Global Paper & Paperboard Trays Market: Overview
The prominent recyclability and sustainability of paperboard trays make them appropriate for a range of packaging purposes in the e-commerce segment in diverse regions of the world. These trays enable remarkable moisture barrier and grease resistance, considerable sealability, and are cost-effective. The striking structural firmness likely with a range of polymer coating is a prominent aspect opening up stimulating uses of paper & paperboard trays. Numerous manufacturers are paying attention to enhancing the operational effectiveness of the supply chain by implementing material innovations and innovative technology. Thus, the growth of the paper & paperboard trays market is anticipated to boost in the coming period.
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Global Paper & Paperboard Trays Market: Growth Factors
One of the major factors contributing positively to the growth of the worldwide paper & paperboard trays market is the rising requirement for a flexible and environmental-friendly packaging for the packing of beverages & food, and vigorous consumer goods. Furthermore, the mounting requirement for semi-rigid structures for application in the versatile and cost-effective packaging in a range of industries is fueling the growth of the paper & paperboard trays market. In several regions of the world, traction is gained by recycled paperboard packaging solutions composed from the sustainable materials for packing disposable foodservice products. Moreover, improvements in printing and molding technologies have allowed manufacturers to design paper & paperboard trays that enable retail players to attain competitive branding.
Global Paper & Paperboard Trays Market: Segmentation
The worldwide paper & paperboard trays market is categorized based on material source, end-use, material type, and geography. The material source segment of the market is bifurcated into the recycled fiber and virgin fiber. The end-user segment of the paper & paperboard trays market is divided into industrial packaging, consumer durables & electronics, homecare & toiletries, healthcare, personal care & cosmetics, e-commerce packaging, food & beverages, and others. The material segment of the market is segmented into carton/boxboard, molded pulp, and corrugated board. Geographically, the worldwide paper & paperboard trays market can be bifurcated into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa.
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Global Paper & Paperboard Trays Market: Regional Analysis
The Asia Pacific region is anticipated to dominate the market for paper & paperboard trays. The growth of this region can be credited to the considerable requirement for sustainable and cost-effective packaging, in particular, for food grade applications. Furthermore, the North America region is also expected to boost in the paper & paperboard trays market owing to the extensively increasing requirement for customizable and resilient paperboard packaging in the diverse divisions of the region. Moreover, the recent advances made in the packaging industry are also offering a vigorous momentum to the growth of the market.
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Global Paper & Paperboard Trays Market: Competitive Players
The prominent players in the worldwide paper & paperboard trays market are Mondi Group plc., International Paper Co., Brodrene Hartmann A/S, Huhtamaki Oyj, and UFP Technologies, Inc. Other few key players in the market include Orcon Industries Corporation, Fibercel Packaging LLC Henry Molded Products, Inc., ESCO Technologies Inc., and Pactiv LLC.
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