Trays Market to Witness Stunning Growth by 2032

  • Sonoco Products Company
  • Genpak LLC.,
  • Pro-Pac Packaging Limited,
  • Pactiv LLC.,
  • Winpak Ltd.
  • Pack LLC,
  • Henry Molded Products, Inc.,
  • OrCon Industries Corporation,
  • Fibercel Packaging Llc.,
  • Faerch A/S,
  • Silver Plastics GmbH & Co. KG
  • Quinn Packaging.
  • Kari-Out Company
  • Cascades Inc
  • Huhtamaki Oyj
  • Plastic trays are expected to account for nearly 2/3rd of demand share in the global trays market.
  • Around 80% trays are consumed in the food packaging industries. However, the other industries such as electrical and electronics are gradually switching to present their products with the help of molded fiber trays.
  • Partition trays or cavity trays will create an incremental opportunity of US$ 18 Bn in next decade.
  • South and East Asia are expected to have high demand for trays packaging, thereby increasing the market growth till 7–9% in 2022–2032.
  • Sales of trays in North America and Europe are expected to increase at a moderate growth rate in near future.

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