Fact.MR’s Report on Global Aluminum Trays Market
Aluminum is a highly malleable material, and it also has high levels of heat conductivity, which are key factors behind the high popularity of aluminum trays in the food industry. In addition, aluminum is a material that is not conducive to microbial growth, and is very popular in a variety of food packaging applications.
The global market for aluminum trays is projected to grow at a strong CAGR of more than 5.5 per cent for the forecast period till 2027. This will account for approximately 33 billion units during this period. This growth can be substantially attributed to the high demand for hygienic packaging options, which make aluminum a good choice owing to the light weight, superior recyclability, and cost effectiveness in tray production.
Product Launches are Key to Expansion Strategy for Manufacturers
The worldwide market for aluminum trays is widely considered to be very fragmented, with a large number of players seeking to bolster their penetration to the consumer base. Major players in the industry include names such as i2r Packaging Solutions Limited, Nicholl Food Packaging Ltd., Alufoil Products Pvt. Ltd., Wyda Packaging Ltd., Durable Packaging International, Contital Srl, Formacia, Roihu Inc., and Artenko among others.
These market players are consistently pushing to expand operations and product capacities, in addition to other methods of consolidation including mergers and acquisitions, which is augmented by substantial investments into research and development activities for the development of novel products.
The aluminum trays market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing aluminum trays market?
- How does the global aluminum trays market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2027?
- What innovative products are being introduced by the players in the global aluminum trays market?
- Which regions are showing the fastest market growth?
On the basis of types, the aluminum trays market study consists of
- Flexible
- Rigid
- Paper-Based
- Metal
- Glass
On the basis of end use, the aluminum trays market study incorporates:
- QSR & FSR
- Transportation Catering Services
- Institutional; Catering Services
- Retail Sales
- Bakery & Confectionery Packaging
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Processed and RTE Food Applications are Key to Industry Growth
Developed regions such as Europe and North America are playing a dominant role in the demand for aluminum trays owing to the rapid rise of he packed foods sector in these places. This has resulted in a substantial demand for durable high barrier packaging materials.
The trend is especially true for processed and ready to eat food variants. In addition, the high versatility that aluminum allows for shaping the trays, also helps to boost demand with improvements to logistics. These factors are key to the growth of the industry for the foreseeable future.
On the other hand, aluminum trays are facing increased competition from a number of alternative packaging solutions. Some of the more popular of these include barrier polymers, metallized substrates, PVC, oxide coating, and cellophane. The development of such alternatives can substantially hamper the adoption rate of aluminum trays, especially with the advent of metallized films, which not only provide superior barrier properties, but also give similar aesthetic effects to that of aluminum trays.
Hygiene Concerns Influence Developments
Aluminum trays are used extensively with the objective of cutting food contamination and increasing shelf life for perishables. In recent times, manufacturers have been allocating increased resources for the production of lacquered variants of aluminum trays.
In addition, aluminum trays can endure high heat applications, and are even suitable for use in modern microwaves. This has made it a very popular, convenient, and clean option for the food service and food retail industry. Ease of storage, grab and go functionality, and easy storage are likely to increase the use of aluminum trays for the foreseeable future.
Crucial insights in the aluminum trays market research:
- Underlying macro- and microeconomic factors impacting the growth of the aluminum trays market.
- Basic overview of the aluminum trays market, including market definition, classification, and applications.
- Scrutinization of each aluminum trays market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend of aluminum trays market across various industries.
- Important regions and countries offering lucrative opportunities to aluminum trays market stakeholders.
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- Exhaustive research regarding the market to offer A to Z information.
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The aluminum trays market continues to witness strong growth, with a CAGR growth of 5.8% during 2019 and 2027, according to a recent FactMR study.
The market analysis has revealed that the growing demand of hygienic packaging solutions and extended shelf-life have led to the growth of aluminum trays in the global aluminum trays market.
The overall sales of aluminum trays was pegged at around US$ 2.3 Bn in 2018 and likely to grow at a promising rate during the forecast period owing to growing demand for aluminum packaging solutions across the developed as well as developing economies.
In addition, the growing market of ready-to-eat meals along with changing consumer preferences are among the key factors anticipated to amplify the overall sales of aluminum trays over the forecast period.In the global aluminum trays market, East Asia is estimated to be the highly lucrative market and holds a dominating share in the global market.
On the other side, the growing demand of hygienic packaging solutions is expected to fuel the growth of aluminum trays market in the European region.
The key manufacturers around the globe are also focusing on expanding their production and sales footprint in the emerging markets.
The market analysis has revealed that the growing demand of hygienic packaging solutions and extended shelf-life have led to the growth of aluminum trays in the global market.
The overall sales of aluminum trays was pegged at around US$ 2.3 Bn in 2018 and likely to grow at a promising rate during the forecast period owing to growing demand for aluminum packaging solutions across the developed as well as developing economies.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Aluminum Trays market.
The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
Shares of major regional markets are also presented in the analysis.The study provides detailed profile of key players and their offering in the Aluminum Trays market, which includeQuickPackAlupet B.V.CogepackPenny Plate, LLCThe report offers insight into the competitive dynamic in the Aluminum Trays market which has shaped the major strategies of each player.
Cable trays are available in various designs and materials.
But, there are cable trays crafted out of glass fiber, galvanized steel, plastic, and so on so forth.Aluminum cable tray in Pune is popular among all other materials.
These are practical, rigid, and offer impressive resistance to corrosion.
In fact, aluminum trays are at least 50% lighter than regular stainless steel ones.Few other types of cable trays available are: The ladder type -As the name suggests, these trays are designed in the form of a ladder.
There are rails on two sides, bridged using rungs.
Solid bottom trays - The cable tray is specifically designed to be non-ventilated.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the punnet trays market include Nirmala Pet A Pack Private Limited., Earthpac., RPPL Industries Ltd., Produce Packaging (UK), J-Tech Systems., AVI Global Plast., Starlight Packaging., Associated Packaging, Inc., YV Packaging.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Punnet Trays Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/punnet-trays-market/download-sampleMarket DynamicsThe growing demand for sustainable packaging across several industries will be the main driving force for the punnet trays market.
Availability of customized paper-based punnets of varied Dimensions and shapes will enhance the market growth.
These punnets are in high demand in the packaging industry as they can readily travel through the supply chain, be filled on automatic lines, and offer increased shelf visibility and differentiation.
These punnets are highly sought after in the retail sector.
