Asia Pacific Paper & Paperboard Trays Market Outlook and Strategic Insights by 2028

The Asia Pacific paper & paperboard trays market is expected to grow from US$ 2,349.29 million in 2021 to US$ 3,654.74 million by 2028; it is estimated to grow at a CAGR of 6.5% 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 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 the products inside the package to ensure their safety in transit. The rising demand for sustainable and flexible packaging applications in several industries, notably the food & beverages sector, is a crucial factor driving the paper & paperboard trays market. The rising demand for cost-effective paperboard packaging for food and drinks is also another vital factor stoking the demand for paper & paperboard trays. Furthermore, the focus on new innovations and product developments to enhance the sustainability of paperboard trays has caused a spur in the market’s growth.

India reported the highest number of COVID-19 cases across Asia Pacific, which led to the discontinuation of several businesses, such as paper & paperboard trays manufacturing activities. Also, due to the outbreak, most countries declared a health emergency and stopped unessential movements, thus impacting heavily on the supply chain of goods. Manufacturing facilities hustled to make changes due to the implementation of social distancing norms, which cased disruptions and slowdowns on throughput. Paper and paperboard industry may continue to see weak or broken links in their supply chains, which, in turn, would negatively affect the paper & paperboard trays market growth in the coming years.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific paper & paperboard trays market. The rising demand for sustainable and flexible packaging products in different sectors, notably the food & beverages sector, is a crucial factor driving the Asia Pacific paper and paperboard trays market. Governments and other regulatory bodies are highly emphasizing the use of recyclable products owing to growing environmental concerns. They have laid down stringent regulations pertaining to the use of sustainable products. Focus on innovations and product developments to enhance the sustainability of paperboard trays has caused a spur in the market growth. The application of paper in packaging is undergoing a restoration as consumers perceive it as a high-value, environmentally friendly material. It is a biodegradable, recyclable, and bio-based material. A paradigm shift in consumer behavior toward adopting sustainable packaging solutions is compelling manufacturers to focus on green packaging, which is driving the paper and paperboard trays market growth.

Asia Pacific Paper & Paperboard Trays Market Segmentation

• Asia Pacific Paper & Paperboard Trays Market – By Material
  • Virgin Fiber
  • Recycled Fiber
• Asia Pacific Paper & Paperboard Trays Market – By Application
  • Food and Beverages
  • Consumer Electronics
  • Personal Care and Cosmetics
  • Healthcare
  • Others
• Asia Pacific Paper & Paperboard Trays Market – By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Paper & Paperboard Trays Report Scope