Dublin, Jan. 07, 2025 (GLOBE NEWSWIRE) -- The "Produce Packaging Trays - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Produce Packaging Trays was estimated at US$2.9 Billion in 2023 and is projected to reach US$3.8 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030.
How Are Produce Packaging Trays Influencing Consumer Preferences and Market Trends?
Produce packaging trays are becoming an increasingly important factor in consumer purchasing decisions as awareness of food safety, sustainability, and convenience grows. In the eyes of consumers, packaging is no longer just about protecting food - it also reflects a brand's commitment to sustainability and health. Environmentally conscious consumers are demanding more eco-friendly packaging solutions, driving a shift toward recyclable, compostable, and biodegradable trays. Retailers and manufacturers are responding by adopting sustainable packaging options that align with consumer values, such as trays made from renewable resources like paper pulp or those using post-consumer recycled materials.
Convenience is another critical driver shaping consumer preferences in the produce aisle. Ready-to-eat or pre-packaged produce in individual trays is gaining popularity among busy consumers looking for easy-to-use options that minimize preparation time. These trays not only enhance product visibility but also improve hygiene, as the produce is less likely to be handled by multiple people before purchase.
The rise of e-commerce and grocery delivery services has further underscored the importance of effective produce packaging, as items need to withstand the rigors of transportation while maintaining their freshness. In this context, durable and secure packaging trays that ensure produce arrives intact are increasingly essential. Packaging trays are also influencing retail display strategies, as well-designed, stackable trays allow for better organization and more attractive presentations, ultimately enhancing the overall shopping experience.
What's Fueling the Expansion of the Produce Packaging Tray Market?
The growth in the produce packaging tray market is driven by several interrelated factors, each contributing to the expanding demand for innovative, sustainable, and functional packaging solutions. One of the most significant drivers is the increasing global demand for fresh fruits and vegetables, driven by health-conscious consumers seeking nutritious, minimally processed foods. As consumption of fresh produce rises, the need for packaging solutions that can protect and preserve the quality of these items throughout the supply chain becomes more critical.
Additionally, the rise in e-commerce and online grocery shopping has further fueled the demand for sturdy, protective packaging trays that can ensure produce arrives at consumers' homes in perfect condition. Sustainability concerns are another key factor driving market growth. As consumers and governments alike push for reduced plastic use and more environmentally friendly packaging options, manufacturers are being prompted to develop and adopt recyclable, biodegradable, and compostable materials for produce trays. In some regions, regulations are mandating reductions in single-use plastics, encouraging the development of eco-friendly alternatives such as molded fiber or recycled materials. This push toward sustainability is not only a regulatory requirement but also a competitive advantage for companies that can meet consumer demands for green packaging solutions.
Technological advancements, particularly in food preservation, are also driving growth in the produce packaging tray market. Modified atmosphere packaging (MAP) and active packaging technologies that extend the shelf life of fresh produce are becoming increasingly popular, as retailers seek ways to reduce food waste while maintaining the freshness of their products. Finally, the increased focus on food safety and hygiene is boosting demand for packaging that minimizes direct contact with fresh produce, helping to maintain cleanliness and consumer confidence in the safety of their food. These drivers are collectively shaping the future of the produce packaging tray market, with sustainability, technology, and consumer demand at the forefront of its continued growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Growers / Shippers End-Use segment, which is expected to reach US$2 Billion by 2030 with a CAGR of a 4.1%. The Repackers End-Use segment is also set to grow at 3.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $766.5 Million in 2023, and China, forecasted to grow at an impressive 6.2% CAGR to reach $804.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Produce Packaging Trays Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Produce Packaging Trays Market such as Amcor Limited, Bemis Company, Inc., Coveris Holdings S.A, D.S. Smith Plc, E. I. du Pont de Nemours and Company and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Global Produce Packaging Trays market report include:
- Amcor
- Bemis Company
- Coveris Holdings
- D.S. Smith
- E. I. du Pont de Nemours and Company
- International Paper Company
- Mondi
- RockTenn Company
- Sealed Air Corporation
- Silgan Holdings
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.9 Billion |
| Forecasted Market Value (USD) by 2030 | $3.8 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Produce Packaging Trays - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Growing Demand for Fresh Produce Propels Growth in Produce Packaging Trays Market
- Increasing Focus on Reducing Food Waste Expands Addressable Market for Protective Packaging Solutions
- Advances in Sustainable and Eco-Friendly Packaging Materials Drive Innovation in Compostable and Recyclable Produce Trays
- Consumer Preference for Convenience and Pre-Packaged Produce Spurs Growth in Ready-to-Eat Packaging Trays
- Rising Demand for Transparent Packaging Strengthens the Business Case for Clear and See-Through Produce Trays
- Increasing Use of Produce Packaging Trays in E-Commerce and Home Delivery Expands Market for Durable and Secure Packaging
- Advances in Modified Atmosphere Packaging (MAP) Propel Growth in Produce Trays That Extend Shelf Life
- Growing Focus on Hygienic and Tamper-Evident Packaging Drives Demand for Sealed and Secure Produce Trays
- Surge in Demand for Organic and Premium Produce Expands Market for High-Quality and Aesthetic Packaging Trays
- Advances in Biodegradable and Plant-Based Packaging Materials Propel Growth in Eco-Friendly Produce Packaging Trays
- Rising Focus on Reducing Single-Use Plastics Strengthens Demand for Sustainable Alternatives in Produce Packaging
- Growing Use of Produce Trays in Supermarkets and Retail Displays Expands Market for Attractive and Functional Packaging
GLOBAL MARKET PERSPECTIVE
FOCUS ON SELECT PLAYERS
- Amcor
- Bemis Company
- Coveris Holdings
- D.S. Smith
- E. I. du Pont de Nemours and Company
- International Paper Company
- Mondi
- RockTenn Company
- Sealed Air Corporation
- Silgan Holdings
For more information about this report visit https://www.researchandmarkets.com/r/u5hj7d
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