Thermoformed Shallow Trays Market Report, Analysis, Share, Trends, Estimations & Forecast to 2023

According to Stratistics MRC, the Global Thermoformed Shallow Trays market is expected to grow from $4.05 billion in 2016 to reach $5.98 billion by 2023 with a CAGR of 5.7%.

Growing acceptance of thermoformed packaging, increasing range of applications in pharmaceutical industry, high usage of thermoformed shallow trays in bakery applications and improved preference of manufacturers towards non-petroleum-based polymers are some factors which are anticipated to stimulate the market growth globally. However, limited scope for the usage of thermoformed shallow trays for liquid packaging is restricting the market.

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Plastic segment dominates the global market due to its low cost, easy and abundant availability. By geography, North America dominated the global market attributed to strongly developed capabilities of thin gauge thermoformers in this region.

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Some of the key players in this region include D&W Fine Pack LLC, Anchor Packaging, Inc., Placon Corporation, Pactiv LLC, Huhtamaki Oyj, First Pack LLC, Display Pack, Inc., Bemis Company, Inc., Tray-Pak Corporation and Sonoco Products Company.

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Applications Covered:
• Industrial Goods
• Pharmaceuticals
• Food
o Bakery Products
o Dairy Products
o Food Services
o Poultry, Seafood, Meat
o Snacks
o Others
• Electronics
• Cosmetics and Personal Care

Material Types Covered:
• Paper based Laminates
• Plastic
o Polypropylene (PP)
o Polystyrene (PS)
o Polyethylene (PE)
o Polyethylene Terephthalate (PET)
o Poly Vinyl Chloride (PVC)
o Others

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC

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Phone: +1-301-202-5929

Release ID: 229673