Press release
Plastic Tubs and Lids Market Prospects & Upcoming Trends and Opportunities Upto 2031
Analysts at TMR estimate the plastic tubs and lids market to exceed the valuation of US$ 1.5 Bn by 2031. The food & beverages sector displays leading demand for plastic tubs and lids with their adoption expanding in various other end-use industries as well. The easy customization of plastic tubs and lids that enables them to be manufactured in various shapes and sizes allows businesses to order customized products and create a brand. This is expanding the use of plastic tubs and lids in home and hygiene product segments.Research Report: https://www.transparencymarketresearch.com/plastic-tubs-and-lids-market.html
Savvy manufacturers in the plastic tubs and lids market are engaging in new manufacturing and packaging technologies. For instance, a new multi-layer packaging technology developed by Milacron provides high barrier properties with the same production cycle time and high volume production efficiency as that of single layer containers without barrier properties.
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Plastic Tubs and Lids Market - Key Findings of Report
Companies are engaging in R&D for improved plastics to address the growing concerns related to the use of thermoplastics in the manufacture of plastic containers and lids that deform when used in microwave ovens for heating or when food is stored in them. Moreover, bisphenol A used in the manufacture of plastic tubs and lids can be potentially harmful for human health.
Increasing awareness among consumers about safe food containers is leading manufacturers to use some identification to serve the purpose. Manufacturers of plastic disposables include a small triangle with a number that ranges from 1 to 7, which is called a resin identification code and is a hallmark of safe plastic food storage containers.
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Shift in consumer preference for recycled plastic ice cream tubs is creating new sales opportunities in the plastic tubs and lids market. Product manufacturers are collaborating for the manufacture of recycled plastic tubs that are suitable for food and can stand freezing temperatures.
Advent of hybrid products such as cardboard-plastic tubs is likely to stir growth of the plastic tubs and lids market. Cardboard-plastic tubs and lids are manufactured using 50% post-consumer recycled polypropylene for the exterior layer obtained from end-use consumer households. The interior of the tubs is composed of white virgin material.
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Plastic Tubs and Lids Market - Growth Drivers
Advantages of hygiene, lightweight, and ease-of-use, along with features such as printable surface for branding and leak resistance snap-fit applications fuel the growth of plastic tubs and lids market
Introduction of novel techniques such as co-extrusion that are now part of mainstream manufacturing assembly of plastic tubs and lids addresses concerns of increasing raw material prices and energy costs. The use of these novel techniques offers increased heat handling, improved leak proof properties, and other performance improvements in plastic tubs and lids.
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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