Plastic Ready Meal Trays Market

Plastic Ready Meal Trays Market (Material: Polypropylene [PP], Polyethylene Terephthalate [PET], and Others; Molding Technology: Injection Molding and Thermoformed Molding; Tray Type: Single Cavity and Multi Cavity; End Use: Food Producers & Processors, Restaurants, Catering Services, Food Courts, and Online Food Delivery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2028

Growing Adoption of Multi-colored and Transparent Plastic Ready Meal Trays to Aid Market Growth

The food & beverage industry has experienced considerable changes over the past couple of decades. The rapidly changing consumer trends coupled with regulatory developments pertaining to various aspects of the industry have primarily shaped the modern-day food & beverages sector. Over the past decade, one of the most buzzing areas within the industry is packaging. The adoption of plastic ready meal trays has witnessed a gradual rise, particularly in the first half of the last decade. At present, despite consistent growth in the demand for plastic ready meal trays over the past few years, the overall prospects of the market point toward bleak and uncertain times due to growing focus on environment sustainability.

At present, the adoption of plastic ready meal trays is on the rise, owing to the rising demand for on-the-go and ready-to-eat food products, particularly in the urban regions. In addition, the overall growth of the online food delivery ecosystem around the world has also played a key role in increasing the demand for plastic ready meal trays. In addition, as consumers continue to seek convenient to-carry packaging solutions, the demand for plastic ready meal trays is projected to remain steady. However, the increasing pressure from regulatory bodies due to the disposal and recycling challenges put forward by black CPET trays could dent the growth of the global plastic ready meal trays market during the forecast period.

These factors coupled with growing emphasis on improving the presentation of plastic ready meal trays are likely to shape the growth trajectory of the global plastic ready meal trays market that is expected to attain a market value of ~US$ 700 Mn by the end of 2028.

Environment-friendly Alternatives to Replace Non-recyclable Plastic Ready Meal Trays

Although by theory black CPET plastic ready meal trays are recyclable, in several regions of the world, sorting machines at the recyclable plant that primarily use near-infrared light to detect different colors lack the capability of detecting black plastic ready meal trays. Due to this, these trays are dumped into landfills. Manufacturers operating in the current plastic ready meal trays landscape are increasingly spending resources to tackle the challenges put forward by black plastic recycling.

As the quest for alternative packaging solutions intensifies, the demand for plastic ready meal trays of different colors is on the rise. In the current scenario, multi-colored or transparent plastic ready meal trays are in vogue and the trend is expected to continue over the forecast period. In addition, players operating in the plastic ready meal trays market landscape are also expected to focus on rolling out alternative solutions that are microwaveable and over proof. The growing demand for environment-friendly and sustainable packaging solutions is expected to accelerate innovations over the next few years.

Adoption of CPET Black Plastic Trays Likely to Decline, Fiber and Plant-based Alternatives to Gain Traction

Crystalline polyethylene terephthalate (CPET) black plastic trays are a viable alternative to aluminum trays. In addition, CPET trays are versatile and are largely used for ready meals. Despite offering several advantages, including versatility, durability, and convenience, the demand for CPET black plastic ready meal trays is likely to decline over the course of the forecast period. The growing demand for environment-friendly solutions and consistent pressure to explore the potential of fiber and plant-based alternatives is expected to hinder the overall growth of the plastic ready meal trays market.

Several small-medium sized companies operating in the plastic ready meal trays value chain are investing resources to improve the production quality and the overall environment sustainability quotient to comply with regulatory standards. In addition, as supermarkets, retailers, and food brands are increasingly being pressurized to minimize plastic packaging, ready meal trays made from plastic are likely to lose popularity. The ongoing pressure from the government as well as consumers has increased the demand for cost-efficiency plastic-free food packaging. Plant and fiber-based ready meal trays are likely to gain considerable traction. Apart from large-scale companies gradually shifting from plastic to other alternatives, a host of startups have entered the fray due to which, the plastic ready meal trays market is likely to witness sluggish growth toward the second half of the forecast period.

