Plastic Tray Market Revenues to Expand at a CAGR of 3.6% During 2018 to 2027

Posted by Jack Martin on December 20th, 2019

Fact.MR’s report on Global Plastic Tray Market

The plastic tray market is projected to expand at a very slow phase with the global sales of plastic tray surpassing US$ 7,000 million by the end of 2018, according to the latest report by Fact.MR. Introduction of eco-friendly alternatives to the plastic trays such as fiber-based trays, bagasse or sugarcane trays, paper trays, and plant-based plastics are emerging as a threat in the growth of the plastic tray market. However, manufacturers in the plastic tray market are focusing on developing reusable and recyclable plastic trays. The overall outlook for the plastic tray market is likely to remain sluggish, with the plastic tray market expected to reach CAGR of 3.6% in terms of revenue during 2018-2027. 

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In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global Plastic Tray market considering 2013-2017 as the historic year and 2018–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

The Plastic Tray market study outlines the key regions - North America, Europe, Latin America, Asia-Pacific excluding Japan (APEJ), Japan, CIS & Russia and Middle East & Africa (MEA) – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.

Prominent players covered in this research are DS Smith Plc, Winpak Ltd., Huhtamaki Oyj, Bemis Co. inc., RPC Group Plc, Genpak LLC, Placon, Lacerta Group Inc., Sonoco Products Company, VisiPak and Other Key Players.

The Plastic Tray market report addresses the below-mentioned queries:

• Why are vendors shifting away from traditional methods of manufacturing Plastic Tray?
• How does the global Plastic Tray market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2027?
• What innovative products are being introduced by the players in the global Plastic Tray market?
• Which regions are showing the fastest market growth?

Global Plastic Tray Market Segmentation Analysis:

On the basis of by Material Type,

• Polyethylene Terephthalate
• Polystyrene
• Polypropylene
• PVC
• Other Material Type

On the basis of End User Type,

• Retail Based
• Food Beverage
• Pharmaceutical
• Cosmetic & Personal Care
• Industrial Goods
• Electronics

On the basis of Form Type,

• Flexible
• Semi- Flexible

Crucial insights in the Plastic Tray market research:

• Underlying macro- and microeconomic factors impacting the growth of the Plastic Tray market.
• Basic overview of the Plastic Tray, including market definition, classification, and applications.
• Scrutinization of each Plastic Tray market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Plastic Tray across various industries.
• Important regions and countries offering lucrative opportunities to Plastic Tray market stakeholders.

Reasons to choose Fact.MR:

• Exhaustive research regarding the market to offer A to Z information.
• Digital technologies to provide innovative business solutions to the clients.
• 24/7 availability of services.
• Interaction with suppliers, vendors, and service providers for precise market landscape.
• Reports tailored as per the requirements of the clients.

And many more …