Paper and Paperboard Trays Market Size, Share and Forecast to 2028
The paper and paperboard trays market is projected to reach US$ 7,694.18 million by 2028 from US$ 5,195.24 million in 2021; it is expected to register a CAGR of 5.8% from 2021 to 2028.
Paper and paperboard trays are packaging products generally used for packaging fresh fruits and vegetables, eggs, salads, dry fruits, and other food and beverage products. These trays are also being used for packaging of consumer electronic products such as mobiles, laptops, earphones, printers, cosmetics and personal care products, healthcare tools and equipment, and consumer goods such as glassware and jewellery. These trays are made of virgin or recycled fiber. They offer cushioning to products inside the package to ensure their safety in transit.
In 2020, Asia Pacific held the largest revenue share of the global paper and paperboard trays market. The market for paper and paperboard packaging across Asia Pacific has witnessed a notable growth owing to rapidly expanding packaging industry, growth of food retail and foodservice sector, and rising consumer awareness about sustainable packaging solutions across the region. The foodservice sector in Asia Pacific is expanding owing to growth in the tourism sector and improving lifestyles of consumers, as well as rising disposable income levels. Manufacturers of paper and paperboard trays are largely focusing on expanding their operations across Asia Pacific owing to the presence of a large customer base, cheap infrastructure and labor facilities, abundant availability of resources, and free trade policies. This factor is expected to open lucrative opportunities for manufacturers in coming years.
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Paper and Paperboard Trays Market: Strategic Insights
Market Size Value in US$ 5,195.24 million in 2021 Market Size Value by US$ 7,694.18 million by 2028 Growth rate CAGR of 5.8% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Paper and Paperboard Trays Market: Strategic Insights
| Market Size Value in | US$ 5,195.24 million in 2021 |
| Market Size Value by | US$ 7,694.18 million by 2028 |
| Growth rate | CAGR of 5.8% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Paper and Paperboard Trays Market
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants in regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing capabilities, delivery schedules, and sales of various goods. The pandemic has directly affected the production and demand, which has led to supply chain and market disruption, and has subsequently impacted the financial status of the firms and the global economy. Packaging is one of the major industries suffering serious disruptions such as supply chain breaks and shutdowns of production plants.
With the spread of COVID 19 across the globe, most countries declared a health emergency and stopped unessential movements, thereby impacting heavily on the supply chain of goods. Disruptions in the supply chain caused slowdowns. Manufacturing facilities hustled to make changes due to social distancing, causing more disruption and slowdowns. Paper and paperboard industry may continue to see weak or broken links in their supply chains. Moreover, self-isolation has resulted in short supply and plethora of manufacturing units is sourcing supply chains away from China.
Market Insights
Growing Demand for Sustainability Products to Drive Paper and Paperboard Trays Market
The rising global demand for sustainable and flexible packaging applications in several industries, notably the food and beverages sector, is a crucial factor driving the global paper and paperboard trays market. The growing demand for cost-effective paperboard packaging for food and drinks is also another vital factor stoking the demand for paper and paperboard trays. Governments and other regulatory bodies are emphasizing the use of recyclable products owing to the growing environmental concerns. Moreover, they have laid down stringent regulations pertaining to the use of sustainable product, which is one of the prominent factors propelling the growth of the paper and paperboard trays market.
Material Insights
Based on material, the global paper and paperboard trays market is divided into virgin fiber and recycled fiber. The virgin fiber segment held a larger share of the global paper and paperboard trays market in 2020. Virgin fiber is obtained from the pulp of fresh wood. The paper made from virgin fiber is free from recycled materials. Virgin fibers are widely used in the packaging industry to manufacture paper and paperboard products. Paperboard trays used for packaging food products such as fruits, eggs, and vegetables are made using virgin fibers because they ensure food safety by preventing taint, odor, and migration issues, as well as meet the food safety regulations. Virgin fibers have high strength and are not easily susceptible to breakage.
Application Insights
Based on application, the global paper and paperboard trays market is categorized into food and beverages, consumer electronics, personal care and cosmetics, healthcare, and others. The food and beverages segment held the largest share of the global paper and paperboard trays market in 2020. Paper and paperboard trays have been widely used for packaging food products such as eggs, fresh fruits and vegetables, and salad. These trays provide cushioning to delicate surface of these products to ensure safety during transportation. Paper and paperboard trays ensure proper ventilation inside the package to keep the food products fresh. Moreover, these trays ensure food safety by protecting the food from contamination and odor. They also meet the food safety regulations, making them one of the most preferred packaging alternatives across the food & beverages industry.