Demand for Online Food Delivery Platforms Grows amid COVID-19 Pandemic

Although consumers are increasingly becoming conscious of the overall hygiene levels, the demand for online food delivery platforms across the globe is expected to have a positive outlook during the ongoing COVID-19 pandemic due to which, the demand for plastic ready meal trays is projected to increase. However, the demand for plastic ready meal trays is likely to remain lower than initial projections as restaurants in several regions of the world remain shut due to lockdown and restrictions on movement. Market participants should focus on product diversification and explore the potential of alternative materials as a packaging solution. Despite treading through the COVID-19 event at a steady pace, the plastic ready meal trays market is expected to witness the entry of alternative solutions, including transparent or multi-colored ready meal trays.

Analysts’ Viewpoint

The global plastic ready meal trays market is expected to grow at a moderate CAGR of 4.6% during the forecast period. The market growth is driven by high adoption of plastic ready meal trays from the restaurant sector, high demand for ready-to-eat meals, evolving consumer preferences, and growing interest toward transparent and multi-colored plastic ready meal trays. The market growth, however, is expected to be affected by regulatory changes and growing focus on environment-friendly packaging alternatives. Thus, market players should gradually invest resources in developing sustainable packaging solutions using fiber or plant-based materials to gain an edge in the global plastic ready meal trays market.

Plastic Ready Meal Trays Market: Overview

  • According to Transparency Market Research’s latest report on the global plastic ready meal trays market for the historical period of 2015 - 2019 and forecast period of 2020 - 2028, the market is estimated to be driven by growing trend of online food ordering and rising adoption of convenient-to-carry packaging alternatives. The global plastic ready meal trays market is expected expand by 1.4x its current market value with a notable CAGR of 4.6% during next eight years. 

Growing Adoption of Multi-coloured Recyclable Trays to Augment Market Growth

  • Changing eating habits have led to a wider acceptance of ready-to-eat foods, driven by increased preference for comfort. As a result, demand for ready-to-eat food products is recording high growth in tier 1 cities, where a large segment of population tends to prefer take-outs or order online instead of cooking at home meals. Thus, sale of plastic ready meal trays is projected to witness significant growth of the online food delivery and food courts.
  • Furthermore, recycling and disposal issues from use of black CPET trays are creating growth opportunities for clear and multi-colored plastic ready meal trays. Increasing demand for convenient-to-carry packaging alternatives for differentiating food products based on features such as kosher, medicinal, organic, and seasonal goods also drives the demand for ready-to-carry food trays on a global scale.
  • Manufacturers of plastic ready meal trays are incorporating the use of omni-recyclable PET lids to maintain the freshness and high nutritional value of various products, which contributes greatly to the development of the plastic ready meal trays market

Ability to Offer Extended Shelf Life and Exceptional Barrier Properties Raise Popularity among End Users

  • One of the key factors that increases the preference for plastic ready meal trays in the market is extended shelf life of food that these trays offer. A significant amount of food products spoil due to exposure to air and moisture, thereby increasing the need for effective packaging that can protect food products. As a result, vendors and retailers prefer packaging solutions that provide extended shelf life over conventional packaging solutions.
  • Plastic ready meal trays are the most popular choice among end users when it comes to food packaging. Excellent barrier properties of plastic ready meal trays make it possible for vendors to increase the transit distance of their packaged products. Therefore, plastic ready meal trays have emerged as one of the most prominent food packaging techniques.
  • Nowadays, pasteurization is the most common process used to treat food and it extends the shelf life of a product considerably. However, not all packaging can withstand this shelf life extension technique and high fluctuations in temperature. The solution for this challenge is the use of coated ready meal trays with a specially developed layer for heat-stability. Coated plastic ready meal trays are becoming a key trend in the plastic ready meal trays market, owing to the extended shelf life of its food products.

