The global demand for Punnet Trays Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
A punnet tray is a small rigid box or a container used for gathering, transporting, and sales of fruit and vegetables. They are typically used for items susceptible to bruising, spoiling, and squashing. Punnet trays also serve as a rough measure for the quantity of irregular-sized fruits. Punnets are made in various dimensions of semi-rigid, transparent, lightweight polyethylene terephthalate (PET) with lockable lids or of a clamshell design and with vents. Trays made of cardboard, molded pulp, and corrugated fiberboard are available. Decorative punnet trays are often made of felt and are used in flower and craft arrangements. These trays permit visual examination by the consumer but avoid any physical contact with the product.
Market Dynamics
The growing demand for sustainable packaging across several industries will be the main driving force for the punnet trays market. Availability of customized paper-based punnets of varied Dimensions and shapes will enhance the market growth. These punnets are in high demand in the packaging industry as they can readily travel through the supply chain, be filled on automatic lines, and offer increased shelf visibility and differentiation. The Curbside recyclable nature of these punnets will be a market booster. These punnets are highly sought after in the retail sector. It delivers reassurance to customers that their fresh fruit and vegetables are sealed in hygienic packs that are fully recyclable and from certified sources. The stringent government regulations regarding the use of plastic will be the main restraining factor for market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of punnet trays. The growth and trends of Punnet Trays Industry provide a holistic approach to this study.
Market Segmentation
This section of the punnet trays market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyethylene
- High Impact Polystyrene (HIPS)
- Polyvinyl Chloride (PVC)
- Others
By Product Type
- Insert Trays
- Standard Trays
- Shelf Display Trays
- Others
By End Use
- Food & Beverages
- Electronics
- Pharmaceuticals
- Healthcare
- Horticulture
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Punnet Trays market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Punnet Trays Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the punnet trays market include Nirmala Pet A Pack Private Limited., Earthpac., RPPL Industries Ltd., Produce Packaging (UK), J-Tech Systems., AVI Global Plast., Starlight Packaging., Associated Packaging, Inc., YV Packaging. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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