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Rigid Trays Packaging Market Size, Share & Trends Analysis Report by Application (Food & Beverage, Pharmaceutical, and Others), Material (Plastic, Paperboard, Metal, and Glass), Regional Outlook and Forecast, 2024-2031

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    Report

  • 187 Pages
  • August 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5996324
Description Jump to:
The Global Rigid Trays Packaging Market size is expected to reach $126.7 billion by 2031, rising at a market growth of 5.2% CAGR during the forecast period.

In Germany, the rise of e-commerce and the food and beverage sector are significant drivers of demand for rigid tray packaging. In Germany, online marketplaces generated approximately 51% of B2C e-commerce revenue in 2021. The turnover in 2020 increased by nearly 20%, with a revenue of EUR 50.5 billion for the year. This growth necessitates reliable packaging solutions to ensure the safe transit of goods, particularly for fragile and high-value items. Thus, the Europe region acquired 22% revenue share in the market 2023.



Rigid trays play a crucial role in this market expansion. These trays are designed to offer superior durability and protection for the food items they contain. Rigid trays can withstand the effects of transportation and handling without jeopardizing the quality of the food contained within.

Additionally, as retailers integrate online and offline shopping experiences, reliable packaging solutions that seamlessly transition between in-store displays and home delivery become crucial. Rigid trays provide the necessary durability and protection for products shipped directly to consumers, ensuring that items arrive pristine. Thus, expanding retail chains and supermarkets is significantly boosting the demand for rigid trays.

However, High production costs are often higher than alternative packaging solutions, particularly for trays made from high-quality or sustainable materials. One of the primary factors contributing to high production costs is the expense of raw materials. Traditional rigid trays are often made from plastic or aluminum, which can be costly. The expense may be even greater when organizations choose more sustainable materials, such as recyclable composites or biodegradable plastics. Hence, the high production costs associated with rigid trays pose a significant challenge to the market's growth.

Driving and Restraining Factors

Drivers

  • Increasing demand for convenience foods
  • Expansion of retail chains
  • Advancements in packaging technology

Restraints

  • High production costs associated with rigid trays
  • Competition from alternative packaging solutions

Opportunities

  • Rise in online food delivery services
  • Customization and branding opportunities

Challenges

  • Increasing awareness and concern about environmental sustainability
  • Economic uncertainty and fluctuations

Application Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 29% revenue share in the market in 2023. The growing demand for high-quality, durable packaging solutions is driven by the region's well-established food & beverage and pharmaceutical industries.



Material Outlook

By material, the market is divided into plastic, glass, metal, and paperboard. The plastic segment witnessed 52% revenue share in the market in 2023. This can be attributed to the prevalent use of plastic, which is cost-effective, durable, and versatile. Plastic trays are lightweight, lightweight, and can be readily molded into a variety of shapes and sizes.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 36% revenue share in the market in 2023. The region is home to a significant portion of the global diabetic population, with countries such as the US and Canada experiencing high and rising prevalence rates of diabetes.

List of Key Companies Profiled

  • Placon Corporation
  • Tekni-Plex Inc.
  • Berry Global Group
  • Sonoco Products Company
  • Amcor Plc
  • DS Smith Plc
  • Genpak, LLC (Great Pacific Enterprises, Inc.)
  • Dart Container Corporation
  • Anchor Packaging LLC
  • Winpak Ltd. (Wihuri International Oy)

