Press release
Strong Growth Ahead: Rigid Trays Packaging Market Size To Grow At Arecord 6.1% Cagr By 2029
Rigid Trays Packaging
How Big Is the Rigid Trays Packaging Market Size Expected to Be by 2034?
The rigid trays packaging market size will grow from $308.58 billion in 2024 to $328.19 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The historic growth is attributed to growth in the retail sector, food safety awareness, growth in the food and beverage sector, environmental concerns, and rise in regulations and standards.
The rigid trays packaging market is projected to reach $415.5 billion by 2029, growing at a CAGR of 6.1%. Growth is supported by the demand for sustainable packaging solutions, increased e-commerce, and consumer preference for convenience. Key trends include smart packaging adoption, premium packaging advan
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What Are the Emerging Segments Within the Rigid Trays Packaging Market?
The rigid trays packagingmarket covered in this report is segmented -
1) By Type: Plastic Rigid Trays Packaging, Metal Rigid Trays Packaging
2) By Material: Plastic, Glass, Metal, Paperboard
3) By Application: Pharmaceutical, Food And Beverage, Other Applications
Subsegments:
1) Plastic Rigid Trays Packaging: Thermoformed Plastic Trays, Injection Molded Plastic Trays, Recyclable Plastic Trays
2) Metal Rigid Trays Packaging: Aluminum Trays, Steel Trays, Coated Metal Trays
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What Long-Term Drivers Are Shaping Rigid Trays Packaging Market Trends?
The surge in e-commerce is projected to drive the growth of the rigid tray packaging market. E-commerce, which refers to buying and selling products online, is growing due to increased internet access, technological advancements, and a preference for convenient shopping. Rigid tray packaging is used in e-commerce to protect products during transit, ensuring they arrive safely and in good condition. In May 2024, the United States Census Bureau reported a 2.1% increase in U.S. retail e-commerce sales to $289.2 billion in the first quarter of 2024. This e-commerce surge is propelling the rigid tray packaging market.
Who Are the Top Competitors in Key Rigid Trays Packaging Market Segments?
Major companies operating in the rigid trays packaging market are WestRock Company, Ball Corporation, Amcor plc, Berry Global Inc., Smurfit Kappa Group, DS Smith Plc, Graphic Packaging International LLC, Sonoco Products Company, Silgan Holdings Inc., Pactiv Evergeen Inc., Sealed Air Corporation, AptarGroup Inc., Dart Container Corporation, Multivac Group, Klöckner Pentaplast, Printpack Holdings Inc., Winpak Portion Packaging Ltd., Coveris Holdings S.A., Genpak, CKS Packaging Inc., Greiner Packaging International GmbH, D&W Fine Pack, Anchor Packaging LLC, Placon Corporation
What Are the Latest Developing Trends in the Rigid Trays Packaging Market?
Major Companies in the rigid tray packaging market are focusing on sustainable alternatives such as compostable trays to replace traditional foam trays. In April 2024, Sabert Corporation, a US-based packaging company, introduced compostable trays made from renewable, plant-based materials. These trays are designed to break down fully in industrial composting facilities and provide durability, heat tolerance, and moisture resistance, making them ideal for food service applications.
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Which Regions Are Becoming Hubs for Rigid Trays Packaging Market Innovation?
Asia-Pacific was the largest region in the rigid trays packaging market in 2024. The regions covered in the rigid trays packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rigid Trays Packaging Market?
2. What is the CAGR expected in the Rigid Trays Packaging Market?
3. What Are the Key Innovations Transforming the Rigid Trays Packaging Industry?
4. Which Region Is Leading the Rigid Trays Packaging Market?
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