Worldwide Market Reports added Latest Research Report titled “Vegetable Parchment Paper Market – Size, Share, Outlook, and Forecast till 2026” to its Large Report database.
Parchment paper is a paper that is highly resistant to grease and water, and resembles parchment. This paper is used as a food wrapper, and is manufactured through a process that involves passing of unsized paper through sulfuric acid to gelatinize its surface, followed by a streak of washing and drying. Parchment paper is manufactured by the process called parchmentising of paper, which involves partial dissolving of fibers at the base of the paper, further causing them to become intermeshed and packed.
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The paper exhibits properties such as low air permeability and high chemical purity, which in turn, boosts demand for this paper among food manufacturers, thus boosting growth of the parchment paper market.
Furthermore, growing food and beverages industry, in turn, is expected increasing the demand for vegetable parchment paper for protection and internal packaging purposes. Increasing demand for food products globally, is thus expected to boost growth of the vegetable parchment paper market.
Ahlstrom-Munksjö, provider of fiber-based materials for applications such as filters, medical fabrics, life science and diagnostics, wallcoverings, and food packaging, announced investment of around US$ 28 million in its filteration and performance business area, so as to meet the growing demand for industrial filtration solutions. The project is expected to be completed by 2020.
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In July 2017, Nordic Paper, a Sweden-based company producing kraft and greaseproof paper, announced that China-based Anhui Shanying Paper signed an agreement to purchase 100% of the shares in Nordic Paper. Anhui Shanying Paper is part of the Taison Group. According to Nordic Paper, its core business comprises recycled fiber trading, kraft paper manufacturing, packaging, design, printing, and logistics. The sellers are Specials Situation Venture Partner III and Petek GmbH, which hold 60% and 40% of the shares in Nordic Paper, respectively. The transaction is subject to approval by Chinese authorities and Anhui Shanying Papers’ sharesholders. Such acquisitions will in turn, help boost growth of the vegetable parchment paper market.
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