Rigid Trays Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Rigid Trays Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

Global Rigid Trays packaging market: Introduction

Rigid packaging market plays an important role in the overall packaging market, it accounts for over 2/3rd of the world packaging market and to tap the potential of this market, packaging manufacturers are providing innovative packaging solutions. Rigid trays are used in packaging for fresh food as well as processed food. Manufacturers are focusing on increasing shelf life of the product and rigid trays are extensively used in such packaging solutions for example MAP and vacuum skin packaging. The commonly used raw material for manufacturing rigid tray are PP and PET. Due to the properties like durability and moisture resistance manufacturers are preferring rigid trays to provide packaging. Rigid trays are being used in various end-use industry like Food, pharmaceutical industry and electrical & electronics.

Global Rigid Trays packaging market: Dynamics

Use of rigid trays for packaging of food products is the key factor driving the demand in rigid trays market. Other important factor fueling the growth of rigid tray packaging market is the increasing penetration of modern retail outlets, especially in APEJ region. In addition, fast changing lifestyles in developing economies translates to increase in the number of people adopting on-the-go food consumption habits, which is increasing demand for ready-to-eat meals, thereby reinforcing the global rigid trays market. Also, there has been an increase in the number of online food delivery services in emerging economies has which has led to growing demand for rigid trays. With the increase in trend of ready to eat meals the demand of rigid trays is boosting in Western Europe region. The added advantage like reusability of rigid trays is driving the rigid trays market. Another important property shown by rigid trays is ease in product handling thus enabling consumers to carry the product from one place to another. Rigid trays are commonly manufactured from plastics which is a major cause of environmental pollution. Strict government regulations regarding the usage of plastic for food packaging may hinder the growth of rigid tray market in Asia Pacific region. However, on the backdrop of increasing use of rigid tray in the pharmaceutical industry can provide new growth opportunities for rigid trays market.

Global Rigid Trays packaging market: Segmentation

The global rigid trays packaging market has been segmented as follows –

On the basis of material type, the global rigid tray packaging market has been segmented as:

  • Plastic
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • High-density polyethylene (HDPE)
  • High Impact Polystyrene (HIPS)
  • Polyvinyl chloride (PVC)
  • Low-density polyethylene (LDPE)
  • Others (ABS)
  • Metal
  • Aluminum 
  • Steel 
  • Paper & paperboard

On the basis of product type, the global rigid tray packaging market has been segmented as:

  • Insert rigid trays
  • Dunnage rigid tray
  • Others

On the basis of end-user industry, the global rigid tray packaging market has been segmented as:

  • Pharmaceutical Industry
  • Food Industry
  • Electrical and Electronics Industry
  • Consumer Goods Industry
  • Health Care Industry
  • Others ( Cosmetics, Horticulture)

Global Rigid Trays packaging market: Geographical Outlook

The global rigid trays packaging market has been divided into seven regions as follows –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

The global rigid tray packaging market is classified into seven regions globally such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA). Among these regions, North America accounts for highest market share followed by Western Europe in rigid tray packaging attributed to the rapid growth of food industries along with the growing population. The market in Asia Pacific region is expected to grow at highest CAGR over the forecast period. Countries with rising population like India, China etc. are likely to expect to create significant opportunities in rigid tray packaging market.

Global Rigid Trays packaging market: Key Players

Some of the players operating in the global rigid packaging market are – Pactiv LLC, Winpak Ltd., GY Packaging, EastCoast Packaging Corp, Linpac Packaging Ltd,  DKC, Coveris, TEMMA SHIKI, Barger, Quinn Packaging, Hangzhou Xunda Packaging Co., Ltd., Jinwen Xie GZ Yulong Packaging Product Co., Ltd

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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