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Plastic Tray Market Plying for Significant Growth During 2027

January 21, 2020 by Amanpreet  

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global plastic tray market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.

The plastic tray market is projected to expand at a very slow phase with the global sales of plastic tray surpassing US$ 7,000 million by the end of 2018, according to the latest report by Fact.MR. Introduction of eco-friendly alternatives to the plastic trays such as fiber-based trays, bagasse or sugarcane trays, paper trays, and plant-based plastics are emerging as a threat in the growth of the plastic tray market. However, manufacturers in the plastic tray market are focusing on developing reusable and recyclable plastic trays.

Moreover, the rise in human health concerns due to use of plastic is also leading to the development of new products, for instance, companies have started offering BPA-free plastic products, including plastic trays, bottles, containers, and other products. Companies are also investing in the research and development of plastic trays that are safe to use across industries including food and beverages, personal care, pharmaceuticals, and consumer electronics.

Competitive Assessment

The plastic tray market report includes global as well as emerging players:

  • DS Smith Plc
  • Winpak Ltd.
  • Huhtamaki Oyj
  • Bemis Co. inc.
  • RPC Group Plc
  • Genpak LLC
  • Placon
  • Lacerta Group Inc.
  • Sonoco Products Company
  • VisiPak

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The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

Regional Analysis

Important regions covered in the plastic tray market report include:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

The plastic tray market report also provides data regarding the key countries in the defined regions.

Segmentation Analysis

By Material Type:

  • Polyethylene Terephthalate
  • Polystyrene
  • Polypropylene
  • PVC

High-recyclability property of PET material is leading to the growing popularity in the plastic tray market. Companies in the plastic tray market are using a recycled PET to produce plastic trays as it is lightweight, shatterproof, cost-effective, and saves energy. The packaging industry across the world is using PET material on a large scale. For instance, Europe is witnessing the significant growth of PET trays in the packaging industry in the region.

Recycling of PET trays and bottles is also significantly growing with new technologies and equipment to ensure proper recycling of PET plastic trays. Also, according to Recoup, a plastic organization in the UK, nearly 70,000 tons of PET plastic trays are collected in the UK every year.

By End User:

  • Retail Based
  • Food Beverage
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Industrial Goods
  • Electronics

What insights does the plastic tray market report provide to the readers?

  • Plastic tray market fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each plastic tray market player.
  • Various regulations imposed by the governments on the consumption of plastic tray market in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global plastic tray market.

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Questionnaire answered in the plastic tray market report include:

  • What is the present and future outlook of the global plastic tray market on the basis of region?
  • What are the challenges and opportunities for the plastic tray market?
  • Why the consumption of plastic tray market highest in region?
  • In which year segment is expected to overtake segment?