PUBLISHER: KBV Research | PRODUCT CODE: 1534594
PUBLISHER: KBV Research | PRODUCT CODE: 1534594
North America Rigid Trays Packaging Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Pharmaceutical, and Others), By Material (Plastic, Paperboard, Metal, and Glass), By Country and Growth Forecast, 2024 - 2031
The North America Rigid Trays Packaging Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Rigid Trays Packaging Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $26,601.5 Million by 2031. The Canada market is experiencing a CAGR of 7.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.4% during (2024 - 2031).
This market represents a dynamic and essential segment within the broader packaging industry, playing a pivotal role in protecting, preserving, and presenting various products across multiple sectors. This market has been experiencing significant growth driven by many factors, ranging from the expansion of retail chains and supermarkets to advancements in packaging technology and the rising demand for convenience foods. As consumer lifestyles evolve and industrial practices advance, reliable and efficient packaging solutions like rigid trays become increasingly critical.
Rigid trays are defined by their endurance and structural integrity, which makes them excellent for safeguarding products from harm while they are being transported, handled, and stored compared to other types of trays. Unlike flexible packaging, which can be prone to punctures and tears, rigid trays offer a robust barrier against physical impacts, ensuring the contents remain intact and in optimal condition. This feature is particularly vital in sectors such as food and beverage, pharmaceuticals, and electronics, where the safety and quality of the product are paramount.
In Mexico, the increasing urbanization and rising disposable incomes are key factors driving the demand for rigid tray packaging. The World Bank data indicates that Mexico's urban population grew to 82% in 2023. This urban expansion is concurrent with an increase in disposable incomes, which results in an increase in the consumption of packaged products. Economic factors also play a role, with the World Bank noting that Mexico's GDP per capita has been steadily increasing, reaching $13,926 in 2023. The expanding middle class increasingly purchases convenience foods and packaged beverages, which require durable packaging solutions like rigid trays. Additionally, the growth of the pharmaceutical sector, driven by increased healthcare spending, boosts the demand for rigid trays used in packaging medical supplies and pharmaceuticals. Together, these elements shape the region's dynamic and growing market landscape for rigid trays packaging.
Based on Application, the market is segmented into Food & Beverage, Pharmaceutical, and Others. Based on Material, the market is segmented into Plastic, Paperboard, Metal, and Glass. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Placon Corporation
- Tekni-Plex Inc.
- Berry Global Group
- Sonoco Products Company
- Amcor Plc
- DS Smith Plc
- Genpak, LLC (Great Pacific Enterprises, Inc.)
- Dart Container Corporation
- Anchor Packaging LLC
- Winpak Ltd. (Wihuri International Oy)
North America Rigid Trays Packaging Market Report Segmentation
By Application
- Food & Beverage
- Pharmaceutical
- Others
By Material
- Plastic
- Paperboard
- Metal
- Glass
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Rigid Trays Packaging Market, by Application
- 1.4.2 North America Rigid Trays Packaging Market, by Material
- 1.4.3 North America Rigid Trays Packaging Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Rigid Trays Packaging Market, by Application
- 4.1 North America Food & Beverage Market, by Country
- 4.2 North America Pharmaceutical Market, by Country
- 4.3 North America Others Market, by Country
Chapter 5. North America Rigid Trays Packaging Market, by Material
- 5.1 North America Plastic Market, by Country
- 5.2 North America Paperboard Market, by Country
- 5.3 North America Metal Market, by Country
- 5.4 North America Glass Market, by Country
Chapter 6. North America Rigid Trays Packaging Market, by Country
- 6.1 US Rigid Trays Packaging Market
- 6.1.1 US Rigid Trays Packaging Market, by Application
- 6.1.2 US Rigid Trays Packaging Market, by Material
- 6.2 Canada Rigid Trays Packaging Market
- 6.2.1 Canada Rigid Trays Packaging Market, by Application
- 6.2.2 Canada Rigid Trays Packaging Market, by Material
- 6.3 Mexico Rigid Trays Packaging Market
- 6.3.1 Mexico Rigid Trays Packaging Market, by Application
- 6.3.2 Mexico Rigid Trays Packaging Market, by Material
- 6.4 Rest of North America Rigid Trays Packaging Market
- 6.4.1 Rest of North America Rigid Trays Packaging Market, by Application
- 6.4.2 Rest of North America Rigid Trays Packaging Market, by Material
Chapter 7. Company Profiles
- 7.1 Placon Corporation
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Tekni-Plex Inc.
