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North America Paper & Paperboard Trays Market

2021

North America Paper & Paperboard Trays Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Virgin Fiber and Recycled Fiber) and Application (Food and Beverages, Consumer Electronics, Personal Care and Cosmetics, Healthcare, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025876 | No. of Pages: 113 | Category: Chemicals and Materials | Status: Published

Market Insights

North America Paper & Paperboard Trays Market to Grow at a CAGR of 5.0% to reach US$ 1,204.26 million by 2028 Million from 2021 to 2028

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The North America paper & paperboard trays market is expected to grow from US$ 1,204.26 million in 2021 to US$ 1,693.49 million by 2028; it is estimated to grow at a CAGR of 5.0% 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.

The US reported the highest number of COVID-19 confirmed cases across North America, 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 North America 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 North America 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. Cascades, a sustainable packaging company, launched the first thermoformed cardboard tray in 2020. The product is made from 100% recyclable and recycled cardboard and has a recyclable water-based barrier coating that provides moisture resistance. 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.paper and paperboard trays market

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North America Paper & Paperboard Trays Market Segmentation

  • North America Paper & Paperboard Trays Market – By Material
    • Virgin Fiber
    • Recycled Fiber
  • North America Paper & Paperboard Trays Market – By Application
    • Food and Beverages
    • Consumer Electronics
    • Personal Care and Cosmetics
    • Healthcare
    • Others
  • North America Paper & Paperboard Trays Market – By Country
    • US
    • Canada
    • Mexico

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Paper & Paperboard Trays Market, by Material

1.3.2 Paper & Paperboard Trays Market, by Application

1.3.3 Paper & Paperboard Trays Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. North America Paper & Paperboard Trays Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to Substitute

4.2.4 Threat to New Entrants

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Paper and Paperboard Trays Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Demand for Sustainable Products

5.1.2 Investments in Paper and Paperboard Trays

5.2 Market Restraints

5.2.1 Insufficiency of Paper-Based Materials in Conferring Complete Protection to Packaged Goods

5.3 Market Opportunities

5.3.1 Growth of Flexible Paper Packaging in Emerging Regions

5.4 Future Trends

5.4.1 Popularity of Ovenable Paper and Paperboard Trays in Food and Beverages Sector

5.5 Impact Analysis of Drivers and Restraints

6. Paper & Paperboard Trays – North America Market Analysis

6.1 Paper & Paperboard Trays Market Overview

6.2 Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)

7. North America Paper & Paperboard Trays Market Analysis – By Material

7.1 Overview

7.2 North America Paper & Paperboard Trays Market Share, By Material, 2020 & 2028

7.3 Virgin Fiber

7.3.1 Overview

7.3.2 Virgin Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

7.4 Recycled Fiber

7.4.1 Overview

7.4.2 Recycled Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

8. North America Paper & Paperboard Trays Market Analysis – By Application

8.1 Overview

8.2 Paper & Paperboard Trays Market Share, By Application, 2020 & 2028

8.3 Food and Beverages

8.3.1 Overview

8.3.2 Food and Beverages: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

8.4 Consumer Electronics

8.4.1 Overview

8.4.2 Consumer Electronics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

8.5 Personal Care and Cosmetics

8.5.1 Overview

8.5.2 Personal Care and Cosmetics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

8.6 Healthcare

8.6.1 Overview

8.6.2 Healthcare: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

8.7 Others

8.7.1 Overview

8.7.2 Others: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

9. North America Paper & Paperboard Trays Market– Country Analysis

9.1 North America: Paper & Paperboard Trays Market

9.1.1 North America: Paper & Paperboard Trays Market, by Key Country

9.1.1.1 US: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1 US: Paper & Paperboard Trays Market, by Material

9.1.1.1.2 US: Paper & Paperboard Trays Market, by Application

9.1.1.2 Canada: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1 Canada: Paper & Paperboard Trays Market, by Material

9.1.1.2.2 Canada: Paper & Paperboard Trays Market, by Application

9.1.1.3 Mexico: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1 Mexico: Paper & Paperboard Trays Market, by Material

9.1.1.3.2 Mexico: Paper & Paperboard Trays Market, by Application

10. Impact of COVID-19 Pandemic on North America Paper and Paperboard Market

10.1 Impact of COVID-19 on Paper and Paperboard Market

10.2 North America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Product Launch

11.3 Mergers & acquisition

11.4 Expansion

11.5 Collaboration

12. Key Company Profiles

12.1 Huhtamaki

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Mondi

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Pactiv Evergreen Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 UFP Technologies, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Hartmann

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 International Paper

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 PaperTech

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 SOLUT!

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Orcon Industries

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2. US Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)

Table 3. US Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 4. Canada: Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)

Table 5. Canada Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 6. Mexico Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)

Table 7. Mexico Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 8. Glossary of Terms, North America Paper & Paperboard Trays Market

LIST OF FIGURES

Figure 1. Paper & Paperboard Trays Market Segmentation

Figure 2. Paper & Paperboard Trays Market Segmentation – By Country

Figure 3. North America Paper & Paperboard Trays Market Overview

Figure 4. Food and Beverages Segment Held Largest Share of North America Paper & Paperboard Trays Market

Figure 5. US Held Largest Share of North America Paper & Paperboard Trays Market

Figure 6. North America Paper & Paperboard Trays Market, Industry Landscape

Figure 7. Paper & Paperboard Trays Market - Porter’s Five Forces Analysis

Figure 8. Paper and Paperboard Trays Market - Ecosystem

Figure 9. Expert Opinion

Figure 10. Paper & Paperboard Trays Market Impact Analysis of Driver and Restraints

Figure 11. Paper & Paperboard Trays Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 12. North America Paper and Paperboard Trays Market Share, By Material, 2020 & 2028 (%)

Figure 13. Virgin Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. Recycled Fiber: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 15. Paper and Paperboard Trays Market Share, By Application, 2020 & 2028 (%)

Figure 16. Food and Beverages: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. Consumer Electronics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. Personal Care and Cosmetics: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 19. Healthcare: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. Others: Paper & Paperboard Trays Market- Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. North America: Paper & Paperboard Trays Market, by Key Country – Revenue (2020) (USD Million)

Figure 22. North America: Paper & Paperboard Trays Market Revenue Share, by Key Country (2020 and 2028)

Figure 23. US: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

Figure 24. Canada: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

Figure 25. Mexico: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)

Figure 26. Impact of COVID-19 Pandemic in North America
  1. Huhtamaki
  2. Mondi
  3. Pactiv Evergreen Inc.
  4. UFP Technologies, Inc.
  5. Hartmann
  6. International Paper
  7. PaperTech
  8. SOLUT!
  9. Orcon Industries
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America paper & paperboard trays market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America paper & paperboard trays market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America paper & paperboard trays market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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