The Food Contact Paper Market size was USD 79.24 billion in 2023 and is expected to Reach USD 114.02 billion by 2031 and grow at a CAGR of 4.65% over the forecast period of 2024-2031.
Food contact paper is a type of paper that is specifically intended for use with food. It is formed of many materials, such as wax, plastic, and paper. Food is wrapped, lined, and safeguarded using food contact paper. Labels and packaging for food are also made with it. Food contact paper must meet particular safety standards to ensure that dangerous substances are not transferred to food. The Food and Drug Administration (FDA) in the United States and various regulatory bodies in other nations determine these criteria.
Get More Information on Food contact paper Market - Request Sample Report
Food contact paper comprises Greaseproof paper, parchment paper, Kraft paper, and Glassine paper. Paper is one of the oldest materials for packaging utilized in food packaging. Paper is made from cellulose fibers sourced mostly from wood. Kraft paper segment dominates the market. The most common materials are greaseproof paper and parchment paper. These papers are non-stick and moisture-resistant. Both periodicals have risen in popularity among bakeries as a result of this. Consumers like glassine paper for wrapping meat, fries, and cheese.
The fresh product area, which includes vegetables, fruits, and perishable commodities, is likely to be the largest application sector. Following fresh products, the market has seen substantial growth in the Fresh Produce, Takeaway, and Vending Foods segments. meal contact paper usage is expected to rise in response to the rising demand for online meal delivery.
KEY DRIVERS
Increasing demand for packaged food
Stringent regulations on food safety
The key players as well as small-scale industries operating in the food industry, are adopting sustainable packaging and promoting eco-friendly packaging to their food products are positively impacting the market. The rise in demand is attributed to features such as biodegradability, recyclable and lightweight. Also, Food contact paper is also a flexible and cost-effective packaging choice for protecting, preserving, and delivering a variety of food goods. The growth in the food & beverage industry drives the major growth of the market.
RESTRAIN
Increasing concerns regarding the use of chemicals
These substances improve the paper's strength and durability and make it resistant to water and grease. However, some of these substances have been connected to diseases like cancer, damage to the reproductive system, and hormone instability. For instance, the chemical bisphenol A (BPA) is frequently used to make food contact paper clean and grease-resistant. BPA has been connected to a number of health issues, though, including breast cancer, heart disease, and issues with reproduction. Thus, the use of BPA in products that come into contact with food has been outlawed in several nations. Phthalates are yet another chemical that is frequently utilized in food contact paper. Phthalates are added to the paper to increase flexibility and durability.
OPPORTUNITY
Shifting consumer preference toward food & beverages home delivery
Growing demand for sustainable packaging
Many governments have set in place restrictions that limit the use of specific packaging materials, such as plastic. As a result, there is an increase in demand for packaging alternatives such as food contact paper. Many food and beverage firms are making investments in sustainable packaging options as part of their commitment to minimizing their negative environmental effects. The manufacturing of food contact paper has significantly improved, making it more robust and adaptable. This makes it a more alluring choice for food producers. Due to environmental concerns, there is a rising need for sustainable packaging. The need for food contact paper is being fueled by the availability of sustainable materials like recycled paper.
CHALLENGES
High cost of raw materials
Competition from other packaging materials
Competition for food contact paper comes from alternative packaging materials like plastic and metal. Plastic and metal packaging are traditional options for food contact paper. Compared to food contact paper, these materials may have some advantages, such as better moisture and grease resistance. Raw material prices, including the price of paper, might fluctuate. This may affect how profitable the market for food contact paper is.
The conflict between Ukraine and Russia has left an evident impact on every industry and has led to a slowdown in economic growth. The war has resulted in the evacuation of over 300 major Western corporations, as well as the widespread closure of packaging and manufacturing plants in Ukraine and Russia. Uncertainty about when it will cease to exist has also made some companies hesitant to halt operations, either reducing back or shutting them down. Supply chain disruption and energy crises have impacted global supply networks, affecting the transportation of various commodities in the paper industry. Prior to the war, paper imports were priced at INR 70,000 per tonne, but have since risen to INR 1,000,000 per tonne.
While a recession may have an influence on leisure expenditure, food packaging varies during the recession and often expands when people consume food at home. The cost of paper-based packaging, which is commonly acknowledged as one of the sustainable packaging solutions, has risen by approximately 15% since 2020.
Rising energy costs have generated tremendous uncertainty for European paper producers, and with another probable increase in crude oil prices, energy costs for paper packaging will rise by at least 4-5%. Not only that, but due to the anticipated increase in logistics expenses, production costs are predicted to rise by another 2 to 3%.
