Market Overview:
The global industrial trays market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial trays from various end-use industries, such as food and beverages, automotive and mechanical parts, pharmaceuticals, electrical and electronics, healthcare, and others. In terms of type, the metal industrial tray segment is expected to dominate the global market during the forecast period owing to its properties such as durability and resistance against corrosion. In terms of application, the food and beverage segment is projected to lead the global market during the forecast period due to rising demand for processed foods across different regions.
Product Definition:
Industrial trays are used to transport, store or process materials. They can be made from a variety of materials, including metals, plastics and composites. Industrial trays are often used in manufacturing and assembly lines to move parts and products around the factory.
Metal Industrial Trays:
Metal industrial trays are used for packaging and holding small to large size metal parts, components or products in an industrial setting. Metal Industrial Trays can be made of plastic as well as metal. Plastic based trays are not suitable for heavy duty applications but can be used for light weight applications such as automotive, electronics and appliances among others. On the other hand, metal based trays have high durability and strength which is suitable only for heavy duty applications (more than 6 kg load capacity).
Plastic Industrial Trays:
Plastic industrial trays are used for packaging and holding products in an industrial setting. These trays come in various shapes, sizes, and designs to suit a wide range of applications. Plastic Industrial Trays can be single or double deckers; they can also be stackable depending upon the quantity required by the end user. They are available with lids that can further be used as dispensing valves or funnels depending upon the end use requirement.
Application Insights:
The food and beverages application segment led the global market in 2017. The application is projected to witness significant growth over the forecast period owing to rising demand for packaged foods including ready-to-eat meals, frozen meals, snack foods and bakery products. In addition, growing consumption of alcoholic drinks including wine is expected to drive product demand over the next eight years.
The automotive and mechanical parts application segment accounted for a revenue share of 15.9% in 2017 on account of high product utilization across various industries such as oil & gas, aerospace & defense among others where precision engineering tools are used consistently. These trays are widely utilized as they offer ease in handling small parts that require assembly or disassembly with utmost safety due to its non-skid base feature which prevents part slipping off during handling or transportation process respectively thereby boosting industry growth over the coming years globally.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential customer base for industrial trays. China, India, Japan, South Korea are some of the largest countries with large consumer bases that have been fueling demand in this region.
The market in North America is anticipated to witness significant growth over the forecast period owing to increasing investments by prominent players and favorable government initiatives such as “Make in India†campaign by Indian prime minister Narendra Modi who encourages domestic manufacturing activities through various policies such as 100% FDI under automatic route for manufacturing products from non-automatic mode including services within India or outside it up to 100 km from any international border. This will create opportunities for manufacturers across all industries including food and beverages, automotive and mechanical parts among others.
Growth Factors:
- Increasing demand from the packaging and food processing industries
- Growing popularity of industrial trays for use in laboratory applications
- Rising demand for lightweight and durable trays from end-use industries
- Technological advancements in tray manufacturing processes
- Growing awareness about the benefits of using industrial trays among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Trays Market Research Report
By Type
Metal Industrial Trays, Plastic Industrial Trays
By Application
Food and Beverages, Automotive and Mechanical Parts, Pharmaceutical, Electrical and Electronics, Healthcare, Others
By Companies
Parmar Industries, Engineered Components & Packaging, Vel Pack Industries, Prent Corporation, Tray-Pak Corporation, Dordan Manufacturing Company, Molded Fiber Glass Tray Company, Bardes Plastics, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Trays Market Report Segments:
The global Industrial Trays market is segmented on the basis of:
Types
Metal Industrial Trays, Plastic Industrial Trays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Automotive and Mechanical Parts, Pharmaceutical, Electrical and Electronics, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parmar Industries
- Engineered Components & Packaging
- Vel Pack Industries
- Prent Corporation
- Tray-Pak Corporation
- Dordan Manufacturing Company
- Molded Fiber Glass Tray Company
- Bardes Plastics, Inc
Highlights of The Industrial Trays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Industrial Trays
- Plastic Industrial Trays
- By Application:
- Food and Beverages
- Automotive and Mechanical Parts
- Pharmaceutical
- Electrical and Electronics
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Trays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial trays are a type of food packaging that is made from a number of materials, including paper, plastic, and metal. They are often used to store food items in warehouses or factories.
Some of the major companies in the industrial trays market are Parmar Industries, Engineered Components & Packaging, Vel Pack Industries, Prent Corporation, Tray-Pak Corporation, Dordan Manufacturing Company, Molded Fiber Glass Tray Company, Bardes Plastics, Inc.
The industrial trays market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Trays Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Trays Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Trays Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Trays Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Trays Market Size & Forecast, 2020-2028 4.5.1 Industrial Trays Market Size and Y-o-Y Growth 4.5.2 Industrial Trays Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Industrial Trays
5.2.2 Plastic Industrial Trays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Automotive and Mechanical Parts
6.2.3 Pharmaceutical
6.2.4 Electrical and Electronics
6.2.5 Healthcare
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Trays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Trays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Industrial Trays
9.6.2 Plastic Industrial Trays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Automotive and Mechanical Parts
9.10.3 Pharmaceutical
9.10.4 Electrical and Electronics
9.10.5 Healthcare
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Industrial Trays
10.6.2 Plastic Industrial Trays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Automotive and Mechanical Parts
10.10.3 Pharmaceutical
10.10.4 Electrical and Electronics
10.10.5 Healthcare
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Industrial Trays
11.6.2 Plastic Industrial Trays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Automotive and Mechanical Parts
11.10.3 Pharmaceutical
11.10.4 Electrical and Electronics
11.10.5 Healthcare
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Industrial Trays
12.6.2 Plastic Industrial Trays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Automotive and Mechanical Parts
12.10.3 Pharmaceutical
12.10.4 Electrical and Electronics
12.10.5 Healthcare
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Industrial Trays
13.6.2 Plastic Industrial Trays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Automotive and Mechanical Parts
13.10.3 Pharmaceutical
13.10.4 Electrical and Electronics
13.10.5 Healthcare
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Trays Market: Competitive Dashboard
14.2 Global Industrial Trays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parmar Industries
14.3.2 Engineered Components & Packaging
14.3.3 Vel Pack Industries
14.3.4 Prent Corporation
14.3.5 Tray-Pak Corporation
14.3.6 Dordan Manufacturing Company
14.3.7 Molded Fiber Glass Tray Company
14.3.8 Bardes Plastics, Inc