Plastic Tray Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Published on : Nov-2018 | List of Tables : 116 | List of Figures : 90 | No. of Pages : 170 | Report Code : FACT2300MR |

Key Insights- Plastic Tray Market

Tire 3 Players Account for More than 40% Revenue Share in the Plastic Tray Market

Tire 3 players are witnessing significant growth accounting 40-50% revenue share in the plastic tray market. Innovative and new product launches, developing cost-effective products, are the major focus areas of tire 3 companies. Meanwhile, tire 1 companies in the plastic tray market are engaged in expanding their manufacturing facilities, and emphasis on establishing a strategic alliance with the leading players and distributors across various regions.

Limited geographical presence of the emerging players is likely to restrict their growth. However, new product launches with unique features in the plastic tray market are boosting the growth of emerging companies in the plastic tray market.

Manufacturers See Growth Opportunities in European Plastic Tray Market

Resource-efficient and responsible approach to plastics in packaging by all the sectors and governing bodies in Europe is attracting more companies operating in the plastic tray market in the region. Proposed guidelines aimed at boosting recycling of PET plastic trays by Plastic Recyclers Europe (EuPR) is supporting the plastic tray market growth.

There has also been a significant growth in the use of PET plastic trays by the packaging industry in the region, thereby, presenting growth opportunities for plastic tray manufacturers in Europe. 

Moreover, the European Commission has also established the Enterprise Europe Network to provide support to the companies planning to tap new growth opportunities in Europe.

Reusable Plastic Trays Gain Momentum in the Plastic Tray Market

Reusable plastic packaging is witnessing growing popularity across various industries. Improving supply chain performance, reducing the risk of damage and enhancing safety are some of the factors driving demand for reusable plastic packaging. The food industry is moving fast towards adopting reusable plastic trays.

Reusable plastic trays are being designed with a better locking system and produced from high-density polyethylene to ensure food safety for a long time. Leading producers of dairy, red meat, baked, and poultry products are focusing on providing reusable plastic trays as it reduces expenses, optimizes supply chain, and offer sustainability.

European Union also recently declared its new policy agenda with the goal to make all the plastic packaging in the EU market to be reusable and recyclable by 2030. Manufacturers in the plastic tray market are producing reusable plastic trays instead of single-use plastic trays.

A study by the Journal of Cleaner Production found that the entire lifecycle of 1Kg plastic tray leads to around 1.538 Kg of CO2. Hence, to limit the amount of CO2 generated, companies are focusing on producing reusable plastic trays.

plastic tray market 0

Recyclability of Black Plastic Packaging to Drive Plastic Tray Market Growth

The black plastic trays found large application in the food industry, especially for packaging ready meals. However, with rising focus on the recyclability of plastic trays, the majority of the companies have stopped using black plastic trays as these trays cannot be recycled due to the presence of carbon black pigment.

However, some companies in the plastic tray market along with government organizations, and other groups are trying to find a new solution and technology to provide black plastic packaging for various food items and other products.

The Waste and Resources Action Programme (WRAP) in the UK worked with key players in the retail supply chain to improve recyclability of black plastics. WRAP is encouraging plastic tray manufacturers to use detectable black colorants that enable black plastic packaging to be recycled.

Meanwhile, RECOUP in the UK has developed black plastic packaging recycling roadmap with an aim to introduce new detectable pigment, and develop a new technology solution to sort existing material for black plastic packaging. RECOUP is also leading a group including packaging manufacturers, retailers, packers, and trade associations.

Major retailers including Tesco, Marks and Spencer, and Sainsbury’s are working with Viridor, a waste management company to come up with a new solution on black plastic recycling.

Increasing Demand for Alternatives to Plastic Packaging to Hamper the Plastic Tray Market Growth

Consumers across the world are becoming increasingly involved in sustainability, thus demanding green products. Hence, manufacturers in the plastic tray market are focusing on providing alternatives such as plant-based plastics, palm leaves, cornstarch, paper trays, etc. According to UN Environmental Programme (UNEP), more than 8 million tons of plastic is being dumped in the ocean every year.

Manufacturers in the plastic tray market are moving towards adopting the eco-friendly alternative to plastic trays. Manufacturers are investing heavily in developing paper trays. Various industries including food, healthcare, cosmetics, and consumer electronics are using paper trays for packaging.

Paper tray manufacturers are also developing freezer-safe and microwave-safe paper trays. Advanced technologies such as modified atmosphere packaging, and thermoforming are used to include unique features to paper trays. 

Bioplastics are also gaining popularity among end-use industries and consumers. Sources such as potato starch, sugar cane, the cellulose from trees are used to make bioplastics. Manufacturers in the plastic tray market are focusing on developing bioplastics that are energy-efficient to produce and biodegradable.

Research is also underway to develop fiber-based food trays as an alternative to plastic trays. For instance, Huhtamaki in partnership with Sodra and Saladworks is working on the EU funded project called as FRESH. The project is expected to continue till 2020 with an aim to provide a bio-based alternative to black plastic trays.

Immense Popularity of PET Plastic Tray Fueling Growth in Plastic Tray Market

Polyethylene Terephthalate (PET) is the most widely used plastic in developing plastic bottles and plastic trays. Owing to the various benefits such as a high-strength barrier to resist outside tampering, lightweight, and shatterproof makes it highly suitable for packaging food, pharmaceutical, and personal care products.

PET is highly recyclable, hence, it is finding large application in the plastic tray market. According to the group known as Plastic Recyclers Europe, nearly 700,000 tons of plastic trays are consumed in Europe yearly can be recycled as a valuable material. Increasing investment and new developments are leading to the growth in PET tray recycling capacities in Europe.

Companies facilitating recycling are introducing new technologies and machines to separate PET plastic trays from PET bottles. Owing to the different chemical composition of PET bottles and trays. Moreover, mixing them together can lead to contamination making them unusable in the market.

For detailed analysis on all the key market factors, request a sample.

Competitive Landscape

The report offers a detailed profile of all the leading market players in the plastic tray market. Dashboard view on the key players is provided along with the SWOT analysis. Information on new developments, key strategies, market share and product portfolio of each of the key player is offered in the plastic tray market report.

plastic tray market 1

Majority of the companies in the plastic tray market are focusing on recyclability and reusability of plastic trays. Research and development activities are also being conducted to introduce new product and solution in the plastic tray market. For instance, Huhtamaki Oyj is planning efficiency turnaround, which will result in closing of some of its non-competitive lines, due to lower than expected performance. However, Huhtamaki plans to improve its productivity by investing in automation.

For full coverage of the competitive landscape, get in touch with our experts

Definition

Plastic tray is a flat piece of plastic usually with high raised edges used for carrying things, especially food items. Different types of plastic materials are used to manufacture plastic trays such as polystyrene, PVC, polyethylene terephthalate, and polypropylene. Plastic trays are used across various industries such as food & beverages, retail, pharmaceuticals, electronics, industrial goods, and cosmetics.

About the Report

The report on the plastic tray market provides detailed analysis of the market along with key-insights. The report also highlights various factors influencing market growth such as new developments, on-going research activities, automation and use of new technologies by manufacturers in the plastic tray market.

The numbers in the report are provided in the form of value and volume. The report also offers historical data along with forecast on the plastic tray market.

Market Structure

The plastic tray market has been bifurcated on the basis of material type, form, end user, and region. The key segments are further divided into sub-segments to provide better insights into the market.

The material type in the plastic tray market is segmented into PVC, polypropylene, polyethylene terephthalate, polystyrene, and other materials. Form is categorized into flexible and semi-flexible. By the end-users, the demand for plastic tray can be seen in the food and beverages, industrial goods, electronics, pharmaceuticals, retail, cosmetics and personal care.

Additional Questions Answered

The report on the plastic tray market provide answers to some of the important questions such as

  • Which type of material is widely used in developing plastic trays?
  • Which is the most dominating country with high adoption and sales of plastic trays?
  • Which industry uses plastic trays on a large scale?
  • What are the factors responsible for the growth of the plastic tray market?
  • Which form of plastic tray is largely preferred in the market by industries as well as customers?