Plastic Ready Meal Trays Market: Key Findings

  • As per material, polyethylene terephthalate (PET) ready meal trays are projected to lead the overall plastic ready meal trays market with more than 60% of the market share in 2020. This segment is expected to witness the incremental opportunity of US$ 162.7 Mn during the forecast period.
  • Based on molding technology, substantial portion of plastic ready meal trays manufacturers prefer thermoformed molding to design and produce plastic ready meal trays owing to its design flexibility and lower tooling cost. The segment is projected to register peak y-o-y of 4.8% during 2023-2026 and it is expected to grow at a CAGR of 4.7% during the forecast period.
  • As per TMR analysis, multi cavity plastic ready meal trays are highly preferred for food packaging among the end users. By the end of 2028, the multi cavity plastic ready meal trays segment is anticipated to account for more than 70% of the market share. 
  • Despite being a matured market, the European plastic ready meal trays market is expected to generate an incremental opportunity of more than US$ 70 Mn by the end of 2028. The region accounts for a higher usage of plastic ready meal trays, and is expected to further increase over time. However, rising penetration of online food delivery market and packaging needs in highly potential Asia Pacific and MEA regions are likely to benefit plastic ready meal trays manufacturers.

Plastic Ready Meal Trays Market: Competition Landscape

  • TMR analysed that the global plastic ready meal trays market is highly competitive, owing to start-ups and entry of local players. This completion among key players is carefully studied based on developments, strategies, and segmental revenue of the company over the past five years.
  • The recent study of plastic ready meal trays market includes profiles of players such as 
    • Sonoco Products Company
    • Faerch A/S
    • DS Smith Plc
    • Amcor plc
    • Quinn Packaging
    • Huhtamäki Oyj
    • Omniform Group
    • MCP Performance Plastic Ltd,
    • Silver plastics GmbH & Co. KG
    • Versatile Packaging
  • TMR differentiated these players as Tier 1, Tier 2 and Tier 3 as per their segmental earnings. Among these players, Amcor plc and DS Smith Plc are identified as Tier 1 players in the plastic ready meal trays market. In 2019, these companies accounted for a collective market share of ~10%-15%. The Tier 2 players are Huhtamäki Oyj, Sonoco Products Company and Faerch A/S. Tier 3 players are Silver plastics GmbH & Co. KG, Quinn Packaging, Omniform Group, MCP Performance Plastic Ltd, and others.

Rapid Spread of COVID – 19 Pandemic to Slowdown Plastic Ready Meal Trays Market Growth

  • COVID-19 has disrupted the supply chain of manufacturing industries worldwide, impacting the packaging industry as well. Discontinuation of production in multiple regions such as North America, Europe, and Asia Pacific, which accounts for a significant usage of plastic ready meal trays, have affected the market severely. Along with this, due to Covid-19, people are becoming more conscious about their eating habits. Consumers across the globe are preferring nutritious home cooked food rather than consuming and ordering outside food items. This factor has created severe impact on the online food delivery, which will further slowdown the demand for plastic ready meal trays for certain period of time.
  • Besides this, disturbance in distribution network, restrictions on trading activities, absence of employees and workers in manufacturing plants, and continuously changing financial conditions & tariffs in many countries due to COVID - 19 pandemic affects the demand and supply of plastic ready meal trays considerably. As per the TMR analysis, the demand for plastic ready meal trays will be sluggish until next two quarters of 2020. However, with better planning and decisions of the regulatory authorities and key players, the plastic ready meal trays market is expected to gain significant momentum among end users in the beginning of 2021.

Plastic Ready Meal Trays Market – Segmentation

The global plastic ready meal trays market has been segmented on the basis of material, molding technology, tray type, end use, and region. Each of these segments has been analyzed to provide readers with a holistic view of the market.

Material

  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
    • Crystallized PET
    • Amorphous PET
  • Others (HIPS, HDPE, etc.)

Molding Technology

  • Injection Molding
  • Thermoformed Molding

Tray Type

  • Single Cavity
  • Multi Cavity

End Use

  • Food Producers & Processors
  • Restaurants
    • Full Service Restaurants
    • Quick Service Restaurants
  • Catering Services
  • Food Courts (In malls, Airports, Multiplexes, Railways, etc.)
  • Online Food Delivery

