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.
The plastic tray market report includes global as well as emerging players:
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The insights for each vendor consists of:
Important regions covered in the plastic tray market report include:
The plastic tray market report also provides data regarding the key countries in the defined regions.
By Material Type:
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:
What insights does the plastic tray market report provide to the readers?
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Questionnaire answered in the plastic tray market report include: