Global Thermoform Trays Market - Industry Trends and Forecast to 2030
The global thermoform trays market is expected to reach USD 8,912.96 million by 2030 from USD 6,297.39 million in 2022, growing at a CAGR of 4.5% during the forecast period of 2023 to 2030.
Market SegmentationGlobal 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 (U.S., Canada, Mexico, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, New Zealand, Vietnam, Rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Switzerland, Denmark, Poland, Sweden, Rest of Europe, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Oman, Kuwait, Qatar, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Global Thermoform Trays Market DynamicsDriver
• Positive outlook toward the personal care industry
Restraint
• Credible threat of trays made from other materials
Opportunity
• Rising demand for thermoform trays in the medical sector
Market PlayersSome of the major market players operating in the global thermoform trays market are:• Amcor plc
• Pactiv LLC (A subsidiary of Pactiv Evergreen Inc.)
• WestRock Company
• DS Smith
• Sonoco Products Company
• Prent Corporation
• Huhtamaki
• Placon
• Nelipak Healthcare Packaging
• Lacerta Group LLC
• EasyPak
• Dordan Manufacturing Company
• HLP Klearfold
• Engineered Components & Packaging, LLC
• Universal Plastics Group, Inc.