Huhtamaki; Mondi; Pactiv Evergreen Inc.; UFP Technologies, Inc.; Hartmann; Orcon Industries; International Paper; Athena Superpack Private Limited; PaperTech; and SOLUT! are among the key market players in the global paper and paperboard trays market. Players operating in the market are highly focused towards the development of high quality and innovative product offerings to fulfil the customer’s requirements.
Report Spotlights
- Progressive industry trends in the paper and paperboard trays market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the paper and paperboard trays market from 2019 to 2028
- Estimation of global demand for paper and paperboard trays
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the paper and paperboard trays market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the paper and paperboard trays market size at various nodes
- Detailed overview and segmentation of the market, as well as the paper and paperboard trays industry dynamics
- Size of the paper and paperboard trays market in various regions with promising growth opportunities
Paper and Paperboard Trays Market Report Scope
Global Paper and Paperboard Trays Market
By Material
- Virgin Fiber
- Recycled Fiber
By Application
- Food and Beverages
- Consumer Electronics
- Personal Care and Cosmetics
- Healthcare
- Others
Company Profiles
- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- UFP Technologies, Inc.
- Hartmann
- Orcon Industries
- International Paper
- Athena Superpack Private Limited
- PaperTech
- SOLUT!
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The demand for paper and paperboard trays for consumer electronics have been witnessing significant growth over the years. It is expected to be one of the fastest growing application segments of the global paper and paperboard trays market. These products are delicate and are susceptible to damage caused by heavy impacts during transportation. Paper and paperboard trays ensure safety of the electronic gadgets and prevent damages caused by heavy impacts and mishandling of the goods in transit.
Rapidly growing packaging industry, food retail and foodservice sector, and rising consumer awareness about sustainable packaging solutions across the region have significantly contributed to the growth of the paper and paperboard trays market in Asia Pacific. Improving lifestyles and tourism sector in the region has also aided the growth of the retail food sector in the region. Such factors have propelled the demand for paperboard trays in Asia Pacific.
Paper and paperboard trays have been widely used for packaging food products such as eggs, fresh fruits and vegetables, and salad, among others. These trays provide a cushioning effect to the delicate surface of these products and ensure their safety during transportation. Paper and paperboard trays ensure proper ventilation inside the package which keeps the food products fresh.
Virgin fiber accounted for the largest share of the paper and paperboard trays market. Paper can only be recycled up to 5-6 times. Hence, a steady supply of virgin fiber is necessary to meet the growing demand for paper based packaging. However, recycling benefits and incentives provided by the regulatory authorities have increased the penetration of recycled fiber in the paper and paperboard trays market.
The major players operating in the global paperboard trays market are Huhtamaki, Mondi, UFP Technologies, Pactiv LLC, Hartmann, Orcon Industries Corporation, International Paper, Arthena Superpack Private Limited, Papertech, and Solut among many others.
Paper and paperboard trays are used in a wide array of industries ranging from food and beverages, consumer goods, healthcare and many others. They play a vital role in sustainable packaging and with the growing interest in shifting away from single-use plastic, paper based packaging solutions have been witnessing significant demand.
Based, on material, the paperboard trays market is virgin fiber and recycled fiber. Based on application, the global paperboard trays market is segmented into food and beverages, consumer electronics, personal care and cosmetics, healthcare, and others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Paper & Paperboard Trays Market, by Material
1.3.2 Paper & Paperboard Trays Market, by Application
1.3.3 Paper & Paperboard Trays Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Paper & Paperboard Trays Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to Substitute
4.2.4 Threat to New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Paper and Paperboard Trays Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Sustainable Products
5.1.2 Investments in Paper and Paperboard Trays
5.2 Market Restraints
5.2.1 Insufficiency of Paper-Based Materials in Conferring Complete Protection to Packaged Goods
5.3 Market Opportunities
5.3.1 Growth of Flexible Paper Packaging in Emerging Regions
5.4 Future Trends
5.4.1 Popularity of Ovenable Paper and Paperboard Trays in Food and Beverages Sector
5.5 Impact Analysis of Drivers and Restraints
6. Paper & Paperboard Trays – Global Market Analysis
6.1 Paper & Paperboard Trays Market Overview
6.2 Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning – Global Market Players
7. Global Paper & Paperboard Trays Market Analysis – By Material
7.1 Overview
7.2 Global Paper & Paperboard Trays Market Share, By Material, 2020 & 2028
7.3 Virgin Fiber
7.3.1 Overview
7.3.2 Virgin Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
7.4 Recycled Fiber
7.4.1 Overview
7.4.2 Recycled Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
8. Global Paper & Paperboard Trays Market Analysis – By Application
8.1 Overview
8.2 Paper & Paperboard Trays Market Share, By Application, 2020 & 2028
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 Consumer Electronics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
8.5 Personal Care and Cosmetics
8.5.1 Overview
8.5.2 Personal Care and Cosmetics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
8.6 Healthcare
8.6.1 Overview
8.6.2 Healthcare: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
9. Paper & Paperboard Trays Market– Geographic Analysis
9.1 Overview
9.2 North America: Paper & Paperboard Trays Market
9.2.1 North America: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.2.2 North America: Paper & Paperboard Trays Market, by Material
9.2.3 North America: Paper & Paperboard Trays Market, by Application
9.2.4 North America: Paper & Paperboard Trays Market, by Key Country
9.2.4.1 US: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.2.4.1.1 US: Paper & Paperboard Trays Market, by Material
9.2.4.1.2 US: Paper & Paperboard Trays Market, by Application
9.2.4.2 Canada: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.2.4.2.1 Canada: Paper & Paperboard Trays Market, by Material
9.2.4.2.2 Canada: Paper & Paperboard Trays Market, by Application
9.2.4.3 Mexico: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.2.4.3.1 Mexico: Paper & Paperboard Trays Market, by Material
9.2.4.3.2 Mexico: Paper & Paperboard Trays Market, by Application
9.3 Europe: Paper & Paperboard Trays Market
9.3.1 Europe: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.2 Europe: Paper & Paperboard Trays Market, by Material
9.3.3 Europe: Paper & Paperboard Trays Market, by Application
9.3.4 Europe: Paper & Paperboard Trays Market, by Key Country
9.3.4.1 Germany: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.1.1 Germany: Paper & Paperboard Trays Market, by Material
9.3.4.1.2 Germany: Paper & Paperboard Trays Market, by Application
9.3.4.2 France: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.2.1 France: Paper & Paperboard Trays Market, by Material
9.3.4.2.2 France: Paper & Paperboard Trays Market, by Application
9.3.4.3 Italy: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.3.1 Italy: Paper & Paperboard Trays Market, by Material
9.3.4.3.2 Italy: Paper & Paperboard Trays Market, by Application
9.3.4.3.3 United Kingdom: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.3.4 United Kingdom: Paper & Paperboard Trays Market, by Material
9.3.4.3.5 United Kingdom: Paper & Paperboard Trays Market, by Application
9.3.4.4 Russia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.4.1 Russia: Paper & Paperboard Trays Market, by Material
9.3.4.4.2 Russia: Paper & Paperboard Trays Market, by Application
9.3.4.5 Rest of Europe: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.3.4.5.1 Rest of Europe: Paper & Paperboard Trays Market, by Material
9.3.4.5.2 Rest of Europe: Paper & Paperboard Trays Market, by Application
9.4 Asia Pacific: Paper & Paperboard Trays Market
9.4.1 Asia Pacific: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.2 Asia Pacific: Paper & Paperboard Trays Market, by Material
9.4.3 Asia Pacific: Paper & Paperboard Trays Market, by Application
9.4.4 Asia Pacific: Paper & Paperboard Trays Market, by Key Country
9.4.4.1 Australia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.1.1 Australia: Paper & Paperboard Trays Market, by Material
9.4.4.1.2 Australia: Paper & Paperboard Trays Market, by Application
9.4.4.2 China: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.2.1 China: Paper & Paperboard Trays Market, by Material
9.4.4.2.2 China: Paper & Paperboard Trays Market, by Application
9.4.4.3 India: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.3.1 India: Paper & Paperboard Trays Market, by Material
9.4.4.3.2 India: Paper & Paperboard Trays Market, by Application
9.4.4.4 Japan: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.4.1 Japan: Paper & Paperboard Trays Market, by Material
9.4.4.4.2 Japan: Paper & Paperboard Trays Market, by Application
9.4.4.5 South Korea: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.5.1 South Korea: Paper & Paperboard Trays Market, by Material
9.4.4.5.2 South Korea: Paper & Paperboard Trays Market, by Application
9.4.4.6 Rest of Asia Pacific: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.4.4.6.1 Rest of Asia Pacific: Paper & Paperboard Trays Market, by Material
9.4.4.6.2 Rest of Asia Pacific: Paper & Paperboard Trays Market, by Application
9.5 Middle East and Africa: Paper & Paperboard Trays Market
9.6 South and Central America: Paper & Paperboard Trays Market
10. Impact of COVID-19 Pandemic on Global Paper and Paperboard Market
10.1 Impact of COVID-19 on Paper and Paperboard Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Mergers & acquisition
11.4 Expansion
11.5 Collaboration
12. Key Company Profiles
12.1 Huhtamaki
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mondi
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Pactiv Evergreen Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 UFP Technologies, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hartmann
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 International Paper
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 PaperTech
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SOLUT!
