Compostable Paper Tray Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Compostable Paper Tray Market Size-By End User, By Material Type, By Source- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: FMCG2328 | Pages: 1 - 243 | Formats*: |
| Category : Consumer & Retail | |||
Global Compostable Paper Tray Market Overview
According to SPER Market Research, the Global Compostable Paper Tray Market is estimated to reach USD 976.86 billion by 2032 with a CAGR of 6.85%.
A compostable paper tray is a disposable tray made from compostable materials that can be easily broken down in a composting process. These trays are commonly used in foodservice operations for serving meals and snacks. Compostable paper trays are made from natural fibers, such as wood pulp or bagasse (sugarcane waste), and are designed to break down into organic matter when they are exposed to the right conditions, including heat, moisture, and microorganisms. Using compostable paper trays instead of traditional plastic or Styrofoam trays can have a positive impact on the environment, as they reduce waste and are made from renewable resources. They can also help to reduce greenhouse gas emissions by diverting organic waste from landfills, where it can contribute to the production of methane gas. When disposing of compostable paper trays, it is important to ensure that they are properly composted in an industrial composting facility, as they may not break down properly in a backyard compost bin.
The demand for sustainable and eco-friendly packaging solutions is driving the growth of the global compostable paper tray market in various industries, including foodservice, healthcare, and retail. Compostable paper trays are being preferred over traditional plastic and Styrofoam trays as they offer an economical and environmentally-friendly option. The increasing awareness among consumers and businesses about the harmful effects of single-use plastics on the environment is one of the main factors driving the compostable paper tray market. Governments across the globe are implementing policies and regulations to curb plastic waste, which is also fueling the demand for compostable paper trays.
Compostable paper trays are widely used in the foodservice industry, including fast-food restaurants, cafes, and catering services. Additionally, the healthcare industry is also witnessing a growing demand for compostable paper trays as they are being used for medical devices and packaging.
Impact of COVID-19 on the Global Compostable Paper Tray Market
The global compostable paper tray market has experienced both positive and negative effects due to the COVID-19 pandemic. The pandemic has led to an increased concern about the usage of single-use plastics, including traditional plastic and Styrofoam trays, resulting in a higher demand for sustainable and eco-friendly packaging solutions such as compostable paper trays. However, the pandemic has also caused disruptions in global supply chains leading to a decrease in demand for non-essential goods, including compostable paper trays.
The foodservice industry, which is the primary user of compostable paper trays, has been negatively impacted by the pandemic due to lockdowns and restrictions on dine-in services, leading to a drop in demand for compostable paper trays from this industry. However, there has been an increase in demand for compostable paper trays from the healthcare industry due to the heightened need for medical supplies and protective equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By End User, By Material Type, By Source |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Mondi Group plc, Huhtamaki Oyj, International Paper, BillerudKorsnas, UFP Technologies Inc., CS Packaging Inc, Stora Enso, Novolex, Orcon Industries, Athena Superpack Private Limited, Henry Molded Products Inc. |
Target Audience:
- Food Service Industry
- Healthcare Industry
- Retail Industry
- Environmentally conscious consumers
Global Compostable Paper Tray Market Segmentation:
1. By End User:
- Retail
- Food And Beverages
- Personal Care And Cosmetic
- Healthcare
- Consumer Durables
2. By Material Type:
- Boxboards/Cartons
- Corrugated Boards
- Molded Pulp
3. By Source:
- Virgin Fiber Paper Trays
- Recycled Fiber Paper Trays
- Other Source Fiber Paper Trays
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Compostable Paper Tray Market Size (FY’2019-FY’2032)
- Overview of Global Compostable Paper Tray Market
- Segmentation of Global Compostable Paper Tray Market By End User (Retail, Food and Beverages, Personal Care and Cosmetic, Healthcare, Consumer Durables, Others)
- Segmentation of Global Compostable Paper Tray Market By Material Type(Corrugated Boards, Boxboards/Cartons, Molded Pulp)
- Segmentation of Global Compostable Paper Tray Market By Source (Virgin Fiber Paper Trays, Recycled Fiber Paper Trays, Others)
- Statistical Snap of Global Compostable Paper Tray Market
- Growth Analysis of Global Compostable Paper Tray Market
- Problems and Challenges in Global Compostable Paper Tray Market
- Competitive Landscape in the Global Compostable Paper Tray Market
- Impact of COVID-19 and Demonetization on Global Compostable Paper Tray Market
- Details on Recent Investment in Global Compostable Paper Tray Market
- Competitive Analysis of Global Compostable Paper Tray Market
- Global Compostable Paper Tray Market Major Players
- SWOT Analysis of Global Compostable Paper Tray Market
- Global Compostable Paper Tray Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Compostable Paper Tray Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Compostable Paper Tray Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Compostable Paper Tray Market
7. Global Compostable Paper Tray Market, By End User, 2019-2032 (USD Million)
7.1 Retail7.2 Food And Beverages7.3 Personal Care And Cosmetic7.4 Healthcare7.5 Consumer Durables
8. Global Compostable Paper Tray Market, By Material Type, 2019-2032 (USD Million)
8.1 Boxboards/Cartons8.2 Corrugated Boards8.3 Molded Pulp
9. Global Compostable Paper Tray Market, By Source, 2019-2032 (USD Million)
9.1. Virgin Fiber Paper Trays9.2. Recycled Fiber Paper Trays9.3. Other Source Fiber Paper Trays
10. Global Compostable Paper Tray Market, By Region, 2019-2032 (USD Million)
10.1 Global Compostable Paper Tray Market Size and Market Share By Region (2019-2025)10.2 Global Compostable Paper Tray Market Size and Market Share By Region (2026-2032)10.3 Asia –Pacific
10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada10.6.2 Mexico10.6.3 United States
10.7 Latin America
10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 Mondi Group plc
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Huhtamaki Oyj
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 International Paper
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 BillerudKorsnas
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 UFP Packaging Inc.
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 CS Packaging Inc
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 Stora Enso
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Novolex
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Orcon Industries
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 Athena Superpack Private Limited
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 Henry Molded Products INC.
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The increasing awareness among consumers and businesses about the harmful effects of single-use plastics on the environment is one of the main factors driving the compostable paper tray market.
Compostable Paper Tray Market is projected to reach USD 976.86 billion by 2032, growing at a CAGR of 6.85% during the forecast period.
Compostable Paper Tray Market grew in market size from 2021. The Market is expected to reach USD 976.86 billion by 2032, at a CAGR of 6.85% during the forecast period.
Compostable Paper Tray Market CAGR of 6.85% during the forecast period.
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Compostable Paper Tray Market size is USD 976.86 billion from 2022 to 2032.
Compostable Paper Tray Market Segment is covered By End User, By Material Type, By Source.
The North America region is anticipated to have the highest market share in the Compostable Paper Tray Market.
The key players in the market include Companies Covered Mondi Group plc, Huhtamaki Oyj, International Paper, BillerudKorsnas, UFP Technologies Inc., CS Packaging Inc, Stora Enso, Novolex, Orcon Industries, Athena Superpack Private Limited, Henry Molded Products Inc.
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