Product Code: FBI113502
Growth Factors of trays packaging Market
The global trays packaging market continues to expand steadily as industries demand more durable, sustainable, and functional packaging solutions. According to the latest report, the market was valued at USD 90.98 million in 2024, is projected to increase to USD 95.48 million in 2025, and is expected to reach USD 140.37 million by 2032, growing at a CAGR of 5.66%. The market is strongly influenced by rising consumption of ready-to-eat meals, rapid e-commerce growth, and increased emphasis on sustainable packaging materials. Asia Pacific dominated the market with a 44.08% share in 2024, supported by a booming food service industry, expanding retail sector, and rising consumer demand for eco-friendly packaging formats.
Tray packaging, typically made from plastic, paperboard, corrugated cardboard, metal, or wood, serves diverse industries such as food and beverage, pharmaceuticals, cosmetics, electronics, and consumer goods. The shallow, broad structure of trays allows safe handling, product visibility, stackability, and high durability. With the rising trend of online food delivery, subscription meal kits, and fragile goods shipping, tray packaging has become a crucial component of modern supply chain and retail operations. Leading players such as Amcor and Smurfit Kappa continue to strengthen their positions through innovation, sustainable product lines, and expanded global footprints.
Market Dynamics
Market Driver - Rising Demand for Ready-to-Eat & Microwavable Meals
Global lifestyles are shifting toward convenience as urbanization, busy work schedules, and dual-income households fuel demand for ready-to-eat (RTE), frozen, and microwavable meals. As a result, dual-ovenable and microwave-safe trays are increasingly used for packaging these food products. Food companies are transitioning to more sustainable tray formats, as highlighted by Cafe Spice's adoption of polypropylene trays for RTE Indian meals. The rise in quick-service restaurants (QSRs), cloud kitchens, and retail meal kits is accelerating demand for high-quality trays that maintain product integrity during transport and reheating.
Market Restraint - Environmental Concerns Over Plastic Waste
Plastic waste is a major global concern, and tray packaging faces scrutiny for contributing to landfill and ocean pollution. Polystyrene and single-use plastics, in particular, face bans across Europe, Asia, and North America. According to UNEP, Over 8.5 million tonnes of plastic enter the oceans every year, driving consumer and regulatory pressure for eco-friendly packaging alternatives. This transition is costly for manufacturers and limits the use of conventional plastic trays, restraining the market's short-term growth. Manufacturers are shifting toward biodegradable, compostable, and recycled trays to meet environmental expectations.
Market Opportunity - Sustainability & Recyclable Packaging Solutions
The growing demand for recyclable, compostable, and fiber-based trays is creating strong growth opportunities. The EU's rising packaging waste-from 66 million tonnes in 2009 to 84 million tonnes in 2021-has prompted strict sustainability policies, boosting demand for eco-friendly trays. Companies that offer rPET trays, molded fiber trays, and biodegradable packaging materials are poised to benefit significantly. The food service industry is especially driving adoption of recyclable trays to reduce waste and appeal to environmentally conscious consumers.
Market Trends
A major trend reshaping the industry is the integration of smart packaging technologies. Trays equipped with QR codes, NFC chips, and freshness indicators enhance traceability, authenticity verification, and customer engagement. These innovations enable brands to offer interactive experiences, improve supply chain visibility, and enhance food safety. Simultaneously, the market is witnessing major movement toward plant-based materials, such as rPET, bagasse, and molded fiber, strengthening sustainable tray manufacturing.
Segmentation Insights
By Material
The plastic segment dominated in 2024, driven by durability, heat resistance, and superior food preservation properties. rPET is gaining traction due to its recyclability and regulatory compliance. The paper & paperboard segment ranked second, supported by high demand for eco-friendly and compostable trays.
By End-use Industry
The food & beverage segment held the largest share in 2024, driven by demand for RTE meals, bakery products, deli foods, and fresh produce. Growth in food delivery, takeaway services, and frozen meals further supports this segment.
The pharmaceutical sector is also growing steadily due to the need for sterile, protective, and compartmentalized trays used in drug handling and medical equipment.
Regional Insights
Asia Pacific - Market Leader
Asia Pacific accounted for USD 40.11 million in 2024 and remains the fastest-growing region. Rising food retail expansion, rapid urbanization, and strong demand for sustainable packaging are key drivers. China's food sector alone generated USD 1.3 trillion in revenue in 2022, supporting significant tray consumption.
