Stackable Plastic Trays Market Overview
Stackable plastic trays are convenient forms of storage that consume significantly lesser space when unused and reduce wastage of the products stored. These stackable plastic trays are widely used in the food and beverage industry at different stages.
In the pharmaceutical industry, stackable trays have many applications as well for the storage of small products like vials or tubes.
What are the Key Trends Impacting Growth of the Stackable Plastic Trays Market?
The reusability of the stackable plastic trays multiple times are making it a desired product in the industry. The current market trend towards the use of products that are recyclable and reusable is driving the growth of the stackable plastic trays market.
In the ready meals delivery, the black plastic trays are widely used and are gaining popularity as they are easily recyclable and are effective in keeping the food contents intact during transport to the consumer.
How is the Demand for PET Plastic Stackable Trays Reshaping the Stackable Plastic Trays Market Growth?
PET plastic is the most common form of plastic used in the manufacturing of plastic trays and bottles. PET plastic is lightweight, tamper-resistant owing to its high barrier strength and shatterproof, this makes it a desired material for manufacturing of trays for many industries like pharmaceutical.
According to a plastic recycling company, Plastic Recyclers Europe there are 700,000 tonnes of PET trays consumed in Europe annually and they can be recycled into quality products if separated properly. The rising use of PET as a material to manufacture lightweight stackable plastic trays is driving the market growht
What are the Key Challenges that may Restrain Growth of the Stackable Plastic Trays Market?
The consumer population across the globe is attracted to the green alternatives to plastic. The manufacturers are concerned with the aversion of consumers towards plastic products and are launching innovative alternatives to suffice the market demand.
Many players in the industry are introducing products like plant-based plastic trays, paper trays and other organic material trays as an alternative to the traditional plastic trays. This may prove to be a restraint in the growth of the stackable plastic trays market.
Key global players such as
- Brambles Limited
- Supreme Industries
- Rehrig Pacific Company
- TranPak Inc.
- Sino Holdings Group (SHG)
- Ravensbourn Plastics Ltd
- Dynawest Ltd
- DS Smith
are in the stackable plastic trays market.
In the Asian region, players like
- Shenzhen Bosen Plastic Co., Ltd.
- Dongguan Linzhijie Plastic Industry Co., Ltd.
- Xiamen Bestwares Enterprise Corp., Ltd.
- Hangzhou Dongwang Technology Co., Ltd.
- Suzhou Yinhoo Industrial Tools Co., Ltd., etc.
are actively involved in the stackable plastic trays market.
What Strategies are the Key Players adopting to Increase their Market Share in the Stackable Plastic Trays Market?
Key players in the industry are trying to serve customized and innovative trays in the market according to the specific industry requirements. The stackable trays market is very competitive as there are many regional players involved in this business. Many players often offer customization in terms of size, shape, material, etc. to the customers in an effort to capture maximum market share.
What are the Key Opportunities for Stackable Plastic Trays Manufacturers?
The increase in the global volume of food takeaways and home deliveries owing to the pandemic is a lucrative opportunity for the manufacturers. Many retailers and restaurant owners are raising their inventory of packaging products for takeaways, stackable plastic trays not only save storage space but also it is available in customized formats which helps the owners in the marketing of the business as well.
Why is China Expected to Lead the Market for Stackable Plastic Trays?
In the Asia-Pacific region, the concentration of manufacturers in the stackable plastic trays business is in China, while in other countries there are very limited players.
The rise in the per capita consumption and income of China has led to the expansion of the pharmaceutical and food and beverage industry. These industries will augment the demand for the stackable plastic trays in China.
What is the Repercussion of the Pandemic on the Growth of the Stackable Plastic Trays Market?
The pandemic has hampered certain parent industries in the market. The trays are widely used in the pharmaceutical industries which have resulted in dampening the effect of the pandemic on the stackable plastic trays market.
The delays in the supply of raw materials due to restrictions have created gap in the demand and supply of the product but it is gaining pace as regular business activities are being resumed.
Key Segments of Stackable Plastic Trays Market Covered in the Report
Based on Type of Walls:
- Solid base ventilated walls
Based on Material Type:
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Poly Vinyl Chloride (PVC)
- Expanded Polystyrene (EPS)
Based on End User Industry:
- Food and beverage
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa