The global demand for Thermoformed Trays Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Thermoformed trays are produced by pressing heated plastic over a carefully-tooled template. It provides a snug fit, range from simple as a flat to a multi-cavity design for items such as food items, baked products, fine chocolates, and lipstick tubes. Thermoformed custom plastic trays have a range of properties: durability, resistance to impact or abrasion, ability to withstand harsh chemicals, formable in a variety of colors and textures, resistance to hot or cold temperatures, and flame retardant grades. These trays are made of various materials such as plastic or paper pulp; the most frequently used materials are PVC, HDPE, PE, and PETG.
Thermoformed trays are finding a tremendous market due to unique designs, attractive look, low weight, ease of transportation, and low permeability. Trends in the food industry like ready to eat a meal, ready to eat, and online food commerce of food is encourang the growth of the market. Also, availability in a range of sizes at lower costs is further propelling the growth. To explore untapped market, players are collaboratiing with the supply chain, including the manufacturer, fabricator, intermediate, and product supplier. However, other substitute options will hinder the demand for thermoformed trays during the forecast period.
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 inclusive assessment of each application/product segment in the global market of thermoformed trays.
The entire thermoformed trays market has been sub-categorized into type, material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Shipping Trays
- Material Handling Trays
- Pick & Place Trays
- Part Protection Trays
- ESD Protection Trays
- Automation Trays
- Medical Trays
- Drip Tray
- Industrial Goods
- Cosmetics and Personal Care
This section covers regional segmentation which accentuates on current and future demand for thermoformed trays market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Thermoformed Trays Market Share by Region (Representative Graph)
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 thermoformed trays market include Pactiv LLC, Anchor Packaging, Inc., Display Pack, Inc., Huhtamaki Oyj, Bemis Company, Inc., D&W Fine Pack LLC, First Pack LLC, Tray-Pak Corporation, Sonoco Products Company, Placon Corporation. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.