style="box-sizing: border-box; margin: 0px 0px 10px; color: rgb(51, 51, 51); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px;"> Corrugated Plastic Trays – Market Dynamics
Corrugated plastic trays are considered as an economical alternative to paper and cardboard based solutions. One of the key factors for the high preference for corrugated plastic trays is the fact that they are light weight, strong and durable. Their surfaces do not get worn out after repeated use. Being long-lasting, corrugated plastic trays have an edge over alternatives.
Corrugated plastic trays find a wide range of applications for storage purposes in warehouses and industries. Being a cost-effective replacement for alternative products such as fiberboard, molded fiber, and paper. The production and consumption of corrugated plastic trays is directly related to the production of corrugated plastic sheets.
Despite the positive outlook, there are some restraining factors that might hamper the growth of the global corrugated plastic trays market. First is the high production cost as compared to the conventional corrugated paper and molded fiber trays. Second is that the low disposability of plastic causes environmental pollution, as plastic material takes more time to decompose as compared to the paper or molded fiber.
Corrugated Plastic Trays - Market Segmentation
Corrugated plastic trays are categorized into PP, HDPE, PET, PC, and PPC. Among the material types, the PP segment is expected to account for highest market share due to its toughness, and light weight along with durability. The pricing of the corrugated plastic trays has been considered on the basis of material type.
Among the end-use industries food & beverages accounts for highest market share. Pharmaceuticals vials and small bottles are packaged in corrugated plastic trays. The corrugated plastic trays protects the product from breaking and damaging from external environment. Small and sensitive parts in automotive industries are packaged for maintaining product integrity during transportation. Fruits and vegetables are packaged in corrugated plastic trays in order to protect the products as the corrugated plastic trays are more strong and durable than paper and molded fiber trays.
Corrugated Plastic Trays Market - Regional Outlook
Corrugated Plastic Trays Market - Key Players
Many small and regional players are expected to contribute to the global corrugated plastic trays market.
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