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa

    1. Executive Summary

        1.1. Market Overview

        1.2. TMR Analysis and Recommendations

    2. Market Introduction

        2.1. Market Definition

        2.2. Market Taxonomy

    3. Plastic Ready Meal Trays Market Overview

        3.1. Global GDP Growth Outlook

        3.2. Global Packaging Industry Outlook

        3.3. Global Food & Beverage Industry Outlook

        3.4. Macro-Economic Factors and Co-relation Analysis

        3.5. Forecast Factors – Relevance and Impact

        3.6. Value Chain Analysis

            3.6.1.  Exhaustive List of Active Participants

                3.6.1.1. Raw Material Suppliers

                3.6.1.2. Manufacturers

                3.6.1.3. Distributors/Retailers

                3.6.1.4. End Users

            3.6.2.  Profitability Margins

        3.7. Market Dynamics

            3.7.1.  Drivers

            3.7.2.  Restraints

            3.7.3.  Opportunities

            3.7.4.  Trends

    4. Global Plastic Ready Meal Trays Market Analysis

        4.1. Pricing Analysis

            4.1.1.  Pricing Assumption

            4.1.2.  Price Projections By Region

        4.2. Market Value (US$ Mn) and Volume (Tonnes) Analysis & Forecast

        4.3. Y-o-Y Growth Projections

        4.4. Absolute $ Opportunity Analysis

    5. Impact of COVID-19

    6. Global Plastic Ready Meal Trays Market Analysis and Forecast, By Material

        6.1. Introduction

            6.1.1.  Market share Analysis, By Material

        6.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            6.2.1.  Polypropylene (PP)

            6.2.2.  Polyethylene Terephthalate (PET)

                6.2.2.1. Crystallized PET

                6.2.2.2. Amorphous PET

            6.2.3.  Others (HIPS, HDPE, etc.)

        6.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            6.3.1.  Polypropylene (PP)

            6.3.2.  Polyethylene Terephthalate (PET)

                6.3.2.1. Crystallized PET

                6.3.2.2. Amorphous PET

            6.3.3.  Others (HIPS, HDPE, etc.)

        6.4. Market Attractiveness Analysis, By Material

    7. Global Plastic Ready Meal Trays Market Analysis and Forecast, By Molding Technology

        7.1. Introduction

            7.1.1.  Market share Analysis, By Molding Technology

        7.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            7.2.1.  Injection Molding

            7.2.2.  Thermoformed Molding

        7.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            7.3.1.  Injection Molding

            7.3.2.  Thermoformed Molding

        7.4. Market Attractiveness Analysis, By Molding Technology

    8. Global Plastic Ready Meal Trays Market Analysis and Forecast, By Tray Type

        8.1. Introduction

            8.1.1.  Market share Analysis, By Tray Type

        8.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            8.2.1.  Single Cavity

            8.2.2.  Multi Cavity

        8.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            8.3.1.  Single Cavity

            8.3.2.  Multi Cavity

        8.4. Market Attractiveness Analysis, By Tray Type

    9. Global Plastic Ready Meal Trays Market Analysis and Forecast, By End Use

        9.1. Introduction

            9.1.1.  Market share Analysis, By End Use

        9.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            9.2.1.  Food Producers & Processors

            9.2.2.  Restaurants

                9.2.2.1. Full service restaurants

                9.2.2.2. Quick service restaurants

            9.2.3.  Catering Services

            9.2.4.  Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            9.2.5.  Online Food Delivery

        9.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            9.3.1.  Food Producers & Processors

            9.3.2.  Restaurants

                9.3.2.1. Full service restaurants

                9.3.2.2. Quick service restaurants

            9.3.3.  Catering Services

            9.3.4.  Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            9.3.5.  Online Food Delivery

        9.4. Market Attractiveness Analysis, By End Use

    10. Global Plastic Ready Meal Trays Market Analysis and Forecast, By Region

        10.1. Introduction

            10.1.1. Market share Analysis By Region

        10.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Region

            10.2.1. North America

            10.2.2. Latin America

            10.2.3. Europe

            10.2.4. Asia Pacific 

            10.2.5. Middle East and Africa (MEA)

        10.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028 By Region

            10.3.1. North America

            10.3.2. Latin America

            10.3.3. Europe

            10.3.4. Asia Pacific 

            10.3.5. Middle East and Africa (MEA)

        10.4. Market Attractiveness Analysis By Region

    11. North America Plastic Ready Meal Trays Market Analysis and Forecast

        11.1. Introduction

            11.1.1. Market share and Market Attractiveness Analysis, By Country

        11.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Country

            11.2.1. U.S.

            11.2.2. Canada

        11.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Country

            11.3.1. U.S.

            11.3.2. Canada

        11.4. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            11.4.1. Polypropylene (PP)

