Because they are affordable, lightweight, and durable, trays are frequently utilised as major packaging materials by food chains, eateries, pharmaceutical companies, etc. These are the main factors influencing the trays market.
The growing awareness of the utilisation of hygienic packaging solutions for various food packaging applications is one of the main driving reasons for the trays industry. The preference for ready-to-eat meals has come to light as a major cause in the trays’ two-fold increase in sales.
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The demand for trays with MAP and intelligent technology-based packaging is growing significantly because hygiene is the top concern among customers. Comparing the ready meal trays to other possibilities, they guarantee durable and affordable packaging material.
Partitioned trays make it possible to store a variety of goods in a single packing type, which eliminates the need for additional packaging. As a result, packaging is more affordable for consumers.
Based on these variables, it is anticipated that the worldwide tray market would create new records and grow 2.2 times until 2032.
List Of Key Players Covered in Trays Market are:
- Sonoco Products Company
- Genpak LLC.,
- Pro-Pac Packaging Limited,
- Pactiv LLC.,
- Winpak Ltd.
- Pack LLC,
- Henry Molded Products, Inc.,
- OrCon Industries Corporation,
- Fibercel Packaging Llc.,
- Faerch A/S,
- Silver Plastics GmbH & Co. KG
- Quinn Packaging.
- Kari-Out Company
- Cascades Inc
- Huhtamaki Oyj
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Key Takeaways from Trays Market
- Plastic trays are expected to account for nearly 2/3rd of demand share in the global trays market.
- Around 80% trays are consumed in the food packaging industries. However, the other industries such as electrical and electronics are gradually switching to present their products with the help of molded fiber trays.
- Partition trays or cavity trays will create an incremental opportunity of US$ 18 Bn in next decade.
- South and East Asia are expected to have high demand for trays packaging, thereby increasing the market growth till 7-9% in 2022-2032.
- Sales of trays in North America and Europe are expected to increase at a moderate growth rate in near future.
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Global Trays Market By Category
By Material Type:
- Plastic
- Meat, Poultry & Seafood
- Dairy Products
- Fruits & Vegetables
- Ready-to-Eat Meals
- Other Food Products (Bakery, Snacks, etc.)
- Aluminum Foil
- Molded Fiber
- Paper& Paperboard
By End User:
- Food
- Personal Care & Cosmetics
- Pharmaceutical
- Other End Use (Electronics, etc.)
By Product Type:
- With cavity
- Without Cavity
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
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