Punnet Trays Market Size - Global Industry Analysis, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Punnet trays are flexible and durable in nature thus have variety of applications in the food & beverages packaging sector. Punnet trays allows food items to be packed at farm and shipped to the supermarkets, retail stores, etc. with minimized wastage while retaining the product freshness at the same time. Growing awareness towards convenience packaging in retail marketing with increased shelf visibility has emerged as a key factor and has thus led to increase in demand for punnet trays.

The revenue generated by the Europe punnet trays market is projected to expand at a CAGR of 4.3% in terms of value during the forecast period 2021 to 2030.

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Punnet trays are readily used in packaging and storage of both fresh as well as processed foods. The robust growth of food and beverages industry especially in fast pacing emerging markets, punnet trays market is expected to witness an above average rate of growth during the forecast period. In electronic, punnet trays are used efficiently in packaging and shipping of computer & other hardware components. Thus, with the rising demand for consumer electronics, punnet trays market is likely to show a steady CAGR during the forecasted period. However, government authorities across various countries over the globe have imposed stringent regulations regarding the use of plastic material which can hinder the growth of punnet trays market.

In this study, the years considered to estimate the market size of punnet trays are as follows:

• History Year: 2017-2020
• Base Year: 2020
• Forecast Year 2021 to 2030

Market Dynamics

The 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. The Curbside recyclable nature of these punnets will be a market booster. These punnets are highly sought after in the retail sector. It delivers reassurance to customers that their fresh fruit and vegetables are sealed in hygienic packs that are fully recyclable and from certified sources. The stringent government regulations regarding the use of plastic will be the main restraining factor for market growth.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of punnet trays. The growth and trends of Punnet Trays Industry provide a holistic approach to this study.

Report Highlights

In terms of applications, food packaging especially fruits & vegetables packaging are the highest revenue contributors in the global Punnet Trays market. Among the product type, insert trays are broadly used in the pharmaceutical industry for medicinal packaging. Glass vials and ampoules can be safely packaged and transported in insert trays with minimal damage. The towering growth in the global pharmaceutical industry will positively influence the thermoformed trays market through our forecast period of 2017 – 2030.

Developing economies like India, China, ASEAN countries, etc. have a sizable population with increased disposable income. Asia-Pacific region is expected to be the largest market share in Punnet Trays market owing to its growing consumer base in this region.

North America and Europe contributes a significant share in global Punnet Trays market due to rapid growth in demands from sectors such as food and beverages, electronics and healthcare. Middle-East and Africa region is currently at the nascent stage and is projected to show a reasonable rate of growth. Overall, the global Punnet Trays market is expected to register a healthy rate over the forecast period.

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Key Players

Some prominent players that currently operate in the punnet trays market are 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 and many others

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market

Market Segmentation

By Material

• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polyethylene
• High Impact Polystyrene (HIPS)
• Polyvinyl Chloride (PVC)
• Others

By Product Type

• Insert Trays
• Standard Trays
• Shelf Display Trays
• Others

By End Use

• Food & Beverages
• Electronics
• Pharmaceuticals
• Healthcare
• Horticulture
• Others

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