Overview and Scope
The foam trays are used to serve takeaway food from restaurants. The foam functions as a good thermal insulator, making the container simple to carry while also keeping the food at the temperature it was at when it was filled, whether hot or cold. Foam trays are mainly used in the food packaging industry to help prevent liquids from leaking into packaged food and beverages.
Sizing and Forecast
The foam trays market size has grown strongly in recent years. It will grow from $2.56 billion in 2024 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to food packaging demand, retail and supermarket chains, lightweight packaging, insulation and protection, cost-efficiency.
The foam trays market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to e-commerce and food delivery services, food safety and regulations, ready-to-eat meals and convenience foods, customization and branding, emerging markets and urbanization. Major trends in the forecast period include technological advancements, online food delivery and takeout, innovative material development, food safety and packaging regulations, alternative packaging solutions.
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Segmentation & Regional Insights
The foam trays market covered in this report is segmented –
1) By Material: Polyethylene, Polypropylene, Polyester, Polystyrene, Other Materials
2) By Coverage Type: Food Grade, Industrial Grade
3) By Application: Pharmaceuticals, Food and Beverages, Industrial, Other Applications
Top 5 Major Players:
- Sealed Air Corporation
- Pactiv LLC
- Anchor Packaging LLC
- Placon Corporation Inc
- D&W Fine Pack LLC
North America was the largest region in the foam trays market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foam trays market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing food safety issues are expected to propel the growth of the foam trays market going forward. Food safety refers to procedures for preparing, handling, and storing food that is designed to avoid foodborne sickness and injury. Foam trays foodservice packaging insulates better, keeps food fresher for longer, and is less expensive than other options. For instance, in June 2022, according to the UK Research and Innovation, a UK-based government department, in the UK, there are over 2.4 million instances of foodborne illnesses each year. Therefore, the increasing food safety issues drive the growth of the foam trays market.
Key Industry Players
Major companies operating in the foam trays market include Sealed Air Corporation, Pactiv LLC, Anchor Packaging LLC, Placon Corporation Inc., D&W Fine Pack LLC, Coveris Holdings SA, Genpak LLC, Groupe Guillin SA, Berry Global Inc., Ecopax LLC, Dart Container Corporation, Reynolds Group Holdings Limited, Sirap Group, Novipax Inc., CKF Inc., Falcon Pack Industry LLC, Huhtamaki Oyj, Sabert Corporation, Novolex Holdings Inc., Inline Plastics Corp., Sonoco Products Company, Fabri-Kal Corporation, WinCup Inc., Cascades Inc., New WinCup Holdings Inc., PinnPACK Packaging LLC, Dolco Packaging Crop., Fagerdala USA Inc., Foam Products Corporation, Premier Protective Packaging
The foam trays market report table of contents includes:
1. Executive Summary
2. Foam Trays Market Characteristics
3. Foam Trays Market Trends And Strategies
4. Foam Trays Market – Macro Economic Scenario
5. Global Foam Trays Market Size and Growth
…..
31. Global Foam Trays Market Competitive Benchmarking
32. Global Foam Trays Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Foam Trays Market
34. Foam Trays Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Foam Trays Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Foam Trays Market, Segmentation By Coverage Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Foam Trays Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Sealed Air Corporation Financial Performance
Table 75: Pactiv LLC Financial Performance
Table 76: Anchor Packaging LLC Financial Performance
Table 77: Placon Corporation Inc. Financial Performance
Table 78: D&W Fine Pack LLC Financial Performance
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