[250 Pages Report] The global fiberglass trays demand is anticipated to increase at around 4.2% to 4.6% CAGR during the forecast period. Growth in the market is driven by rising adoption of fiberglass trays across various end use verticals such as foodservice, pharmaceuticals, and bakery & confectionery.
| Report Attribute | Details |
|---|---|
| Fiberglass Trays Market Projected Growth Rate (2022 to 2032) | 4.2% - 4.6% CAGR |
Fiberglass trays are highly durable and lightweight trays made of high-strength glass-reinforced composites. They find applications across various industries due to their attractive features.
In recent years fiberglass trays have become highly sought-after food serving solutions used across various sectors. They are an ideal option for high volume establishments like school dining halls, cafeterias, restaurants etc. where they are used for serving food products like salads, dishes, pasta desserts and several other food products.
Fiberglass trays offer various features such as lightweight, odor and stain resistance, cost effectiveness and durability which makes them ideal for usage across various industries. They have become ideal alternatives to metal trays and containers used in food and beverage industry.
Rising usage of fiberglass trays for material handling purposes in pharmaceutical, household, and food sectors will continue to provide a strong thrust to the growth of fiberglass trays market during the forecast period.
Fiberglass trays are available in various designs, shapes, and sizes in the market. End users can select any product as per their requirements. Besides this, fiberglass trays can also be personalized with an image or logo for branding purposes.
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Exponential growth of end-use industries due to population explosion and increasing consumer spending, growing awareness among people regarding the benefits of fiberglass trays, and innovations in fiberglass tray design and sizes are some of the major factors driving the growth in fiberglass trays market.
Fiberglas trays have become ideal solutions for material handling applications across various end use verticals such as foodservice, pharmaceuticals, and bakery & confectionery. They are preferred over other traditional trays on account of their functionality, lightweight, durability, and heat resistant nature.
The robust growth of foodservice industry due to rapidly growing world population and changing lifestyle is creating enormous demand for more convenient products like fiberglass trays and the trend is likely to continue in the future. These fiberglass trays are being used in cafeterias, restaurants, motels etc. for carrying or transporting food from the serving area to the dining area.
What really makes fiberglass trays suitable for serving food products, especially hot ones, is their ability to withstand higher temperatures. Today, majority of food serving companies are inclined towards using fiberglass trays as they offer better service, are more hygienic, and can be cleaned easily. Increasing adoption of fiberglass trays coupled with rapid expansion of foodservice industry will continue to push the sales of fiberglass trays during the assessment period.
Moreover, rising usage of fiberglass trays across households for serving food products and several other applications will further expand the size of fiberglass trays market during the forthcoming years.
In addition to this, easy availability of various fiberglass tray products at discount across online shopping platforms, supermarkets, convenience stores, specialty stores, etc. is positively impacting the market growth.
Despite rising popularity of fiberglass tries across food and pharmaceutical industries, there are various factors that are likely to challenge market growth in the forthcoming years. Some of these factors are the presence of low-cost alternatives and poor product penetration across some developing and underdeveloped regions.
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With rapid expansion of end-use industries, rapidly growing population, changing lifestyle, and increasing spending by people on food products, the Asia Pacific fiberglass trays market is projected to grow at a faster pace during the forecast period.
Demand for fiberglass trays is particularly high across fast growing countries like China and India due to their multiple applications in several industries such food & beverages, bakery, and pharmaceuticals. These fiberglass trays are being increasingly used for carrying things and serving food items.
According to Future Market Insights, Western Europe accounts for a significant share of the global fiberglass trays market and is forecast to grow at a notable CAGR over the forecast period, owing to the rapid expansion of bakery and confectionery industry, flourishing HoReCa sector, and presence of some leading market players.
Countries such as Germany, Poland, Belgium, U.K and Czech Republic are all generating high demand for fiberglass trays, as these regions are witnessing an uptick in foodservice and tourism.
Besides this, increasing adoption of fiberglass trays in pharmaceutical and confectionery industries for material handling purposes will further boost the market growth across Europe during the assessment period.
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Some of the key participants present in the global fiberglass trays market include Huhtamaki Group, Roltex NV, Carlisle FoodService Products, Molded Fiber Glass Trays Company, Keswick Trays, and Shawson Plastics among others.
These market players are continuously introducing new fiberglass trays with multiple designs, features, and capacities to woo more and more customers. Furthermore, they have adopted growth strategies such as partnerships, establishment of new manufacturing facilities, reduction in product prices, and move towards online sales channels to gain a competitive edge in the market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% - 4.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global fiberglass trays market to grow at around 4.2% to 4.6% CAGR over the forecast period.
As per FMI, Asia Pacific will continue to remain the most lucrative market for fiberglass trays during the assessment period from 2022 to 2032.