            11.4.2. Polyethylene Terephthalate (PET)

                11.4.2.1. Crystallized PET

                11.4.2.2. Amorphous PET

            11.4.3. Others (HIPS, HDPE, etc.)

        11.5. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            11.5.1. Polypropylene (PP)

            11.5.2. Polyethylene Terephthalate (PET)

                11.5.2.1. Crystallized PET

                11.5.2.2. Amorphous PET

            11.5.3. Others (HIPS, HDPE, etc.)

        11.6. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            11.6.1. Injection Molding

            11.6.2. Thermoformed Molding

        11.7. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            11.7.1. Injection Molding

            11.7.2. Thermoformed Molding

        11.8. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            11.8.1. Single Cavity

            11.8.2. Multi Cavity

        11.9. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            11.9.1. Single Cavity

            11.9.2. Multi Cavity

        11.10. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            11.10.1. Food Producers & Processors

            11.10.2. Restaurants

                11.10.2.1. Full service restaurants

                11.10.2.2. Quick service restaurants

            11.10.3. Catering Services

            11.10.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            11.10.5. Online Food Delivery

        11.11. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            11.11.1. Food Producers & Processors

            11.11.2. Restaurants

                11.11.2.1. Full service restaurants

                11.11.2.2. Quick service restaurants

            11.11.3. Catering Services

            11.11.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            11.11.5. Online Food Delivery

    12. Latin America Plastic Ready Meal Trays Market Analysis and Forecast

        12.1. Introduction

            12.1.1. Market share and Market Attractiveness Analysis, By Country

        12.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Country

            12.2.1. Brazil

            12.2.2. Mexico

            12.2.3. Argentina

            12.2.4. Rest of LA

        12.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028 By Country

            12.3.1. Brazil

            12.3.2. Mexico

            12.3.3. Argentina

            12.3.4. Rest of LA

        12.4. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            12.4.1. Polypropylene (PP)

            12.4.2. Polyethylene Terephthalate (PET)

                12.4.2.1. Crystallized PET

                12.4.2.2. Amorphous PET

            12.4.3. Others (HIPS, HDPE, etc.)

        12.5. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            12.5.1. Polypropylene (PP)

            12.5.2. Polyethylene Terephthalate (PET)

                12.5.2.1. Crystallized PET

                12.5.2.2. Amorphous PET

            12.5.3. Others (HIPS, HDPE, etc.)

        12.6. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            12.6.1. Injection Molding

            12.6.2. Thermoformed Molding

        12.7. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            12.7.1. Injection Molding

            12.7.2. Thermoformed Molding

        12.8. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            12.8.1. Single Cavity

            12.8.2. Multi Cavity

        12.9. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            12.9.1. Single Cavity

            12.9.2. Multi Cavity

        12.10. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            12.10.1. Food Producers & Processors

            12.10.2. Restaurants

                12.10.2.1. Full service restaurants

                12.10.2.2. Quick service restaurants

            12.10.3. Catering Services

            12.10.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            12.10.5. Online Food Delivery

        12.11. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            12.11.1. Food Producers & Processors

            12.11.2. Restaurants

                12.11.2.1. Full service restaurants

                12.11.2.2. Quick service restaurants

            12.11.3. Catering Services

            12.11.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

        12.12. Online Food Delivery

    13. Europe Plastic Ready Meal Trays Market Analysis and Forecast

        13.1. Introduction

            13.1.1. Market share and Market Attractiveness Analysis, By Country

        13.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Country

            13.2.1. Germany

            13.2.2. Spain

            13.2.3. France

            13.2.4. Belgium

            13.2.5. Netherlands

            13.2.6. Luxembourg

            13.2.7. U.K.

            13.2.8. Italy

            13.2.9. Rest of Europe

        13.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028 By Country

            13.3.1. Germany

            13.3.2. Spain

            13.3.3. France

            13.3.4. Belgium

            13.3.5. Netherlands

            13.3.6. Luxembourg

            13.3.7. U.K.

            13.3.8. Italy

            13.3.9. Rest of Europe

        13.4. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            13.4.1. Polypropylene (PP)

