Heat Sealable Pulp Board Tray Market: An Overview
The evolution of eco-friendly and sustainable packaging products has led to market opportunities being shifted away from traditional plastic packaging solutions. The demand for the development of eco-friendly packaging solutions came after the launch of several stringent rules and regulations against the use of plastic. The plastic waste generated impacts the environment negatively. Manufacturers and retailers globally are getting inclined towards recyclable and non-plastic materials. A heat sealable pulp board tray is an innovative product, recently developed by ‘Packaging Automation and Evesham Specialist Packaging Ltd’, used by retailers and manufacturers of food items, such as freshly produced fruits and vegetables. Heat sealable pulp board tray is an alternative to conventional plastic trays used for food packaging. The packaging industry has seen demand driven market aspects, particular with regards to packaging of diverse product forms. The global heat sealable pulp board tray market is poised to witness significant demand from the manufacturers of perishable fresh food products sold at supermarkets, hypermarkets and departmental stores.
Heat Sealable Pulp Board Tray Market: Dynamics
Heat sealable pulp board trays are fully recyclable and work well for packaging of food electronics, pharmaceutical products, etc. Heat sealable pulp board trays are an environmentally friendly as well as cost-efficient packaging solution which, to a larger extent, reduce the use of non – recyclable and plastic packaging products. Heat sealable pulp board trays are compatible with heat sealing machines used to seal trays. This property will act as a driver for the heat sealable pulp board tray market. Various advantages offered by heat sealable pulp board trays over their counterparts, such as recyclability and biodegradability, will play a vital role in fuelling the growth of the global heat sealable pulp board tray market. These factors are anticipated to contribute to the growth of the global heat sealable pulp board trays market during the forecast period.
Despite positive prospects, there are some factors that will hinder the growth of the global heat sealable pulp board tray market over the forecast period. One of these factors is easy the availability of alternative packaging formats, such as plastic trays, plastic punnets, etc. These alternatives available in the market are cost efficient when compared to heat sealable pulp board trays. However, irrespective of these factors, huge opportunities will exist for global heat sealable pulp board tray manufacturers during the forecast period.
Global Heat Sealable Pulp Board Tray Market: Segmentation
The global heat sealable pulp board tray market has been segmented on the basis of compartment type and end use.
On the basis of compartment type, the global Heat Sealable Pulp Board Tray market has been segmented as:
- Single compartment heat sealable pulp board tray
- Multi – Compartment heat sealable pulp board tray
On the basis of end use, the global heat sealable pulp board tray market has been segmented as:
- Food Packaging
- Pharmaceutical Packaging
Global Heat Sealable Pulp Board Tray Market: Regional Outlook
The retail sector has been showing strong performance in most of the regions, especially in developing economies, such as China, Brazil, India, South Africa, etc. Changing lifestyle of consumers coupled with rapid urbanization in the Asia Pacific region and growing consumer preference towards sustainable packaging solutions globally is expected to create lucrative opportunities for the growth of the global heat sealable pulp board tray market. The global heat sealable pulp board tray market is expected to witness a positive outlook due to the advantages associated with heat sealable pulp board trays.
Global Heat Sealable Pulp Board Tray Market: Key Players
The key player operating in the global heat sealable pulp board tray market is Evesham Specialist Packaging Ltd. and more players are expected to enter the global heat sealable pulp board tray market during the forecast period.
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