Market Overview:
The global punnet trays market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food and beverages, and also for horticulture applications. The polyethylene terephthalate (PET) segment is expected to dominate the global punnet trays market during the forecast period, owing to its properties such as high impact resistance, clarity, stiffness, and good thermal resistance. In terms of application, food segment is expected to hold a major share in the global punnet trays market during the forecast period.
Product Definition:
A Punnet Tray is a tray designed to hold and organize small plants, flowers or berries. The tray has evenly spaced indentations that create individual compartments for the plants. This design allows for better airflow and makes it easier to water the plants. Punnet Trays are often used in nurseries, greenhouses and home gardens.
Polyethylene terephthalate (PET):
PET is a thermoplastic polymer that is derived from crude oil. It has high resistance to abrasion, chemicals, and heat. PET can be recycled many times without any loss of strength or quality. The material has excellent dimensional stability and good impact strength making it suitable for food & beverage packaging applications as well as household goods such as storage bins and boxes.
Growing demand for recyclable materials in the developed economies including the U.S.
Polypropylene (PP):
Polypropylene is a thermoplastic polymer and has applications in various industries such as automotive, construction, electrical & electronics packaging. It is also used to make disposable cups for soft drinks. PP can be recycled and made into new polypropylene products.
It has high resistance to chemicals, solvents, acids and bases which makes it suitable for manufacturing containers for food & beverages among other uses.
Application Insights:
The beverages segment dominated the global Punnet Trays market in 2017, accounting for a share of over 30.0% by revenue. The growth can be attributed to increasing demand for cold drinks such as juices, soda and water in hot summers across the globe. Juice manufacturers are also increasingly using these trays to showcase their products on a premium platform thereby driving the demand further.
Electronics is expected to emerge as one of the fastest-growing application segments with a CAGR exceeding 8% from 2018 to 2030 owing to high product usage in electronic gadgets packaging including smartphones, laptops and cameras among others. Moreover, rising disposable income levels coupled with improved standard of living has led consumers towards purchasing more sophisticated technology devices which has increased product consumption further driving growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing disposable income levels in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Furthermore, rising demand for packaged food coupled with government initiatives such as “Make in India†are expected to boost the manufacturing sector which will propel product consumption over the forecast period.
Europe was valued at USD X billion in 2017 owing to high demand from end-use industries including food & beverages and electronics along with developed countries like Germany, U.K., France etc.). However North America is projected to be a major consumer due tp early technology adoption followed by other regions including Asia Pacific and Latin America).
Growth Factors:
- Increasing demand for fresh fruits and vegetables due to rising awareness about the health benefits of consuming them.
- Growing population and their increasing disposable incomes, which is resulting in an increase in demand for food products.
- Rapid urbanization, which is leading to a rise in the number of supermarkets and hypermarkets, thereby providing a larger platform for Punnet Trays manufacturers to sell their products.
- Technological advancements that are making Punnet Trays lighter in weight and easier to handle, thus making them more popular among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Punnet Trays Market Research Report
By Type
Polyethylene terephthalate (PET), Polypropylene (PP), High Impact Polystyrene (HIPS), Polyvinyl Chloride (PVC), Others
By Application
Food, Beverages, Electronics, Pharmaceuticals, Healthcare, Horticulture
By Companies
Nirmala Pet A Pack Private Limited, AVI Global Plast, Earthpac, Associated Packaging, 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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Punnet Trays Market Report Segments:
The global Punnet Trays market is segmented on the basis of:
Types
Polyethylene terephthalate (PET), Polypropylene (PP), High Impact Polystyrene (HIPS), Polyvinyl Chloride (PVC), 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
Food, Beverages, Electronics, Pharmaceuticals, Healthcare, Horticulture
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:
- Nirmala Pet A Pack Private Limited
- AVI Global Plast
- Earthpac
- Associated Packaging, Inc.
Highlights of The Punnet 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:
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- High Impact Polystyrene (HIPS)
- Polyvinyl Chloride (PVC)
- Others
- By Application:
- Food
- Beverages
- Electronics
- Pharmaceuticals
- Healthcare
- Horticulture
- 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 Punnet 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?
Punnet trays are a type of food storage container that are made from a number of different materials, including plastic and metal. They come in various sizes and shapes, and can be used to store a variety of foods.
Some of the major players in the punnet trays market are Nirmala Pet A Pack Private Limited, AVI Global Plast, Earthpac, Associated Packaging, Inc..
The punnet trays market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Punnet 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 Punnet Trays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Punnet 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 Punnet 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 Punnet Trays Market Size & Forecast, 2020-2028
4.5.1 Punnet Trays Market Size and Y-o-Y Growth
4.5.2 Punnet 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 Polyethylene terephthalate (PET)
5.2.2 Polypropylene (PP)
5.2.3 High Impact Polystyrene (HIPS)
5.2.4 Polyvinyl Chloride (PVC)
5.2.5 Others
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
6.2.2 Beverages
6.2.3 Electronics
6.2.4 Pharmaceuticals
6.2.5 Healthcare
6.2.6 Horticulture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Punnet 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 Punnet 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 Polyethylene terephthalate (PET)
9.6.2 Polypropylene (PP)
9.6.3 High Impact Polystyrene (HIPS)
9.6.4 Polyvinyl Chloride (PVC)
9.6.5 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 Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverages
9.10.3 Electronics
9.10.4 Pharmaceuticals
9.10.5 Healthcare
9.10.6 Horticulture
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 Polyethylene terephthalate (PET)
10.6.2 Polypropylene (PP)
10.6.3 High Impact Polystyrene (HIPS)
10.6.4 Polyvinyl Chloride (PVC)
10.6.5 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 Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverages
10.10.3 Electronics
10.10.4 Pharmaceuticals
10.10.5 Healthcare
10.10.6 Horticulture
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 Polyethylene terephthalate (PET)
11.6.2 Polypropylene (PP)
11.6.3 High Impact Polystyrene (HIPS)
11.6.4 Polyvinyl Chloride (PVC)
11.6.5 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 Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverages
11.10.3 Electronics
11.10.4 Pharmaceuticals
11.10.5 Healthcare
11.10.6 Horticulture
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 Polyethylene terephthalate (PET)
12.6.2 Polypropylene (PP)
12.6.3 High Impact Polystyrene (HIPS)
12.6.4 Polyvinyl Chloride (PVC)
12.6.5 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 Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverages
12.10.3 Electronics
12.10.4 Pharmaceuticals
12.10.5 Healthcare
12.10.6 Horticulture
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 Polyethylene terephthalate (PET)
13.6.2 Polypropylene (PP)
13.6.3 High Impact Polystyrene (HIPS)
13.6.4 Polyvinyl Chloride (PVC)
13.6.5 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) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverages
13.10.3 Electronics
13.10.4 Pharmaceuticals
13.10.5 Healthcare
13.10.6 Horticulture
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 Punnet Trays Market: Competitive Dashboard
14.2 Global Punnet Trays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nirmala Pet A Pack Private Limited
14.3.2 AVI Global Plast
14.3.3 Earthpac
14.3.4 Associated Packaging, Inc.
