Thermoformed Shallow Trays Market: Reporting And Evaluation Of Recent Industry Developments 2016 - 2024
The competitive landscape of the global market for thermoformed shallow trays features a highly fragmented competitive landscape, with the leading five vendors collectively holding only about 15% of the overall revenue of the market in 2016, observes Transparency Market Research (TMR) in a recent report. These top vendors, including Pactiv LLC, Anchor Packaging, Inc., and Huhtamaki Oyj operate amid intense competition from a large number of regional, domestic, and international players in key regional markets. To ensure sustainable returns, companies need to focus on forging long-term partnerships and expand product portfolios to match the extensive and varying needs from customers. An instance of adoption of the long-term strategy is the company Pactiv LLC. The company gathers around 70% of its revenue from top 12 consumers to whom the company supplies on agreements of around 2-3 years. In December 2016, the company invested around US$14 mn towards the expansion of its ...