            13.4.2. Polyethylene Terephthalate (PET)

                13.4.2.1. Crystallized PET

                13.4.2.2. Amorphous PET

            13.4.3. Others (HIPS, HDPE, etc.)

        13.5. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            13.5.1. Polypropylene (PP)

            13.5.2. Polyethylene Terephthalate (PET)

                13.5.2.1. Crystallized PET

                13.5.2.2. Amorphous PET

            13.5.3. Others (HIPS, HDPE, etc.)

        13.6. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            13.6.1. Injection Molding

            13.6.2. Thermoformed Molding

        13.7. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            13.7.1. Injection Molding

            13.7.2. Thermoformed Molding

        13.8. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            13.8.1. Single Cavity

            13.8.2. Multi Cavity

        13.9. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            13.9.1. Single Cavity

            13.9.2. Multi Cavity

        13.10. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            13.10.1. Food Producers & Processors

            13.10.2. Restaurants

                13.10.2.1. Full service restaurants

                13.10.2.2. Quick service restaurants

            13.10.3. Catering Services

            13.10.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            13.10.5. Online Food Delivery

        13.11. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            13.11.1. Food Producers & Processors

            13.11.2. Restaurants

                13.11.2.1. Full service restaurants

                13.11.2.2. Quick service restaurants

            13.11.3. Catering Services

            13.11.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

        13.12. Online Food Delivery

    14. Asia Pacific Plastic Ready Meal Trays Market Analysis and Forecast

        14.1. Introduction

            14.1.1. Market share and Market Attractiveness Analysis, By Country

        14.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Country

            14.2.1. China

            14.2.2. India

            14.2.3. Japan

            14.2.4. ASEAN Countries

            14.2.5. Australia and New Zealand

            14.2.6.  Rest of APAC

        14.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028 By Country

            14.3.1. China

            14.3.2. India

            14.3.3. Japan

            14.3.4. ASEAN Countries

            14.3.5. 1.73.5.  Australia and New Zealand

            14.3.6. 1.73.6.  Rest of APAC

        14.4. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            14.4.1. Polypropylene (PP)

            14.4.2. Polyethylene Terephthalate (PET)

                14.4.2.1. Crystallized PET

                14.4.2.2. Amorphous PET

            14.4.3. Others (HIPS, HDPE, etc.)

        14.5. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            14.5.1. Polypropylene (PP)

            14.5.2. Polyethylene Terephthalate (PET)

                14.5.2.1. Crystallized PET

                14.5.2.2. Amorphous PET

            14.5.3. Others (HIPS, HDPE, etc.)

        14.6. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            14.6.1. Injection Molding

            14.6.2. Thermoformed Molding

        14.7. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            14.7.1. Injection Molding

            14.7.2. Thermoformed Molding

        14.8. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            14.8.1. Single Cavity

            14.8.2. Multi Cavity

        14.9. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            14.9.1. Single Cavity

            14.9.2. Multi Cavity

        14.10. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            14.10.1. Food Producers & Processors

            14.10.2. Restaurants

                14.10.2.1. Full service restaurants

                14.10.2.2. Quick service restaurants

            14.10.3. Catering Services

            14.10.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            14.10.5. Online Food Delivery

        14.11. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            14.11.1. Food Producers & Processors

