LONDON--(BUSINESS WIRE)--The global rigid plastic food trays market is poised to grow by USD 2.55 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Rigid Plastic Food Trays Market Analysis Report by Material (PET, PP, and Other materials), Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/rigid-plastic-food-trays-market-industry-analysis
The market is driven by the global rise in online food delivery applications. In addition, the increasing number of end-user expansions is anticipated to boost the growth of the rigid plastic food trays market.
Factors such as rapid urbanization, busy work schedules, and changing lifestyles have increased the demand for online food delivery services. Besides, the high penetration of the internet and smartphones is increasing the number of competitors that offer highly efficient and good quality food delivery services. This is attracting many restaurants and dark kitchens to enter the online food delivery platform and increase their revenue. Rigid plastic food trays are widely used in the packaging of various food products. Therefore, the rise in the number of food delivery platforms is expected to fuel the growth of the global rigid plastic food trays market during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Rigid Plastic Food Trays Market Companies:
3M Co.
3M Co. operates its business through segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The company offers rigid plastic trays under the registered name 3M ESPE Impression Trays.
Anchor Packaging Inc.
Anchor Packaging Inc. operates its business through a unified business segment. The company offers PETE/RPET and PP trays. These are used for packaging a wide range of food products.
Amcor Plc
Amcor Plc operates its business through segments such as Flexibles and Rigid Packaging. The company offers a wide range of rigid packaging trays for the food industry. Some of its offerings include crystallized polyester (CPET), amorphous polyester (APET), PP, and high impact polystyrene (HIPS).
Berry Global Group Inc.
Berry Global Group Inc. operates its business through segments such as Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. The company provides rigid packaging trays for the food industry.
Dart Container Corp.
Dart Container Corp. operates its business through segments such as Cups, Containers, Dinnerware, Accessories, and Consumer. The company offers rigid packaging trays for the food and beverage industry.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Rigid Plastic Food Trays Market Material Outlook (Revenue, USD Billion, 2020-2024)
- PET
- PP
- Other materials
Rigid Plastic Food Trays Market Regional Outlook (Revenue, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials Include:
Global Cable Tray Market – Global cable tray market by end-users (commercial, industrial, and residential) and geography (APAC, Europe, MEA, North America, and South America).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
