Press release
Drink Carrier and Trays Market to Gain a Stronghold by 2018 to 2028
In recent years, there has been an increasing demand for food service industry across the globe. Drink carrier and trays are one of the most important packaging segment for beverage manufacturers. Due to constraints related to environment friendly packaging, nowadays manufacturers are producing drink carrier and trays made from biodegradable plastic and paper. In addition, consumers are preferring single served beverages which is a major driver for creating growth opportunities for drink carrier and trays market. Furthermore, drink carrier and trays are used by packaging manufacturers for augmenting there brand name and hence creating impact on consumer’s mind. Nowadays, drink carrier and trays have seen a rise in demand for carrying alcoholic beverages and this trend is expected to grow significantly during the forecast period.
Global Drink Carrier and Trays Market - Dynamics
Changing lifestyle of consumers with increasing per capita income is expected to drive the growth for the global drink carrier and trays market. In addition, there has been an increase in the number of quick service restaurants across the globe which has resulted in the growth of drink carrier and trays needed for food delivery. Convenience due to light weight of drink carrier and trays are gradually helping the market to witness growth during the forecast period 2018 - 2028. Furthermore, drink carrier and trays are cost effective, increase the aesthetic looks of the beverage and easy to carry which helps in the growth of drink carrier and trays market.
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Global Drink Carrier and Trays Market - Segmentation
The global drink carrier and trays market is segmented by material type, carrier size, packaging type, and end use.
On the basis of material type, the global drink carrier and trays market is segmented into:
Paper
SUB (solid unbleached board)
FBB (folding boxboard)
WLC (white line chipboard)
Molded Fiber Pulp
Plastic
Low Density Polyethylene (LDPE)
Linear Low Density Polyethylene (LLDPE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Metal
Wood
On the basis of carrier size, the global drink carrier and trays market is segmented into:
Single pack carrier
2 pack – 4 pack carrier
More than 4 pack carrier
On the basis of packaging type, the global drink carrier and trays market is segmented into:
Rigid drink carrier and trays
Semi – Rigid drink carrier and trays
On the basis of end use, the global drink carrier and trays market is segmented into:
Beverages
Dairy Products
Soft Drinks & Carbonated Drinks
Fruit Juices
Hot Beverages
Tea
Coffee
Alcoholic Beverages
Energy Drinks
Drinking Water
Others
Food Service
Coffee & Eateries Shop
Food Delivery Outlets
Quick Service Outlets
Drink carrier and trays are mainly used for holding / carrying of hot & cold beverages.
Global Drink Carrier and Trays Market – Regional Overview
The market for drink carrier and trays in North America and Europe region is anticipated to lead the global market owing to widespread trend for food service and on the go beverages in these region during the forecast period. Asia Pacific drink carrier and trays markets is expected to witness the highest growth due to increase in per capita income for the emerging economies in these region. Furthermore, countries like China and India have seen change in urban lifestyle which have resulted in a tremendous growth for drink carrier and trays market. The Middle East & Africa drink carrier and trays market is projected to witness sluggish growth during the forecast period.
Global Drink Carrier and Trays Market – Key Players
Some of the key players operating in the drink carrier and trays market are Smurfit Kappa Group plc, Stora Enso Oyj; Georgia-Pacific LLC; Huhtamaki Oyj; Graphic Packaging International, LLC; WestRock Company; RTS Packaging, LLC; DS Smith Plc; Keystone Paper & Box Company, Inc.; Grip-Pak, Nupak Printing LLC, and Menasha Packaging Co., LLC.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global market is divided into seven major regions as follows:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America
Europe
EU–4 (Germany, France, Italy, Spain)
U.K.
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Japan
Asia - Pacific excluding Japan (APEJ)
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa (MEA)
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
Report Highlights:
A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size regarding volume and value
Recent industry trends and developments
Competitive landscape
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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