Overview

Plastic Trays Market Overview Plastic trays are widely used in the packaging of various products including food, agriculture, electronic accessories, pharmaceutical, & automotive, etc. Plastic trays are customizable, and therefore are available in a variety of sizes. Plastic trays offer various features as compared to the conventional paper and paperboard trays such as water & chemical resistance, durable, rigid, lightweight, washable, and recyclable. The most important advantage of the plastic trays is that these trays are reusable and environment friendly. Furthermore, being 100% recyclable, plastic trays are expected to be an ideal sustainable choice for handling of materials, parts, and products. Plastic trays are designed to have a smooth interior and exterior surface in order to maintain product integrity. Plastic trays are durable and cost-effective method of packaging material compared to alternative methods. Increasing importance of plastic in packaging medical devices led to the robust growth of the market. Packaging material is an integral part of the product and intended to protect the product from the external environment. Rising demand of packaging to increase the protection led to the robust growth of the market. It is used to increase the aesthetics of the product and intended to increase brand perception and triggers impulsive buying in the general population. It has a huge application in preserving the brand image and quality of the products. Further, advent of technologies integrated the multiple modalities and improved the operational efficiencies. It decreased the cost of production and created opportunities for manufacturers. North America market is expected to witness high market share in global market due to high dollar opportunity. It is followed by European region and it accounts significant share in global market. Asia-Pacific regions are expected to witness high market growth rate during forecast period. Asia Pacific region is dominated by local manufacturers and expected to remain same throughout the forecast period. Latin America and Rest of world market are expected to account small fraction of market share due to less adoption. Plastic Trays market players are

DuPont, Wipak, 3M Company, Bemis Company, Inc., West Pharmaceutical Services, Inc., Placon Corporation and others Plastic Trays Market Segmentation By Product Type Shipping Trays

ESD Trays

Plastic Bins & Insert Trays

Large Plastic Trays

Hinged Plastic Boxes By End User Hospitals

Clinics

Academics

Outpatient Centres By Region North America

Latin America

Europe

Asia Pacific

Rest of the World Competitive Landscape:

• Tier 1 players- established companies in the market with a major market share

• Tier 2 players

• Emerging players which are growing rapidly

• New Entrants FutureWise Key Takeaways

• Growth prospects

• SWOT analysis

• Key trends

• Key data-points affecting market growth Objectives of the Study: • To provide with an exhaustive analysis on the global Plastic Trays Market by Product Type, by End-User, and by Region • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

• To evaluate and forecast micro-markets and the overall market

• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East

• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

• Profiling of companies to evaluate their market shares, strategies, financials and core competencies