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)
Market Introduction
The North America 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. Rapid urbanization, higher disposable incomes, and busy work life are resulting in a greater preference for western dietary patterns amongst consumers. The growing demand for flexible paper packaging due to the rise in consumer awareness regarding harmful effects of plastic on the environment is yet another factor fueling the growth of the market in emerging regions. The need for flexible paper packaging has been increasing because of growth in population, rise in income levels, change in lifestyles, increase in internet penetration, and surge in development of the economy. Surge in the transit packaging sector, combined with growing consumerism, leads to a rapidly increasing demand for paper and paperboard trays. Along with this demand for paper packaging, the demand for recycled paper is also increasing. Rapidly escalating populations in countries translate into increased consumer spending on consumer goods, exposure to modern retail channels, and aspiration among the middle-class populations to adopt various brands and shopping habits. These trends will further create lucrative opportunities for paper and paperboard trays in the market.
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.
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Market Overview and Dynamics
The paper & paperboard trays market in North America 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. 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 North America paper & paperboard trays market in 2020. Based on application, the food and beverages segment accounted for the largest share of the North America 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 North America 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.; UFP Technologies, Inc.; Hartmann; Orcon Industries; International Paper; PaperTech; and SOLUT!
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- To understand the North America paper & paperboard trays market landscape and identify market segments that are most likely to guarantee a strong return
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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
North America Paper & Paperboard Trays Market – Company Profiles
- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- UFP Technologies, Inc.
- Hartmann
- International Paper
- PaperTech
- SOLUT!
- Orcon Industries
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 TermsLIST 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 MarketLIST 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- Huhtamaki
- Mondi
- Pactiv Evergreen Inc.
- UFP Technologies, Inc.
- Hartmann
- International Paper
- PaperTech
- SOLUT!
- Orcon Industries
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