Fibreglass Trays Market Growth with Worldwide Industry Analysis to 2028

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Fibreglass Trays Market

Fiberglass trays are made of a high-strength glass-reinforced composite and offers an excellent presentation and storage for food, bakery and confectionery, and other products. Fiberglass trays are great for serving salads, pasta desserts, and other food products. Fiberglasses are stain & odor resistant, thick construction with embedded, metal reinforced rods, and its air-flow corners ensure fast drying times. Fiberglass trays are highly useful and cost-effective alternatives to metal trays and containers. Thus, it is widely used in end-use industries such as food service, bakery, and confectionery, pharmaceuticals, medical and others. Fiberglass trays are available in various sizes and shapes and can be personalized with an image or logo for branding purposes. Thus, the global fiberglass trays market is expected to register a notable growth rate during the forecast period.

Fibreglass Trays Market: Dynamics: High growth rate of the foodservice industry created a significant demand for convenience products. The global fiberglass trays market is likely to expand on the backdrop of the foodservice industry. The exceptional characteristics of fiberglass trays market such as easy to store, easy clean-up after, convenient and economical nature is likely to drive the growth of global fiberglass trays market during the forecast period. However, the food serves in fiberglass trays remain safe and consistent without any change in taste. This factor is likely to escalate the growth of the global fiberglass trays market during the forecast period. Also, it’s increasing use in end-use industries such as bakery & confectionery, pharmaceuticals, medical, household and others are expected to propel the growth of global fiberglass trays market during the forecast period. Overall, the global outlook for the fiberglass trays market is expected to remain positive during the forecast period.

Fibreglass Trays Market: Segmentation: On the basis of sales channel, the fibreglass trays market is segmented into: Manufacturers (Direct Sales), Distributors, Retailers- Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs, E-retail; On the basis of end use, the fibreglass trays market is segmented into: Foodservice, Bakery & Confectionery, Pharmaceuticals, Medical, Household, Others

Fibreglass Trays Market: Regional Outlook: Asia Pacific excluding Japan (APEJ) region is expected to witness massive demand of fiberglass trays market during the forecast period attributing factors such as rapid expansion of end-user industries such as food service, bakery & confectionery, and others. China is expected to be at the forefront in terms of market share while India is likely to outpace other countries regarding the growth rate of fiberglass trays market during the forecast period. Western Europe is a significant shareholder of global fiberglass trays market and projected to expand with notable CAGR during the forecast period. Germany is expected to be highly attractive in terms of market share and the growth rate of the fiberglass trays market during the forecast period. Japan is probable to witness the sluggish growth of the fiberglass trays market during the forecast period. Health growth of end-user industries in the North America region is likely to offer growth opportunities for fiberglass trays market during the forecast period. Emerging economies in Latin America and Middle East & Africa (MEA) are expected to present high growth opportunities for fiberglass trays market during the forecast period due to the continuous expansion of end-use industries. Russia is expected to dominate the Western Europe fiberglass trays market during the forecast period.

Fibreglass Trays Market: Key Players: Examples of some of the key players operating in the global fibreglass trays market are: Huhtamaki Group, Molded Fiber Glass Trays Company, Carlisle FoodService Products, Roltex NV, Keswick Trays, Shawson Plastics

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