Thermoforming Tray Market Overview
Plastics have become an important part of packaging in today’s world. In the next few years, we will see plastics becoming a bigger part of the packaging industry. With the advancement of technology, various technologies have been utilized, developed and perfected to provide plastic-based packaging materials relevant to various industries.
One of these techniques is thermoforming, which uses vacuum and/or pressure to form plastics into various shapes and sizes. Customization of mold design allows manufacturers to mold plastics into a variety of shapes to suit their purpose. One of these forms is the thermoformed tray.
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Thermoforming trays have become an integral part of complex packaging. Product stability and protection are the main functions of packaging. Thermoforming trays, especially insert trays, perform this function efficiently. Fragile products such as vials, ampoules and electronics can be easily transported and stored using this thermoforming tray feature. Standard trays with lids and snaps are widely used in the food industry for packaging fresh and processed foods.
Thermoformed trays help maintain product integrity. They are widely used in food and beverage, electronics, pharmaceutical, health care and cosmetic industries.
Thermoforming Trays Market – Market Dynamics:
Thermoformed plastics are widely used in packaging materials because of their flexibility and durability. The applications for thermoforming trays are enormous in the food and beverage sector. It can be used to store both fresh and processed foods. Consequently, the Thermoforming Trays market is expected to witness steady growth during the forecast period of 2016-2026. In the field of automation, thermoformed trays are being used for the efficient manufacturing and shipping of electronic components.
Protection is added to help protect your components. The thermoforming tray market is expected to witness a steady CAGR over the forecast period owing to increasing demand for consumer electronics. Insert trays are widely used in the pharmaceutical sector for packaging pharmaceuticals. Glass vials and ampoules can be safely packaged and transported on insert trays with minimal damage.
Rapid growth of the global pharmaceutical industry will have a positive impact on the Thermoforming Trays market during the forecast period 2016-2026.
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Thermoforming Tray Market – Regional Outlook:
Geographically, the Thermoforming Trays market is segmented into five major regions. North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Due to rising disposable income and consumerism, Asia Pacific and Middle East are leading in terms of demand for thermoforming trays.
As a result, the Thermoforming Trays market will witness a significant increase at the CAGR during the forecast period during the forecast period. Europe and North America will also show steady but slow growth through 2016-2026 or the projected period.
The major players in global Thermoforming Trays market are:
Key Players in Thermoforming Trays Market are HLP Klearford, Klöckner Pentaplast Group, Transparent Container, Inc., Tray-Pak Corporation, Dordan Manufacturing Company, Lacerta group, Inc., Macpac Ltd., Nelipak Healthcare, Sonoco Products Company, Placon .
The research report includes a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. This includes forecasts made using appropriate assumptions and methodologies. The research report provides analysis and information according to categories such as market segment, region, type, machine size, and end use.
The report covers a thorough analysis of:
Market Segments Market Dynamics Market Size Supply and Demand Current Trends/Issues/Challenges Competition and Related Companies Technology Value Chain
Regional analysis includes:
North America Latin America Europe Asia Pacific Middle East & Africa
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The report is a compilation of first-hand information from industry analysts, qualitative and quantitative assessments, input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.
Thermoforming Tray Market Segmentation:
On the basis of product type, the Thermoforming Trays market is segmented into:
Standard Tray Insert Tray Dunnage Tray Shelf Display Tray Others
On the basis of end-use, the thermoforming trays market is segmented into:
Food & Beverage Electronic Pharmaceutical Health Care Cosmetics Horticulture
Based on Material Type, the Thermoforming Trays Market is segmented into:
PP PET HDPE HIPS PVC LDPE ABS Other