Thermoformed Tray Industry Set for Robust Growth: Key Trends and Future Outlook
The global thermoformed tray industry is set to grow steadily from USD 5.5 billion in 2024 to an anticipated USD 7.6 billion by 2034 , with a CAGR of 3.4% during the forecast period. This growth is driven by increasing demand across various industries, including food packaging, pharmaceuticals, and consumer goods, as well as the rising preference for lightweight, cost-effective, and sustainable packaging solutions.
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