Future Market Insights
The demand within the global insert trays market has been rising on account of advancements in several end-use industries. These trays come in handy for a variety of purposes which gives an impetus to the growth of the global market. Insert trays can be made up of a range of materials including fibres, plastic, and biodegradable materials. These trays have a unique design with various sections for storage of items, and this makes them extremely useful in multiple industries. The manufacture of insert trays follows a meticulous pattern to ensure quality and utility. Hence, the global insert trays market is projected to expand at a stellar pace in the years to come. The total revenues within the global insert trays market shall also increase in the years to follow.
Insert trays are used in bakeries and confectioneries to give shape to chocolates, sweets, and other products. This factor has played a major role in the growth of the global insert trays market in recent times. Furthermore, insert trays are a part of refrigerators, and are used for storing water that gets converted to ice cubes. The use of insert trays in the overall food industry has played a vital role in propelling market demand.
On the basis of geography, the global insert trays market has earned humongous revenues from North America and Europe. This owes to the use of insert trays in the field of food processing, baking, and confectioneries. Other key regional segments within the global insert trays market are Europe and the Middle East and Africa.
Markets that serve end users heavily rely on packaging systems to communicate value offering to consumers, wherein packaging systems provide user convenience that results in ease in product usage. Insert trays are widely used in packaging of diverse products such as solid foods, electronic accessories, mechanical tools, stationeries, etc. Insert trays have emerged as critical packaging solution to organize and protect products inside the packaging. Insert trays have helped manufacturers to provide consumer value at affordable solution. The global insert trays market has evolved primarily to serve accessories and other products that have several components as part of one product offering. Insert trays have allowed manufacturers to deliver such product offerings in an organized and systematic manner. Consumers perceive products thus offered to be of high quality.
Global Insert Trays Market: Market Dynamics
Insert trays manufactured using thin gauge thermoforming technology have contributed largely to the revenues of plastic packaging manufacturers. Plastic packaging manufacturers serving primarily to the food and retail sector have invested in custom and tailor made product offering capabilities in order to satisfy the challenging requirements of their clients. Custom thermoformed insert trays are observed to be an emerging trend in the global insert trays market.
Packaging manufacturers are also incorporating insert trays to address the functional issues faced in packaging systems. Packaging solutions provider Swedbrand Group has used insert trays in their bag in box packaging systems to deliver an innovative solution to dispense wine. In August 2016, the company launched its patented ‘Topflow’ technology for its bag in box packaging product that involved an insert tray which allows dispensing of wine from top of the box.
Appropriate design and forming of insert trays have allowed manufacturers to pack products in manner that can save costs as well as reduce the space occupied on retail shelves. Insert trays have allowed manufacturers to organize products such that they consume overall less packaging space. The global insert trays market has been benefited by the consequent size reduction of packaging systems easing the supply chain challenges and retail shelf issues. However, the enormous opportunities offered by thermoforming capabilities to innovate in terms of packaging shapes and sizes have allowed manufacturers to organize and pack products in alternative thermoformed products other than insert trays
Global Insert Trays Market: Market Segmentation
The global insert trays market is segmented based on material type and by application. As per the type of material used the global insert trays market is segmented into polyethylene terephthalate (PET), post-consumer recycled PET (rPET), polystyrene, polypropylene (PP), and paper. As per the application type the global insert tray market is segmented into food, cosmetics, stationery, electronic devices and accessories, personal care and others.
Global Insert Trays Market: Regional Outlook
Geographically the global insert trays market is segmented into 5 key regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa (MEA).
Asia Pacific insert tray market is expected to show the highest growth rate in the global insert trays market, particularly due to growth in retail sector in the region. Population in APAC region are getting exposed to modern retail formats such as departmental store, supermarkets, cash and carry, etc., which have boosted the average consumer spending in the region. The retail revolution has consequently pushed the demand for insert trays for packaging in the APAC region. North America and Europe together are estimated to constitute more than 45% of the global insert trays market. Strong consumption and established consumer sectors such as food, personal care, cosmetics, electronic devices, etc contributes heavily to the insert trays market in North America and Europe. Latin America is expected to show gradual increment in the market expansion for insert trays.
Global Insert Trays Market: Key Players
Some of the players operating in the global insert tray market are Dordan Manufacturing Company, Engineered Components & Packaging, LLC., Southpack, Durphy Packaging Company, USK Balaji Plast Pvt. Ltd, T.O. Plastics, Inc., and Indepak.
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 in-depth analysis of parent market trends, macro-economic 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.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
Eastern Europe (Russia, Poland)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.