What is Paper Trays Market?
The paper tray are made of different materials such as corrugated board, box board, and molded pulp. These are used in various industries such as food and beverage, consumer electronics, personal care, and industrial packaging. Owing to the stringent government regulations and environmental concerns the demand of paper tray is increasing. Additionally, the growing e-commerce sector is propelling the market growth.
The market study is being classified and major geographies with country level break-up.
Mondi Group (Austria), International Paper (United States), Huhtamaki (Finland), Pactiv (United States), Brodrene Hartmann (Denmark), UFP Technologies (United States), BillerudKorsnas (Sweden), Stora Enso (Finland), Henry Molded Products (United States) and Novolex (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Europe Vendors will contribute to the maximum growth of Global Paper Trays market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Paper Trays market by Type, Application and Region.
On the basis of geography, the market of Paper Trays has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Strict government regulations to use recyclable products such as paper products for packaging. These government regulations are influencing to use the paper and paperboard trays in various industries. Moreover, the paper products are also being used for packaging in some countries due to the ban on plastic.
Market Trend
- Rising Environment Concerns among the End Users
Restraints
- Availability of Counterfeit Products Such as Plastic may Hamper the Market Growth
Opportunities
- Rising Need of Flexible Packaging in the Industries
- Cost Effectiveness and Flexibility of Paper Trays are fueling the Market Growth
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations