The global thermoformed shallow trays market is on track for steady growth, driven by increasing demand for sustainable packaging solutions and expanding applications across industries such as food, pharmaceuticals, and e-commerce. According to market analysis, the global thermoformed shallow trays market was valued at US$ 5,676.3 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2034, reaching a market value of US$ 8,856.7 million by 2034.

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Analysts’ Viewpoint on Market Trends

The thermoformed shallow trays market is experiencing a shift toward sustainable packaging, with manufacturers investing in eco-friendly materials such as biodegradable and bio-based plastics. Additionally, the expansion of the food delivery and healthcare sectors is driving demand for secure, durable, and customizable packaging solutions.

Market Drivers

1. Increasing Demand from the Food Industry

The rapid growth of the packaged and ready-to-eat food market, driven by online food delivery trends, is a major driver for thermoformed shallow trays. These trays are lightweight, durable, and transparent, providing secure packaging while showcasing the contents—a key factor influencing consumer purchasing decisions.

• The rise in takeaway and meal-kit services has heightened demand for single-serve, tamper-evident packaging.
• Transparent trays allow consumers to assess product freshness, boosting trust and brand loyalty.

2. Growth in Healthcare and Pharmaceutical Sectors

The healthcare and pharmaceutical industries rely on thermoformed shallow trays for packaging sensitive medical devices, diagnostic kits, and pharmaceutical components. Their durability, tamper-evident features, and customization options make them essential for maintaining product integrity.

• The aging population and increased healthcare spending are driving demand for advanced medical packaging solutions.
• Innovations in thermoforming technology, such as superior barrier properties, are enhancing the trays’ suitability for healthcare applications.

3. Expansion of the E-commerce Market

The surge in online shopping, especially for electronics, cosmetics, and small consumer goods, has boosted demand for secure and protective packaging solutions. Thermoformed shallow trays, with their customizable designs and shock-resistant properties, are ideal for safeguarding products during transit.

Market Challenges

1. Competition from Alternative Materials

Sustainability regulations are encouraging manufacturers to explore alternatives such as molded fiber and paperboard trays. This shift, driven by bans on certain plastics, could hinder the growth of plastic-based thermoformed shallow trays.

2. Sustainability and Recycling Concerns

Despite their benefits, traditional thermoformed trays face criticism for their environmental impact. Manufacturers are responding by adopting bio-based plastics and investing in recyclable infrastructure to align with circular economy goals.

Key Market Trends

1. Rising Preference for Transparent Packaging

Consumers increasingly favor transparent trays that showcase product freshness, especially in the food and electronics sectors. Transparent packaging also enhances shelf appeal, differentiating brands and fostering repeat purchases.

• Example: Amcor plc offers high-clarity thermoformed trays designed to maintain product integrity and attract consumers through visually appealing displays.

2. Adoption of Multifunctional Designs

Manufacturers are incorporating modular configurations and built-in compartments into thermoformed trays, catering to industries requiring portion control, such as food and healthcare. These multifunctional designs reduce the need for additional packaging, enhancing sustainability.

3. Growing Demand for Customization and Product Differentiation

Industries such as personal care, cosmetics, and food are driving demand for customized thermoformed trays with unique shapes, colors, and designs. Customized packaging not only boosts aesthetic appeal but also reinforces brand identity.

Regional Outlook

North America:

• Holds the largest market share, accounting for approximately 22.2% of the global market in 2024.
• Strong demand from the food processing and healthcare industries is a key growth driver.

South Asia & Pacific:

• The fastest-growing region, with a projected CAGR of 5.5% from 2024 to 2034.
• Growth is driven by the expanding e-commerce market and increasing demand for packaged food.

East Asia:

• Expected to reach a market value of US$ 1,866.3 million by 2034, up from US$ 1,191.4 million in 2024.
• The region benefits from strong electronics manufacturing hubs in China and Japan, which drive demand for protective packaging solutions.

Competitive Landscape

The global thermoformed shallow trays market is highly competitive, with major players focusing on sustainability, customization, and technological advancements to gain market share. Leading players hold approximately 10–15% of the global market share.

Key Players Include:

• Amcor Plc – Focused on sustainable and transparent packaging solutions.
• Berry Global Group Inc. – Offers a wide range of recyclable and customizable thermoformed trays.
• Winpak Ltd. – Known for high-performance food packaging solutions.
• Sealed Air Corporation – Specializes in protective packaging with tamper-evident features.
• Sonoco Products Company – Offers innovative thermoformed solutions for healthcare and food industries.

Market Opportunities

1. Advancements in Sustainable Materials

The adoption of bio-based and biodegradable plastics, coupled with advancements in recycling technologies, offers opportunities for market growth while aligning with sustainability trends.

2. Technological Innovations in Thermoforming

Investments in advanced thermoforming machinery are enabling manufacturers to produce trays with superior barrier properties and customizable designs, catering to diverse end-use industries.

3. Growing Demand for Secure and Tamper-Proof Packaging

The rise of meal kits and ready-to-eat meals, along with increasing concerns about counterfeiting in the pharmaceutical industry, is driving demand for tamper-evident packaging solutions.

Conclusion

The thermoformed shallow trays market is poised for steady growth, driven by demand for sustainable, customizable, and secure packaging solutions across diverse industries. Manufacturers that prioritize innovation, sustainability, and customer-centric designs are well-positioned to capitalize on emerging opportunities. As the market evolves, investments in bio-based materials and advanced thermoforming technologies will be critical for maintaining competitiveness and meeting the growing demand for eco-friendly packaging solutions.