Fibreglass Trays Market: An Overview
The global fiberglass trays demand is anticipated to increase at around 4.2% to 4.6% CAGR during the forecast period.
Fiberglass trays are made of a high-strength glass-reinforced composite and offers an excellent presentation and storage for food, bakery and confectionery, and other products. Fiberglass trays are great for serving salads, pasta desserts, and other food products. Fiberglasses are stain & odor resistant, thick construction with embedded, metal reinforced rods, and its air-flow corners ensure fast drying times. Fiberglass trays are highly useful and cost-effective alternatives to metal trays and containers. Thus, it is widely used in end-use industries such as food service, bakery, and confectionery, pharmaceuticals, medical and others. Fiberglass trays are available in various sizes and shapes and can be personalized with an image or logo for branding purposes. Thus, the global fiberglass trays market is expected to register a notable growth rate during the forecast period.
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Fibreglass Trays Market: Dynamics
High growth rate of the food service industry created a significant demand for convenience products. The global fiberglass trays market is likely to expand on the backdrop of the food service industry. The exceptional characteristics of fiberglass trays market such as easy to store, easy clean-up after, convenient and economical nature is likely to drive the growth of global fiberglass trays market during the forecast period.
However, the food serves in fiberglass trays remain safe and consistent without any change in taste. This factor is likely to escalate the growth of the global fiberglass trays market during the forecast period. Also, it’s increasing use in end-use industries such as bakery & confectionery, pharmaceuticals, medical, household and others are expected to propel the growth of global fiberglass trays market during the forecast period. Overall, the global outlook for the fiberglass trays market is expected to remain positive during the forecast period.
Fibreglass Trays Market: Segmentation
On the basis of sales channel, the fibreglass trays market is segmented into:
- Manufacturers (Direct Sales)
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores & Warehouse/Wholesale Clubs
- E-retail
On the basis of end use, the fibreglass trays market is segmented into:
- Foodservice
- Bakery & Confectionery
- Pharmaceuticals
- Medical
- Household
- Others
Fibreglass Trays Market: Regional Outlook
Asia Pacific excluding Japan (APEJ) region is expected to witness massive demand of fiberglass trays market during the forecast period attributing factors such as rapid expansion of end-user industries such as food service, bakery & confectionery, and others. China is expected to be at the forefront in terms of market share while India is likely to outpace other countries regarding the growth rate of fiberglass trays market during the forecast period. Western Europe is a significant shareholder of global fiberglass trays market and projected to expand with notable CAGR during the forecast period.
Germany is expected to be highly attractive in terms of market share and the growth rate of the fiberglass trays market during the forecast period. Japan is probable to witness the sluggish growth of the fiberglass trays market during the forecast period. Health growth of end-user industries in the North America region is likely to offer growth opportunities for fiberglass trays market during the forecast period. Emerging economies in Latin America and Middle East & Africa (MEA) are expected to present high growth opportunities for fiberglass trays market during the forecast period due to the continuous expansion of end-use industries. Russia is expected to dominate the Western Europe fiberglass trays market during the forecast period.
Fibreglass Trays Market: Key Players
Examples of some of the key players operating in the global fibreglass trays market are:
- Huhtamaki Group
- Molded Fiber Glass Trays Company
- Carlisle FoodService Products
- Roltex NV
- Keswick Trays
- Shawson Plastics
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Fibreglass Trays Market: Key Trend
Some of the key trends are observed among the fibreglass trays manufacturers are listed below:
- Several manufacturers of fiberglass trays market are focusing on recycling program of fiberglass trays along with enhancement of fiberglass trays properties such as resistant to stain and odor, convenience in storage & handling and others.
- Manufacturers of fiberglass trays are offering tailor-made solutions in order to fulfill the customers’ requirement along with printing for brand promotion.
- 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 market segments and geographies.
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Frequently Asked Questions (FAQs)
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