2025 Rigid Trays Packaging Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Rigid Trays Packaging Market Size By 2025?
The market for rigid tray packaging has experienced robust growth in past years. It's anticipated that it will expand from $308.58 billion in 2024 to $328.19 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 6.4%. The previous growth can be credited to several factors including an expanding retail sector, heightened consciousness about food safety, a booming food and beverage industry, increasing environmental concerns, and stricter regulations and standards.

How Big Is the Rigid Trays Packaging Market Size Expected to Grow by 2029?
Expectations indicate a robust expansion of the rigid trays packaging market size in the upcoming years. The market is predicted to rise to the tune of $415.5 billion by 2029, at a compound annual growth rate (CAGR) of 6.1%. Factors poised to drive this growth during the forecast period include the swell in consumer liking for eco-friendly packaging alternatives, booming e-commerce industry, rising consumer desire for convenient packaging, growing urbanization and changes in lifestyle, and expanding global trade and globalization. Prominent trends during the forecast period are expected to consist of smart packaging adoption, availability of customized and personalized packaging options, rapid strides in premium packaging, breakthroughs in barrier technologies, and the uptake of automated manufacturing systems.

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Which Key Market Drivers Powering Rigid Trays Packaging Market Expansion and Growth?
The boom in online commerce is predicted to drive the expansion of the rigid tray packaging market in the future. Online commerce, officially known as e-commerce, involves conducting commercial transactions via the internet. The rise of e-commerce can largely be attributed to the increased reach of internet connectivity, technological advancements, and the growing popularity of online shopping due to its ease and broad range of product availability. Rigid tray packaging plays an essential role in the e-commerce sector for efficient protection and organization of products during shipment, ensuring they are delivered in pristine and optimum conditions. For instance, data from the United States Census Bureau, a U.S. government agency, revealed that in the first quarter of 2024, e-commerce sales in the U.S. surged to $289.2 billion, marking a 2.1% increase from the last quarter of 2023. Thus, the boom in e-commerce is propelling the growth of the rigid tray packaging market.

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Which Fast-Growing Trends Are Poised to Disrupt the Rigid Trays Packaging Market?
Major firms active in the rigid tray packaging landscape are emphasizing on the creation of inventive goods, like compostable trays, to offer eco-friendly replacements for the conventional foam trays. These compostable trays, fashioned from biodegradable materials, disintegrate into organic matter via composting methods. A case in point is the compostable trays introduced by Sabert Corporation, an American company specializing in food packaging, in April 2024. Sabert Corporation's compostable trays are manufactured using renewable and plant-derived materials, affirming their ecological safety and complete disintegration in industrial composting settings. Engineered to be robust and long-lasting, these trays ensure trustworthy performance in food service environments. They can withstand heat and moisture, hence are well-suited for various food categories. Moreover, the trays adhere strictly to compostability guidelines, ensuring zero toxic residue is left behind.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Rigid Trays Packaging Market?
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

Which are the Top Profitable Regional Markets for the Rigid Trays Packaging Industry?
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.

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