Global Paper Trays Market Is Growing At A CAGR Of 5.4% During 2022-2032

Retail and Consumer Goods

The paper trays market is likely to grow at a healthy 3.9% value CAGR throughout 2027, according to the latest Fact.MR study. The momentum in the paper trays market can be attributed to the growing focus on sustainability, which includes reducing packaging waste and adopting recyclable packaging materials.

Growing consumer preference toward greener packaging solutions is driving heavy investments in the paper trays market. Anticipating the lucrativeness of the paper trays market and future growth opportunities, manufacturers are introducing a wide design range of paper trays, which is proving to be a winning product differentiation strategy for paper packaging businesses.

Sample Report :-https://www.factmr.com/connectus/sample?flag=S&rep_id=2215

Global Paper Trays Market by Category

  • By Source :
    • Virgin Fiber Paper Trays
    • Recycled Fiber Paper Trays
  • By Material Type :
    • Corrugated Boards
    • Boxboards/Cartons
    • Molded Pulp
  • By End-Use :
    • Retail Industry
    • Food & Beverage Industry
    • Personal Care & Cosmetics Industry
    • Healthcare Industry
    • Consumer Durables and Electronics Industry
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

Competitive Landscape: Top Companies in Paper Trays Market

The global paper trays market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced paper trays products.

Fact.MR has provided detailed information about price points of top manufacturers of paper trays positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • International Paper in March 2021, bought two state-of-the-art corrugated box plants located in Spain. It has grown its production capabilities in areas of Madrid and Catalonia to offer high-quality packaging solutions for applications in industrial and e-commerce segments.
  • Graphic Packaging International in 2021 launched a sustainable paper packaging solution range Produce Pack for fresh produce. The paper bags can be used for a variety of applications and preserve fresh produce. It is hygienically protected as the produce is prepacked and narrow down handling from field to store. 

Incorporating Technology in Paper Trays

Use of advanced technologies like modified atmosphere packaging technology, thermoforming are being incorporated by manufacturers in production process, which is bound to attract 2/5th additional demand for paper trays.

Investments are being done to offer freezer-safe and microwave-safe paper trays that carry the ability to satisfy rising demand for frozen food products amongst millennials in coming years.

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