North America
North America ranks second, supported by a robust food services industry, extensive retail networks, and strong consumer demand for convenience foods. The U.S. and Canada's emphasis on food safety and high-quality packaging fuels adoption of rigid trays.
Europe
Europe's strong sustainability regulations and high recycling standards make it a major market for fiber-based and rPET trays. The pharmaceutical sector, which invested USD 54,110 million in R&D in 2023, also boosts regional demand.
Latin America & Middle East/Africa
Both regions show steady growth due to rising packaged food consumption, improving cold chain logistics, and expansion of online food delivery services.
Conclusion
Growing from USD 90.98 million in 2024 to USD 140.37 million by 2032, the global trays packaging market is set for consistent expansion. Sustainability initiatives, rising convenience food demand, and smart packaging innovations will continue shaping industry growth throughout 2032.
Segmentation By Material
- Plastic
- Metal
- Wood
- Paper & Paperboard
- Others
By End-use Industry
- Food & Beverages
- Pharmaceuticals
- Electrical & Electronics
- Consumer Goods
- Others
By Region
- North America (Material, End-use Industry, and Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
- Europe (Material, End-use Industry, and Country)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- France (By End-use Industry)
- Spain (By End-use Industry)
- Italy (By End-use Industry)
- Russia (By End-use Industry)
- Poland (By End-use Industry)
- Romania (By End-use Industry)
- Rest of Europe (By End-use Industry)
- Asia Pacific (Material, End-use Industry, and Country)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- Australia (By End-use Industry)
- Southeast Asia (By End-use Industry)
- Rest of Asia Pacific (By End-use Industry)
- Latin America (Material, End-use Industry, and Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Argentina (By End-use Industry)
- Rest of Latin America (By End-use Industry)
- Middle East & Africa (Material, End-use Industry, and Country)
- Saudi Arabia (By End-use Industry)
- UAE (By End-use Industry)
- Oman (By End-use Industry)
- Saudi Arabia (By End-use Industry)
- Rest of Middle East & Africa (By End-use Industry)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regolatory Landscape
- 4.4. Porter's Five Forces Analysis
- 4.5. Value Chain Analysis
- 4.6. Global Packaging Industry Outlook
- 4.7. Impact of COVID-19 on the Trays Packaging Market
5. Global Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast - By Material
- 5.2.1. Plastic
- 5.2.2. Metal
- 5.2.3. Wood
- 5.2.4. Paper & Paperboard
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - By End-use Industry
- 5.3.1. Food & Beverages
- 5.3.2. Pharmaceuticals
- 5.3.3. Electrical & Electronics
- 5.3.4. Consumer Goods
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast - By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
6. North America Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast - By Material
- 6.2.1. Plastic
- 6.2.2. Metal
- 6.2.3. Wood
- 6.2.4. Paper & Paperboard
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast - By End-use Industry
- 6.3.1. Food & Beverages
- 6.3.2. Pharmaceuticals
- 6.3.3. Electrical & Electronics
- 6.3.4. Consumer Goods
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. S. Market Analysis, Insights and Forecast - By End-use Industry
- 6.4.1.1. Food & Beverages
- 6.4.1.2. Pharmaceuticals
- 6.4.1.3. Electrical & Electronics
- 6.4.1.4. Consumer Goods
- 6.4.1.5. Others
- 6.4.2. Canada Market Analysis, Insights and Forecast - By End-use Industry
- 6.4.2.1. Food & Beverages
- 6.4.2.2. Pharmaceuticals
- 6.4.2.3. Electrical & Electronics
- 6.4.2.4. Consumer Goods
- 6.4.2.5. Others
7. Europe Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast - By Material
- 7.2.1. Plastic
- 7.2.2. Metal
- 7.2.3. Wood
- 7.2.4. Paper & Paperboard