Research Methodology

The report on the plastic tray market is drafted using a unique methodology that includes both primary and secondary research. Interviews conducted as a part of primary research have been used to validate the data obtained from secondary research. With key insights and forecast offered in the plastic tray market report, it is likely to be an authentic source of information enabling market participants to plan their business strategies leading to a future expansion in the plastic tray market.

Request methodology of this Report.

The global plastic tray market has been comprehensively analyzed in a new research report published by Fact.MR on plastic tray market. The report provides key insights into the plastic tray market for the forecast period 2018-2027. The insights provided in the report help to offer accurate, unbiased, and precise analysis of the plastic tray market. The report focuses on all the factors shaping the overall growth of the plastic tray market. The report also offers a detailed investigation along with the secondary research of the competitive landscape of plastic tray market.

Chapter 1- Executive Summary

This chapter of the report on plastic tray market presents a summary of all the key findings and important numbers in form of value and volume. It also focuses on the key growth opportunities for market participants to expand globally.

Chapter 2- Market Data- Introduction

The chapter includes a brief introduction of the plastic tray market. It also provides a target product definition of the plastic tray along with the market taxonomy.

Chapter 3- Plastic Tray Market Dynamics Associated Industry Assessment

This section of the report provides information on various market dynamics including drivers, trends, challenges, and opportunity in the plastic tray market. The report also offers an impact analysis on the factors impacting the market growth.

Chapter 4- Associated Industry Assessment

This chapter of the report offers an overview of the plastic tray market. It also provides information on the packaging materials region-wise consumption. Data on the global plastic production along with the important acquisitions by the leading players in the plastic tray market is also offered in the report. It also offers information on the latest trends and innovations in the plastic tray market.

The chapter also includes PESTEL analysis, supply chain analysis, along with essential factors in the plastic tray market. The report also focuses on how various regulations and standards are impacting the plastic tray market in the packaging industry.

Chapter 5- Plastic Tray Market Analysis and Forecast

This section of the report provides market numbers in terms of volume (Mn Units) and value (US$ Mn). This chapter also includes segmentation of the plastic tray market. The market has been segmented on the basis of material type, end user, form, and region. The key segments are further divided into sub-segments. Essential data in form of value and volume is provided for all the key segments and sub-segments.

Chapter 6- North America Plastic Tray Market

This chapter focuses on the status of the plastic tray market in North America. The section provides details on the retail goods market and consumer products outlook in the region. The region is further segmented into countries including the US and Canada. North America plastic tray market analysis by the end user, material type, and form has also been provided in the report.

Chapter 7- Plastic Tray Market in Latin America

The current status of retail goods and consumer products market in Latin America is offered in the report. Market outlook along with the forecast numbers in terms of value and volume on the plastic tray market in Latin America is included in the chapter. The report on the plastic tray market provides an impact assessment of various market forces.

Chapter 8- Plastic Tray Market in Europe

The chapter includes a country-wise analysis of the plastic tray market in Europe. Numbers are provided in form of revenue, year-on-year growth, and volume. Information on all the key companies operating in the plastic tray market in Europe is provided in the report.

Chapter 9- Plastic Tray Market in Japan

Business outlook in Japan along with information on companies operating in Japan is provided in this section. Market attractiveness analysis on leading players in the region is included in the chapter.

Chapter 10- Asia Pacific Excluding Japan (APEJ) Plastic Tray Market

Key trends in the plastic tray market in the Asia Pacific Excluding Japan (APEJ) is given in the report. Market share comparison based on the segments in the region is provided in the report.

plastic tray market 2

Chapter 11- The Middle East and Africa (MEA) Plastic Tray Market

The chapter provides information on the on-going trends, current state and new developments in the plastic tray market in MEA. Details on leading companies along with their market share in MEA plastic tray market is given in the report.

Chapter 12- Competitive Assessment

This section in the report offers details on the market structure, along with the analysis of company share. A dashboard view is also offered on all the leading market players in the report on plastic tray market. The information on the presence of the key players based on the region is also included in the report.

Chapter 13- Vendor Analysis

This section in the report provides in-depth analysis and detailed profiles of all the major players in the plastic tray market. The information on companies includes market share, key developments, business strategies, and product portfolio. SWOT analysis is also provided for each and every player in the plastic tray market.

