APAC Thermoform Trays Market - Industry Trends and Forecast to 2030
The Asia-Pacific thermoform trays market is expected to reach USD 4,079.84 million by 2030 from USD 2,716.69 million in 2022, growing at a CAGR of 5.3% during the forecast period of 2023 to 2030.
Market SegmentationAsia-Pacific Thermoform Trays Market, By Product (PET Trays, Clamshells, Oxygen Ingress Barrier Trays, Standard Trays, Shelf Display Trays, Insert Trays, Dunnage Trays, Drip Trays, and Others), Barrier Material (PVDC (Polyvinylidene Chloride), Metallized Films, Aluminium Foil, EVOH (Ethylene Vinyl Alcohol), Acrylic Coatings, Silicon Oxide Coatings, and Others), Amount of Polymer (10-50 Grams, 50-100 Grams, 100-150 Grams, and Above 150 Grams), Material (Plastic, Paper & Paperboard, and Others), Thermoforming Process (Vacuum Forming, Pressure Forming, and Twin Sheet Forming), Shape (Rectangular, Round, and Others), Usage (Disposable and Non-Disposable), Distribution Channel (B2B and B2C), End-Use (Food, Healthcare, Electronics, Personal Care, Hotels, Restaurants & Cafes, Home Care, and Others), Country (China, India, Japan, Indonesia, Thailand, Philippines, South Korea, Australia, Malaysia, New Zealand, Vietnam, Singapore, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Thermoform Trays Market DynamicsDriver
• Rising demand for packaged food among the working-class population
Restraint
• Environmental concerns and plastic wastes
Opportunity
• Rising demand for thermoform trays in the medical sector
Market PlayersSome of the major market players operating in the Asia-Pacific thermoform trays market are:• Sonoco Products Company
• Prent Corporation.
• Huhtamaki
• Placon.
• Amcor plc
• Pactiv LLC (A subsidiary of Pactiv Evergreen Inc.)
• WestRock Company
• DS Smith
• Lacerta Group LLC