Brightwood Tray Market Overview
A Brightwood tray is kind of tray where a machine formed automatic packaging equipment filler is glued to an unplugged, flat shipped surface. The rising demand of a better quality tray which can restrict the leaking process to some extent has led towards the invention of Brightwood tray which is also available with the option of modifying for having a double wall on the side panels which are generally glued by the converter.
Rising growth of consumption of products which should be ready for shipping directly in a tray has led to the competition among the manufacturers of Brightwood tray.
Manufacturers mostly resort to design-level innovation to differentiate their corrugated paper -made products. Overall, it is anticipated that the global Brightwood trays market will show a positive outlook in the Brightwood tray market in the upcoming years.
Brightwood Tray Market: Dynamics
The changing lifestyle and food habit of consumers are driving the growth of the Brightwood tray market in the packaging industry. According to independent studies carried out recently, more than 7 out of 10 consumers living in the U.K. eat ready meals.
These particular ready meals need more production of Brightwood trays in the packaging market. These folding trays are ideal for shipping various kinds of products like foods, electronics, shoes, clothes etc. The tray is folded flat during manufacturing for economical shipping and storage space and this particular characteristic of the tray is providing a perfect solution to the packaging industry and creating growth opportunities for the Brightwood tray market.
Additionally, an easy to use and assemble tray provides the advantage of product distribution, protection, preservation and marketing which provides the customer with satisfaction along with the information, convenience and ease of use which is helping the market to create more opportunities to grow.
Moreover, online shopping across the world is accelerating the growth of the market. However different rules and regulations against cutting the trees can act as restraints for the growth of the Brightwood tray market.
Brightwood Tray Market: Covid-19 Impact
Initially, the consumption of different food and other products due to the Covid-19 outbreak had slightly declined. But consumer demand for protein grew by 77% for the week ending March 15 relative to the same week during 2019 and beer consumption has gone to on to off-premises consumption more and this has led to a production growth rate of Brightwood tray market.
The ongoing trend of work from home has led to more consumption of electronics goods and other online shopping items which has raised the level of the production of the Brightwood trays in the packaging industry.
Brightwood Tray Market: Regional Outlook
Asia-pacific is expected to show the highest growth rate in the Brightwood tray market due to its increasing number of food and beverage industry. Additionally, the growing trend of online shopping in countries like China, India, and Thailand are charging up the growth rate.
Europe, North America is also expected to show good growth rates due to the increasing number of the electronic industry in those regions. Rising construction of food companies in Latin America and the Middle East & Africa will show a decent growth rate too in the upcoming years.
Brightwood Tray Market: Manufacturer
- Cartoncraft Incorporated
- New York Label & Box Works
- Packaging Logic, Inc.
- Online Print & Pack Private Limited (OPPPL)
Brightwood Tray Market: Segmentation
Globally the Brightwood tray market is segmented by product, folding type and end-uses.
- Six corner Brightwood tray
- Four corner Brightwood tray
- Infold type
- Outfield type
- Food & Beverage
- Consumer goods
- Industrial goods