- 7.2.1 Company Overview
- 7.2.2 Recent strategies and developments:
- 7.2.2.1 Product Launches and Product Expansions:
- 7.2.3 SWOT Analysis
- 7.3 Berry Global Group, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Sonoco Products Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Amcor Plc
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 DS Smith Plc.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 Genpak, LLC (Great Pacific Enterprises, Inc.)
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Dart Container Corporation
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Anchor Packaging LLC
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Winpak Ltd. (Wihuri International Oy)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 2 North America Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 3 North America Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 4 North America Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 5 North America Food & Beverage Market, by Country, 2020 - 2023, USD Million
- TABLE 6 North America Food & Beverage Market, by Country, 2024 - 2031, USD Million
- TABLE 7 North America Pharmaceutical Market, by Country, 2020 - 2023, USD Million
- TABLE 8 North America Pharmaceutical Market, by Country, 2024 - 2031, USD Million
- TABLE 9 North America Others Market, by Country, 2020 - 2023, USD Million
- TABLE 10 North America Others Market, by Country, 2024 - 2031, USD Million
- TABLE 11 North America Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 12 North America Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 13 North America Plastic Market, by Country, 2020 - 2023, USD Million
- TABLE 14 North America Plastic Market, by Country, 2024 - 2031, USD Million
- TABLE 15 North America Paperboard Market, by Country, 2020 - 2023, USD Million
- TABLE 16 North America Paperboard Market, by Country, 2024 - 2031, USD Million
- TABLE 17 North America Metal Market, by Country, 2020 - 2023, USD Million
- TABLE 18 North America Metal Market, by Country, 2024 - 2031, USD Million
- TABLE 19 North America Glass Market, by Country, 2020 - 2023, USD Million
- TABLE 20 North America Glass Market, by Country, 2024 - 2031, USD Million
- TABLE 21 North America Rigid Trays Packaging Market, by Country, 2020 - 2023, USD Million
- TABLE 22 North America Rigid Trays Packaging Market, by Country, 2024 - 2031, USD Million
- TABLE 23 US Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 24 US Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 25 US Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 26 US Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 27 US Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 28 US Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 29 Canada Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 30 Canada Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 31 Canada Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 32 Canada Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 33 Canada Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 34 Canada Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 35 Mexico Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 36 Mexico Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 37 Mexico Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 38 Mexico Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 39 Mexico Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 40 Mexico Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 41 Rest of North America Rigid Trays Packaging Market, 2020 - 2023, USD Million
- TABLE 42 Rest of North America Rigid Trays Packaging Market, 2024 - 2031, USD Million
- TABLE 43 Rest of North America Rigid Trays Packaging Market, by Application, 2020 - 2023, USD Million
- TABLE 44 Rest of North America Rigid Trays Packaging Market, by Application, 2024 - 2031, USD Million
- TABLE 45 Rest of North America Rigid Trays Packaging Market, by Material, 2020 - 2023, USD Million
- TABLE 46 Rest of North America Rigid Trays Packaging Market, by Material, 2024 - 2031, USD Million
- TABLE 47 Key Information - Placon Corporation
- TABLE 48 Key Information - Tekni-Plex Inc.
- TABLE 49 Key Information - Berry Global Group, Inc.
- TABLE 50 Key Information - Sonoco Products Company
- TABLE 51 Key Information - Amcor Plc
- TABLE 52 Key Information - DS Smith Plc
- TABLE 53 Key Information -Genpak, LLC
- TABLE 54 Key Information - Dart Container Corporation
- TABLE 55 Key Information - Anchor Packaging LLC
- TABLE 56 Key Information - Winpak Ltd.
