Asia Pacific 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)
Market Introduction
The Asia Pacific paper & paperboard trays market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The consumers across the region widely prefer ordering food through online delivery platforms. For instance, Meituan-Dianping, China’s largest delivery service company, received ~6.4 billion food orders in 2018. With the growth of online food delivery channels, cloud kitchens, and takeaway services in countries such as China and India, the demand for paper and paperboard trays also grows exponentially. Further, due to the rising landfill issues, manufacturers are shifting their preferences toward paper and paperboard packaging from plastic packaging. Governments of countries such as China, Japan, and India are promoting the use of recyclable and reusable packaging materials to reduce the amount of waste generated. Moreover, stringent regulations prohibiting or limiting plastic usage in countries have driven the demand for paper-based packaging materials. Manufacturers of paper and paperboard trays are largely focusing on expanding their operations across Asia Pacific owing to the presence of a large customer base, availability infrastructure and laborers at low costs, abundance of resources, and existence of free trade policies.
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.
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Market Overview and Dynamics
The paper & paperboard trays market in Asia Pacific 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. The factors such as the increasing working population, busy lifestyles, rapid urbanization, and changing taste preferences have generated a great demand for ready-to-eat food products. Moreover, the demand for these products has risen steeply during the COVID-19 pandemic, which has encouraged food manufacturers to come up with a wide range of packaging innovations. Ovenable packaging is among the most progressive innovation in this segment. Ovenable paper and paper-board trays are used to provide chilled, fresh, and frozen ready-to-eat meals at both the retail and foodservice levels. Lightweight, good thermal conductivity, strong performance, temperature resistance, and optimal barrier properties make them feasible and preferable packaging solutions over packaging options such as Crystallized Polyethylene Terephthalate (CPET) and polypropylene plastic trays. Ovenable paper and paper-board trays are available in a variety of shapes and sizes with different closing alternatives such as peelable and non-peelable films, or non-peelable and perforated tear-off paperboard lids. Moreover, they are sustainable packaging solutions that are easy to recycle. Foodservices, airline catering, and retail food outlets are among the major adopters of ovenable paper and paper-board trays, and the demand is expected to grow in the coming years.
Key Market Segments
Based on material, the virgin fiber segment accounted for the largest share of the Asia Pacific paper & paperboard trays market in 2020. Based on application, the food and beverages segment accounted for the largest share of the Asia Pacific paper & paperboard trays market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific paper & paperboard trays market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Huhtamaki; Mondi; Pactiv Evergreen Inc.; Hartmann; International Paper; PaperTech; and Athena Superpack Private Limited.
Reasons to buy report
- To understand the Asia Pacific paper & paperboard trays market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific paper & paperboard trays market
- Efficiently plan M&A and partnership deals in Asia Pacific paper & paperboard trays market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific paper & paperboard trays market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.
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 Market – Company Profiles
- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- Hartmann
- International Paper
- PaperTech
- Athena Superpack Private Limited
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. Asia Pacific 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 Rise in the Need for Sustainable Products
5.1.2 Huge Investments in Paper and Paperboard Trays
5.2 Market Restraints
5.2.1 Incapacity of Paper-Based Materials in Providing Complete Protection to Packaged Goods
5.3 Market Opportunities
5.3.1 An Upsurge in Application of Flexible Paper Packaging in Emerging Areas
5.4 Future Trends
5.4.1 Ovenable Paper and Paperboard Trays Gaining Popularity
5.5 Impact Analysis of Drivers and Restraints
6. Paper & Paperboard Trays – Asia Pacific Market Analysis
6.1 Paper & Paperboard Trays Market Overview
6.2 Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)
7. Asia Pacific Paper & Paperboard Trays Market Analysis By Material
7.1 Overview
7.2 Asia Pacific 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. Asia Pacific 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. Asia Pacific Paper & Paperboard Trays Market– Country Analysis
9.1 Asia Pacific: Paper & Paperboard Trays Market
9.1.1 Asia Pacific: Paper & Paperboard Trays Market, by Key Country
9.1.1.1 Australia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 Australia: Paper & Paperboard Trays Market, by Material
9.1.1.1.2 Australia: Paper & Paperboard Trays Market, by Application
9.1.1.2 China: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 China: Paper & Paperboard Trays Market, by Material
9.1.1.2.2 China: Paper & Paperboard Trays Market, by Application
9.1.1.3 India: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 India: Paper & Paperboard Trays Market, by Material
9.1.1.3.2 India: Paper & Paperboard Trays Market, by Application
9.1.1.4 Japan: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.4.1 Japan: Paper & Paperboard Trays Market, by Material
9.1.1.4.2 Japan: Paper & Paperboard Trays Market, by Application
9.1.1.5 South Korea: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.5.1 South Korea: Paper & Paperboard Trays Market, by Material
9.1.1.5.2 South Korea: Paper & Paperboard Trays Market, by Application
9.1.1.6 Rest of Asia Pacific: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
9.1.1.6.1 Rest of Asia Pacific: Paper & Paperboard Trays Market, by Material
9.1.1.6.2 Rest of Asia Pacific: Paper & Paperboard Trays Market, by Application
10. Impact of COVID-19 Pandemic on Asia Pacific Paper and Paperboard Market
10.1 Impact of COVID-19 on Paper and Paperboard Market
10.2 Asia Pacific: 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 Hartmann
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 International Paper
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 PaperTech
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 Athena Superpack Private Limited
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Paper & Paperboard Trays Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Australia Paper & Paperboard Trays Market, by Material– Revenue and Forecast to 2028 (US$ Mn)
Table 3. Australia Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 4. China Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 5. China Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 6. India Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 7. India Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 8. Japan Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 9. Japan Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 10. South Korea Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 11. South Korea Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 12. Rest of Asia Pacific Paper & Paperboard Trays Market, by Material – Revenue and Forecast to 2028 (US$ Mn)
Table 13. Rest of Asia Pacific Paper & Paperboard Trays Market, by Application – Revenue and Forecast to 2028 (US$ Mn)
Table 14. Glossary of Terms, Asia Pacific Paper & Paperboard Trays MarketLIST OF FIGURES
Figure 1. Paper & Paperboard Trays Market Segmentation
Figure 2. Paper & Paperboard Trays Market Segmentation – By Country
Figure 3. Asia Pacific Paper & Paperboard Trays Market Overview
Figure 4. Food and Beverages Segment Held Largest Share of Asia Pacific Paper & Paperboard Trays Market
Figure 5. China Held Largest Share of Asia Pacific Paper & Paperboard Trays Market
Figure 6. Asia Pacific 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. Asia Pacific 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. Asia Pacific: Paper & Paperboard Trays Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. Asia Pacific: Paper & Paperboard Trays Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Australia: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 24. China: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 25. India: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Japan: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 27. South Korea: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Rest of Asia Pacific: Paper & Paperboard Trays Market–Revenue and Forecast to 2028 (US$ Mn)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- Hartmann
- International Paper
- PaperTech
- Athena Superpack Private Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific paper & paperboard trays market.
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