Market Overview:
The global plastic ready meal tray 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 ready-to-eat food products, rising disposable income, and growing urbanization. In terms of type, the PET segment is expected to lead the global plastic ready meal tray market during the forecast period. This can be attributed to its properties such as shatterproof nature and high resistance against heat and chemicals. In terms of application, restaurants are expected to dominate the global plastic ready meal tray market during the forecast period owing to their growing popularity among consumers for convenience foods.
Product Definition:
A plastic ready meal tray is used to store and serve food. It is a thin, rectangular piece of plastic with raised edges that helps keep the food inside the tray. The tray is also often divided into sections to separate different types of food.
PET:
PET is Polyethylene Terephthalate, a non-toxic, lightweight and durable polymer. It can be processed at much lower temperatures than other polymers such as PBT or ABS making it ideal for use in food packaging. The material has excellent barrier properties to water vapor and gases; it also keeps the food fresh for a long time.
PP:
Polypropylene (PP) is a thermoplastic polymer used in the manufacturing of plastic trays and containers. It offers several beneficial properties such as high resistance to solvents, acids, and bases; excellent barrier against moisture; low friction on surfaces; excellent clarity for transparency and color retention; superior strength for impact resistance among others.
Application Insights:
The restaurants application segment accounted for the largest revenue share of over 40% in 2017. The plastic ready meal trays are witnessing growing adoption in restaurants as they offer cost-effectiveness and help reduce waste. Plastic trays can be used for a variety of purposes such as takeout meals, dine-in meals, catering services, and food trucks among others.
The food processing industry is one of the prominent end users of plastic ready meal tray due to its ability to process large volume with ease and efficiency.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising disposable income, changing lifestyles, and increasing demand for convenience food. China is one of the largest producers as well as consumers of plastic ready meal trays in this region owing to easy availability of raw materials coupled with cheap labor cost.
North America accounted for a significant share in terms of revenue generation owing to growing awareness regarding health benefits associated with packaged foods such as reduced calorie level and high nutritional content. Moreover, presence or local manufacturers offering customized solutions will boost regional growth over the next eight years.
Growth Factors:
- Increasing demand for ready-to-eat food items: The ready meal tray market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for convenience food items. This is mainly because of the hectic lifestyle of people, which does not leave them with enough time to cook meals from scratch.
- Rising disposable income: Another key growth driver for this market is the rising disposable income of consumers in developing countries such as India and China. This has led to an increase in their purchasing power, which has resulted in an increase in demand for ready meal trays and other convenience food items.
- Growing trend of home cooking: A major challenge faced by the ready meal tray industry is the growing trend of home cooking among consumers across all regions globally. However, this could also be seen as an opportunity as it would lead to increased awareness about healthy eating habits and a shift towards fresh and homemade meals instead of processed foods from restaurants or takeaways outlets..
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Ready Meal Tray Market Research Report
By Type
PET, PP, Others
By Application
Restaurants, Food Producing and Processing, Others
By Companies
Amcor, DS Smith, Faerch, Sonoco Products Company, Huhtamki, Quinn Packaging, Omniform Group, MCP Performance Plastic, Silver Plastics GmbH, Versatile Packaging
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Ready Meal Tray Market Report Segments:
The global Plastic Ready Meal Tray market is segmented on the basis of:
Types
PET, PP, Others
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
Restaurants, Food Producing and Processing, 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:
- Amcor
- DS Smith
- Faerch
- Sonoco Products Company
- Huhtamki
- Quinn Packaging
- Omniform Group
- MCP Performance Plastic
- Silver Plastics GmbH
- Versatile Packaging
Highlights of The Plastic Ready Meal Tray 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:
- PET
- PP
- Others
- By Application:
- Restaurants
- Food Producing and Processing
- 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 Plastic Ready Meal Tray 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?
A Plastic Ready Meal Tray is a disposable tray that can be used to serve food in a restaurant or other catering setting. The trays are made of plastic and are designed to be easy to clean.
Some of the major companies in the plastic ready meal tray market are Amcor, DS Smith, Faerch, Sonoco Products Company, Huhtamki, Quinn Packaging, Omniform Group, MCP Performance Plastic, Silver Plastics GmbH, Versatile Packaging.
The plastic ready meal tray 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 Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Ready Meal Tray 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 Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size & Forecast, 2018-2028
4.5.1 Plastic Ready Meal Tray Market Size and Y-o-Y Growth
4.5.2 Plastic Ready Meal Tray Market Absolute $ Opportunity
Chapter 5 Global Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Type
5.2.1 PET
5.2.2 PP
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Applications
6.2.1 Restaurants
6.2.2 Food Producing and Processing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Ready Meal Tray 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 Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Type
9.6.1 PET
9.6.2 PP
9.6.3 Others
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 Plastic Ready Meal Tray Market Size Forecast by Applications
9.10.1 Restaurants
9.10.2 Food Producing and Processing
9.10.3 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 Plastic Ready Meal Tray Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Type
10.6.1 PET
10.6.2 PP
10.6.3 Others
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 Plastic Ready Meal Tray Market Size Forecast by Applications
10.10.1 Restaurants
10.10.2 Food Producing and Processing
10.10.3 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 Plastic Ready Meal Tray Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Type
11.6.1 PET
11.6.2 PP
11.6.3 Others
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 Plastic Ready Meal Tray Market Size Forecast by Applications
11.10.1 Restaurants
11.10.2 Food Producing and Processing
11.10.3 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 Plastic Ready Meal Tray Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Ready Meal Tray 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 Plastic Ready Meal Tray Market Size Forecast by Type
12.6.1 PET
12.6.2 PP
12.6.3 Others
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 Plastic Ready Meal Tray Market Size Forecast by Applications
12.10.1 Restaurants
12.10.2 Food Producing and Processing
12.10.3 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) Plastic Ready Meal Tray Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Ready Meal Tray 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) Plastic Ready Meal Tray Market Size Forecast by Type
13.6.1 PET
13.6.2 PP
13.6.3 Others
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) Plastic Ready Meal Tray Market Size Forecast by Applications
13.10.1 Restaurants
13.10.2 Food Producing and Processing
13.10.3 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 Plastic Ready Meal Tray Market: Competitive Dashboard
14.2 Global Plastic Ready Meal Tray Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amcor
14.3.2 DS Smith
14.3.3 Faerch
14.3.4 Sonoco Products Company
14.3.5 Huhtamki
14.3.6 Quinn Packaging
14.3.7 Omniform Group
14.3.8 MCP Performance Plastic
14.3.9 Silver Plastics GmbH
14.3.10 Versatile Packaging
