openPR Logo
Press release

Soaring Demand Drives Paper Trays Market Growth during the Forecast Period, 2018-2027 | Key Players are Colpac Ltd., Mondi Group Plc., Huhtamaki Oyj, and International Paper.

11-21-2018 12:36 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Soaring Demand Drives Paper Trays Market Growth during

Tier one companies in the paper trays market, namely, Mondi Group Plc, Huhtamaki Oyj and Billerud AB, are consolidating their positions in the developed countries. Collectively accounting for over 15 percent of the overall Paper Trays Market, these companies have their grounds set up in the North America region and Europe respectively. However, these companies have been focusing on emerging economies in the Asia Pacific, such as China and India, in a bid to expand their footprint at the international level. Moreover, tapping huge growth potential in Asia Pacific with respect to sales potential of paper trays has been the focal point of tier 1 companies.

Download Free Sample of Global Market Research Report Here - https://www.factmr.com/connectus/sample?flag=S&rep_id=2215

Key strategies of tier 1 companies in paper trays market have been expansion of manufacturing facilities, new product launches and strategic alliances. Using these strategies, they are fixated on expanding their visibility in the forthcoming years. In 2017, Mondi Group Plc acquired Powerflute Group that operates paper and pulp mill. The €365 million acquisition would ensure high quality packaging and paper assets for the company along with geographic expansion and enhancement of Mondi’s paper trays scenario.   

Tier 2 Players Account for Over 25% Market Share

Two main participants in the tier 2 category involved in the manufacturing of paper trays collectively account for a significant share of the overall paper trays market. Companies such as Stora Enso Oyj, and International Paper account for over 25 percent revenue share of the paper trays market with a significant revenue generation from European countries and North America region respectively.

Companies in the paper trays market are also initiating collaborations with local players to enhance their paper tray product penetration. For instance, Graphic Packaging combined with International Paper’s consumer packaging business in North America, with the latter owning 20.5% share and former owning 79.5% share of the combined company. This strategic amalgamation can serve as a huge platform for Graphic Packaging in the paper trays space, making it one of the leading companies in paper-based packaging sector.

Supermarkets to Prefer Paper Trays Over Plastic Counterparts

The paper trays market is largely influenced with growing demand from supermarkets worldwide. The ongoing plastic bans on account of environmental safety has transformed the FMCG packaging landscape as vendors of FMCG products and other consumer goods including food and beverages opt for paper trays and their variants such as fiber paper trays. Sustainability and fit for purpose paper trays are making a new entrance among food chains and supermarkets on the back of environment friendly production process of paper trays.

Read Complete Information about Global Market Report Here - https://www.factmr.com/report/2215/paper-trays-market

Companies in the paper trays market are leveraging this factor by linking with such supermarkets to promote their products. For instance, in 2018, Iceland Foods has linked with Stora Enso Oyj to replace plastic trays with paper trays. Iceland Foods would now be introducing its street food range in paper trays.

Likewise, tier 1 players have also started collaborations with local supermarkets for the same cause. For instance, in October 2018, Huhtamaki Oyj has collaborated with Waitrose & Partners, a UK based supermarket. The collaboration is to test the fiber-based recyclable tray by Huhtamaki for a period of two months.

Molded-Fiber Paper Trays Gain Momentum

Molded fiber paper trays are gaining significant traction on the back of growing inclination toward sustainable packaging. Apart from being eco-friendly and biodegradable, paper trays from molded fibers feature relatively higher strength and high resistance against dampening. In addition, molded fiber paper trays are cost effective with minimum warehouse and inventory cost.

Plant-Based Plastic Trays Emerge as Effective Alternative to Paper Trays

Players involved in plastic packaging have been focused on solving plastic problem. A shift toward using plant-based plastics in the manufacturing of paper trays has been witnessed. Paper trays from plant-based plastics are environment friendly, feature high strength and are a sustainable business practice. Cornstarch is one of the widely used material in paper trays made from plant-based plastics and have limited negative impact on environment. This factor continues to challenge the adoption of paper trays, in turn restricting the growth of the paper trays market.

