Foam Trays Market – Overview, Industry Growth, Size & Forecast

The global foam trays market is expected to grow at a steady rate during the forecast period. Foam trays are majorly used in food packaging applications. They prevent leakage in packaged food and beverages. They are available in different shapes and sizes. These trays are used in widespread applications such as food service, meat packaging, test tube holders, and small tools packaging.

The Important Factors of the Foam Trays Market 

Low cost and increasing demand for expanded polystyrene (EPS) foam trays are the major driving factors for the global foam trays market. Additionally, properties such as lightweight, ease of handling, durability, flexibility, and shock resistance are driving the demand for foam trays across the globe. Moreover, the cost of labor involved in the production of foam trays is quite low, thereby further fueling the growth of the market.

The global foam trays market is segmented based on material type, application, region, and company. Based on material type, the market can be segmented into Polyethylene, Polypropylene, Polyester, Polystyrene, and Others. The Polystyrene segment is expected to register the highest CAGR during the forecast period on account of its cost-effectiveness, recyclability, shatter & moisture resistance, and lightweight, among others. The polyethylene segment is also anticipated to witness growth during the forecast period attributable to their moisture resistance and lightweight. Based on application, the market can be categorized into Pharmaceuticals, Food Packaging, Industrial Packaging, and Others. The food packaging segment dominates the market owing to the growing concerns related to food safety, low cost, and customization of foam trays based on the requirement.

Regionally, the foam trays market is gaining traction and expanding to various regions including Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Among these regions, the North American region dominates the overall foam trays market owing to the high demand for packaged food and home-delivered food in the region. Europe is the second largest market for foam trays.

The major players operating in the foam trays market

1. Tekni-Plex Inc.
2. Sirap Gema SpA
3. Anchor Packaging Inc.
4. Berry Global Inc.
5. Reynolds Group Holdings Limited
6. Sealed Air Corporation
7. D & W Fine Pack LLC
8. Coveris Inc.
9. Genpak, LLC
10. Dart Container Corporation and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in May 2018, Tekni-Plex acquired Commodore Plastics and Commodore Technology under a newly formed subsidiary, Dolco LLC. Commodore Plastics offers a wide range of traditional and custom polystyrene (PS) foam trays, which include padded food processors and industrial trays. Commodore Plastics is expected to be a part of Delco Packaging, which is the largest producer of foam egg carton trays.

The Objective of the Study:

• To analyze and forecast the market size of the global foam trays market.
• To classify and forecast the global foam trays market based on material type, application, company, and regional distribution.
• To identify drivers and challenges for the global foam trays market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global foam trays market.
• To conduct pricing analysis for the global foam trays market.
• To identify and analyze the profile of leading players operating in the global foam trays market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.

TechSci Research calculated the market size of the global foam trays market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

• Foam trays manufacturers and suppliers
• Market research and consulting firms
• Government bodies such as regulating authorities and policymakers
• Organizations, forums, and alliances related to foam trays

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them to strategize investments and capitalize on market opportunities.

Report Scope:

In this report, the global foam trays market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Market, By Material Type:
  • Polyethylene
  • Polypropylene
  • Polyester
  • Polystyrene
  • Others
• Market, By Application:

o   Pharmaceuticals

o   Food Packaging

o   Industrial Packaging

o   Others

• Market, By Region:
  • North America
    • United States
    • Mexico
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Egypt
  • South America
    • Brazil
    • Colombia
    • Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global foam trays market.

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Table of Content

 Product Overview

2. Research Methodology
3. Impact of COVID-19 on the Global Foam Trays Market
4. Executive Summary
5. Voice of Customer

5.1.  Factors to be considered for product selection

5.2.  Factors influencing purchase decision

5.3.  Challenges/issues faced post-purchase

5.4.  Unmet needs

6. Global Foam Trays Market Outlook

6.1.  Market Size and Forecast

6.1.1.   By Value

6.1.2.   By Volume

6.2.  Market Share and Forecast

6.2.1.   By Material Type (Polyethylene, Polypropylene, Polyester, Polystyrene, Others)

6.2.2.   By Application (Pharmaceuticals, Food Packaging, Industrial Packaging, Others)

6.2.3.   By Company

6.2.4.   By Region

6.3.    Market Attractive Index