Turkey Plastic Tray Market Outlook

The global plastic tray market in turkey is expected to experience an impressive compound annual growth rate (cagr) of 6.2% during the forecast period of 2018-2032. this market is being driven and sustained by the robust demand for trays in food packaging, medical and pharmaceutical packaging, industrial and material handling applications, and the growing import of such products due to the availability of a good number of producers. the key end-user of this market in turkey is the food packaging industry, which is anticipated to drive significant demand for plastic trays over the forecast period. this is owing to the increased usage of pet plastic trays for packaging vegetables, potatoes, frozen food, snacks, and seafood. moreover, the shift from conventional cardboard trays to lightweight plastic trays has encouraged the usage of plastic trays in food packaging. the medical and pharmaceutical packaging industry is estimated to be the second-leading end-user of plastic trays in turkey due to the increasing exports of medical and pharmaceutical products to the middle east and africa. the adoption of plastic trays has been increasing in the industrial and material handling applications on account of their advantages such as hygiene, durability, and lightweight. in addition, the growing demand for plastic trays for recycling, transportation savings, and improved product protection are expected to be the key factors in driving the plastic tray market in turkey over the forecast period. in terms of manufacturing, thermoforming is projected to be the leading process for plastic tray production, accounting for over 25% of the market in 2018. this process is widely used for manufacturing trays with different sizes, depths, and shapes to suit the various end-user needs. moreover, injection molding is also an important process for plastic tray production in turkey, which is expected to witness rapid growth in the near future. the major players dominating the plastic tray market in turkey are moplas s.l., alplas plastic packaging, linpac packaging, and trecek plastic products inc. these companies are leveraging their vast manufacturing capacity and advantageous geographic positions to cater to the growing demand for plastic trays across the region.