Executive Summary

  • Summary of Key Findings
  • Summary of Statistics
  • Why Consumers are preferring Plastic based packaging?
  • Environmental degradation due to packaging
  • Fact.MR Analysis and Recommendations
  • Opportunity Assessment
  • Megatrends
  • Who are the Potential Consumers for Plastic Based Packaging?

1. Market Data - Introduction
   1.1. Market Introduction
   1.2. Market Definition
   1.3. Market Taxonomy

2. Market Dynamics Associated Industry Assessment
   2.1. Growth Drivers and Impact Analysis
   2.2. Prominent Market Challenges and Impact Analysis

3. Associated Industry Assessment
   3.1. Global Packaging Market Overview, 2017
   3.2. Region wise Consumption of Packaging Materials Value, 2017
   3.3. Paper & Plastic Market Overview
        3.3.1. Global Paper & Plastic Market (2005-2017), (Million metric Tons)
   3.4. Global Plastic Production by region 2006-2015
   3.5. Acquisitions by Key Players
   3.6. Trends in Plastic Packaging, buyer’s Perception
   3.7. Innovations in Plastic Trays
   3.8. Supply Chain Analysis
   3.9. Forecast Factors & its Relevance of Impact
   3.10. Investment Feasibility Matrix
   3.11. PESTEL Analysis
   3.12. Porter’s Five Forces Analysis
   3.13. Bio-based v/s Fossil-based Plastics
        3.13.1. Bio-based v/s Fossil-based Plastic Cost Structure
   3.14. Regulations in Packaging Industry
   3.15. Key Standards in Packaging Industry

4. Global Plastic Tray Market- Price Point Analysis
   4.1. Price Point Assessment by Region
   4.2. Price Point Assessment by Source
   4.3. Price Forecast till 2028
   4.4. Pricing Analysis-Competitive Group Wise Prices
   4.5. Factors Influencing Pricing

5. Global Plastic Tray Market Analysis and Forecast
   5.1. Global Plastic Tray Market Outlook
        5.1.1. Market Value (US$ Mn) Forecast and Analysis
        5.1.2. Regional Demand Assessment
   5.2. Global Plastic Tray Market Analysis by Material Type
        5.2.1. Polyethylene Terephthalate
        5.2.2. Polystyrene
        5.2.3. Polypropylene
        5.2.4. PVC
        5.2.5. Other Material Type
        5.2.6. Market Attractiveness Analysis by Material Type
   5.3. Global Plastic Tray Market Analysis by End User
        5.3.1. Retail Based
        5.3.2. Food Beverage
        5.3.3. Pharmaceutical
        5.3.4. Cosmetic & Personal Care
        5.3.5. Industrial Goods
        5.3.6. Electronics
        5.3.7. Market Attractiveness Analysis by End User
   5.4. Global Plastic Tray Market Analysis by Form
        5.4.1. Flexible
        5.4.2. Semi- Flexible
        5.4.3. Market Attractiveness Analysis by Form

6. North America Plastic Tray Market Analysis
   6.1. Introduction
        6.1.1. North America Business Outlook
        6.1.2. North America Consumer Products & Retail Goods Market Outlook
        6.1.3. North America Plastic Tray Market Outlook
   6.2. North America Plastic Tray Market Outlook
        6.2.1. Market Value (US$ Mn), Forecast and Analysis
        6.2.2. Country Wise Demand Assessment
               6.2.2.1. US Market Value Share
               6.2.2.2. Canada Market Value Share
   6.3. North America Plastic Tray Market Analysis by Material Type
        6.3.1. Polyethylene Terephthalate
        6.3.2. Polystyrene
        6.3.3. Polypropylene
        6.3.4. PVC
        6.3.5. Other Material Type
        6.3.6. Market Attractiveness Analysis by Material Type
   6.4. North America Plastic Tray Market Analysis by End User
        6.4.1. Retail Based
        6.4.2. Food Beverage
        6.4.3. Pharmaceutical
        6.4.4. Cosmetic & Personal Care
        6.4.5. Industrial Goods
        6.4.6. Electronics
        6.4.7. Market Attractiveness Analysis by End User
   6.5. North America Plastic Tray Market Analysis by Form
        6.5.1. Flexible
        6.5.2. Semi- Flexible
        6.5.3. Market Attractiveness Analysis by Form
   6.6. Market Attractiveness Analysis
   6.7. List of Key Market Participants By Country
   6.8. Market Trends
   6.9. Impact Assessment of Market Forces

