• Home News North America Tops the Global Paper Trays Market Accounting For 23.1% of Global Market Share In 2022

North America Tops the Global Paper Trays Market Accounting For 23.1% of Global Market Share In 2022

Posted 13 Aug-2022 03:29 AM by Neha | 1266

The market for paper trays is expected to reach USD 8,900 Million by 2032, growing at a CAGR of 5.4% from 2022 to 2032. The market is expected to reach USD 5,300 Million in 2022.


In 2022, the market for paper trays will represent 2% of the overall market for paper goods. During the assessment period of 2022“2032, the global paper trays market is anticipated to have an absolute $ opportunity of USD 3,600 Million.


For More Insights into the Market, Request a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2215


The According to Fact.MR study, the market for paper trays generates more than 40% of its revenue from industrial uses of paper trays in food and beverage products. The Reality Leading retail chains and foodservice brands' resolve to phase out plastic in food packaging, as well as the industry's growing demand for environmentally friendly paper trays, are all factors that the MR study continues to be bullish on. The report also discusses the growing demand for paper trays in the consumer electronics industry, which is probably going to remain an understudied end-user industrial segment in the paper trays market.


Increased Demand for Frozen Food Products Driving Market Innovation for Paper Trays

To combat the rising popularity of frozen food products among younger consumers, the majority of paper tray manufacturers have started to produce paper trays that are both freezer- and microwave-safe. To introduce distinctive features of paper trays suitable for food and beverage products, market players are integrating cutting-edge technologies, such as modified atmosphere packaging technology, and manufacturing processes, such as thermoforming.


Although the food and beverage sector dominates the market for paper trays, there are other industrial uses for paper trays. The market for paper trays is expanding significantly thanks to a number of end-user industries, including healthcare, personal care & cosmetics, and consumer electronics & durables. Leading paper tray producers are focusing on enhancing their product portfolio for this market because they are aware of the growing demand for paper trays in the consumer durables and electronics sector, according to a lead analyst at Fact.MR.


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Report Attributes


Base Year Value (2021A)

USD 5,100 Million

Estimated Year Value (2022E)

USD 5,300 Million

Projected Year Value (2032F)

USD 8,900 Million

CAGR Value (2022-2032)


North America Market Share in 2021


Collective Value Share (US, UK, Germany) 2022: Top 3 Countries


Top 5 Companies Market Share



Competitive Landscape: Leading Paper Tray Companies


Due to the presence of numerous domestic and regional competitors, the global paper tray market is highly fragmented and competitive. Key players use a variety of marketing tactics, including mergers and acquisitions, expansions, collaborations, and partnerships.


Additionally, the top businesses use new product development as a strategic approach to enhance their market presence among consumers. Modern paper trays products have been incorporated as a result of these strategies.


Key Companies Profiled

·         Mondi Group plc

·         Huhtamaki Oyj

·         International Paper

·         BillerudKorsnas

·         UFP Technologies, Inc.

·         CS Packaging, Inc.

·         Stora Enso

·         Novolex

·         Orcon Industries

·         Athena Superpack Private Limited

·         Henry Molded Products, Inc.


For In-Depth Competitive Analysis, Buy now: https://www.factmr.com/checkout/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


Paper Trays Market, Global Paper Trays Market, Sales of Paper Trays, Paper Trays Demand, Virgin Fiber Paper Trays Demand, Recycled Fiber Paper Trays Sales, Paper Tray Manufacturers Affordable Press Release Network, Affordable Press Release Services, Affordable Press Release Website, Affordable Press Release Distribution Site, Free Press Release Service

Company Information

Company Name Contact Person Contact Number Email Id Website Address
Fact.MR 6282511583 neha.b@factmr.com https://www.factmr.com

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