Plastic Tray Market Expected to Deliver Dynamic Progression until 2027 by Josephwalker · February 6 Anthony Johnson Tigers Jersey , 2019
The plastic tray market is projected to expand at a very slow phase with the global sales of plastic tray surpassing US$ 7,000 million by the end of 2018, according to the latest report by FactMR. Introduction of eco-friendly alternatives to the plastic trays such as fiber-based trays, bagasse or sugarcane trays, paper trays Terrnce Alexander Tigers Jersey , and plant-based plastics are emerging as a threat in the growth of the plastic tray market. However, manufacturers in the plastic tray market are focusing on developing reusable and recyclable plastic trays.
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Moreover, the rise in human health concerns due to use of plastic is also leading to the development of new products, for instance, companies have started offering BPA-free plastic products Shaquille O'Neal Tigers Jersey , including plastic trays, bottles, containers, and other products. Companies are also investing in the research and development of plastic trays that are safe to use across industries including food and beverages, personal care Ben Simmons Tigers Jersey , pharmaceuticals, and consumer electronics.
Polyethylene Terephthalate (PET) to Find Largest Application in Plastic Tray Production
Polyethylene Terephthalate (PET) is expected to be one of the largest used materials in the production of plastic trays. PET is projected to expand at a significant rate during the forecast period 2018-2027. By the end of 2018, Polyethylene Terephthalate is expected to bring in more than US$ 2,000 million in terms of revenue, as per the report on plastic tray market by FactMR.
High-recyclability property of PET material is leading to the growing popularity in the plastic tray market. Companies in the plastic tray market are using a recycled PET to produce plastic trays as it is lightweight Joe Burrow Tigers Jersey , shatterproof, cost-effective, and saves energy. The packaging industry across the world is using PET material on a large scale. For instance, Europe is witnessing the significant growth of PET trays in the packaging industry in the region.
Recycling of PET trays and bottles is also significantly growing with new technologies and equipment to ensure proper recycling of PET plastic trays. Also, according to Recoup Derrius Guice Tigers Jersey , a plastic organization in the UK, nearly 70,000 tons of PET plastic trays are collected in the UK every year.
Food and Beverages Industry to Rule the Plastic Tray Market
Plastic trays are largely used across the food and beverages industry. The demand for plastic tray in the food and beverages industry is expected to grow significantly throughout the forecast period 2018-2027. Rising demand for ready-to-eat and the ready-to-cook food is driving the use of plastic trays.
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However, health concerns regarding the consumption of food in plastic are also rising. Hence, the Food and Drug Association (FDA) has introduced regulations regarding the materials used to make plastic trays and other packaging used in the food and beverages industry.
Manufacturers in the plastic tray market are developing thermoformed plastic trays for food packaging. These plastic trays are being designed with easy to open and close lids Leonard Fournette Tigers Jersey , especially for packaging foods such as baked goods, salads, wraps, and sandwiches.
Europe is likely to emerge as one of the most dominating regions in the plastic tray market, as per the report by FactMR. Europe has already introduced regulations and guidelines with the aim to boost the recycling of PET plastic trays.
Meanwhile Morris Claiborne Tigers Jersey , the European Commission has also introduced new rules to ban single-use plastic products from the market. This is likely to hamper the plastic tray market growth in the region. However, manufacturers in the plastic tray market in Europe are focusing on developing reusable and recyclable plastic tray products.
Flexible plastic trays in the plastic tray market are expected to witness the highest sales during the forecast period. Reusability, lightweight, enhanced protection, shipping friendly Zach Mettenberger Tigers Jersey , longer shelf life, are some of the benefits offered by flexible plastic trays. Hence, the adoption of flexible plastic trays is increasing across various industries.
The overall outlook for the plastic tray market is likely to remain sluggish, with the plastic tray market expected to reach CAGR of 3.6% in terms of revenue during 2018-2027.聽 聽 Ophthalmic Lasers Market Opportunity will Rise toUS$1.44 bn by 2024
by pragya1 · October 5, 2018
Global Ophthalmic Lasers Market: Overview
One of the key factors responsible for driving the growth of the global ophthalmic lasers market is the increasing number of patients suffering from numerous eye diseases across the world. There are study reports that show the rate of occurring partial or full blindness has considerably increased over the period and could still double to its current volume by 2020. This growth is mainly down to the diseases such as cataract Odell Beckham Jr Tigers Jersey , glaucoma, and diabetes. The increasing awareness about the benefits of timely diagnosis and productive medical care such as laser operation could avoid occurrence of these conditions is also helping to drive the growth of the global ophthalmic lasers market. Moreover, increasing awareness among people about the effectiveness of the treatment methods that are available is also projected to fuel the market growth in coming years.
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