Global Plastic Ready Meal Trays Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Plastic ready-to-eat trays are high-quality trays that possess strength, elegance, consistency, durability, and eco-friendly properties. These lightweight and recyclable ready-to - eat plastic trays are mainly used in the food and food service sector for packaging during storage and transit of a wide range of food products. Demand for ready-to-eat food products is seeing a high increase in metros, where a lot of working people do not have enough time to cook their meals properly. Ready-to-eat trays are frequently used in food service and catering (including airline catering) industries. Changing dietary habits also contributed to a greater tolerance of ready-to - eat products, guided by growing demand for convenience food. Growing competition for versatile packaging alternatives for differentiating consumer items on the grounds of characteristics such as kosher, medical, herbal and seasonal goods is also apparent in the global sector for ready-to -carry consumer trays. Moreover, fully recyclable ready-to - eat trays are becoming increasingly common across various industries. Increasing the productivity of the supply chain, that the risk of damage and improving health are some of the factors boosting demand for ready-to-eat trays. The food industry is moving rapidly towards the adoption of fully recyclable ready-to - eat trays. The European Union has also recently announced its new policy agenda with the aim of making all plastic packaging on the EU market reusable and recyclable by 2030. Manufacturers in the plastic tray industry are producing fully recyclable ready-to-eat trays instead of Omni-recyclable ready-to - eat trays. However, the continuing competition from both the government and customers has raised the need for cost-effective, plastic-free food packaging. Plant and fiber-based ready-to - eat trays are also expected to achieve significant popularity. Apart from the reality that major corporations are slowly transitioning from plastic to other substitutes, several start-ups have joined the category, which are associated with non-plastic packaging. However, various plastic ready meal trays are not recyclable with causes environment concerns which could further hamper the market growth. For instance, According to Recoup’s figures, around 525,000 tonnes of plastic pots, tubs and trays are used by households in the UK every year, but only 169,000 tonnes of this waste is collected for recycling.
The regional analysis of global Plastic Ready Meal Trays Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America account for the major market share in the industry due to the increasing change from plastic bottles to Plastic Ready Meal Trays in the healthcare market, along with the increasing need for processed food items in the region.
Major market player included in this report are:
Quinn Packaging
Genpak, LLC
Faerch
Sealed Air Corporation
Sonoco Products
Sabert Corporation
Bemis (Amcor)
Portage Plastics Corporation
MCP Performance Plastic Ltd
Silver Plastics
CiMa-Pak
Huhtamaki
Versatile Packaging
CMActive
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Others
By Moulding Technology:
Injection Moulding
Thermoformed moulding
By Tray Type:
Single Cavity
Multi Cavity
By End-Use:
Food Producers & Processors
Restaurants
Catering Services
Food Courts (In malls, Airports, Multiplexes, Railways, etc.)
Online Food Delivery
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Plastic Ready Meal Trays Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors