By 2032, the market for rigid trays is expected to be valued at US$ 85,986.3 million, up from US$ 58,650.8 million in 2022, growing at a CAGR of 3.9%.
Rigid trays are selling better since they are a crucial component of the entire packaging business. Plastic polymers like polypropylene (PP), high-density polyethylene (HDPE), and polyethylene are used in the rigid trays market. Because they are so strong and light, rigid trays are in higher demand. Moreover, rigid trays can be used to package both fresh and processed meals, and they are made in a way that increases the items’ shelf lives.
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They are becoming more and more popular on the global market because they offer oxygen barriers that keep boxed meals fresh. It is anticipated that the market for rigid trays would grow. These trays are often referred to as thermoformed trays.
Competitive Landscape
Who are some of the Key Market Players in the Rigid Trays Market?
The key market players profiled in the report include ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Pactiv Evergreen Inc, Sealed Air Corporation, Silgan Holdings, Inc., and Sonoco Products Company.
The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the changing consumer demands.
Key Players:
- ALPLA-Werke Alwin Lehner GmbH & Co KG
- Amcor Limited
- DS Smith Plc
- Berry Plastics Corporation
- Klöckner Pentaplas
- Plastipak Holdings, Inc.
- Pactiv Evergreen Inc.
- Sealed Air Corporation.
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Key Market Segments in the Rigid Trays Market
By Product Type:
- Plastic rigid trays
- Metal rigid trays
By Size:
- D1 Range
- D2 Range
- D13 Range
- D18 Range
- D15 Range
- Others
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By Material Used:
- PP
- PET
- rPET
- HDPE
- HIPS
- PVC
- LDPE
- ABS
- Others
By End-Use Industry:
- Pharmaceutical Industry
- Food & Beverage Industry
- Electrical and Electronics Industry
- Consumer Goods Industry
- Health Care Industry
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