Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Thermoformed Shallow Trays Market (2023-2028) by Material Type, Application Type, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Thermoformed Shallow Trays Market is estimated to be USD 4.6 Bn in 2023 and is expected to reach USD 6.01 Bn by 2028, growing at a CAGR of 5.49%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Thermoformed Shallow Trays Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Thermoformed Shallow Trays Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Thermoformed Shallow Trays Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 181 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $4.6 Billion |
| Forecasted Market Value (USD) by 2028 | $6.01 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Increasing use of thermoformed shallow trays for packaging food products
- Growing application in cosmetic and electronic industries
- Growing utilization of industrial goods and pharmaceuticals
Restraints
- Limited capability of thermoformed trays in the packaging of products with complex shapes
Opportunities
- Escalating use of thermoformed shallow trays in bakery applications
- Increasing use of R&D activities and new developments
Challenges
- Availability of alternative packaging solutions
Companies Mentioned
- Amcor PLC
- Anchor Packaging, Inc.
- Bemis Company, Inc.
- Blisterpak, Inc.
- Brentwood Industries, Inc.
- D&W Fine Pack LLC
- Display Pack, Inc.
- Dordan Manufacturing
- First Pack LLC
- Huhtamaki Oyj
- J.P. Plastics, Inc.
- Klockner Pentaplast (KP)
- Lacerta Group, Inc.
- Nelipak Corp.
- Pactiv LLC
- Placon Corp.
- Rompa Group
- Rohrer Corp.
- RPC Group PLC
- Sealed Air Corp.
- Silgan Holdings, Inc
- Sinclair & Rush, Inc.
- Sonoco Products Company
- THERM O PACK Thermoforming Solutions
- Tray-Pak Corp.
- UFP Technologies, Inc.
- Universal Plastics Group, Inc.
Market Segmentation
The Global Thermoformed Shallow Trays Market is segmented based on Material Type, Application Type, and Geography.
- By Material Type, the market is classified into Plastic and Paper based laminates.
- By Application Type, the market is classified into Food, Pharmaceuticals, Cosmetics and Personal Care, Industrial Goods, and Electronics.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/1t8hd7
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