One of the driving factors of industrial trays are ESD trays which are anti-static, such trays prevent electrical component, and semi-conductor parts from static electricity damage during storage and handling. Also, a noticeable factor is that the global tray packaging market is witnessing a double digit growth rate across the North America and Asia-Pacific market, these regions is further anticipated to remain dominant over the forecast period.
Dunnage industrial trays are in high demand due to distribution efficiency provided to O.E.M manufacturers which render smooth handling of WIP components. Such trays are manufactured using sustainable materials which ensure easy integration with the existing system line, thus reducing the cost and increasing efficiency. Industrial trays ensure the products are stored efficiently which minimum space usage, thus saving an immense logistic cost of O.E.M manufacturers.
Also, some of the global leading industrial trays manufacturers are focusing on research and development to manufacture automated self-locking trays which further ease the process of loading and unloading of product, eventually rendering easy tracking and movement of goods. Moreover, with increasing growth of food, pharmaceutical, and manufacturing industry the demand has subsequently surged across industrial trays packaging market.
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Global Industrial Trays market is segmented on the basis of technology type, application type, end use base and material type. On the basis of technology type, industrial trays is segmented into molded fiber technology and thermoform technology. On the basis of application type, industrial trays are segmented into cable trays, flexitrays, dunnage trays, punnet trays, assembly trays.