Plastic Tray Market To Witness Exponential Rise in Revenue Share During Forecast Period 2022 – 2031 : FactMR

Retail and Consumer Goods

Key manufacturers in Europe incurred huge losses due to the pandemic, with the shutting down of several stores in 2020. Europe is home to many fashion capitals that have streets full of retail outlets. The stores suffered the blow of the pandemic due to non-existent footfall in the first half of the year.However, due to the widespread adoption of e-commerce by traditional stores, the manufacturers witnessed a steady recovery in terms of sales and production. Many stores have also reopened with keeping in-store health and safety measures in check and are experiencing average footfall.

As consumers are getting comfortable with online retail portals, the retail industry is witnessing a gradual recovery with prospects for expansion in the future.

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Additionally, the Plastic Tray market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Plastic Tray market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe.

The plastic tray market is projected to expand at a very slow phase with the global sales of plastic tray surpassing US$ 7,000 million by the end of 2018, according to the latest report by Fact.MR. Introduction of eco-friendly alternatives to the plastic trays such as fiber-based trays, bagasse or sugarcane trays, paper trays, and plant-based plastics are emerging as a threat in the growth of the plastic tray market. However, manufacturers in the plastic tray market are focusing on developing reusable and recyclable plastic trays.

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Chapter 1- Executive Summary

This chapter of the report on plastic tray market presents a summary of all the key findings and important numbers in form of value and volume. It also focuses on the key growth opportunities for market participants to expand globally.

Chapter 2- Market Data- Introduction

The chapter includes a brief introduction of the plastic tray market. It also provides a target product definition of the plastic tray along with the market taxonomy.

Chapter 3- Plastic Tray Market Dynamics Associated Industry Assessment

This section of the report provides information on various market dynamics including drivers, trends, challenges, and opportunity in the plastic tray market. The report also offers an impact analysis on the factors impacting the market growth.

Chapter 4- Associated Industry Assessment

This chapter of the report offers an overview of the plastic tray market. It also provides information on the packaging materials region-wise consumption. Data on the global plastic production along with the important acquisitions by the leading players in the plastic tray market is also offered in the report. It also offers information on the latest trends and innovations in the plastic tray market.

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High-recyclability property of PET material is leading to the growing popularity in the plastic tray market. Companies in the plastic tray market are using a recycled PET to produce plastic trays as it is lightweight, shatterproof, cost-effective, and saves energy. The packaging industry across the world is using PET material on a large scale. For instance, Europe is witnessing the significant growth of PET trays in the packaging industry in the region.

Recycling of PET trays and bottles is also significantly growing with new technologies and equipment to ensure proper recycling of PET plastic trays. Also, according to Recoup, a plastic organization in the UK, nearly 70,000 tons of PET plastic trays are collected in the UK every year.

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