 4 million tonnes of trash is dumped, of which 15% is made up of plastics. These aspects are anticipated to increase consumer demand for biodegradable and recyclable products like parchment paper, which is anticipated to propel the market's expansion.
It is anticipated that the baking and confectionery industry will account for a sizable portion of the parchment paper market. It has been observed that when living and dietary patterns change, so does the demand for bakery goods among people. Because it resists oil and is non-stick, parchment paper guarantees the standard of food items. Consequently, the confectionery and bakery industry is anticipated to expand steadily during the period of forecasting in the worldwide parchment paper market. Additionally, it is anticipated that various firms' market operations will advance the industry. For example, Nordic Paper AS launched a campaign in 2020 that was directed toward professional bakers. Since many baking sheets include fluorochemicals that could transfer to baked products, bakers are picky about the substances they put in their items. Nordic Paper initiated a campaign in conjunction with the National Swedish Baking Team to prevent this, and it was successful in boosting sales of unbleached parchment paper throughout Europe.
Over the course of the forecasted period, Asia Pacific is expected to have a steadily growing parchment paper market. This is primarily because end-use sectors like food and beverage and baking are experiencing an increase in demand for convenience foods, which in turn is fueling the expansion of the parchment paper market in developing nations like China and India. For instance, the Chinese Bureau of Statistics reports that in 2021, household spending on food increased by around 12.2% to account for roughly 29.8% of total expenditures. Additionally, parchment paper is utilized in the culinary and pastry industries as candy and taffy wrapping, pan covers, and baking sheets.
The market for parchment paper is quite cutthroat, with numerous national and global firms vying for market dominance. In order to increase their product manufacturing capacity, product range, and global presence, many companies in the parchment paper market are pursuing strategic alliances and development with other producers. For instance, Solo, one of India's top premium stationery brands, introduced the "TopCare" line of products in August 2020 to support hygienic and environmentally friendly food packing. Baking and frying paper were the first items in the product portfolio, along with food wrapping. In addition, JK Paper and the Gujarat government passed a USD 201.7 million MOU in July 2019 to establish a cutting-edge plant with a 300,000 TPA output to support the modernization and extension of the Songadh business. This increased the manufacture of food packaging paper, which helped the Indian region's consumption requirements for parchment paper.
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