7. Latin America Plastic Tray Market Analysis
   7.1. Introduction
        7.1.1. Latin America Business Outlook
        7.1.2. Latin America Consumer Products & Retail Goods Market Outlook
        7.1.3. Latin America Plastic Tray Market Outlook
   7.2. Latin America Plastic Tray Market Outlook
        7.2.1. Value (US$ Mn), Forecast and Analysis
        7.2.2. Country Wise Demand Assessment
               7.2.2.1. Brazil Market Value Share
               7.2.2.2. Mexico Market Value Share
               7.2.2.3. Argentina Market Value Share
               7.2.2.4. Rest of LATAM Market Value Share
   7.3. Latin America Plastic Tray Market Analysis by Material Type
        7.3.1. Value (US$ Mn), and Forecast by Material Type
        7.3.2. Y-o-Y Growth Comparison by Material Type
   7.4. Latin America Plastic Tray Market Analysis by End Users
        7.4.1. Value (US$ Mn), and Forecast by End Users
        7.4.2. Y-o-Y Growth Comparison by End Users
   7.5. Latin America Plastic Tray Market Analysis by Form
        7.5.1. Value (US$ Mn), and Forecast by Form
        7.5.2. Y-o-Y Growth Comparison by Form
   7.6. Market Attractiveness Analysis
   7.7. List of Key Market Participants By Country
   7.8. Market Trends
   7.9. Impact Assessment of Market Forces

8. Europe Plastic Tray Market Analysis
   8.1. Introduction
        8.1.1. Europe Business Outlook
        8.1.2. Europe Consumer Products & Retail Goods Market Outlook
        8.1.3. Europe Plastic Tray Market Outlook
   8.2. Europe Plastic Tray Market Outlook
        8.2.1. Value (US$ Mn), Forecast and Analysis
        8.2.2. Country Wise Demand Assessment
               8.2.2.1. EU -4 Market Value Share
               8.2.2.2. UK Market Value Share
               8.2.2.3. Benelux Market Value Share
               8.2.2.4. Nordic Market Value Share
               8.2.2.5. Eastern Europe Market Value Share
               8.2.2.6. Rest of Europe Market Value Share
   8.3. Europe Plastic Tray Market Analysis by Material Type
        8.3.1. Value (US$ Mn), and Forecast by Material Type
        8.3.2. Y-o-Y Growth Comparison by Material Type
   8.4. Europe Plastic Tray Market Analysis by End User
        8.4.1. Value (US$ Mn), and Forecast by End User
        8.4.2. Y-o-Y Growth Comparison by End User
   8.5. Europe Plastic Tray Market Analysis by Form
        8.5.1. Value (US$ Mn), and Forecast by Form
        8.5.2. Y-o-Y Growth Comparison by Form
   8.6. Market Attractiveness Analysis
   8.7. List of Key Market Participants By Country
   8.8. Market Trends
   8.9. Impact Assessment of Market Forces

9. Japan Plastic Tray Market Analysis and Forecast
   9.1. Introduction
        9.1.1. Japan Business Outlook
        9.1.2. Japan Consumer Products & Retail Goods Market Outlook
        9.1.3. Japan Plastic Tray Market Outlook
   9.2. Japan Plastic Tray Market Outlook
        9.2.1. Value (US$ Mn), Forecast and Analysis
   9.3. Japan Plastic Tray Market Analysis by Material Type
        9.3.1. Value (US$ Mn), and Forecast by Material Type
        9.3.2. Y-o-Y Growth Comparison by Material Type
   9.4. Japan Plastic Tray Market Analysis by End User
        9.4.1. Value (US$ Mn), and Forecast by End User
        9.4.2. Y-o-Y Growth Comparison by End User
   9.5. Japan Plastic Tray Market Analysis by Form
        9.5.1. Value (US$ Mn), and Forecast by Form
        9.5.2. Y-o-Y Growth Comparison by Form
   9.6. Market Attractiveness Analysis
   9.7. List of Key Market Participants
   9.8. Market Trends
   9.9. Impact Assessment of Market Forces

