Global Drink Carrier and Trays Market - An Overview
In recent years, there has been an increasing demand for food service industry across the globe. Drink carrier and trays are one of the most important packaging segment for beverage manufacturers. Due to constraints related to environment friendly packaging, nowadays manufacturers are producing drink carrier and trays made from biodegradable plastic and paper. In addition, consumers are preferring single served beverages which is a major driver for creating growth opportunities for drink carrier and trays market. Furthermore, drink carrier and trays are used by packaging manufacturers for augmenting there brand name and hence creating impact on consumer’s mind. Nowadays, drink carrier and trays have seen a rise in demand for carrying alcoholic beverages and this trend is expected to grow significantly during the forecast period.
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Global Drink Carrier and Trays Market - Dynamics
Changing lifestyle of consumers with increasing per capita income is expected to drive the growth for the global drink carrier and trays market. In addition, there has been an increase in the number of quick service restaurants across the globe which has resulted in the growth of drink carrier and trays needed for food delivery. Convenience due to light weight of drink carrier and trays are gradually helping the market to witness growth during the forecast period 2018 - 2028. Furthermore, drink carrier and trays are cost effective, increase the aesthetic looks of the beverage and easy to carry which helps in the growth of drink carrier and trays market.
Global Drink Carrier and Trays Market - Segmentation
The global drink carrier and trays market is segmented by material type, carrier size, packaging type, and end use.
On the basis of material type, the global drink carrier and trays market is segmented into:
Paper
SUB (solid unbleached board)
FBB (folding boxboard)
WLC (white line chipboard)
Molded Fiber Pulp
Plastic
Low Density Polyethylene (LDPE)
Linear Low Density Polyethylene (LLDPE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Metal
Wood
On the basis of carrier size, the global drink carrier and trays market is segmented into:
Single pack carrier
2 pack – 4 pack carrier
More than 4 pack carrier
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On the basis of packaging type, the global drink carrier and trays market is segmented into:
Rigid drink carrier and trays
Semi – Rigid drink carrier and trays
On the basis of end use, the global drink carrier and trays market is segmented into:
Beverages
Dairy Products
Soft Drinks & Carbonated Drinks
Fruit Juices
Hot Beverages
Tea
Coffee
Alcoholic Beverages
Energy Drinks
Drinking Water
Others
Food Service
Coffee & Eateries Shop
Food Delivery Outlets
Quick Service Outlets
Drink carrier and trays are mainly used for holding / carrying of hot & cold beverages.
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Global Drink Carrier and Trays Market – Regional Overview
The market for drink carrier and trays in North America and Europe region is anticipated to lead the global market owing to widespread trend for food service and on the go beverages in these region during the forecast period. Asia Pacific drink carrier and trays markets is expected to witness the highest growth due to increase in per capita income for the emerging economies in these region. Furthermore, countries like China and India have seen change in urban lifestyle which have resulted in a tremendous growth for drink carrier and trays market. The Middle East & Africa drink carrier and trays market is projected to witness sluggish growth during the forecast period.
Global Drink Carrier and Trays Market – Key Players
Some of the key players operating in the drink carrier and trays market are Smurfit Kappa Group plc, Stora Enso Oyj; Georgia-Pacific LLC; Huhtamaki Oyj; Graphic Packaging International, LLC; WestRock Company; RTS Packaging, LLC; DS Smith Plc; Keystone Paper & Box Company, Inc.; Grip-Pak, Nupak Printing LLC, and Menasha Packaging Co., LLC.
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