Global Plastic Ready Meal Trays Market, By Material (Polypropylene (PP), Polyethylene Terephthalate (PET) and Others), Moulding Technology (Injection Moulding and Thermoformed Moulding), Tray Type (Single Cavity and Multi Cavity), End Use (Food Producers and Processors, Restaurants, Food Courts, Catering Services and Online Food Delivery), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plastic Ready Meal Trays Market
Data Bridge Market Research analyses that the plastic ready meal trays market will project a CAGR of 4.63% for the forecast period of 2021-2028. Excellent barrier properties offered by plastic ready meal trays and extended shelf life of the food these trays offer are the two major factors driving the growth of plastic ready meal trays market.
The plastic ready meal trays are lightweight in nature, possess strength, durability, elegance and uniformity. Plastic ready meal trays are generally categorized into polypropylene (PP), polyethylene terephthalate (PET) and others on the basis of type. Like every other packaging solution, plastic ready meal trays offer convenient handling and portability. Plastic ready meal trays protect the food from getting contaminated and further help in transportation to the various distributors, wholesalers, retailers and consumers.
Rising advancement in the packaging solutions and packaging technology is fostering the growth of plastic ready meal trays market. Growth and expansion of packaging industry is also bolstering the growth of plastic ready meal trays market. Rising demand for packaged food coupled with changing lifestyle is also propelling market growth. Recycling of plastic is also creating lucrative growth opportunities for the plastic ready meal trays market.
However, plastic ready meal trays will face challenge owing to the existence of plant and fibre-based ready meal trays in the market. Also, small and big manufacturers gradually shifting from plastic to other substitutes will further create hindrances for the plastic ready meal trays market.
This plastic ready meal trays market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research plastic ready meal trays market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Ready Meal Trays Market Scope and Market Size
Global plastic ready meal trays market is segmented on the basis of material, moulding technology, tray type and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material, the plastic ready meal trays market is segmented into polypropylene (PP), polyethylene terephthalate (PET) and others. Polyethylene terephthalate (PET) is further segmented into crystallized PET and amorphous PET. Others segment is further segmented into HIPS, HDPE and others.
- On the basis of moulding technology, the plastic ready meal trays market is segmented into injection moulding and thermoformed moulding.
- On the basis of tray type, the plastic ready meal trays market is segmented into single cavity and multi cavity.
- On the basis of end use, the plastic ready meal trays market is segmented into food producers and processors, restaurants, food courts, catering services and online food delivery. Restaurants are further segmented into full service restaurants and quick service restaurants.
Global Plastic Ready Meal Trays Market Country Level Analysis
The global plastic ready meal trays market is analysed and market size insights and trends are provided by country, material, moulding technology, tray type and end use as referenced above.
The countries covered in the plastic ready meal trays market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the plastic ready meal trays market in terms of market share and market revenue. The region will continue to flourish its dominance during the forecast period. Growth and expansion of food and beverages industry will directly induce growth in the demand for plastic ready meal trays. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period. Abundant availability of raw materials will foster the growth of plastic ready meal trays market in this region. Modernization, westernization, changing lifestyle and rising personal disposable income are some other indirect plastic ready meal trays market growth determinants.
The country section of the plastic ready meal trays market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Ready Meal Trays Market Share Analysis
The plastic ready meal trays market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic ready meal trays market.
The major players covered in the plastic ready meal trays market report Innovative Packaging Company, Genpak, LLC, Faerch A/S, Sealed Air, Sunmarks, LLC., Sabert Corporation, Bemis Company, Inc., Portage Plastics Corporation, PLASTIPAK HOLDINGS, INC., Pinnpack, MCP, Amcor plc, DS Smith, Huhtamäki Oyj, Omniform, Silver plastics GmbH & Co. KG, Versatile Packaging, Winpak LTD., Berry Global Inc., Cambro, Pactiv LLC, Resilux NV, Gerresheimer AG and Silgan Holdings Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.