Industrial, Manufacturing & Heavy Industry Market News

Discover the thermoformed shallow trays global market forecast to 2023

Industrial Market Research

Growing acceptance of thermoformed packaging, increasing range of applications in pharmaceutical industry, high usage of thermoformed shallow trays in bakery applications and improved preference of manufacturers towards non-petroleum-based polymers are some factors which are anticipated to stimulate the market growth globally.

According to Publisher, the Global Thermoformed Shallow Trays market is expected to grow from $4.05 billion in 2016 to reach $5.98 billion by 2023 with a CAGR of 5.7%. 

However, limited scope for the usage of thermoformed shallow trays for liquid packaging is restricting the market.

For more information about this report:…outlook-2017-2023

Plastic segment dominates the global market due to its low cost, easy and abundant availability.

By geography, North America dominated the global market attributed to strongly developed capabilities of thin gauge thermoformers in this region.
Some of the key players in this region include D&W Fine Pack LLC, Anchor Packaging, Inc., Placon Corporation, Pactiv LLC, Huhtamaki Oyj, First Pack LLC, Display Pack, Inc., Bemis Company, Inc., Tray-Pak Corporation and Sonoco Products Company.

Applications Covered:
-Industrial Goods
- Bakery Products
- Dairy Products
- Food Services
- Poultry, Seafood, Meat
- Snacks
- Others
-Cosmetics and Personal Care

Material Types Covered:
-Paper based Laminates
- Polypropylene (PP) 
- Polystyrene (PS) 
- Polyethylene (PE) 
- Polyethylene Terephthalate (PET) 
- Poly Vinyl Chloride (PVC) 
- Others 

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Regions Covered:
-North America
- US
- Canada
- Mexico
- Germany
- France
- Italy
- UK 
- Spain 
- Rest of Europe 
-Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- Brazil
- Argentina
- South Africa
- Egypt

Company Profiles 
9.1 D&W Fine Pack LLC 
9.2 Anchor Packaging, Inc. 
9.3 Placon Corporation 
9.4 Pactiv LLC 
9.5 Huhtamaki Oyj 
9.6 First Pack LLC 
9.7 Display Pack, Inc. 
9.8 Bemis Company, Inc. 
9.9 Tray-Pak Corporation 
9.10 Sonoco Products Company 

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