Buy Online Global Market Research Report Here - https://www.factmr.com/checkout/2215/S

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Soaring Demand Drives Paper Trays Market Growth during the Forecast Period, 2018-2027 | Key Players are Colpac Ltd., Mondi Group Plc., Huhtamaki Oyj, and International Paper. here

News-ID: 1388917 • Views:

More Releases from Fact.MR

System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: Fact.MR Report
System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: …
The global system integration market is estimated to have a valuation of US$ 401.8 billion in 2024. Projections put the CAGR of the market for the 2024 to 2034 period at a remarkable 18.7%. The market's growth over the forecast period is set to inflate significantly, reaching a projected value of US$ 2,236.6 billion by 2034. The System Integration Industry sales study offers a comprehensive analysis on diverse features including production
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fact.MR Report
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fac …
Bromelain market size is pegged at US$ 27.3 million for 2024. Worldwide demand for bromelain is predicted to increase at a robust CAGR of 7.5% and reach a market value of US$ 56.2 million by the end of 2034. The Bromelain Industry sales study offers a comprehensive analysis on diverse features including production capacities, Bromelain demand, product developments, sales revenue generation and Bromelain market outlook across the globe. market research report by
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of 2034: Fact.MR Report
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of …
The global writing instrument market size is calculated at US$ 14.28 billion for 2024 and is projected to reach US$ 20.54 billion by 2034-end. Worldwide demand for writing instruments is projected to expand at a CAGR of 3.7% from 2024 to 2034. The Writing Instrument Industry sales study offers a comprehensive analysis on diverse features including production capacities, Writing Instrument demand, product developments, sales revenue generation and Writing Instrument market outlook
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach US$ 19.9 Billion by 2033
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach U …
The worldwide data mining and visualization market in the life sciences sector is projected to exceed $8.3 billion by 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.1%, reaching $19.9 billion by 2033. In 2022, revenue from data mining and visualization in the life sciences amounted for 7% of the total data analytics market. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗢𝗳 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=459 Using data mining and visualization

All 5 Releases


More Releases for Paper

Paraffin Paper Market to Witness Massive Growth by 2027 | Patty Paper, Dunn Pape …
A new research document released by HTF MI with title "Global Paraffin Paper Market SWOT analysis by Size, Status and Forecast 2022 to 2027" provides a complete assessment of Paraffin Paper Market. The study focuses on changing market dynamics, geopolitical and regulatory policies, key players Strategies to better analyse demand at risk across various product type. Some of the major and emerging players analysed in the study are Dunn Paper,
Pulp and Paper Market Key Player Analysis By sappi, Lee & Man Paper, Nippon Pape …
Global Pulp and Paper Market Research Report 2018–2025 is a historical overview and in-depth study on the current & future market of the Pulp and Paper Industry. The report represents a basic overview of the market status, competitor segment with a basic introduction of key vendors, top regions, product types and end industries. This report gives a historical overview of the market trends, growth, revenue, capacity, cost structure, and
Global Waste Paper Recycling Market Forecast 2019-2026 Miami Waste Paper, Dixie …
Market study on Global Waste Paper Recycling 2019 Research Report presents a professional and complete analysis of Global Waste Paper Recycling Market on the current market situation. Report provides a general overview of the Waste Paper Recycling industry 2019 including definitions, classifications, Waste Paper Recycling market analysis, a wide range of applications and Waste Paper Recycling industry chain structure. The 2019's report on Waste Paper Recycling industry offers the global
Book Paper Market Report 2018 Companies included Stora Enso, Oji Paper, Nippon P …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Global Pulp and Paper Market 2018 Key Players: sappi, Lee & Man Paper, Nippon Pa …
Pulp and Paper Market: WiseGuyReports.com adds “Pulp and Paper Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database. Executive Summary Global Pulp and Paper Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2017-2025. Pulp and paper producers produces and sells cellulose-based products, derived from wood. Packaging paper, graphic paper and
Europe Greaseproof Paper Market 2017 – Krpa Paper, Nordic Paper, Vicat Group, …
Qyresearchreports include new market research report “Europe Greaseproof Paper Market Report 2017” to its huge collection of research reports. The Europe Greaseproof Paper market is driven by a variety of regional and Europe factors, a critical assessment of which forms the crux of the report. The key dynamics of the market is constantly influenced by changing business models and several paradigmatic shifts in recent years, holistic insights of which is offered