Aluminum Trays Market Analysis and Demand with Forecast Overview to 2027

Dubai, UAE, 2020-Feb-19 — /EPR Network/ — Fact.MR’s Report on Global Aluminum Trays Market

Aluminum is a highly malleable material, and it also has high levels of heat conductivity, which are key factors behind the high popularity of aluminum trays in the food industry. In addition, aluminum is a material that is not conducive to microbial growth, and is very popular in a variety of food packaging applications.

The global market for aluminum trays is projected to grow at a strong CAGR of more than 5.5 per cent for the forecast period till 2027. This will account for approximately 33 billion units during this period. This growth can be substantially attributed to the high demand for hygienic packaging options, which make aluminum a good choice owing to the light weight, superior recyclability, and cost effectiveness in tray production.

Product Launches are Key to Expansion Strategy for Manufacturers

The worldwide market for aluminum trays is widely considered to be very fragmented, with a large number of players seeking to bolster their penetration to the consumer base. Major players in the industry include names such as i2r Packaging Solutions Limited, Nicholl Food Packaging Ltd., Alufoil Products Pvt. Ltd., Wyda Packaging Ltd., Durable Packaging International, Contital Srl, Formacia, Roihu Inc., and Artenko among others.

These market players are consistently pushing to expand operations and product capacities, in addition to other methods of consolidation including mergers and acquisitions, which is augmented by substantial investments into research and development activities for the development of novel products.

The aluminum trays market report addresses the below-mentioned queries:

  • Why are vendors shifting away from traditional methods of manufacturing aluminum trays market?
  • How does the global aluminum trays market looks like in the next five years?
  • Which end use industry is expected to surpass segment by the end of 2027?
  • What innovative products are being introduced by the players in the global aluminum trays market?
  • Which regions are showing the fastest market growth?

On the basis of types, the aluminum trays market study consists of

  • Flexible
  • Rigid
  • Paper-Based
  • Metal
  • Glass

On the basis of end use, the aluminum trays market study incorporates:

  • QSR & FSR
  • Transportation Catering Services
  • Institutional; Catering Services
  • Retail Sales
  • Bakery & Confectionery Packaging

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Processed and RTE Food Applications are Key to Industry Growth

Developed regions such as Europe and North America are playing a dominant role in the demand for aluminum trays owing to the rapid rise of he packed foods sector in these places. This has resulted in a substantial demand for durable high barrier packaging materials.

The trend is especially true for processed and ready to eat food variants. In addition, the high versatility that aluminum allows for shaping the trays, also helps to boost demand with improvements to logistics. These factors are key to the growth of the industry for the foreseeable future.

On the other hand, aluminum trays are facing increased competition from a number of alternative packaging solutions. Some of the more popular of these include barrier polymers, metallized substrates, PVC, oxide coating, and cellophane. The development of such alternatives can substantially hamper the adoption rate of aluminum trays, especially with the advent of metallized films, which not only provide superior barrier properties, but also give similar aesthetic effects to that of aluminum trays.

Hygiene Concerns Influence Developments

Aluminum trays are used extensively with the objective of cutting food contamination and increasing shelf life for perishables. In recent times, manufacturers have been allocating increased resources for the production of lacquered variants of aluminum trays.

In addition, aluminum trays can endure high heat applications, and are even suitable for use in modern microwaves. This has made it a very popular, convenient, and clean option for the food service and food retail industry. Ease of storage, grab and go functionality, and easy storage are likely to increase the use of aluminum trays for the foreseeable future.

Crucial insights in the aluminum trays market research:

  • Underlying macro- and microeconomic factors impacting the growth of the aluminum trays market.
  • Basic overview of the aluminum trays market, including market definition, classification, and applications.
  • Scrutinization of each aluminum trays market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend of aluminum trays market across various industries.
  • Important regions and countries offering lucrative opportunities to aluminum trays market stakeholders.

Reasons to choose Fact.MR:

  • Exhaustive research regarding the market to offer A to Z information.
  • Digital technologies to provide innovative business solutions to the clients.
  • 24/7 availability of services.
  • Interaction with suppliers, vendors, and service providers for precise market landscape.
  • Reports tailored as per the requirements of the clients.

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