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast - By End-use Industry
- 7.3.1. Food & Beverages
- 7.3.2. Pharmaceuticals
- 7.3.3. Electrical & Electronics
- 7.3.4. Consumer Goods
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. Germany Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.1.1. Food & Beverages
- 7.4.1.2. Pharmaceuticals
- 7.4.1.3. Electrical & Electronics
- 7.4.1.4. Consumer Goods
- 7.4.1.5. Others
- 7.4.2. K. Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.2.1. Food & Beverages
- 7.4.2.2. Pharmaceuticals
- 7.4.2.3. Electrical & Electronics
- 7.4.2.4. Consumer Goods
- 7.4.2.5. Others
- 7.4.3. France Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.3.1. Food & Beverages
- 7.4.3.2. Pharmaceuticals
- 7.4.3.3. Electrical & Electronics
- 7.4.3.4. Consumer Goods
- 7.4.3.5. Others
- 7.4.4. Italy Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.4.1. Food & Beverages
- 7.4.4.2. Pharmaceuticals
- 7.4.4.3. Electrical & Electronics
- 7.4.4.4. Consumer Goods
- 7.4.4.5. Others
- 7.4.5. Spain Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.5.1. Food & Beverages
- 7.4.5.2. Pharmaceuticals
- 7.4.5.3. Electrical & Electronics
- 7.4.5.4. Consumer Goods
- 7.4.5.5. Others
- 7.4.6. Russia Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.6.1. Food & Beverages
- 7.4.6.2. Pharmaceuticals
- 7.4.6.3. Electrical & Electronics
- 7.4.6.4. Consumer Goods
- 7.4.6.5. Others
- 7.4.7. Poland Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.7.1. Food & Beverages
- 7.4.7.2. Pharmaceuticals
- 7.4.7.3. Electrical & Electronics
- 7.4.7.4. Consumer Goods
- 7.4.7.5. Others
- 7.4.8. Romania Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.8.1. Food & Beverages
- 7.4.8.2. Pharmaceuticals
- 7.4.8.3. Electrical & Electronics
- 7.4.8.4. Consumer Goods
- 7.4.8.5. Others
- 7.4.9. Rest of Europe Market Analysis, Insights and Forecast - By End-use Industry
- 7.4.9.1. Food & Beverages
- 7.4.9.2. Pharmaceuticals
- 7.4.9.3. Electrical & Electronics
- 7.4.9.4. Consumer Goods
- 7.4.9.5. Others
8. Asia Pacific Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast - By Material
- 8.2.1. Plastic
- 8.2.2. Metal
- 8.2.3. Wood
- 8.2.4. Paper & Paperboard
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast - By End-use Industry
- 8.3.1. Food & Beverages
- 8.3.2. Pharmaceuticals
- 8.3.3. Electrical & Electronics
- 8.3.4. Consumer Goods
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.1.1. Food & Beverages
- 8.4.1.2. Pharmaceuticals
- 8.4.1.3. Electrical & Electronics
- 8.4.1.4. Consumer Goods
- 8.4.1.5. Others
- 8.4.2. India Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.2.1. Food & Beverages
- 8.4.2.2. Pharmaceuticals
- 8.4.2.3. Electrical & Electronics
- 8.4.2.4. Consumer Goods
- 8.4.2.5. Others
- 8.4.3. Japan Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.3.1. Food & Beverages
- 8.4.3.2. Pharmaceuticals
- 8.4.3.3. Electrical & Electronics
- 8.4.3.4. Consumer Goods
- 8.4.3.5. Others
- 8.4.4. Australia Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.4.1. Food & Beverages
- 8.4.4.2. Pharmaceuticals
- 8.4.4.3. Electrical & Electronics
- 8.4.4.4. Consumer Goods
- 8.4.4.5. Others
- 8.4.5. Southeast Asia Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.5.1. Food & Beverages
- 8.4.5.2. Pharmaceuticals
- 8.4.5.3. Electrical & Electronics
- 8.4.5.4. Consumer Goods
- 8.4.5.5. Others
- 8.4.6. Rest of Asia Pacific Market Analysis, Insights and Forecast - By End-use Industry
- 8.4.6.1. Food & Beverages
- 8.4.6.2. Pharmaceuticals
- 8.4.6.3. Electrical & Electronics
- 8.4.6.4. Consumer Goods
- 8.4.6.5. Others
9. Latin America Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast - By Material
- 9.2.1. Plastic
- 9.2.2. Metal
- 9.2.3. Wood
- 9.2.4. Paper & Paperboard
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast - By End-use Industry
- 9.3.1. Food & Beverages
- 9.3.2. Pharmaceuticals
- 9.3.3. Electrical & Electronics
- 9.3.4. Consumer Goods
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast - By Country
- 9.4.1. Brazil Market Analysis, Insights and Forecast - By End-use Industry
- 9.4.1.1. Food & Beverages
- 9.4.1.2. Pharmaceuticals
- 9.4.1.3. Electrical & Electronics
- 9.4.1.4. Consumer Goods
- 9.4.1.5. Others
- 9.4.2. Mexico Market Analysis, Insights and Forecast - By End-use Industry
- 9.4.2.1. Food & Beverages
- 9.4.2.2. Pharmaceuticals
- 9.4.2.3. Electrical & Electronics
- 9.4.2.4. Consumer Goods
- 9.4.2.5. Others
- 9.4.3. Argentina Market Analysis, Insights and Forecast - By End-use Industry
- 9.4.3.1. Food & Beverages
- 9.4.3.2. Pharmaceuticals
- 9.4.3.3. Electrical & Electronics
- 9.4.3.4. Consumer Goods
- 9.4.3.5. Others
- 9.4.4. Rest of Latin America Market Analysis, Insights and Forecast - By End-use Industry
- 9.4.4.1. Food & Beverages
- 9.4.4.2. Pharmaceuticals
- 9.4.4.3. Electrical & Electronics
- 9.4.4.4. Consumer Goods
- 9.4.4.5. Others
10. Middle East & Africa Trays Packaging Market Analysis (USD Million), Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast - By Material
- 10.2.1. Plastic
- 10.2.2. Metal
- 10.2.3. Wood
- 10.2.4. Paper & Paperboard
- 10.2.5. Others
- 10.3. Market Analysis, Insights and Forecast - By End-use Industry
- 10.3.1. Food & Beverages
- 10.3.2. Pharmaceuticals
- 10.3.3. Electrical & Electronics
- 10.3.4. Consumer Goods
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast - By Country
- 10.4.1. Saudi Arabia Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.1.1. Food & Beverages
- 10.4.1.2. Pharmaceuticals
- 10.4.1.3. Electrical & Electronics
- 10.4.1.4. Consumer Goods
- 10.4.1.5. Others
- 10.4.2. UAE Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.2.1. Food & Beverages
- 10.4.2.2. Pharmaceuticals
- 10.4.2.3. Electrical & Electronics
- 10.4.2.4. Consumer Goods
- 10.4.2.5. Others
- 10.4.3. Oman Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.3.1. Food & Beverages
- 10.4.3.2. Pharmaceuticals
- 10.4.3.3. Electrical & Electronics
- 10.4.3.4. Consumer Goods
- 10.4.3.5. Others
- 10.4.4. South Africa Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.4.1. Food & Beverages
- 10.4.4.2. Pharmaceuticals
- 10.4.4.3. Electrical & Electronics
- 10.4.4.4. Consumer Goods
- 10.4.4.5. Others
- 10.4.5. Rest of Middle East & Africa Market Analysis, Insights and Forecast - By End-use Industry
- 10.4.5.1. Food & Beverages
- 10.4.5.2. Pharmaceuticals
- 10.4.5.3. Electrical & Electronics
- 10.4.5.4. Consumer Goods
- 10.4.5.5. Others
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2024
- 11.2. Company Profile
- 11.2.1. Arrow System Inc.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. Smurfit Kappa
- 11.2.2.1. Business Overview
- 11.2.2.2. Product Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. Huhtamaki
- 11.2.3.1. Business Overview
- 11.2.3.2. Product Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. Winpak Ltd.
- 11.2.4.1. DS Smith
- 11.2.4.2. Berry Global
- 11.2.4.3. Sonoco Products Company
- 11.2.5. ProAmpac
- 11.2.5.1. Business Overview
- 11.2.5.2. Product Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. Sealed Air
- 11.2.6.1. Business Overview
- 11.2.6.2. Product Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. Envaplaster
- 11.2.7.1. Business Overview
- 11.2.7.2. Product Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. Klockner Pentaplast
- 11.2.8.1. Business Overview
- 11.2.8.2. Product Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. Detpak
- 11.2.9.1. Business Overview
- 11.2.9.2. Product Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. Mannok
- 11.2.10.1. Business Overview
- 11.2.10.2. Product Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. Tekni-Plex Inc.
- 11.2.11.1. Business Overview
- 11.2.11.2. Product Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. Placon
- 11.2.12.1. Business Overview
- 11.2.12.2. Product Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development