Food Paper Tray Market: Market Overview

Since last few years, catering and food delivery systems have experienced extensive positive growth. These services are racing against the clock for the faster delivery. Thus, it has become very necessary to the manufacturers to find out easy to use yet highly sustainable food packaging trays. Food paper trays has considerable barrier properties against spillage, temperature, and moisture. Also as per consumer’s demand and convenience, these food paper trays are available with partitions, for better food serving. The strong demand for food paper trays is driven due to their cost-effectiveness and biodegradability. The food paper trays serves demand for both hot and cold food items, which make them more popular and versatile among the consumers. Owing to its ease of usage and pricing affordability, food paper trays are widely used in cafes or restaurants. Furthermore, rising consumer’s awareness about the usage of eco-friendly and biodegradable products including food paper trays is anticipated to strengthen the market growth during the forecast period. 

Food Paper Tray Market: Market Dynamics

Due to the rising environmental concerns, in many countries governments are giving more weightage on the use of biodegradable and recyclable products. Some stringent regulations are imposed against the usage of plastics since last decade. This is one of the vital reason behind the growth of food paper tray market. Rapidly expanding organised e-retail sector helped in the increasing demand of the food paper tray market. Because of the growing penetration of super markets and hypermarkets food paper tray market is influenced greatly. Innovations such as molded paper trays are keeping consumers attracted towards the food paper tray market. The factors like big brands are shifting towards food paper trays and growing flourishing food services industry are boosting the growth of the food paper tray market significantly. Additionally, changing consumer’s preferences from rigid to flexible packaging contributing is also contributing to the food paper tray market growth.

Additionally, since the COVID-19 outbreak in December 2019, the disease has spread to nearly about 100 countries all over the world. This pandemic have showed major impacts on foodservice industry including food paper tray market as well. The food industry is one of the most affected industry during the COVID-19 pandemic. Reduced consumption of outside food, especially packaged food has induced the negative impact on the demand for food paper trays market. All these factors are likely to restrict food paper trays market growth to a certain extent.

Food Paper Tray Market: Segmentation

On the basis of source of the material, global food paper tray market can be segmented as:

  • Virgin Fiber
  • Recycled Fiber

On the basis of number of compartments, global food paper tray market can be segmented as:

  • 2 compartments
  • 3 compartments
  • 4 compartments
  • 5 compartments

On the basis of stiffness, global food paper tray market can be segmented as:

  • Rigid
  • Semi-rigid
  • Flexible

On the basis of Sales Channel, global food paper tray market can be segmented as:

  • Manufacturers
  • Distributors
  • Retailers
    • Hypermarkets
    • Specialty Stores
    • Convenience Stores
    • Warehouse/wholesale clubs
  • e-retail

Food Paper Tray Market: Regional Outlook

Based on the geography the leading manufacturers operating in the global food paper tray market are collectively accounting maximum profit from North America and Europe regions, on the back of frequent consumption of packaged food. Factors such as shifting inclination towards sustainable packaging solutions coupled with multiple improvisations in the organized retail industry in South Asia and East Asia regions are also contributing substantially to the food paper tray market growth. Furthermore, stringent regulations on the use of single use plastic in emerging economies such as China and India offers lucrative opportunities to the food paper tray manufacturers to maximize their sales. Moreover, rising foodservice outlets and growing demand for packaged food in the MEA region is reinforcing the food paper tray market growth to a certain extent.   

Food Paper Tray Market: Key Players

Some prominent players in the global food paper tray market:

  • Mondi Group Plc
  • Huhtamaki Oyj
  • Billerud AB
  • Stora Enso Oyj
  • International Paper Co.
  • Brodrene Hartmann A/S.
  • UFP Technologies, Inc.
  • Fibercel Packaging LLC.
  • ESCO Technologies Inc.
  • Pactiv LLC
  • OrCon Industries Corporation
  • Henry Molded Products, Inc

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on food paper tray market segments and geographies.

Regional Analysis Includes-

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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