Plastic Tray and Container Market to Soar $14.70 Bn by 2034

Plastic Tray and Container Market Size and Company Insights

The plastic tray and container market was valued at approximately USD 9.98 billion in 2024 and is anticipated to grow to around USD 14.70 billion by 2034, representing a compound annual growth rate (CAGR) of 3.95% throughout the forecast period from 2024 to 2034.

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The market is proliferating due to the increasing business retail market of food& beverage, healthcare services, horticulture, e-commerce, personal care & cosmetics, hotels & cafes, catering, offices, bakeries, and many others which require plastic trays and containers for storage, packaging and delivery purposes. The growing trend of online ordering facilities is boosting the plastic tray and container market.

Market Overview

The plastic tray and container market is in high demand as numerous market players prefer this due to its affordability. These trays and containers are useful in several ways as they are sturdy, moisture-resistant, and lightweight, making them perfect for storing and transporting various products. The need for plastic packing is rising due to its accessibility, artistic visuals, and advanced environment-friendly choices. The plastic tray and container market is observing noteworthy development, determined by the accessibility of advanced, inexpensive, and sustainable packaging results.

These can be modified easily according to the purpose of different industries and also to encourage brands. Plastic trays and containers provide excellent quality protection against oxygen and water vapour to the food items and beverages packed. As businesses are continuously prioritizing sustainable and recyclable products this plastic tray and container market is anticipated to grow in upcoming times with an effort on recycling materials and ecological packaging solutions. The global packaging industry size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.

Driver

Recyclable Property Enhance the Plastic Tray and Container Market

Recyclable plastic trays and containers are in high demand in the market as these are useful for numerous purposes. With the rapid growth of the consumer goods, food & beverage industry, cosmetic industry, and many others have started shifting toward better packaging possibilities that are recyclable, lightweight, safe and sustainable for transporting purposes. Plastic tray and container packaging is well-known for its sturdiness and, confirms that foods are tightly packed and endangered.

Whether it is about the hustle while transporting goods or the push while shopping with carts, plastic containers are suitable in all cases. Furthermore, it is lightweight which makes it preferable for several uses. Apart from food & beverages, in the personal care and cosmetics industry, polypropylene is extensively used for manufacturing jars and bottles for packaging powders, creams, and various other cosmetic products. The durability and compact size of such containers protect products from light, dust, air, moisture, and dirt, confirming the integrity of the packaging.

• In December 2023, Ficacci Olive Company, announced the launch of paper trays. These are sustainable innovations with 100 per cent recyclability.

Plastic Tray and Container Market Trends

• Convenient and Hygienic Packaging: Plastic trays and containers are easy to handle hence these are highly used in the cosmetic industry. These can keep products safe and protect them from external conditions which influence the usage of these products in the healthcare sector as well.
• Durability in Packaging: Such plastic products are widely used in the packaging industry due to their sturdiness and ability to withstand adverse conditions while transporting products.
• Customisation Option: These trays and containers can be customised easily according to requirements which makes them suitable to use for several purposes. Plastic trays and containers can be moulded in several shapes, sizes, and colours to fulfil brand needs and help them to differentiate from other products.

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