Flexi-trays Market Driven by Need for Efficient and Cost Saving Solutions that Improve Process Performance
Flexi-trays are flexible and durable damage resistant trays, that can fit in places where conventional trays are not able to. Flexi-trays are therefore used either as catchment trays or as dispensing trays to keep work spaces clean. Usually made from rubberized plastic, flexi-trays are known to reform and continue to provide safe containment, even after getting driven over. Preference for flexi-trays can be attributed to properties such as, durability and flexibility, combined with better insulation to work on. Flexi-trays can be comfortably used as a mat under vehicles and equipment, and are considered ideal for service engineers. Another reason for their preference is the fact that they come in various shapes as per requirements of the end user, thereby making them an ideal and cost effective option over conventional trays. Flexi-trays come with benefits similar to that of other flexible packaging solutions. They are versatile, and can be easily folded and stored.
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Global flexi-trays market: Dynamics
All industries rely on innovation for growth. Innovation in terms of new products that eliminate the problems faced by their alternatives. Flexi-trays combine improved process performance with high resistance to damage, thereby saving cost. The global flexi-trays market is expected to be driven by certain factors such as, need for efficient and cost saving solutions that improve process performance – flexi-trays are resistant to damage and can be trodden on or run over. Some varieties are known to handle loadings up to 10% higher as compared to sieve trays, along with high performance. Their resilience makes them an ideal option for any end user to have. Flexi-trays are extremely cost effective, with very low installation and negligible maintenance costs. In addition to that, investment on R&D by some vendors have resulted in newer and more efficient versions of flexi-trays. For instance, Koch-Glitsch has designed several valve styles of different varieties, to enhance vapor-liquid contact. Innovation will help keep the market environment competitive and can survive the effect of potential disrupting factors in the market.
All these factors make flexi-trays a reliable option for the end users, and help keep the global flexi-trays market outlook positive.
Despite these features, certain factors that have the potential to hinder growth of the global flexi-trays market are – limited applications. Flexi-trays may be versatile in their roles, but they have limited applications apart from damage resistance.
Global flexi-trays market: Segmentation
The global flexi-trays market has been segmented on the basis of the varieties in which they have been made available in the market –
On the basis of product type:
Small (520 mm x 700 mm x 100 mm)
Medium 700 mm x 1030 mm x 100 mm)
On the basis of application:
Plant Nappy flexi-trays
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Global flexi-trays market: Geographical Outlook
The global flexi-trays market has been divided into seven regions –
Asia Pacific Excluding Japan (APEJ)
Middle East and Africa (MEA)
The North American region market is expected to lead the global flexi-trays market, in terms of both value and volume, owing to a mature consumer-base that prefers branded products and associates them with high quality. Western Europe region is expected to follow closely. The Asia Pacific region is witnessing high growth in the amount of disposable personal income of consumers, which leads them to try branded products. The Asia Pacific region represents the most lucrative market in terms of potential. Therefore, vendors would be keen to promote their items and brands through their loyal customers in that region. The Latin America flexi-trays market is also expected to witness similar growth pattern over the forecast period. MEA region is expected to grow at a moderate pace.
Global flexi-trays market: Key Players
Few of the key players operating the global flexi-trays market are - Koch-Glitsch, LP, Safetykleen, and Serpro Ltd.
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