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Athena Superpack Private Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Orcon Industries
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 3. North America Paper & Paperboard Trays Market, by Application– Revenue and Forecast to 2028 (US$ Mn)
Table 4. US Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 5. US Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 6. Canada: Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 7. Canada Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 8. Mexico Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 9. Mexico Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 10. Europe Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 11. Europe Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 12. Germany Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 13. Germany Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 14. France Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 15. France Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 16. Italy Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 17. Italy Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 18. United Kingdom Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 19. United Kingdom Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 20. Russia: Paper & Paperboard Trays Market, by Material– Revenue and Forecast to 2028 (US$ Mn)
Table 21. Russia: Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 22. Rest of Europe Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 23. Rest of Europe Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 24. Asia Pacific Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 25. Asia Pacific Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 26. Australia Paper & Paperboard Trays Market, by Material– Revenue and Forecast to 2028 (US$ Mn)
Table 27. Australia Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 28. China Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 29. China Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 30. India Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 31. India Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 32. Japan Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 33. Japan Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 34. South Korea Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 35. South Korea Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 36. Rest of Asia Pacific Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 37. Rest of Asia Pacific Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 56. Glossary of Terms, Global Paper & Paperboard Trays Market
LIST OF FIGURES
Figure 1. Paper & Paperboard Trays Market Segmentation
Figure 2. Paper & Paperboard Trays Market Segmentation – By Geography
Figure 3. Global Paper & Paperboard Trays Market Overview
Figure 4. Food and Beverages Segment Held Largest Share of Global Paper & Paperboard Trays Market
Figure 5. APAC Region Held Largest Share of Global Paper & Paperboard Trays Market
Figure 6. Global Paper & Paperboard Trays Market, Industry Landscape
Figure 7. Paper & Paperboard Trays Market - Porter’s Five Forces Analysis
Figure 8. Paper and Paperboard Trays Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Paper & Paperboard Trays Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview of Paper & Paperboard Trays Market
Figure 12. Paper & Paperboard Trays Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Global Paper and Paperboard Trays Market Share, By Material, 2020 & 2028 (%)
Figure 14. Virgin Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Recycled Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Paper and Paperboard Trays Market Share, By Application, 2020 & 2028 (%)
Figure 17. Food and Beverages: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Consumer Electronics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Personal Care and Cosmetics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Healthcare: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Others: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Global Paper & Paperboard Trays Market Revenue Share, by Region (2020 and 2028)
Figure 23. North America: Paper & Paperboard Trays Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 24. North America: Paper & Paperboard Trays Market Revenue Share, by Material (2020 and 2028)
Figure 25. North America: Paper & Paperboard Trays Market Revenue Share, by Application (2020 and 2028)
Figure 26. North America: Paper & Paperboard Trays Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Canada: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 29. Mexico: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 30. Europe: Paper & Paperboard Trays Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 31. Europe: Paper & Paperboard Trays Market Revenue Share, by Material (2020 and 2028)
Figure 32. Europe: Paper & Paperboard Trays Market Revenue Share, by Application (2020 and 2028)
Figure 33. Europe: Paper & Paperboard Trays Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. Germany: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 35. France: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 36. Italy: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 37. United Kingdom: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 38. Russia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 39. Rest of Europe: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 40. Asia Pacific: Paper & Paperboard Trays Market– Revenue and Forecast to 2028 (US$ Mn)
Figure 41. Asia Pacific: Paper & Paperboard Trays Market Revenue Share, by Material (2020 and 2028)
Figure 42. Asia Pacific: Paper & Paperboard Trays Market Revenue Share, by Application (2020 and 2028)
Figure 43. Asia Pacific: Paper & Paperboard Trays Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Australia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 45. China: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 46. India: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 47. Japan: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 48. South Korea: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 49. Rest of Asia Pacific: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 65. Impact of COVID-19 Pandemic in North America
Figure 66. Impact of COVID-19 Pandemic in Europe
Figure 67. Impact of COVID-19 Pandemic in Asia Pacific
Figure 68. Impact of COVID-19 Pandemic in Middle East and Africa
Figure 69. Impact of COVID-19 Pandemic in South and Central America
The List of Companies - Paper and Paperboard Trays Market
- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- UFP Technologies, Inc.
- Hartmann
- Orcon Industries
- International Paper
- Athena Superpack Private Limited
- PaperTech
- SOLUT!
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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