Market Report Segmentation

By Application

  • Food & Beverage
  • Pharmaceutical
  • Others

By Material

  • Plastic
  • Paperboard
  • Metal
  • Glass

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Rigid Trays Packaging Market, by Application
1.4.2 Global Rigid Trays Packaging Market, by Material
1.4.3 Global Rigid Trays Packaging Market, by Geography
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Rigid Trays Packaging Market, by Application
4.1 Global Food & Beverage Market, by Region
4.2 Global Pharmaceutical Market, by Region
4.3 Global Others Market, by Region
Chapter 5. Global Rigid Trays Packaging Market, by Material
5.1 Global Plastic Market, by Region
5.2 Global Paperboard Market, by Region
5.3 Global Metal Market, by Region
5.4 Global Glass Market, by Region
Chapter 6. Global Rigid Trays Packaging Market, by Region
6.1 North America Rigid Trays Packaging Market
6.1.1 North America Rigid Trays Packaging Market, by Application
6.1.1.1 North America Food & Beverage Market, by Country
6.1.1.2 North America Pharmaceutical Market, by Country
6.1.1.3 North America Others Market, by Country
6.1.2 North America Rigid Trays Packaging Market, by Material
6.1.2.1 North America Plastic Market, by Country
6.1.2.2 North America Paperboard Market, by Country
6.1.2.3 North America Metal Market, by Country
6.1.2.4 North America Glass Market, by Country
6.1.3 North America Rigid Trays Packaging Market, by Country
6.1.3.1 US Rigid Trays Packaging Market
6.1.3.1.1 US Rigid Trays Packaging Market, by Application
6.1.3.1.2 US Rigid Trays Packaging Market, by Material
6.1.3.2 Canada Rigid Trays Packaging Market
6.1.3.2.1 Canada Rigid Trays Packaging Market, by Application
6.1.3.2.2 Canada Rigid Trays Packaging Market, by Material
6.1.3.3 Mexico Rigid Trays Packaging Market
6.1.3.3.1 Mexico Rigid Trays Packaging Market, by Application
6.1.3.3.2 Mexico Rigid Trays Packaging Market, by Material
6.1.3.4 Rest of North America Rigid Trays Packaging Market
6.1.3.4.1 Rest of North America Rigid Trays Packaging Market, by Application
6.1.3.4.2 Rest of North America Rigid Trays Packaging Market, by Material
6.2 Europe Rigid Trays Packaging Market
6.2.1 Europe Rigid Trays Packaging Market, by Application
6.2.1.1 Europe Food & Beverage Market, by Country
6.2.1.2 Europe Pharmaceutical Market, by Country
6.2.1.3 Europe Others Market, by Country
6.2.2 Europe Rigid Trays Packaging Market, by Material
6.2.2.1 Europe Plastic Market, by Country
6.2.2.2 Europe Paperboard Market, by Country
6.2.2.3 Europe Metal Market, by Country
6.2.2.4 Europe Glass Market, by Country
6.2.3 Europe Rigid Trays Packaging Market, by Country
6.2.3.1 Germany Rigid Trays Packaging Market
6.2.3.1.1 Germany Rigid Trays Packaging Market, by Application
6.2.3.1.2 Germany Rigid Trays Packaging Market, by Material
6.2.3.2 UK Rigid Trays Packaging Market
6.2.3.2.1 UK Rigid Trays Packaging Market, by Application
6.2.3.2.2 UK Rigid Trays Packaging Market, by Material
6.2.3.3 France Rigid Trays Packaging Market
6.2.3.3.1 France Rigid Trays Packaging Market, by Application
6.2.3.3.2 France Rigid Trays Packaging Market, by Material
6.2.3.4 Russia Rigid Trays Packaging Market
6.2.3.4.1 Russia Rigid Trays Packaging Market, by Application
6.2.3.4.2 Russia Rigid Trays Packaging Market, by Material
6.2.3.5 Spain Rigid Trays Packaging Market
6.2.3.5.1 Spain Rigid Trays Packaging Market, by Application
6.2.3.5.2 Spain Rigid Trays Packaging Market, by Material
6.2.3.6 Italy Rigid Trays Packaging Market
6.2.3.6.1 Italy Rigid Trays Packaging Market, by Application
6.2.3.6.2 Italy Rigid Trays Packaging Market, by Material
6.2.3.7 Rest of Europe Rigid Trays Packaging Market
6.2.3.7.1 Rest of Europe Rigid Trays Packaging Market, by Application
6.2.3.7.2 Rest of Europe Rigid Trays Packaging Market, by Material
6.3 Asia Pacific Rigid Trays Packaging Market
6.3.1 Asia Pacific Rigid Trays Packaging Market, by Application
6.3.1.1 Asia Pacific Food & Beverage Market, by Country
6.3.1.2 Asia Pacific Pharmaceutical Market, by Country
6.3.1.3 Asia Pacific Others Market, by Country
6.3.2 Asia Pacific Rigid Trays Packaging Market, by Material
6.3.2.1 Asia Pacific Plastic Market, by Country
6.3.2.2 Asia Pacific Paperboard Market, by Country
6.3.2.3 Asia Pacific Metal Market, by Country
6.3.2.4 Asia Pacific Glass Market, by Country
6.3.3 Asia Pacific Rigid Trays Packaging Market, by Country
6.3.3.1 China Rigid Trays Packaging Market
6.3.3.1.1 China Rigid Trays Packaging Market, by Application
6.3.3.1.2 China Rigid Trays Packaging Market, by Material
6.3.3.2 Japan Rigid Trays Packaging Market
6.3.3.2.1 Japan Rigid Trays Packaging Market, by Application
6.3.3.2.2 Japan Rigid Trays Packaging Market, by Material
6.3.3.3 India Rigid Trays Packaging Market
6.3.3.3.1 India Rigid Trays Packaging Market, by Application
6.3.3.3.2 India Rigid Trays Packaging Market, by Material
6.3.3.4 South Korea Rigid Trays Packaging Market
6.3.3.4.1 South Korea Rigid Trays Packaging Market, by Application
6.3.3.4.2 South Korea Rigid Trays Packaging Market, by Material
6.3.3.5 Singapore Rigid Trays Packaging Market
6.3.3.5.1 Singapore Rigid Trays Packaging Market, by Application
6.3.3.5.2 Singapore Rigid Trays Packaging Market, by Material
6.3.3.6 Malaysia Rigid Trays Packaging Market
6.3.3.6.1 Malaysia Rigid Trays Packaging Market, by Application
6.3.3.6.2 Malaysia Rigid Trays Packaging Market, by Material
6.3.3.7 Rest of Asia Pacific Rigid Trays Packaging Market
6.3.3.7.1 Rest of Asia Pacific Rigid Trays Packaging Market, by Application
6.3.3.7.2 Rest of Asia Pacific Rigid Trays Packaging Market, by Material
6.4 LAMEA Rigid Trays Packaging Market
6.4.1 LAMEA Rigid Trays Packaging Market, by Application
6.4.1.1 LAMEA Food & Beverage Market, by Country
6.4.1.2 LAMEA Pharmaceutical Market, by Country
6.4.1.3 LAMEA Others Market, by Country
6.4.2 LAMEA Rigid Trays Packaging Market, by Material
6.4.2.1 LAMEA Plastic Market, by Country
6.4.2.2 LAMEA Paperboard Market, by Country
6.4.2.3 LAMEA Metal Market, by Country
6.4.2.4 LAMEA Glass Market, by Country
6.4.3 LAMEA Rigid Trays Packaging Market, by Country
6.4.3.1 Brazil Rigid Trays Packaging Market
6.4.3.1.1 Brazil Rigid Trays Packaging Market, by Application
6.4.3.1.2 Brazil Rigid Trays Packaging Market, by Material
6.4.3.2 Argentina Rigid Trays Packaging Market
6.4.3.2.1 Argentina Rigid Trays Packaging Market, by Application
6.4.3.2.2 Argentina Rigid Trays Packaging Market, by Material
6.4.3.3 UAE Rigid Trays Packaging Market
6.4.3.3.1 UAE Rigid Trays Packaging Market, by Application
6.4.3.3.2 UAE Rigid Trays Packaging Market, by Material
6.4.3.4 Saudi Arabia Rigid Trays Packaging Market
6.4.3.4.1 Saudi Arabia Rigid Trays Packaging Market, by Application
6.4.3.4.2 Saudi Arabia Rigid Trays Packaging Market, by Material
6.4.3.5 South Africa Rigid Trays Packaging Market
6.4.3.5.1 South Africa Rigid Trays Packaging Market, by Application
6.4.3.5.2 South Africa Rigid Trays Packaging Market, by Material
6.4.3.6 Nigeria Rigid Trays Packaging Market
6.4.3.6.1 Nigeria Rigid Trays Packaging Market, by Application
6.4.3.6.2 Nigeria Rigid Trays Packaging Market, by Material
6.4.3.7 Rest of LAMEA Rigid Trays Packaging Market
6.4.3.7.1 Rest of LAMEA Rigid Trays Packaging Market, by Application
6.4.3.7.2 Rest of LAMEA Rigid Trays Packaging Market, by Material
Chapter 7. Company Profiles
7.1 Placon Corporation
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Tekni-Plex Inc.
7.2.1 Company Overview
7.2.2 Recent Strategies and Developments
7.2.2.1 Product Launches and Product Expansions
7.2.3 SWOT Analysis
7.3 Berry Global Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Sonoco Products Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Amcor Plc
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 DS Smith Plc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Genpak, LLC (Great Pacific Enterprises, Inc.)
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Dart Container Corporation
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Anchor Packaging LLC
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Winpak Ltd. (Wihuri International Oy)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives for Rigid Trays Packaging Market

Companies Mentioned

  • Placon Corporation
  • Tekni-Plex Inc.
  • Berry Global Group
  • Sonoco Products Company
  • Amcor Plc
  • DS Smith Plc
  • Genpak, LLC (Great Pacific Enterprises, Inc.)
  • Dart Container Corporation
  • Anchor Packaging LLC
  • Winpak Ltd. (Wihuri International Oy)

Methodology

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Table Information

Report AttributeDetails
No. of Pages187
PublishedAugust 2024
Forecast Period2023 - 2031
Estimated Market Value ( USD ) in 2023 $ 84.97 Billion
Forecasted Market Value ( USD ) by 2031 $ 126.66 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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