Soaring Popularity of Frozen Food Products Driving Innovation in Paper trays Market
Global Paper Trays Market - A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global paper trays market. The paper trays market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the paper trays market report elaborates the market behavior of each vendor operating in the paper trays market.
The paper trays market report considers the following years to present the overall market growth:
- Estimated Year: 2027
- Forecast Year: 2018 – 2027
Key findings of the paper trays market study:
- Regional breakdown of the paper trays market based on predefined taxonomy.
- Innovative manufacturing processes implemented by paper trays market vendors in detail.
- Region-wise and country-wise fragmentation of the paper trays market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global paper trays market.
The paper trays market is likely to grow at a healthy 3.9% value CAGR throughout 2027, according to a latest Fact.MR study. The momentum in the paper trays market can be attributed to 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.
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The Fact.MR study opines that industrial applications of paper trays in food & beverage products collectively account for more than 40% revenue share in the paper trays market. The Fact.MR study remains bullish on burgeoning demand for environmentally-friendly paper trays in the food & beverage industry, leading retail chains and foodservice brands’ commitment to phase out plastic in food packaging. The report also sheds light on increasing demand for paper trays in the consumer electronics industry, which is likely to remain a less-explored end-user industrial sector in the paper trays market.
On the basis of source, the paper trays market study consists of:
- Virgin Fibre
- Recycled Fibre
On the basis of material type, the paper trays market study incorporates:
- Corrugated Board
- Boxboard/ Carton
- Molded Pulp
On the basis of region, the paper trays market study contains:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (U.K., Germany)
- APEJ (China, India)
Key players analyzed in the paper trays market study:
- Mondi Group Plc
- International Paper
- Huhtamaki Oyj
- Pactiv LLC
- UFP Technologies Inc.
- Billerud AB
- Stora Enso Oyj
- CS Packaging Inc.
- Proactive Packaging & Display Inc.
- Novolex
Queries addressed in the paper trays market report:
- Why are the paper trays market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global paper trays market?
- Which regions are displaying the fastest growth in the paper trays market?
- What are the underlying micro- macroeconomic factors affecting the global paper trays market?
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