Parchment Paper Market
The market for Parchment Paper was estimated at $1.5 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
Forecast, 2034
CAGR, 2025 - 2034
The Parchment Paper industry revenue is expected to be around $1.6 billion in 2025 and expected to showcase growth with 8.7% CAGR between 2025 and 2034. The steady rise in the parchment paper market showcases its importance across different sectors such as cooking and baking among others. Parchment paper remains thanks to its non stick properties and ability to withstand heat effectively while being reusable too which makes it favored in these fields of work. Furthermore. its eco friendly nature as a biodegradable and compostable material highlights how parchment paper contributes to practices, in various industries.
The qualities of parchment paper such as its strength against wear and tear and ability to withstand temperatures while offering a surface that prevents sticking make it a versatile choice for various users in settings like commercial kitchens and households alike. Its widespread uses include baking in ovens or wrapping food items securely for storage purposes along with being utilized for endeavors like arts and crafts projects. Current trends indicate a noticeable increase in do it yourself pursuits and a renewed interest in home baking activities have contributed to the growing popularity of parchment paper, among consumers.
Market 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.
- Reynolds Consumer Products, Georgia-Pacific Consumer Products, Canson Inc. are among the leading players in this market, shaping its competitive landscape.
- 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%.
- Transition like Baking Revolution is expected to add $91 million to the Parchment Paper market growth by 2030.
- 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.