Product Code: ETC007247 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore Packaging Trays market is estimated to register a CAGR of over 8.4% during the forecast period, 2020-2026. The growing demand for lightweight and durable trays from various end-use industries such as food & beverage, cosmetics & personal care, and pharmaceuticals has been driving the growth of the packaging trays market in Singapore. In addition, increasing focus on product innovation by manufacturers is likely to propel the growth of the market in coming years.
Growing Demand for Lightweight Trays: Increasing demand for lightweight packaging solutions with an emphasis on cost-saving have led to a favorable outlook for plastic tray manufacturers. Manufacturers are focusing on materials that can offer better strength without compromising on weight. This has prompted them to develop innovative designs including multi-compartmentalized trays made up of light plastics such as polypropylene (PP) and polyethylene terephthalate (PET). Such developments are expected to drive the Singapore Packaging Tray Market in near future.Increase in Consumer Preference Towards Sustainable Packaging Materials: There is an increase in consumer preference towards sustainable packaging materials due their environment friendly nature over traditional products made up of nonbiodegradable plastics or heavy metals like steel or aluminum.As a result manufacturers are rapidly introducing bioplastics such as bio based polylactic acid (PLA), starch based material, ETC into their portfolio which provide improved performance than conventional materials further propelling its use across different applications.
High Cost Involved With Innovative Designs : Developing innovative design s using new material comes at a high cost which may act as restraining factor against its adoption among small scale players operating within budget constraints.Also large amount of capital involved with developing automated production lines may be beyond reach for some manufactures leading them unable produce multiple varieties simultaneously resulting low output rate.
Major companies operating within Singapore Packaging Tray Market include Huhtamaki PPL Ltd, Solo Cup Company, WinCup LLC, Dart Container Corporation, Placon Corporation amongst others.
The outbreak covid - 19 pandemic had adversely affected operations manufacturing plants worldwide while subsequently impacting global supply chain distribution network this had also hampered development projects related with new technology within industry creating short term impediment industry growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Packaging Trays Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Packaging Trays Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Packaging Trays Market - Industry Life Cycle |
3.4 Singapore Packaging Trays Market - Porter's Five Forces |
3.5 Singapore Packaging Trays Market Revenues & Volume Share, By Material Types, 2020 & 2030F |
3.6 Singapore Packaging Trays Market Revenues & Volume Share, By Forms, 2020 & 2030F |
3.7 Singapore Packaging Trays Market Revenues & Volume Share, By End-users, 2020 & 2030F |
4 Singapore Packaging Trays Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Packaging Trays Market Trends |
6 Singapore Packaging Trays Market, By Types |
6.1 Singapore Packaging Trays Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Packaging Trays Market Revenues & Volume, By Material Types, 2020-2030F |
6.1.3 Singapore Packaging Trays Market Revenues & Volume, By PET, 2020-2030F |
6.1.4 Singapore Packaging Trays Market Revenues & Volume, By PVC, 2020-2030F |
6.1.5 Singapore Packaging Trays Market Revenues & Volume, By Polypropylene, 2020-2030F |
6.1.6 Singapore Packaging Trays Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Packaging Trays Market, By Forms |
6.2.1 Overview and Analysis |
6.2.2 Singapore Packaging Trays Market Revenues & Volume, By Flexible, 2020-2030F |
6.2.3 Singapore Packaging Trays Market Revenues & Volume, By Semi-Flexible, 2020-2030F |
6.3 Singapore Packaging Trays Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Singapore Packaging Trays Market Revenues & Volume, By Industrial , 2020-2030F |
6.3.3 Singapore Packaging Trays Market Revenues & Volume, By Food & Beverages, 2020-2030F |
6.3.4 Singapore Packaging Trays Market Revenues & Volume, By Retail, 2020-2030F |
6.3.5 Singapore Packaging Trays Market Revenues & Volume, By Cosmetic & Personal Care, 2020-2030F |
6.3.6 Singapore Packaging Trays Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Packaging Trays Market Import-Export Trade Statistics |
7.1 Singapore Packaging Trays Market Export to Major Countries |
7.2 Singapore Packaging Trays Market Imports from Major Countries |
8 Singapore Packaging Trays Market Key Performance Indicators |
9 Singapore Packaging Trays Market - Opportunity Assessment |
9.1 Singapore Packaging Trays Market Opportunity Assessment, By Material Types, 2020 & 2030F |
9.2 Singapore Packaging Trays Market Opportunity Assessment, By Forms, 2020 & 2030F |
9.3 Singapore Packaging Trays Market Opportunity Assessment, By End-users, 2020 & 2030F |
10 Singapore Packaging Trays Market - Competitive Landscape |
10.1 Singapore Packaging Trays Market Revenue Share, By Companies, 2023 |
10.2 Singapore Packaging Trays Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |