Aluminum Trays Market Revenue To Flourish At A 5.5% CAGR By 2027

The global aluminum trays market is estimated to register strong growth over the forecast period on the backdrop of the rising food & beverage industry and growing demand of hygienic packaging solutions around the globe. The global market for aluminum trays is expected to reach over 33 Bn units by 2027 end and grow with a volume CAGR of over 5.5% during the forecast period from 2019 to 2027.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Aluminum Trays market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Aluminum Trays market.

Competitive Landscape

These market participants play a prominent role in the transformation and development of the global aluminum trays market. The leading players are primarily involved in the expansion and acquisition activities and are also performing R&D for the development of new products.

For e.g.

• On 2nd February 2019, i2r Packaging Solutions Limited, a leading aluminum trays manufacturer launched a new tray design i2r Ultra™ in the global market. These new aluminum trays are lightweight and cost-effective which gives the company a competitive advantage in the global aluminum trays market.
• On 16th September 2019, Confoil, a manufacturer of aluminum trays, launched a new range of aluminum foil packaging solutions. The new product range includes, foil serving trays for food preparation and serving needs.
• On 1st March 2018, i2r Packaging Solutions Limited announced the expansion of its production capacity for aluminum packaging products to gain market share in the global aluminum trays market.

 Key findings of the Aluminum Trays market study:

• Regional breakdown of the Aluminum Trays market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Aluminum Trays vendors in detail.
• Region-wise and country-wise fragmentation of the Aluminum Trays market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Aluminum Trays market.

Key Companies Profiled

• Nicholl Food Packaging Ltd,
• Durable Packaging International,
• Formacia,
• ENVASES DEL PLATA S.A.,
• Artekno,
• Roihu Inc.,
• Contital Srl,
• Wyda Packaging (Pty) LTD.,
• Alufoil Products Pvt. Ltd,
• i2r Packaging Solutions Limited

 Segmentation of Aluminum Trays Industry Research

• By Product:
  • Rigid Compartmental Trays
  • Rigid Non-Compartmental Trays
•  By Capacity:
  • Less than 250 Grams
  • 250-500 Grams
  • More Than 500 Grams
•  By End Use:
  • QSR & FSR
  • Transportation Catering Services
  • Institutional; Catering Services
  • Retail Sales
  • Bakery & Confectionery Packaging
  • Other End Use
•  By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Queries addressed in the Aluminum Trays market report:

• Why are the Aluminum Trays market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Aluminum Trays market?
• Which regions are displaying the fastest growth in the Aluminum Trays market?
• What are the underlying micro-macroeconomic factors affecting the global Aluminum Trays market?