Foam Trays - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Foam Trays Market is accounted for $2.64 billion in 2019 and is expected to reach $4.12 billion by 2027 growing at a CAGR of 5.7% during the forecast period. Some of the key factors propelling the market growth include rise in demand for cost effective foam trays, increase in concerns regarding food safety, and rising trend of take-away systems in restaurants and busy lifestyles. However, non-biodegradable nature of foam is restraining the foam trays market. On the other hand, the increasing demand for small-sized and single-serving packs is likely to showcase growth opportunities for the Foam trays market during the forecast period.
Foam trays are primarily used in food packaging applications. They help prevent liquids from leaking in packaged food and beverages. Foam trays are ideal for usage for fruits, vegetables, meat, and poultry. These trays are usually made from polystyrene, which is highly compact foam. Foam trays are available in various shape and sizes. These trays are also employed in various other applications such as food service, meat packaging, test tube holders, and small tools packaging. Foam trays protect the food from chemical, biological, and physical hazards.
By application, food packaging was the largest contributor in global foam trays market, due to wide application of foam trays in different packaging industry and increase in demand for disposable trays in food services and take-away restaurants. Foam trays are primarily used for food packaging. The low cost and requirement-based customization of foam trays have increased their application in the food packaging sector. Also, the expansion of multi-national food chains into the emerging markets is also raising the demand for foam trays. Considering these factors, food packaging is anticipated to remain the significant segment in foam trays market during the forecast period.
On the basis of geography, North America is anticipated to witness the significant market growth during the forecast period, due to development in industrialization in this region and growth in food and pharmaceuticals industries. Moreover, U.S is leading in terms of consumption as trend of packed food amongst the population owing to the busy life schedule is fuelling the global foam trays market.
Some of the key players in foam trays market include Cascades Inc, Groupe Guillin SA, Sealed Air Corporation, Pactiv LLC, Anchor Packaging Inc., Sirap Group, DuPont, Novipax, Reynolds Group Holdings, Tekni-Plex, Dart Container Corporation, Placon Corporation Inc., D&W Fine Pack LLC, Coveris Holdings S.A., Genpak LLC, Berry Plastics Group, Inc., and Ecopax, LLC.
• Other Materials
• Food Packaging
• Industrial Packaging
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.