Fortunately, the price of 'Fibre,' which is the most essential pricing element, will not be affected in some of the countries that are not affected by the Russia-Ukraine war. Another extensively used resource for paper/corrugated boards, "corn starch," has seen an increase in price due to a lack of availability and strong demand.
by Type
Greaseproof paper
Parchment paper
Kraft paper
Glassine paper
by Application
Dairy products
Dry Groceries
Liquid food and drinks
Fresh Produce
Takeaway and vending Food
others
The Asia Pacific region is the largest market for food contact paper in the global market, due to increasing population, rising disposable income, and changing dietary habits. This is driving the demand for the food service packaging industry, which is used to package a variety of food products. This is to ensure the safety of food products for consumers. Food contact paper is required to meet these regulations, which is driving the demand for high-quality food contact paper. China is planning to ban single-use plastic by 2025 and replace them with sustainable bio-based products.
The North American market for food contact paper is the second largest in the world. Growing popularity of technologies in food packaging solutions including coated papers and laminated papers. The e-commerce market's growth may drive the market. This is leading to an increase in the demand for food contact paper, which is used to package food products that are sold online.
The European market for food contact paper is the third largest in the world. The European Union has implemented stringent regulations on food safety. Food contact paper can help to reduce food waste by extending the shelf life of food products.
The Latin American and Middle East & African market for food contact paper is the emerging market owing to the demand for snacks and confectionery which is used to package these products.
Get Customized Report as per Your Business Requirement - Request For Customized Report
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Mondi Plc, UPM Global, KRPA PAPER, SCG Packaging PCL, Seaman Paper Company, BPM Inc, Twin Rivers Paper Company, Westrock Company, Asian Pulp & Paper Company, and Nordic Paper and other key players are mentioned in the final report.
Mondi Plc- In 2023 Together, Mondi and Syntegon have created new dry food packaging made of recycled paper. For packaging dry food, Mondi employs EcoVantage Kraft paper, which contains recycled fibers.
Mondi Plc- In 2023 Mondi has collaborated with Noel Alimentaria, assisting them in their decision to employ a paper-based solution for food goods that significantly reduces the usage of plastic.
SCG Packaging PCL- In 2022 SCGP extends its high-quality versatile packaging business in Thailand in order to provide integrated solutions for packaging and fulfill ever-increasing demand.
Report Attributes | Details |
Market Size in 2023 | US$ 79.24 Bn |
Market Size by 2031 | US$ 114.02 Bn |
CAGR | CAGR of 4.65% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Type (Greaseproof paper, parchment paper, Kraft paper, Glassine paper) • By Application (Dairy products, Dry Groceries, Liquid food and drinks, Fresh Produce, Takeaway, and vending Foods, and others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | Mondi Plc, UPM Global, KRPA PAPER, SCG Packaging PCL, Seaman Paper Company, BPM Inc, Twin Rivers Paper Company, Westrock Company, Asian Pulp & Paper Company, and Nordic Paper |
Key Drivers | • Increasing demand for packaged food • Stringent regulations on food safety |
Market Restraints | • Increasing concerns regarding the use of chemicals |
Ans. Asia Pacific is the fastest-growing region of the Food Contact Paper Market.
Ans. USD 114.02 billion is the projected Food Contact Paper Market size of the market by 2031.
Ans. Challenges are the High cost of raw materials and competition from other packaging materials
Ans. USD 79.24 billion was the market size of the Food Contact Paper Market in 2023.
Ans. The CAGR of the Food Contact Paper Market over the forecast period is 4.65%.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Food Contact Paper Market Segmentation, By Type
8.1 Greaseproof paper
8.2 Parchment paper
8.3 Kraft paper
8.4 Glassine paper
9. Food Contact Paper Market Segmentation, By Application
9.1 Dairy products
9.2 Dry Groceries
9.3 Liquid food and drinks
9.4 Fresh Produce
9.5 Takeaway and Vending Food
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Food Contact Paper Market by Country
10.2.2North America Food Contact Paper Market by Type
10.2.3 North America Food Contact Paper Market by Application
10.2.4 USA
10.2.4.1 USA Food Contact Paper Market by Type
10.2.4.2 USA Food Contact Paper Market by Application
10.2.5 Canada
10.2.5.1 Canada Food Contact Paper Market by Type
10.2.5.2 Canada Food Contact Paper Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Food Contact Paper Market by Type
10.2.6.2 Mexico Food Contact Paper Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Food Contact Paper Market by Country
10.3.1.2 Eastern Europe Food Contact Paper Market by Type
10.3.1.3 Eastern Europe Food Contact Paper Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Food Contact Paper Market by Type
10.3.1.4.2 Poland Food Contact Paper Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Food Contact Paper Market by Type
10.3.1.5.2 Romania Food Contact Paper Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Food Contact Paper Market by Type
10.3.1.6.2 Hungary Food Contact Paper Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Food Contact Paper Market by Type
10.3.1.7.2 Turkey Food Contact Paper Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Food Contact Paper Market by Type
10.3.1.8.2 Rest of Eastern Europe Food Contact Paper Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Food Contact Paper Market by Country
10.3.2.2 Western Europe Food Contact Paper Market by Type
10.3.2.3 Western Europe Food Contact Paper Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Food Contact Paper Market by Type
