Press release
Immense Popularity of PET Plastic Tray Fueling Growth in Plastic Tray Market Through 2027
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.Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/2300/plastic-tray-market
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.
Moreover, the rise in human health concerns due to use of plastic is also leading to the development of new products, for instance, companies have started offering BPA-free plastic products, including plastic trays, bottles, containers, and other products. Companies are also investing in the research and development of plastic trays that are safe to use across industries including food and beverages, personal care, pharmaceuticals, and consumer electronics.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2300
Polyethylene Terephthalate (PET) to Find Largest Application in Plastic Tray Production
Polyethylene Terephthalate (PET) is expected to be one of the largest used materials in the production of plastic trays. PET is projected to expand at a significant rate during the forecast period 2018-2027. By the end of 2018, Polyethylene Terephthalate is expected to bring in more than US$ 2,000 million in terms of revenue, as per the report on plastic tray market by Fact.MR.
High-recyclability property of PET material is leading to the growing popularity in the plastic tray market. Companies in the plastic tray market are using a recycled PET to produce plastic trays as it is lightweight, shatterproof, cost-effective, and saves energy. The packaging industry across the world is using PET material on a large scale. For instance, Europe is witnessing the significant growth of PET trays in the packaging industry in the region.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2300
Recycling of PET trays and bottles is also significantly growing with new technologies and equipment to ensure proper recycling of PET plastic trays. Also, according to Recoup, a plastic organization in the UK, nearly 70,000 tons of PET plastic trays are collected in the UK every year.
Food and Beverages Industry to Rule the Plastic Tray Market
Plastic trays are largely used across the food and beverages industry. The demand for plastic tray in the food and beverages industry is expected to grow significantly throughout the forecast period 2018-2027. Rising demand for ready-to-eat and the ready-to-cook food is driving the use of plastic trays.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2300/S
However, health concerns regarding the consumption of food in plastic are also rising. Hence, the Food and Drug Association (FDA) has introduced regulations regarding the materials used to make plastic trays and other packaging used in the food and beverages industry.
Manufacturers in the plastic tray market are developing thermoformed plastic trays for food packaging. These plastic trays are being designed with easy to open and close lids, especially for packaging foods such as baked goods, salads, wraps, and sandwiches.
For More Insights – https://www.globenewswire.com/en/news-release/2018/11/07/1647087/0/en/Plastic-Tray-Market-to-Surpass-US-7-Billion-in-2018-Finds-New-Fact-MR-Study.html
Europe is likely to emerge as one of the most dominating regions in the plastic tray market, as per the report by Fact.MR. Europe has already introduced regulations and guidelines with the aim to boost the recycling of PET plastic trays.
Meanwhile, the European Commission has also introduced new rules to ban single-use plastic products from the market. This is likely to hamper the plastic tray market growth in the region. However, manufacturers in the plastic tray market in Europe are focusing on developing reusable and recyclable plastic tray products.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2300
Flexible plastic trays in the plastic tray market are expected to witness the highest sales during the forecast period. Reusability, lightweight, enhanced protection, shipping friendly, longer shelf life, are some of the benefits offered by flexible plastic trays. Hence, the adoption of flexible plastic trays is increasing across various industries.
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.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/732/plastic-tray-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Immense Popularity of PET Plastic Tray Fueling Growth in Plastic Tray Market Through 2027 here
News-ID: 2290284 • Views: …
More Releases from Fact.MR

Electronic Board Level Underfill and Encapsulations Market is Projected to Reach …
The global electronic board level underfill and encapsulation material market is valued at US$ 386.3 million in 2024 and is forecasted to expand at a CAGR of 6.9 %, reaching US$ 752.8 million by 2034. This growth trajectory highlights the growing demand for reliable materials that protect delicate electronic components against mechanical stress, thermal cycling, and environmental exposure. As consumer electronics continue to shrink in size while increasing in functionality,…

Diquat Market is Predicted to Reach a Size of USD 3.8 billion by 2035 | FactMR R …
The global diquat market is projected to be valued at USD 2.4 billion by 2025 and is forecast to grow at a compound annual growth rate (CAGR) of 4.8%, reaching USD 3.8 billion by 2035. This growth highlights the enduring importance of diquat as a versatile herbicide and water treatment chemical, despite evolving regulations and rising competition. The market is being shaped by demand from agriculture, water treatment projects, and…

Mineral Fillers Market is Predicted to Reach a Size of USD 50.9 billion by 2035 …
The global mineral fillers market is projected to reach a value of USD 28.4 billion by 2025, growing steadily from its current base. Over the next decade, the market is forecast to expand at a compound annual growth rate (CAGR) of about 6.0 percent, ultimately reaching USD 50.9 billion by 2035. This robust trajectory is being shaped by rising demand across plastics, construction, automotive, and packaging industries. As manufacturers seek…

Paper Tubes Market is Estimated to be Valued at US$ 20.7 Billion by 2034 | FactM …
The global paper tubes market has been gaining significant traction in recent years, driven by the growing preference for sustainable packaging solutions and increasing demand across various end-use industries. The global paper tubes market was valued at US$ 10.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5%, reaching US$ 20.7 billion by 2034.
Market Segmentation & Growth Drivers
By Material: Paperboard, Kraft Paper,…
More Releases for PET
Pet Travel Services Market Is Booming So Rapidly | RoyalPaws, Pet Port, Pet Oasi …
The Global Pet Travel Services Market Size is estimated at $2.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 8.6% to reach $5.9 Billion by 2034.
The latest study released on the Global Pet Travel Services Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Pet Travel Services market study covers significant research data and proofs to be a handy…
Pet Carriers Market is Booming Worldwide | K&H Manufacturing, Sherpa Pet, Quaker …
Worldwide Pet Carriers Market In-depth Research Report 2024, Forecast to 2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pet Carriers Market. Some of the key players profiled in the study are K&H Manufacturing…
Pet Air Shipping Service Market Growth Expected to See Next Level: Pet Travel, P …
Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P …
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni …
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.…