The Thermoformed Shallow Tray market is estimated to grow at a CAGR of 5.63% to reach a market size of US$1841.174 million in 2024 from US$ 1325.44 million in 2018. The developing food and refreshment industry alongside the rising consumption of packed food is required to drive the thermoforming packaging market. Besides, the expanding pharmaceutical industry combined with the developing interest for blister bundling for bringing and putting away meds through explicit plans and determinations is expected to drive the thermoforming shallow tray market.