10.3.2.4.2 Germany Food Contact Paper Market by Application
10.3.2.5 France
10.3.2.5.1 France Food Contact Paper Market by Type
10.3.2.5.2 France Food Contact Paper Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Food Contact Paper Market by Type
10.3.2.6.2 UK Food Contact Paper Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Food Contact Paper Market by Type
10.3.2.7.2 Italy Food Contact Paper Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Food Contact Paper Market by Type
10.3.2.8.2 Spain Food Contact Paper Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Food Contact Paper Market by Type
10.3.2.9.2 Netherlands Food Contact Paper Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Food Contact Paper Market by Type
10.3.2.10.2 Switzerland Food Contact Paper Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Food Contact Paper Market by Type
10.3.2.11.2 Austria Food Contact Paper Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Food Contact Paper Market by Type
10.3.2.12.2 Rest of Western Europe Food Contact Paper Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Food Contact Paper Market by Country
10.4.2 Asia Pacific Food Contact Paper Market by Type
10.4.3 Asia Pacific Food Contact Paper Market by Application
10.4.4 China
10.4.4.1 China Food Contact Paper Market by Type
10.4.4.2 China Food Contact Paper Market by Application
10.4.5 India
10.4.5.1 India Food Contact Paper Market by Type
10.4.5.2 India Food Contact Paper Market by Application
10.4.6 Japan
10.4.6.1 Japan Food Contact Paper Market by Type
10.4.6.2 Japan Food Contact Paper Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Food Contact Paper Market by Type
10.4.7.2 South Korea Food Contact Paper Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Food Contact Paper Market by Type
10.4.8.2 Vietnam Food Contact Paper Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Food Contact Paper Market by Type
10.4.9.2 Singapore Food Contact Paper Market by Application
10.4.10 Australia
10.4.10.1 Australia Food Contact Paper Market by Type
10.4.10.2 Australia Food Contact Paper Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Food Contact Paper Market by Type
10.4.11.2 Rest of Asia-Pacific Food Contact Paper Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Food Contact Paper Market by Country
10.5.1.2 Middle East Food Contact Paper Market by Type
10.5.1.3 Middle East Food Contact Paper Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Food Contact Paper Market by Type
10.5.1.4.2 UAE Food Contact Paper Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Food Contact Paper Market by Type
10.5.1.5.2 Egypt Food Contact Paper Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Food Contact Paper Market by Type
10.5.1.6.2 Saudi Arabia Food Contact Paper Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Food Contact Paper Market by Type
10.5.1.7.2 Qatar Food Contact Paper Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Food Contact Paper Market by Type
10.5.1.8.2 Rest of Middle East Food Contact Paper Market by Application
10.5.2 Africa
10.5.2.1 Africa Food Contact Paper Market by Country
10.5.2.2 Africa Food Contact Paper Market by Type
10.5.2.3 Africa Food Contact Paper Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Food Contact Paper Market by Type
10.5.2.4.2 Nigeria Food Contact Paper Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Food Contact Paper Market by Type
10.5.2.5.2 South Africa Food Contact Paper Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Food Contact Paper Market by Type
10.5.2.6.2 Rest of Africa Food Contact Paper Market by Application
10.6 Latin America
10.6.1 Latin America Food Contact Paper Market by Country
10.6.2 Latin America Food Contact Paper Market by Type
10.6.3 Latin America Food Contact Paper Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Food Contact Paper Market by Type
10.6.4.2 Brazil Food Contact Paper Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Food Contact Paper Market by Type
10.6.5.2 Argentina Food Contact Paper Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Food Contact Paper Market by Type
10.6.6.2 Colombia Food Contact Paper Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Food Contact Paper Market by Type
10.6.7.2 Rest of Latin America Food Contact Paper Market by Application
11 Company Profile
11.1 Mondi Plc
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Twin Rivers Paper Company
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Westrock Company
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Asian Pulp & Paper Company
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Nordic Paper
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 UPM Global
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 KRPA PAPER
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 SCG Packaging PCL
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Seaman Paper Company
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 BPM Inc
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Reclaimed Rubber Market Size was valued at USD 1.2 Billion in 2023 and will reach USD 3.1 Billion by 2032 and grow at a CAGR of 11.2% by 2024-2032.
The Self Compacting Concrete Market Size was valued at USD 13.4 billion in 2023 and is expected to reach USD 26.5 billion by 2032 and grow at a CAGR of 7.9% over the forecast period 2024-2032.
The Organosilicon Polymers (Polysiloxane) Market Size was valued at USD 1.77 billion in 2022, and expected to reach USD 2.48 billion by 2030, and grow at a CAGR of 4.3% over the forecast period 2023-2030.
The Cosmetic Preservative Market Size was valued at USD 439.1 Million in 2023 and will hit USD 780.6 Billion by 2032 & grow at a CAGR of 6.6% by 2024-2032.
The Acid Dyes Market Size was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.5 billion by 2032 and grow at a CAGR of 5.7% over the forecast period 2024-2032.
The Squalene Market size was valued at USD 150.26 million in 2023 and is expected to grow to USD 341.24 million by 2031 and grow at a CAGR of 10.8% over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone