Punnet Trays Market: Overview
In today’s world, plastic material is gaining popularity and has emerged as a significant material for food packaging. With growing advancement in the packaging technology, different techniques are now readily developed, utilized and thus preferred to bring plastic based materials for packaging in different industries. One of such type of packaging is Punnet Trays which are manufactured from Polyethylene terephthalate (PET), Polypropylene (PP), etc. into different sizes and shapes. 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. 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.
Punnet Trays Market: Drivers & Restraints
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.
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Punnet Trays Market: Segmentation
The Punnet Trays market is segmented as follows
On the basis of material used, the Punnet Trays market is segmented into:
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- High Impact Polystyrene (HIPS)
- Polyvinyl chloride (PVC)
On the basis of product type, the Punnet Trays market is segmented into:
- Insert trays
- Standard trays
- Shelf display trays
On the basis of end-use, the Punnet Trays market is segmented into:
- Poultry Products
- Meat & Sea food products
Punnet Trays Market: Regional Overview
Geographically, the Punnet Trays market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).