Sealed Tray Food Packaging Market: Growth Prospects, Demand And Forecast

Posted by Kishor on April 18th, 2019

Sealed tray food packaging is widely used for packaging of food stuff in food and beverages industry to fulfill the packaging requirements. The food industry manufacturers have to confirm the integrity of the packaging to reduce the leakage sensitivity. The shape of sealed trays vary in size (length, width, depth, volume) and made up of thermoform to pack the meal firmly in the tray. Key manufacturers of sealed trays provide to ensure high quality so that there is no compromise in the health of their customers. For this reason, food industry focuses to test the quality of the sealed trays before the food gets packed.

Global Sealed Tray Food Packaging Market: Dynamics

The key factors which drive the global sealed food packaging market are rapidly growing travel and tourism industry along with rising preference for packaged food products among consumers across the globe. The macroeconomic factors which drive the global sealed tray food packaging market are emerging economies such as China, Brazil and India, a rapid rate of urbanization and rising per capita income of consumers. Another factor which fuels the global sealed tray food packaging market is robust growth in the packaging industry, owing to its significant demand for packaging of food and beverages products.

In addition, robust growth in online foods start-up across the globe leads the global sealed tray food packaging market towards the growth over the forecast period. Furthermore, rising industrialization along with growing health consciousness among consumers across the globe is one of the major factors which drive the global sealed tray food packaging market due to its high demand in various industries for packaged foods. The key restraining factors such as government regulation related to usage of the sealed tray food packaging and high labor cost in North America region that hinder the growth of the global sealed tray food packaging market over the forecast period.

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Global Sealed Tray Food Packaging Market: Segmentation

Global sealed tray food packaging market is segmented by material type, technology type, and region.

Based on the material type, global sealed tray food packaging market is classified as follows:

• Plastic
• Paper and Paperboard
• Others

Based on technology type, global sealed tray food packaging market is classified as follows:

• Thermoforming
• Injection
• Cold forming

Global Sealed Tray Food Packaging Market: Regional Outlook

Above mentioned material type, the plastic segment is anticipated to witness an extensive growth in the global sealed tray food packaging market over the forecast period, owing to high usage of plastic sealed tray food packaging for food products packaging. The thermoforming segment is predicted to see significant growth under technology type segment in global seal tray food packaging market globally. Based on the geographies, the global sealed tray food packaging market is classified into seven regions globally such as Eastern Europe, Latin America, Western Europe, North America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.

Among the regions as mentioned above, North America accounts the high market share followed by Western Europe in sealed tray food packaging market across the globe due to a high demand for packaged consumer goods in this region. Asia-pacific is predicted to witness highest growth rate in the global sealed tray food packaging market, attributed to rapid growth of food and beverages industry along with growing population, rising disposable income across this region.

In addition, Japan is anticipated to see the significant growth rate in the global sealed tray food packaging market across the region, owing to growing health awareness among consumers over the forecast period. MEA is anticipated to showcase high growth rate in the global sealed tray packaging market, attributed to rapidly growing travel and tourism industry in the kingdom of Saudi Arabia and United Arab Emirates.

Global Sealed Tray Food Packaging Market: Key Players

Few prominent players of the global sealed tray food packaging market are Cima-Pak Corporation, Oliver Packaging & Equipment Company, RH packaging Ltd., silver plastics GmbH & Co. KG, Avoncourt Packaging Ltd., Winpack Ltd, The key manufacturers are focusing on new product launch to expand its market position across the globe. For instance, in the year silver plastics GmbH & Co. KG has launched airPET, a sealed tray which is heat resistant. This product can be used in the micro-oven.