Sandwich and Wrap Packaging Market: An Overview
Consumers are inclining more towards ready to eat foods, and on the go foods because of the hectic schedule, owing to the change in lifestyle patterns and growing disposable incomes and also the increase in the number of working people specifically in the urban areas who are preferring to take food on the go or packed frozen foods. This pattern of lifestyle is becoming the new normal around the globe which is anticipating the growth of sandwich and wrap packaging market.
Sandwich and wrap packaging is generally made up of plastics and biodegradable materials but nowadays due to sustainable practices, consumers and manufacturers are preferring paper-based wrapping solution for sandwich and wrap packaging. The raw materials used are Kraft paper, and other specialty papers including, wax paper, & foil paper whose thickness vary 30 to 50 GSM.
Sandwich and Wrap Packaging Market: Dynamics
Sandwich and wrap packaging is gaining a decent growth rate all over the globe because of the primary applications such as sandwiches, burgers, pizza, wraps & rolls, chicken, other snack foods. The food and beverage industry is booming exponentially which directly anticipates the growth of the food packaging industry specifically the sandwich and wrap packaging industry. Foodservice multinational companies such as KFC, Subway, Burger King and many others have already adopted recyclable sandwich and wrap packaging which is attracting millions of consumers as recyclable packaging creates a good brand image.
The intense competition in the market is because of the millions of tonnes of packaging is supplied every day to the above mentioned multinational companies.
Opportunities for sandwich and wrap packaging in the market is expanding into many other restaurants, café and even this wrapping can be used in other industries such as in pharmaceuticals and household items.
The restraints that can be considered in the growth of the sandwich and wrap packaging market is that some packaging products can be reused depending on what type of food is packed. This might limit the usage of the sandwich and wrap packaging but as there is an immense need for this packaging in the market that its usage cannot be avoided.
Sandwich and Wrap Packaging Market: Segmentation
Sandwich and Wrap Packaging Market can be segmented by product wall type, wall size, application, and end-user.
By Product Type, Sandwich and Wrap Packaging Market can be segmented as
- Kraft paper
- Greaseproof paper
- Wax paper
- Foil paper
- Aluminium foil
By Product thickness, Sandwich and Wrap Packaging Market can be segmented as
- Plastic & Aluminium Foil
- Below 8 Microns
- 8 to 14 Microns
- 14 to 20 Microns
- 20 Microns & Above
- Above 50 GSM
- 30 to 50 GSM
- Up to 30 GSM
By Application, Sandwich and Wrap Packaging Market can be segmented as
- Wraps & Rolls
- Other Snack Food
By End User, Sandwich and Wrap Packaging Market can be segmented as
- Fast Food Outlets
- Airline & Railway Catering
Sandwich and Wrap Packaging Market: Regional Outlook
Sandwich and wrap packaging is mostly used in the North American region as it accounts as the largest user of this packaging even in terms of manufacturing because of the lifestyle pattern and also the sophisticated way of consuming food. Consumers spend a huge chunk of money on fast food which also drives the food packaging market. North America is followed by Europe because of the same living lifestyle as in North America but the population is less comparatively which makes North America as the market leader.
Developing countries in the Asia Pacific and MEA region has less consumption compared to other regions such as Saudi Araba, UAE, India, Brazil, Mexico and many others there are better growth opportunities for the sandwich and wrap packaging market due to the changing lifestyle pattern and also the increasing penetration of the food and beverage industry in the untapped market.
Sandwich and Wrap Packaging Market: Key Players
Key players in the Sandwich and Wrap Packaging Market are:
- Berry Global Inc.
- Delfort Group
- Georgia-Pacific LLC
- Twin Rivers Paper Company
- Hindalco Industries Limited
- Huhtamaki Oyj
- Mitsubishi HiTec Paper
- Amcor plc
- Mondi Group
- Thong Guan Industries Berhad
- The Clorox Company
- United Company RUSAL Plc
- Hulamin Limited
- Anchor Packaging Inc.
- Harwal Group
- Oji Holdings Corporation
- S. C. Johnson & Son Inc.
- Nordic Paper AS
- Advanced Coated Products Ltd. (The Food Wrap Co.)
- Pudumjee Paper Products Ltd.
- KRPA Holding CZ a.s.
- BPM Inc.
- Seaman Paper Company
- Schweitzer-Mauduit International Inc.
The report sandwich and wrap packaging is a compilation of first-hand information qualitative and quantitative assessment by industry analysts inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing Sandwich and Wrap Packaging dynamics in the industry
- In-depth Sandwich and Wrap Packaging segmentation
- Historical current and projected market size regarding volume and value
- Recent industry trends and developments in the pharmaceutical cold chain packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.