Parchment Paper Market
Parchment Paper Market
The market for Parchment Paper was estimated at $1.51 billion in 2024; it is anticipated to increase to $2.5 billion by 2030, with projections indicating growth to around $3.8 billion by 2035.
Global Parchment Paper Market Outlook
Revenue, 2024 (US$B)
$1.5B
Forecast, 2034 (US$B)
$3.5B
CAGR, 2024 - 2034
8.7%
Market Size Forecast & Key Insights
- The Parchment Paper market is projected to grow from $1.5 billion in 2024 to $3.5 billion in 2034. This represents a CAGR of 8.7%, reflecting rising demand across Baking & Cooking, Craft & Decorative Uses and Food Packaging.
- U.S. and China are the top markets within the Parchment Paper market and are expected to observe the growth CAGR of 6.4% to 9.1% between 2024 and 2030.
- Emerging markets including Nigeria, Philippines and Vietnam are expected to observe highest growth with CAGR ranging between 8.4% to 10.9%.
- The Parchment Paper market is set to add $2.0 billion between 2024 and 2034, with manufacturer targeting Pharmaceutical & Cosmetics End-Users projected to gain a larger market share.
- With Surge in demand for environmentally friendly packaging materials, and Increase in home baking trends, Parchment Paper market to expand 130% between 2024 and 2034.
Opportunities in the Parchment Paper
Several leading companies in the food industry are beginning to establish partnerships with manufacturers of parchment paper. These collaborations have the potential to introduce creative applications of parchment paper in food packaging and presentation sectors. Consequently boosting the demand, for parchment paper further.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Surge in Demand for Environmentally Friendly Packaging Materials, and Technological Improvements in Parchment Paper Making
Restraint: Environmental Concerns
Opportunity: Eco-Friendly Technological Innovations and Emerging Markets
Challenge: Emergence of Healthier and Sustainable Alternatives
Supply Chain Landscape
Raw Material Sourcing
International Paper
Stora Enso
Manufacturing
Reynolds Consumer Products
Durable Packaging International
Distribution & Retailing
Amazon
Walmart
End User
Baking
Grilling
Food Packaging
Raw Material Sourcing
International Paper
Stora Enso
Manufacturing
Reynolds Consumer Products
Durable Packaging International
Distribution & Retailing
Amazon
Walmart
End User
Baking
Grilling
Food Packaging