The global demand for Paper And Paperboard Trays Market is presumed to reach the market size of nearly USD 8.72 MN by 2028 from USD 5.5 MN in 2021 with a CAGR of 6.8% under the study period 2022 - 2028.
Paper and paperboard trays refer to the packaging products used in the packaging of different on-the-go food and on-the-shelf food products. They are also used for packaging consumer electronics such as laptops, smartphones, printers etc., cosmetics and healthcare tools and equipment. Virgin fibre is widely used for manufacturing paper and paperboard trays. Besides maintaining safety regulations for the food, it takes care of taint, odour and possible migration issues. It contains high strength and has a lower risk of breakage. It is also used for cushioning the different products to ensure product safety while in transit.
Market Dynamics
The key factor driving the demand for the paper and paperboard trays market is the growing demand for sustainable and flexible packaging solutions in district industries. The increasing demand for lower-cost paperboard packaging in the food and beverage industries is surging the demand for this market. Rising environmental concerns all over the globe are propelling the demand for this market. Increasing emphasis on the use of recyclable products by government and other regulatory bodies coupled with stringent regulations regarding the use of sustainable products are fostering the demand for this market. The rising investments in paper and paperboard trays are amplifying the demand for this market. The growing flexible paper packaging in developing regions is anticipated to fuel the growth of this market in the upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of paper and paperboard trays. The growth and trends of paper and paperboard trays industry provide a holistic approach to this study.
Market Segmentation
This section of the paper and paperboard trays market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
- Virgin Fiber
- Recycled Fiber
By Application
- Food And Beverages
- Consumer Electronics
- Personal Care And Cosmetics
- Healthcare
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Paper And Paperboard Trays market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Paper And Paperboard Trays Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the paper and paperboard trays market include Huhtamaki, Mondi, Pactiv Evergreen Inc., UFP Technologies, Inc., Hartmann, Orcon Industries, International Paper, Athena Superpack Private Limited, PaperTech. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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