10. APEJ Plastic Tray Market Analysis and Forecast
   10.1. Introduction
        10.1.1. APEJ Business Outlook
        10.1.2. APEJ Consumer Products & Retail Goods Market Outlook
        10.1.3. APEJ Plastic Tray Market Outlook
   10.2. APEJ Plastic Tray Market Outlook
        10.2.1. Value (US$ Mn), Forecast and Analysis
        10.2.2. Country Wise Demand Assessment
               10.2.2.1. Greater China Market Value Share
               10.2.2.2. India Market Value Share
               10.2.2.3. ASEAN Market Value Share
               10.2.2.4. Oceania Market Value Share
               10.2.2.5. ANZ Market Value Share
               10.2.2.6. Rest of APEJ Market Value Share
   10.3. APEJ Plastic Tray Market Analysis by Material Type
        10.3.1. Value (US$ Mn), and Forecast by Material Type
        10.3.2. Y-o-Y Growth Comparison by Material Type
   10.4. APEJ Plastic Tray Market Analysis by End User
        10.4.1. Value (US$ Mn), and Forecast by End User
        10.4.2. Y-o-Y Growth Comparison by End User
   10.5. APEJ Plastic Tray Market Analysis by Form
        10.5.1. Value (US$ Mn), and Forecast by Form
        10.5.2. Y-o-Y Growth Comparison by Form
   10.6. Market Attractiveness Analysis
   10.7. List of Key Market Participants By Country
   10.8. Market Trends
   10.9. Impact Assessment of Market Forces

11. MEA Plastic Tray Market Analysis and Forecast
   11.1. Introduction
        11.1.1. MEA Business Outlook
        11.1.2. MEA Consumer Products & Retail Goods Market Outlook
        11.1.3. MEA Plastic Tray Market Outlook
   11.2. MEA Plastic Tray Market Outlook
        11.2.1. Value (US$ Mn), Forecast and Analysis
        11.2.2. Country Wise Demand Assessment
               11.2.2.1. GCC Countries Market Value Share
               11.2.2.2. South Africa Market Value Share
               11.2.2.3. Israel Market Value Share
               11.2.2.4. Turkey Market Value Share
               11.2.2.5. Rest of MEA Market Value Share
   11.3. MEA Plastic Tray Market Analysis by Material Type
        11.3.1. Value (US$ Mn), and Forecast by Material Type
        11.3.2. Y-o-Y Growth Comparison by Material Type
   11.4. MEA Plastic Tray Market Analysis by End User
        11.4.1. Value (US$ Mn), and Forecast by End User
        11.4.2. Y-o-Y Growth Comparison by End User
   11.5. MEA Plastic Tray Market Analysis by Form
        11.5.1. Value (US$ Mn), and Forecast by Form
        11.5.2. Y-o-Y Growth Comparison by Form
   11.6. Market Attractiveness Analysis
   11.7. List of Key Market Participants By Country
   11.8. Market Trends
   11.9. Impact Assessment of Market Forces

12. Competitive Assessment
   12.1. Market Competition - a Dashboard View
   12.2. Market Structure
   12.3. Company Share Analysis
   12.4. Key Participants Market Presence by Region

13. Plastic Tray Vendor Analysis
   13.1. Power Players - Company Profiles
        13.1.1. DS Smith Plc
        13.1.2. Winpak Ltd.
        13.1.3. Huhtamaki Oyj
        13.1.4. Bemis Co. inc.
        13.1.5. RPC Group Plc
        13.1.6. Genpak LLC
        13.1.7. Placon
        13.1.8. Lacerta Group Inc.
        13.1.9. Sonoco Products Company
        13.1.10. VisiPak
        13.1.11. Other Key Players

14. Appendix

15. Assumptions and Acronyms Used

16. Research Methodology

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Our Clients

Plastic Tray Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027