Global Foam Trays Market to Expand at Steady CAGR of 3.2% from 2009 to 2021 as Food Packaging Industry Flourishes

2024-11-07 06:37:21 News & Society

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Transparency Market Research has published a new research report about the global foam trays market. This research report, titled ?Foam Trays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2009 - 2021,? offers an extensive take on the global foam trays market. With the help of market measurement tools, the research report points out the important elements impacting the shape of this market in the coming few years.According to the research report, the global foam trays market was valued at US$2 bn in 2009 and is anticipated to reach US$3 bn by 2021, expanding at a CAGR of 3.2% from 2009 to 2021. Volume-wise, the global foam trays market stood at 31.7 bn units in 2009 and is expected to touch a figure of 52.8 bn units by 2021, registering a CAGR of 4.4% from 2009 to 2021.

According to the research report, the global foam trays market is segmented on the basis of type, application, and geography. The types of foam trays in the market are polyethylene, polypropylene, polyester, polystyrene, and others. The application of these trays is seen in the pharmaceutical industry, the food and packaging industry, the industrial packaging industry, and others. The food packaging industry uses foam trays for meat and poultry, dairy products, fruits and vegetables, food service, bakeries, and food chains. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World, which includes the Middle East, Africa, and Latin America.

Analysts predict that the polystyrene segment will grow tremendously in the forecast period due to an increasing demand for polystyrene (EPS) foam trays. The demand for these trays is expected to grow substantially as the food service industry and takeaway food services continue to rise in emerging economies of Indonesia, China, and India.

Needless to say, out of all the applications of foam trays, the food packaging segment was the largest contributor to the burgeoning revenue of the global foam trays market in 2014. This segment held a share of about 80% in the global foam trays market in 2014 in terms of both volume and revenue. This dominance is attributable to the growing applications of foam trays in the packing industry of various food items.

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Some of the Top Players profiled in the report are Pactiv, LLC, Anchor Packaging, Inc., Placon Corporation, Inc., LLC, Sirap Group, Sealed Air Corporation., Coveris Holding, S.A., D&W Fine Pack, Genpak LLC, Groupe Guillin SA, Ecopax, LLC, Dart Container Corporation, and Berry Plastics Group, Inc. The research report gives a complete analysis of the competitive landscape, along with explaining the impact of the regulatory framework. Furthermore, it also discusses the financial overview, research and development activities, investment outlook, business and marketing strategies, and strategic mergers and acquisitions of these top players.

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