According to a market report by Lucintel, the future of the global compostable paper tray market looks promising with opportunities in the food & beverage, retail, healthcare, consumer good, personal care & cosmetic, and electrical & electronic markets. The global compostable paper tray market is expected to growth with a CAGR of 5.10% from 2024 to 2030. The major drivers for this market are growing emphasis on sustainability and decrease in the waste produced by plastic packaging and increasing use in the packaging industry.
A more than 150-page report to understand trends, opportunity and forecast in compostable paper tray market to 2030 by source (virgin and recycled), material type (corrugated boards, molded pulp, and boxboards & cartons), end use (food & beverage, retail, healthcare, consumer goods, personal care & cosmetic, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the source category, virgin will remain a larger segment over the forecast period due to extensively used to produce goods made of paper and paperboard in the packaging industry.
Within the end use category, food & beverage will remain the largest segment.
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In terms of regions, North America will remain the largest region over the forecast period.
Mondi Group, Huhtamaki, International Paper, BillerudKorsnas, UFP Technologies, CS Packaging, Stora Enso, Novolex, Orcon Industries, Athena Superpack Private are the major suppliers in the compostable paper tray market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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