            14.11.2. Restaurants

                14.11.2.1. Full service restaurants

                14.11.2.2. Quick service restaurants

            14.11.3. Catering Services

            14.11.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

        14.12. Online Food Delivery

    15. Middle East and Africa Plastic Ready Meal Trays Market Analysis and Forecast

        15.1. Introduction

            15.1.1. Market share and Market Attractiveness Analysis, By Country

        15.2. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Country

            15.2.1. GCC countries

            15.2.2. Northern Africa

            15.2.3. South Africa

            15.2.4. Turkey

            15.2.5. Rest of MEA

        15.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Country

            15.3.1. 1.85.1. GCC countries

            15.3.2. 1.85.2.  Northern Africa

            15.3.3. 1.85.3.  South Africa

            15.3.4. 1.85.4.  Turkey

            15.3.5. 1.85.5.  Rest of MEA

        15.4. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Material

            15.4.1. Polypropylene (PP)

            15.4.2. Polyethylene Terephthalate (PET)

                15.4.2.1. Crystallized PET

                15.4.2.2. Amorphous PET

            15.4.3. Others (HIPS, HDPE, etc.)

        15.5. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Material

            15.5.1. Polypropylene (PP)

            15.5.2. Polyethylene Terephthalate (PET)

                15.5.2.1. Crystallized PET

                15.5.2.2. Amorphous PET

            15.5.3. Others (HIPS, HDPE, etc.)

        15.6. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Molding Technology

            15.6.1. Injection Molding

            15.6.2. Thermoformed Molding

        15.7. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Molding Technology

            15.7.1. Injection Molding

            15.7.2. Thermoformed Molding

        15.8. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By Tray Type

            15.8.1. Single Cavity

            15.8.2. Multi Cavity

        15.9. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By Tray Type

            15.9.1. Single Cavity

            15.9.2. Multi Cavity

        15.10. Historical Market Value (US$ Mn) and Volume (Tonnes), 2015-2019, By End Use

            15.10.1. Food Producers & Processors

            15.10.2. Restaurants

                15.10.2.1. Full service restaurants

                15.10.2.2. Quick service restaurants

            15.10.3. Catering Services

            15.10.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

            15.10.5. Online Food Delivery

        15.11. Market Size (US$ Mn) and Volume (Tonnes) Forecast Analysis 2020-2028, By End Use

            15.11.1. Food Producers & Processors

            15.11.2. Restaurants

                15.11.2.1. Full service restaurants

                15.11.2.2. Quick service restaurants

            15.11.3. Catering Services

            15.11.4. Food Courts (In malls, Airports, Multiplexes, Railways, etc.)

        15.12. Online Food Delivery

    16. Competitive Landscape

        16.1. Competition Dashboard

        16.2. Company Market Share Analysis

        16.3. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments, SWOT analysis)

        16.4. Competition Deep Dive

            16.4.1. Amcor plc

                16.4.1.1. Overview 

                16.4.1.2. Financials

                16.4.1.3. Strategy

                16.4.1.4. Recent Developments

                16.4.1.5. SWOT Analysis

            16.4.2. DS Smith Plc

                16.4.2.1. Overview 

                16.4.2.2. Financials

                16.4.2.3. Strategy

                16.4.2.4. Recent Developments

                16.4.2.5. SWOT Analysis

            16.4.3. Faerch A/S

                16.4.3.1. Overview 

                16.4.3.2. Financials

                16.4.3.3. Strategy

                16.4.3.4. Recent Developments

                16.4.3.5. SWOT Analysis

            16.4.4. Sonoco Products Company

                16.4.4.1. Overview 

                16.4.4.2. Financials

                16.4.4.3. Strategy

                16.4.4.4. Recent Developments

                16.4.4.5. SWOT Analysis

            16.4.5. Huhtamäki Oyj

                16.4.5.1. Overview 

                16.4.5.2. Financials

                16.4.5.3. Strategy

                16.4.5.4. Recent Developments

                16.4.5.5. SWOT Analysis

            16.4.6. Quinn Packaging

                16.4.6.1. Overview 

                16.4.6.2. Financials

                16.4.6.3. Strategy

                16.4.6.4. Recent Developments

                16.4.6.5. SWOT Analysis

            16.4.7. Omniform Group

                16.4.7.1. Overview 

                16.4.7.2. Financials

                16.4.7.3. Strategy

                16.4.7.4. Recent Developments

                16.4.7.5. SWOT Analysis

            16.4.8. MCP Performance Plastic Ltd

                16.4.8.1. Overview 

                16.4.8.2. Financials

                16.4.8.3. Strategy

                16.4.8.4. Recent Developments

                16.4.8.5. SWOT Analysis

            16.4.9. Silver plastics GmbH & Co. KG

                16.4.9.1. Overview 

                16.4.9.2. Financials

                16.4.9.3. Strategy

                16.4.9.4. Recent Developments

                16.4.9.5. SWOT Analysis

            16.4.10. Versatile Packaging

                16.4.10.1. Overview 

                16.4.10.2. Financials

                16.4.10.3. Strategy

                16.4.10.4. Recent Developments

                16.4.10.5. SWOT Analysis

    17. *The above list is indicative in nature and is subject to change during the course of research

