Thermoformed Shallow Trays Market Size, Share, Growth, Trends, and Forecast 2032

Thermoformed Shallow Trays Market Insights

According to a report from Zion Market Research, the global Thermoformed Shallow Trays Market was valued at USD 467.1 Million in 2023 and is projected to hit USD 813.08 Million by 2032, with a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Thermoformed Shallow Trays Market industry over the next decade.

Request Free Sample

Thermoformed Shallow Trays Market: Outlook

Thermoformed shallow trays are shallow containers that are utilized for packaging of consumer goods. The product is made up from plastic & paper laminates through thermoforming process where plastic & paper laminated sheets of a specific size are clamped in place, heated to a specific temperature Thermoformed shallow trays find lucrative application in food, electronics, pharmaceutical, personal care & cosmetics, and industrial goods.

Thermoformed Shallow Trays Market: Growth Dynamics

Massive use of thermoformed shallow trays for packaging food products will steer the expansion of thermoformed shallow trays industry in the years to come. Furthermore, lucrative use of the product in drug packaging & medical device packaging is anticipated to generate lucrative growth avenues for thermoformed shallow trays industry over the assessment period. Apparently, the eco-friendly thermoformed shallow trays that are made from bio-degradable materials like PLA are anticipated to further enlarge the scope of thermoformed shallow trays industry over the forecast timeline.

Request Free Sample

Thermoformed Shallow Trays Market: Report Scope

Furthermore, need for providing protection & stability to the items along with reducing their fragility through effective packing has resulted in humungous product popularity globally in the recent years. Moreover, the product has also found applications in cosmetics and electronics industries in the recent years.

Request Free Sample

North America To Make Huge Contributions Towards Overall Market Revenue By 2032

The expansion of thermoformed shallow trays market in North American sub-continent over the forecast timeline is attributed to large-scale manufacturing of thin weight thermoformers in the North American sub-continent. The market penetration in the region is likely to gain traction due to the prominent use of product in packaging as a result of its toughness & flexibility. Humungous presence of giant players in the sub-continent will pave a way for the expansion of thermoformed shallow traps industry in North America over the ensuing years.

Key players profiled in the report include :

• Anchor Packaging, Inc.
• Bemis Company, Inc.
• Sonoco Products Company
• Huhtamaki Oyj
• Pactiv LLC
• Tray-Pak Corporation
• Display Pack, Inc.
• D&W Fine Pack LLC
• Placon Corporation.

The global thermoformed shallow trays market is segmented as follows:

By material:

• Plastic
  • Polyethylene terephthalate (PET)
  • Poly vinyl chloride (PVC)
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Others
• Paper based Laminates

By application:

• Food
  • Dairy products
  • Bakery products
  • Meat, poultry & seafood
  • Food services
  • Snacks
  • Others
• Cosmetics & personal care
• Pharmaceuticals
• Industrial goods
• Electronics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa