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Rigid Trays Packaging Market: Pin-Point Analysis For Changing Competitive Dynamics

03-14-2018 10:11 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Rigid Trays Packaging Market: Pin-Point Analysis For Changing

Rigid packaging market plays an important role in the overall packaging market, it accounts for over 2/3rd of the world packaging market and to tap the potential of this market, packaging manufacturers are providing innovative packaging solutions. Rigid trays are used in packaging for fresh food as well as processed food. Manufacturers are focusing on increasing shelf life of the product and rigid trays are extensively used in such packaging solutions for example MAP and vacuum skin packaging. The commonly used raw material for manufacturing rigid tray are PP and PET.

Due to the properties like durability and moisture resistance manufacturers are preferring rigid trays to provide packaging. Rigid trays are being used in various end-use industry like Food, pharmaceutical industry and electrical & electronics.

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Global Rigid Trays packaging market: Dynamics

Use of rigid trays for packaging of food products is the key factor driving the demand in rigid trays market. Other important factor fueling the growth of rigid tray packaging market is the increasing penetration of modern retail outlets, especially in APEJ region. In addition, fast changing lifestyles in developing economies translates to increase in the number of people adopting on-the-go food consumption habits, which is increasing demand for ready-to-eat meals, thereby reinforcing the global rigid trays market.

Also, there has been an increase in the number of online food delivery services in emerging economies has which has led to growing demand for rigid trays. With the increase in trend of ready to eat meals the demand of rigid trays is boosting in Western Europe region. The added advantage like reusability of rigid trays is driving the rigid trays market.

Another important property shown by rigid trays is ease in product handling thus enabling consumers to carry the product from one place to another. Rigid trays are commonly manufactured from plastics which is a major cause of environmental pollution. Strict government regulations regarding the usage of plastic for food packaging may hinder the growth of rigid tray market in Asia Pacific region.

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Global Rigid Trays packaging market: Segmentation

The global rigid trays packaging market has been segmented as follows –

On the basis of material type, the global rigid tray packaging market has been segmented as:

Polypropylene (PP)
Polyethylene Terephthalate (PET)
High-density polyethylene (HDPE)
High Impact Polystyrene (HIPS)
Polyvinyl chloride (PVC)
Low-density polyethylene (LDPE)
Others (ABS)
Paper & paperboard

On the basis of product type, the global rigid tray packaging market has been segmented as:

Insert rigid trays
Dunnage rigid tray

On the basis of end-user industry, the global rigid tray packaging market has been segmented as:

Pharmaceutical Industry
Food Industry
Electrical and Electronics Industry
Consumer Goods Industry
Health Care Industry
Others ( Cosmetics, Horticulture)

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The global rigid tray packaging market is classified into seven regions globally such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA). Among these regions, North America accounts for highest market share followed by Western Europe in rigid tray packaging attributed to the rapid growth of food industries along with the growing population.

Global Rigid Trays packaging market: Key Players

Some of the players operating in the global rigid packaging market are – Pactiv LLC, Winpak Ltd., GY Packaging, EastCoast Packaging Corp, Linpac Packaging Ltd, DKC, Coveris, TEMMA SHIKI, Barger, Quinn Packaging, Hangzhou Xunda Packaging Co., Ltd., Jinwen Xie GZ Yulong Packaging Product Co., Ltd

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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