Rigid trays Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Global rigid trays market: Introduction

Rigid packaging plays an important role in overall packaging market. Rigid trays can be used for fresh foods as well as processed foods. Rigid trays are designed to extend the shelf life of the product. Rigid trays are durable and are designed to provide oxygen barrier to maintain freshness of the packaged meal. Rigid trays are manufactured using a variety of materials, such as PET, rPET and PP. Rigid trays are also known by other names such as, thermoformed trays. Rigid trays can be refrigerated using eutectic pads. PP rigid trays and pet rigid trays provide optimal rigidity, durability. Due to the property of hermitic seal the food remains airtight for longer time so that freshness of the food can be retained for the longer period of time, thereby enhancing shelf life of the product. Due to this property, the market for rigid trays is expected to receive a major boost, over the forecast period. Rigid trays are used in various end use industries such as, the food & beverage, pharmaceutical industry, and the electrical and electronics industry, among others. Rigid trays are used for packaging of fresh and frozen dinners, fresh salads, fresh produce, meat, seafood and poultry. Rigid trays are also used in pharmaceutical industries to create medical blisters and printed cut seal lids. Due to the wide range of application for rigid trays, the global market for rigid trays is likely to have a positive outlook, during the forecast period.

Global rigid trays market: Dynamics

One of the key factors, which is expected to contribute to growth of the global rigid trays market is growth in the number of retail outlets, especially in the emerging economies, along with increasing penetration of modern trade. Emergence of online food service apps has paved way for growth of the rigid trays market. The global rigid trays market is expected to grow on the backdrop of food and beverage industries growth, which is currently staggering around 5%.  As more developing countries continue to witness rise in the number of retail outlets, and changing consumer preferences and food consumption habits, the global rigid trays market is expected to witness healthy growth during the forecast period. Change in lifestyles of urban population in emerging economies such as India, has paved way for adoption of the on-the-go food consumption trend, which is expected to further boost the APEJ, and ultimately, the global rigid trays market. One of the major challenges posed to growth of the global rigid trays market is in the form of government rules and regulations against the use of thermoformed trays, which are difficult to decompose.

Global rigid trays market: Segmentation

The global rigid trays market has been segmented as follows –

On the basis of product type, the global rigid trays packaging market has been segmented as:

  • Plastic rigid trays
  • Metal rigid trays

On the basis of size, the global rigid trays packaging market has been segmented as:

  • D1 Range
  • D2 Range
  • D13 Range
  • D18 Range
  • D15 Range
  • Others

 On the basis of material used, the global rigid trays packaging market has been segmented as:

  • PP
  • PET
  • rPET
  • HDPE
  • HIPS
  • PVC
  • LDPE
  • ABS
  • Others

On the basis of end use industry, the global rigid trays packaging market has been segmented as:

  • Pharmaceutical Industry
  • Food & Beverage Industry
  • Electrical and Electronics Industry
  • Consumer Goods Industry
  • Health Care Industry
  • Others

Global rigid trays market: Geographical Outlook

The global rigid trays market has been divided into seven regions as follows –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

The Asia Pacific region is expected to account for the highest market value share in the global rigid trays market, owing to high population growth, coupled with increasing urbanization. The Western European region and the North American regions are expected to closely follow, in terms of value and volume. The Latin American region is expected to witness healthy growth during the forecast period. The region is yet to fully recover from the effects of the recession in 2015. Hence initial growth rate is expected to be moderate.

Global rigid trays market: Key Players

Few of the key players operating in the global rigid trays market are Pactiv LLC, Winpak Ltd., GY Packaging, Linpac Packaging Ltd., and EastCoast Packaging Corp, among others.

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:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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