Huhtamaki Group, Roltex NV, Carlisle FoodService Products, and Molded Fiber Glass Trays Company are some prominent fiberglass trays manufacturers
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Material Suppliers
3.4.3. Manufacturers, Wholesalers and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
4. Global Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Design
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Design, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Design, 2022-2032
5.3.1. With Compartment
5.3.2. Without Compartment
5.4. Y-o-Y Growth Trend Analysis by Design, 2015-2021
5.5. Absolute $ Opportunity Analysis by Design, 2022-2032
6. Global Market Analysis 2015–2021 and Forecast 2022–2032, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by End Use, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by End Use, 2022-2032
6.3.1. Food & Beverage
6.3.2. Healthcare
6.3.3. Households
6.3.4. Other Consumer Goods
6.4. Y-o-Y Growth Trend Analysis by End Use, 2015-2021
6.5. Absolute $ Opportunity Analysis by End Use, 2022-2032
7. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Distribution Channel, 2015-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Distribution Channel, 2022-2032
7.3.1. Online
7.3.2. Offline
7.4. Y-o-Y Growth Trend Analysis by Distribution Channel, 2015-2021
7.5. Absolute $ Opportunity Analysis by Distribution Channel, 2022-2032
8. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Region
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis by Region, 2015-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast by Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis, by Region
9. North America Market Analysis 2015–2021 and Forecast 2022–2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Design
9.2.3. By End Use
9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Design
9.3.3. By End Use
9.3.4. By Distribution Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2015–2021 and Forecast 2022–2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Design
10.2.3. By End Use
10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Design
10.3.3. By End Use
10.3.4. By Distribution Channel
10.4. Key Takeaways
11. Europe Market Analysis 2015–2021 and Forecast 2022–2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Nordic
11.2.1.8. Russia
11.2.1.9. Poland
11.2.1.10. Rest of Europe
11.2.2. By Design
11.2.3. By End Use
11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Design
11.3.3. By End Use
11.3.4. By Distribution Channel
11.4. Key Takeaways
12. East Asia Market Analysis 2015–2021 and Forecast 2022–2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Design
12.2.3. By End Use
12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Design
12.3.3. By End Use
12.3.4. By Distribution Channel
12.4. Key Takeaways
13. South Asia Market Analysis 2015–2021 and Forecast 2022–2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Design
13.2.3. By End Use
13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Design
13.3.3. By End Use
13.3.4. By Distribution Channel
13.4. Key Takeaways
14. Oceania Market Analysis 2015–2021 and Forecast 2022–2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Design
14.2.3. By End Use
14.2.4. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Design
14.3.3. By End Use
14.3.4. By Distribution Channel
14.4. Key Takeaways
15. Middle East & Africa Market Analysis 2015–2021 and Forecast 2022–2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis by Market Taxonomy, 2015-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast by Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. Turkey
15.2.1.3. Northern Africa
15.2.1.4. South Africa
15.2.1.5. Rest of MEA
15.2.2. By Design
15.2.3. By End Use
15.2.4. By Distribution Channel
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Design
15.3.3. By End Use
15.3.4. By Distribution Channel
15.4. Key Takeaways
16. Country wise Market Analysis
16.1. United States (U.S.)
16.1.1. Market Share Analysis, 2022
16.1.2. By Design
16.1.3. By End Use
16.1.4. By Distribution Channel
16.2. Canada
16.2.1. Market Share Analysis, 2022
16.2.2. By Design
16.2.3. By End Use
16.2.4. By Distribution Channel
16.3. Brazil
16.3.1. Market Share Analysis, 2022
16.3.2. By Design
16.3.3. By End Use
16.3.4. By Distribution Channel
16.4. Mexico
16.4.1. Market Share Analysis, 2022
16.4.2. By Design
16.4.3. By End Use
16.4.4. By Distribution Channel
16.5. Germany
16.5.1. Market Share Analysis, 2022
16.5.2. By Design
16.5.3. By End Use
16.5.4. By Distribution Channel
16.6. Italy
16.6.1. Market Share Analysis, 2022
16.6.2. By Design
16.6.3. By End Use
16.6.4. By Distribution Channel
16.7. France
16.7.1. Market Share Analysis, 2022
16.7.2. By Design
16.7.3. By End Use
16.7.4. By Distribution Channel
16.8. Spain
16.8.1. Market Share Analysis, 2022
16.8.2. By Design
16.8.3. By End Use
16.8.4. By Distribution Channel
16.9. U.K.
16.9.1. Market Share Analysis, 2022
16.9.2. By Design
16.9.3. By End Use
16.9.4. By Distribution Channel
16.10. Russia
16.10.1. Market Share Analysis, 2022
16.10.2. By Design
16.10.3. By End Use
16.10.4. By Distribution Channel
16.11. China
16.11.1. Market Share Analysis, 2022
16.11.2. By Design
16.11.3. By End Use
16.11.4. By Distribution Channel
16.12. Japan
16.12.1. Market Share Analysis, 2022
16.12.2. By Design
16.12.3. By End Use
16.12.4. By Distribution Channel
16.13. India
16.13.1. Market Share Analysis, 2022
16.13.2. By Design
16.13.3. By End Use
16.13.4. By Distribution Channel
16.14. GCC Countries
16.14.1. Market Share Analysis, 2022
16.14.2. By Design
16.14.3. By End Use
16.14.4. By Distribution Channel
16.15. Australia
16.15.1. Market Share Analysis, 2022
16.15.2. By Design
16.15.3. By End Use
16.15.4. By Distribution Channel
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Region
17.3.2. By Product Portfolio
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Molded Fiber Glass Tray Company
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. VWR International, LLC.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. ERCON Composites
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. AOCOMM Composite Co., Ltd.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. INOXIBAR S.L.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Sunnex Products Limited
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. ARC INSULATIONS & INSULATORS (P) LTD.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. General Composites
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. EvaKool
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Enduro Composites
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments (Product/Channel/Region)
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. HIM SURAJ ELECTRO FIBER PVT. LTD
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments (Product/Channel/Region)
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. AERON COMPOSITE PVT. LTD.
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments (Product/Channel/Region)
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
19. Assumptions and Acronyms Used
20. Research Methodology
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Fibreglass Trays Market