    18. Assumptions and Acronyms Used

    19. Research Methodology

    Table 01: Global Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 02: Global Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 03: Global Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 04: Global Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 05: Global Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Region, 2015(H)-2028(F)

    Table 06: North America Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 07: North America Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 08: North America Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 09: North America Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 10: North America Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Country, 2015(H)-2028(F)

    Table 11: Latin America Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 12: Latin America Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 13: Latin America Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 14: Latin America Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 15: Latin America Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Country, 2015(H)-2028(F)

    Table 16: Europe Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 17: Europe Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 18: Europe Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 19: Europe Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 20: Europe Plastic Ready Trays Market Value (US$ Mn) Analysis, by Country, 2015(H)-2028(F)

    Table 21: Europe Plastic Ready Trays Market Volume (Tonnes) Analysis, by Country, 2015(H)-2028(F)

    Table 22: Asia Pacific Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 23: Asia Pacific Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 24: Asia Pacific Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 25: Asia Pacific Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 26: Asia Pacific Plastic Ready Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Country, 2015(H)-2028(F)

    Table 27: MEA Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Material, 2015(H)-2028(F)

    Table 28: MEA Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Molding Technology, 2015(H)-2028(F)

    Table 29: MEA Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Tray Type, 2015(H)-2028(F)

    Table 30: MEA Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by End Use, 2015(H)-2028(F)

    Table 31: MEA Plastic Ready Meal Trays Market Value (US$ Mn) & Volume (Tonnes) Analysis, by Country, 2015(H)-2028(F)

    Figure 01: Global Plastic Ready Meal Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 02: Global Plastic Ready Meal Trays Market Attractiveness by Material 2020(E)-2028(F)

    Figure 03: Global Plastic Ready Meal Trays Market Share Analysis by Molding Technology 2015H, 2020(E) & 2028(F)

    Figure 04: Global Plastic Ready Meal Trays Market Attractiveness by Molding Technology 2020(E)-2028(F)

    Figure 05: Global Plastic Ready Meal Trays Market Share Analysis by Tray Type 2015H, 2020(E) & 2028(F)

    Figure 06: Global Plastic Ready Meal Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 07: Global Plastic Ready Meal Trays Market Share Analysis by End Use 2015H, 2020(E) & 2028(F)

    Figure 08: Global Plastic Ready Meal Trays Market Attractiveness by End Use 2020(E)-2028(F)

    Figure 09: Global Plastic Ready Meal Trays Market Share Analysis by Region 2015H, 2020(E) & 2028(F)

    Figure 10: Global Plastic Ready Meal Trays Market Attractiveness by Region 2020(E)-2028(F)

    Figure 11: North America Plastic Ready Meal Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 12: North America Plastic Ready Meal Trays Market Value Analysis by Molding Technology, 2020(E)

    Figure 13: North America Plastic Ready Meal Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 14: North America Plastic Ready Meal Trays Market Value Share by End Use 2020(E)

    Figure 15: Latin America Plastic Ready Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 16: Latin America Plastic Ready Trays Market Value Analysis by Molding Technology, 2020(E)

    Figure 17: Latin America Plastic Ready Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 18: Latin America Plastic Ready Trays Market Value Share by End Use 2020(E)

    Figure 19: Europe Plastic Ready Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 20: Europe Plastic Ready Trays Market Value Analysis by Molding Technology, 2020(E)

    Figure 21: Europe Plastic Ready Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 22: Europe Plastic Ready Trays Market Value Share by End Use 2020(E)

    Figure 23: Asia Pacific Plastic Ready Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 24: Asia Pacific Plastic Ready Trays Market Value Analysis by Molding Technology, 2020(E)

    Figure 25: Asia Pacific Plastic Ready Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 26: Asia Pacific Plastic Ready Trays Market Value Share by End Use 2020(E)

    Figure 27: MEA Plastic Ready Meal Trays Market Share Analysis by Material 2015H, 2020(E) & 2028(F)

    Figure 28: MEA Plastic Ready Meal Trays Market Value Analysis by Molding Technology, 2020(E)

    Figure 29: MEA Plastic Ready Meal Trays Market Attractiveness by Tray Type 2020(E)-2028(F)

    Figure 30: MEA Plastic Ready Meal Trays Market Value Share by End Use 2020(E)

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