Reusable Food Wrap Market: Introduction
- Reusable food wrap is an ecofriendly, sustainable alternative to plastic wrap. It is used for wrapping snacks, breads, cheese, and more. The material used for manufacturing reusable food wrap mainly contains beeswax, pine resin, organic cotton, and jojoba oil.
- Reusable food wraps can be washed with cold water and soap. It is healthier to wrap food in reusable food wraps rather than in plastic wrap. In the near future, reusable food wraps are expected to replace plastic wraps due to growing environmental concerns.
- Rapid change in lifestyle and growth in disposable income has led to increase in demand for innovative products. Many people living in urban areas are aware of the harmful effects of plastic and its non-degradable property. Considering these factors, the reusable food wrap market is expected to grow during the forecast period.
Key Drivers, Restraints, and Opportunities of the Global Reusable Food Wrap Market
- Reusable food wraps are 100% natural, keeps the food fresh, and are biodegradable. The use of reusable food wraps by the food & beverage industry is likely to create awareness and increase their demand globally during the forecast period.
- Reusable food wraps can be made at home and thus might increase their awareness and usage which will have a positive impact on the global reusable food wrap market. Consumers pay extra attention to the packaging of a product which is expected to lead to the demand for reusable food wraps during the forecast period.
- Developments by manufacturers to make reusable food wraps economical is important for market growth and is also set to generate various global opportunities. Manufacturers are producing wraps with various designs and patterns in order to attract consumers of all age groups.
- Many people are unaware about reusable food wraps. Lack of awareness could act as a restraint to the market. Also, reusable food wraps are expensive and cannot be afforded by many consumers. They are also unsuitable for certain types of food.
- Growth of the working population, rise in educational facilities, and increasing health concerns are expected to lead to rise in demand for reusable food wraps during the forecast period.
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North America to Lead the Global Reusable Food Wrap Market
- Geographically, the global reusable food wrap market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
- North America has witnessed substantial growth in the food & beverage industry along with rise in industrialization. The region is expected to hold majority of share in the global reusable food wrap market.
- In Asia Pacific, developing economies such as India, China, and Indonesia will be key markets after North America for reusable food wraps due to growing urbanization and increasing health awareness. Rapid growth in commercial activities in Middle East & Africa is set to provide good business opportunities to the market.
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Key Manufacturers Operating in the Global Reusable Food Wrap Market
The reusable food wrap market is fragmented with the presence of many regional and household manufacturers.
Leading players operating in the global reusable food wrap market include:
- Keep Leaf
- The Beeswax Wrap Company Ltd
- ONYA LIFE
- Abeego Designs Inc.
- Wrap-N-Mat, Inc.
- LilyBee Wrap.
- Eco Snack Wrap
- Hexton Bee Company