Global Thermoform Trays Market, By Product Type (Standard Trays, Insert Trays, Dunnage Trays, Shelf Display Trays, Others), Packaging Type (Blister Pack, Clamshell, Others), End-Use Industry (Food & Beverages, Electronics, Pharmaceuticals, Healthcare, Cosmetics, Horticulture), Material Type (PP, PET, HDPE, HIPS, PVC, LDPE, ABS, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The thermoform trays market will grow at a rate of 5.64% for the forecast period of 2021 to 2028. Increase in the efforts by food & beverage manufacturers to adopt novel technologies to extend the shelf life of packaged food is an essential factor driving the thermoform trays market.
Thermoformed trays have become an important part of complex packaging. Protection and stability of products is a major functionality of packaging. Thermoformed trays help in keeping the integrity of the product intact and they are widely used in food and beverages, electronics, pharmaceutical, healthcare and cosmetics industry.
Rise in the changing lifestyles of the consumers is the major factor escalating the market growth, also rise din the demand for packaged food products, rise in the efforts by food and beverage manufacturers to adopt novel technologies to extend the shelf life of packaged food, rise in the demand for on-the-go and single-serve foods, rise in the demand for consumer electronics, thermoformed trays market and rise in the demand for thermoformed plastics from the healthcare and pharmaceutical packaging sectors are the major factors among others propelling the growth of thermoform trays market. Moreover, rise in the research and developments activities in the market and rise in the demand for thermoformed packaging solutions for the dairy and related industries will further create new opportunities for the thermoform trays market in the in the forecast period of 2021- 2028.
However, numerous new alternative packaging materials are being developed which costs low to the manufacturers which acts as the major factors among others restraining the market growth, and will further challenge the growth of thermoform trays market.
This thermoform 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, geographical expansions, technological innovations in the market. To gain more info on the thermoform trays market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Thermoform Trays Market Scope and Market Size
The thermoform trays market is segmented on the basis of product type, packaging type, end-use and material type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the thermoform trays market is segmented into standard trays, insert trays, dunnage trays, shelf display trays and others.
- Based on packaging type, the thermoform trays market is segmented into blister pack, clamshell and others.
- Based on end-use, the thermoform trays market is segmented into food & beverages, electronics, pharmaceuticals, healthcare, cosmetics and horticulture.
- The thermoform trays market is also segmented on the basis of material type into PP, PET, HDPE, HIPS, PVC, LDPE, ABS and others.
Thermoform Trays Market Country Level Analysis
The thermoform trays market is analysed and market size, volume information is provided by product type, packaging type, end-use and material type as referenced above.
The countries covered in the thermoform 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, Israel, Egypt, South Africa, 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 thermoform trays market due to increased technology penetration along with the rise in the presence of well-established food & beverage and pharmaceutical sectors in the region. Asia-Pacific and Europe is the expected region in terms of growth in thermoform trays market due to rise in the product demand from the pharmaceuticals sector as a result of the increasing geriatric population and increase in the changing lifestyles of the consumers in these regions.
The country section of the thermoform 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 Thermoform Trays Market Share Analysis
The thermoform 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 thermoform trays market.
The major players covered in the thermoform trays market report are HLP Klearfold, Klöckner Pentaplast, Tray-Pak Corporation, Dordan Manufacturing Company, Incorporated, Macpac Ltd, Lacerta Group, Inc., Nelipak Corporation, Sonoco Products Company, Placon, Silgan Holdings Inc. , Berry Global Inc., Universal Plastics Corporation, UFP Technologies, Inc., Dordan Manufacturing Company, Incorporated, Dart Container Corporation, CJK Thermoforming Solutions, LLC, Brentwood Industries, Inc. and Blisterpak, 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.
Customization Available : Global Thermoform Trays Market
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