Market Overview:
The global thermoformed plastic 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 food and beverage packaging, rising disposable income, and growing urbanization. In terms of type, PP is expected to be the fastest-growing segment during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio, good impact resistance, and chemical resistance. In terms of application, food & beverages is expected to account for the largest share in the global thermoformed plastic trays market during the forecast period.
Product Definition:
A thermoformed tray is a type of plastic tray that is created by heating up a sheet of plastic and then forming it into the desired shape. Thermoformed trays are often used in the food industry to hold food items, as they are durable and can be easily cleaned. They are also often used in medical settings to hold various types of medical supplies.
PP:
Polypropylene (PP) is a thermoplastic polymer. It can be processed at high temperatures and has excellent chemical & mechanical properties. PP is used to produce food packaging films, bottles, containers, tubes & pipes for water distribution and storage of various products including detergents, greases & lubricants among others.
PET:
PET, or Polyethylene Terephthalate is a non-toxic, lightweight & durable polymer that can be recycled and reused. It is the most commonly used plastic in the world. PET can also be processed at much higher temperatures & pressures than other plastics; this makes it ideal for food packaging applications as well as bottle manufacturing (the most widely used beverage container).
Application Insights:
Food & beverage was the dominant application segment in the global thermoformed plastic trays market, accounting for a revenue share of over 30.0% in 2017. The product is widely used to serve and package a variety of food products including ice creams, coffee creamers, yogurt, cheese spreads and fruit sauces.
The pharmaceutical industry also accounted for a significant market share owing to its high-quality standards and regulatory compliance across the world. Thermoformed plastic trays are widely used to serve pharmaceutical products such as tablets/medicine balls along with other healthcare accessories such as medical cups/lids and covers at trade shows or events held by companies or organizations promoting health & wellness related issues among consumers globally.
Electronics is another prominent application segment where thermoformed plastic trays are used to serve cold drinks along with electronic devices at corporate meetings or events organized by companies working in electronics sectors globally.
Regional Analysis:
North America dominated the global thermoformed plastic trays market in 2016. The growth can be attributed to various factors such as increasing demand for convenience foods, rising disposable income of consumers and changing lifestyles. Europe is expected to witness significant growth over the forecast period owing to growing consumer spending on food & beverages and electronics sectors. Asia Pacific is projected to exhibit a high CAGR during the forecast period due to rapid industrialization along with expanding pharmaceutical sector in India, China, Japan, South Korea and Taiwan.
The Middle East & Africa region is projected To grow at a lucrative rate owing to increasing investments by foreign companies along with favorable government regulations pertaining FDI influxes into economies such as Saudi Arabia from UAE which has ledto an increasein consumptionof numerous products including packaged food items.
Growth Factors:
- Increasing demand from food and beverage industry for lightweight and durable trays for packaging products.
- Rising popularity of ready-to-eat food items, which is driving the demand for thermoformed plastic trays.
- Growing trend of using biodegradable materials in tray manufacturing to reduce environmental impact.
- Proliferation of retail outlets and supermarkets, which is leading to increased demand for thermoformed plastic trays in packaging applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoformed Plastic Trays Market Research Report
By Type
PP, PET, HDPE, PVC, Others
By Application
Food & Beverages, electronics, Pharmaceuticals, Cosmetics
By Companies
Pactiv, Universal Plastics, Engineered Components & Packaging, LLC, Genpak, D&W Fine Pack, Brentwood Industries, Engineered Components & Packing., DS Smith, Lacerta Group, VisiPak, Sonoco Products, Bemis, Anchor 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermoformed Plastic Trays Market Report Segments:
The global Thermoformed Plastic Trays market is segmented on the basis of:
Types
PP, PET, HDPE, 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, Cosmetics
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:
- Pactiv
- Universal Plastics
- Engineered Components & Packaging, LLC
- Genpak
- D&W Fine Pack
- Brentwood Industries
- Engineered Components & Packing.
- DS Smith
- Lacerta Group
- VisiPak
- Sonoco Products
- Bemis
- Anchor Packaging
Highlights of The Thermoformed Plastic 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:
- PP
- PET
- HDPE
- PVC
- Others
- By Application:
- Food & Beverages
- electronics
- Pharmaceuticals
- Cosmetics
- 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 Thermoformed Plastic 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?
Thermoformed plastic trays are made from a thermoplastic material that is heated to a high temperature and then forced into an intricate mold. This process creates a tray that has many different shapes and sizes, making it perfect for use in many different applications.
Some of the key players operating in the thermoformed plastic trays market are Pactiv, Universal Plastics, Engineered Components & Packaging, LLC, Genpak, D&W Fine Pack, Brentwood Industries, Engineered Components & Packing., DS Smith, Lacerta Group, VisiPak, Sonoco Products, Bemis, Anchor Packaging.
The thermoformed plastic 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 Thermoformed Plastic 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 Thermoformed Plastic Trays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoformed Plastic 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 Thermoformed Plastic 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 Thermoformed Plastic Trays Market Size & Forecast, 2020-2028
4.5.1 Thermoformed Plastic Trays Market Size and Y-o-Y Growth
4.5.2 Thermoformed Plastic 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 PP
5.2.2 PET
5.2.3 HDPE
5.2.4 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 & Beverages
6.2.2 electronics
6.2.3 Pharmaceuticals
6.2.4 Cosmetics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoformed Plastic 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 Thermoformed Plastic 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 PP
9.6.2 PET
9.6.3 HDPE
9.6.4 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 & Beverages
9.10.2 electronics
9.10.3 Pharmaceuticals
9.10.4 Cosmetics
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 PP
10.6.2 PET
10.6.3 HDPE
10.6.4 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 & Beverages
10.10.2 electronics
10.10.3 Pharmaceuticals
10.10.4 Cosmetics
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 PP
11.6.2 PET
11.6.3 HDPE
11.6.4 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 & Beverages
11.10.2 electronics
11.10.3 Pharmaceuticals
11.10.4 Cosmetics
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 PP
12.6.2 PET
12.6.3 HDPE
12.6.4 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 & Beverages
12.10.2 electronics
12.10.3 Pharmaceuticals
12.10.4 Cosmetics
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 PP
13.6.2 PET
13.6.3 HDPE
13.6.4 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 & Beverages
13.10.2 electronics
13.10.3 Pharmaceuticals
13.10.4 Cosmetics
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 Thermoformed Plastic Trays Market: Competitive Dashboard
14.2 Global Thermoformed Plastic Trays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pactiv
14.3.2 Universal Plastics
14.3.3 Engineered Components & Packaging, LLC
14.3.4 Genpak
14.3.5 D&W Fine Pack
14.3.6 Brentwood Industries
14.3.7 Engineered Components & Packing.
14.3.8 DS Smith
14.3.9 Lacerta Group
14.3.10 VisiPak
14.3.11 Sonoco Products
14.3.12 Bemis
14.3.13 Anchor Packaging
