Fluted Carton Trays Market Overview
Fluted Carton Trays Market includes shipping boxes, retail display stands, used for packaging of goods with low shelf life, food and beverages, non-food or non-manufacturing products i.e., used in wholesale trade and retail services.
This market will have a boon of usage in electrical, electronics, home care, food & beverages, healthcare, logistics and transportation sectors. Food and Beverages are considered to be the highest consumer of the fluted carton tray market. However, E-commerce is conceded to have the highest application of this market in the future.
Electronics and Electrical sectors have witnessed a forecast of growth in the fluted carton trays market due to import and export of applications such as Television sets, smartphones, music systems, tablets, laptops that too majorly in the booming Asian market where the economies are rising along with the standard of living of middle-class families which drastically impact the market indirectly.
What Drives the Growth of Fluted Carton Trays Market?
The rise in demand for economical, lightweight and environment-friendly packaging methods from sectors like pharmaceuticals, food & beverages, healthcare, electronics & electrical will be the driving force of growth for the Fluted Carton Trays Market in the coming years.
The major benefit of this market is that fluted carton trays are made without the use of bleach and dyes which further decreases the carbon footprint and level of recyclability. The market is integrating primarily due to escalating margin pressure and blending of the consumer base.
Latin America, Middle East and Africa along with South Asia have seen an increase in economies in most countries in the last 10-15 years due to the onset of globalization and consumerization, thus increasing the demand for a more reliable product rather than cheap ones. This would also be a major driver that contributes to the growth of the Fluted Carton Trays Market.
Agriculture is the largest primary sector of produce for food and beverages with the rising population and newly developed crops the requirement for fluted cartons will increase exponentially to support the supply chain. The European market is dominated by the food industry and so the requirement of a fluted carton market for processed and preserved foods will increase in the region.
What Restrains the Growth of Fluted Carton Trays Market?
Government regulations will implicate the market and key players to have major changes in the production and increase in usage of biodegradable material in the fluted carton trays. To meet the regulations companies, need to spend a handsome amount on the R&D facilities to improve the quality of the product while adding the biodegradable feature and retaining the durability of the product.
Strict regulations in North American and European markets would drive the production in the Asia Pacific market until the changes and adoption of eco-friendlier products are introduced.
How will Urbanization and Changing Lifestyle will impact the Fluted Carton Trays Market?
Change of lifestyle is happening across the globe, per capita income of families has increased as recorded by World Bank in generality and so does the standard of living along with the need for an easy and unique living. With the onset of urbanization, the market has become more and more consumer-oriented which is why it wouldn't be difficult to call it the rise of consumerization.
This trend affects every sector to provide a better quality of the product for the consumer adding features like reliability, uniqueness and the most importantly eco-friendly. This is a positive change that will affect the market in such a manner that even after investing a large sum of money into R&D, manufacturing giants will see a boom in revenue from production.
Gradually the market will see a rise throughout the globe especially in South Asia where economies are booming extravagantly not only booming they are skyrocketing through the charts. In the upcoming years, consumerization will be the factor that would be an exponential add to the urbanization we all are seeing.
What will be the Impact of New Innovations on the Fluted Carton Trays Market?
Innovations that the fluted carton trays market have seen is upcoming of biodegradable materials for manufacturing under the regulations imposed by the government. The impact of these innovations will be the preservation of the environment, though a bit capital consuming at the start this is a sector of ever-increasing output.
The designs, durability and uniqueness would be added features for the public who is more driven towards the stylish aspect of life.
Key players in the Fluted Carton Trays Market are
- DS Smith Packaging Limited
- Menasha Corporation
- Wisconsin Packaging
- Klabin S.A.
- Westrock Company
- Pratt Industries Limited
- Oji Holdings Corporation
- Saica Group
- Renco Co. Ltd.
- TGI Packaging Pvt. Ltd.
- Smurfit Kappa Group PLC
- Georgia Packaging LLC
- Mondi Group
- Cascades Incorporated
- Rengo Co. Ltd.
the Asia Pacific is considered highest producer in the market whereas North America is the largest Consumer Market.
What Strategies are Being Adopted for an Increasing Share in the Fluted Carton Trays Market?
Adapting for the expansion of E-Commerce will bolster the market to new heights, the especially Asian market has seen a rise as the demand for the product is increasing in rising economies. In the developed markets of Europe and North America, the driving force will be in favour of the companies who have transformed towards the bio-degradable approach of manufacturing fluted carton trays with a large shelf-life.
Single wall board will soon be taken over by single face board which would be further transformed into double and triple wallboard in terms of material used to increase the durability and the capacity of the holding weight.
How Asia-Pacific Market is Expected to Create Exponential Demand for Fluted Carton Trays Market?
The Asia-Pacific has a large demand for this market, along with an increase in food & beverages, electronics, personal care products, e-commerce, healthcare due to the development of lifestyle and increase in the standard of living. This will create a demand for fluted carton trays due to the increase in usage by the consumer which is the commercial as well as domestic approach.
The per capita income of families in second & third world nations are rising, people from both the countryside and the metropolitan cities are directly impacting the consumption rate due to their need for a durable, unique and safe product. So, with the onset of this trend government is also tightening its regulations on the manufacturers to drive them towards the recyclable side of the industry.
Thus making the market eco-friendly and decreasing the carbon footprint and saving nature. As people are now growingly demanding the new styles and inclined towards more comfort while carrying their goods also have a sense of responsibility towards the environment, thus increasing the demand simultaneously which will inevitably raise the market for fluted carton trays.
How COVID-19 impacted the Growth of the Fluted Carton Trays Market?
The impact of the COVID-19 pandemic had a positive impact on the Fluted Carton Trays market. In the initial phase of lockdown and rising cases of COVID-19 we saw a disruption of the supply chain for the sector, but this was taken care of by minute and effective policies made by government organizations.
People are now driven towards the fact of recycled goods and this pandemic thought humans one most important things that none of us paid attention to i.e. sanitation and hygiene. With the use of fluted carton trays, the risk factor involved in the transit of essential materials is reduced to a much lesser number as a whole.
Hygienic, Durable, Biodegradable, Unique are the qualities that have made them a tool for a proper and safe platform for the transport of food, medicines, essential goods, along with working as a huge saviour for the e-commerce industry in this time had made the fluted carton trays much more effective and highly recommended across the end-use industries.
Adding of the government regulations didn't hamper the production though slowed it, it was a necessity to be faced even during these times when we need to take care of the eco-system and the human populace.
Key Segments of Fluted Carton Trays Market Covered in the Report
Based on Flute Type:
- B Flute
- BC Flute
- C Flute
- E Flute
- Micro Flute
Based on Product:
- Single Wall Board
- Single Face Board
- Double Wall Board
- Triple Wall Board
Based on End-Use Industry:
- Food and Beverages
- Electrical and Electronics
- Home care
- Logistics &Transportation
- Others (E-commerce)
Based on Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa