PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477287
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477287
Global Foam Trays Market, By Material, By Application (Pharmaceutical, Food Packaging (Meat and Poultry, Dairy Products, Food Service, Fruits and Vegetables, Bakeries), Industrial Packaging, and Others), By Geography
The foam trays market is estimated to be valued at USD 3.55 Bn in 2024 and is expected to reach USD 4.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 3.55 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 3.50% | 2031 Value Projection: | US$ 4.51 Bn |
The foam tray market has been growing steadily over the past few decades. Foam trays are lightweight and durable packaging solutions made from expanded polystyrene (EPS) or extruded polystyrene (XPS) that help protect a wide variety of products during transportation and storage. They provide cushioning and insulation to hot or cold products and are easy to stack and transport. Some key properties of foam trays include resistance to moisture, protection from punctures and leaks, printability for branding purposes, and recyclability. Various industries, such as food and beverages, personal care and cosmetics, industrial goods, and pharmaceuticals, rely heavily on foam trays to package their products efficiently. Advancements in design, material, and manufacturing have further enhanced the functionality of foam trays.
Market Dynamics:
The global foam tray market is driven by the growing demand from various end-use industries. Rapid urbanization, rising disposable incomes, and busy lifestyles have increased the demand for convenient pre-packaged food products, boosting the need for foam trays. Moreover, foam trays help industries reduce wastage and improve the shelf-life of perishable products, thereby supporting the market growth. However, stringent environmental regulations regarding the use of plastics and policies encouraging bio-degradable alternatives pose a threat to the market. On the positive side, the development of green packaging solutions using recycled content presents an opportunity for the sustainable growth of the market.
Key features of the study:
- This report provides an in-depth analysis of the global foam tray market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global foam tray market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Dart Container Corporation, Genpak LLC, Huhtamaki Oyj, Pactiv LLC, Sealed Air Corporation, Placon Corporation, Anchor Packaging Inc., Fagerdala USA Inc., Premier Protective Packaging, VFP Technologies Inc., CKF Inc., Ecopax LLC, Reynolds Packaging Group, Universal Foam Products, VFP Inc., New England Foam Products, Ultramotive Corporation, Ridout Plastics Co. Inc., Kamaksha Thermocol, and Gulf East Paper and Plastic Industries LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global foam tray market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global foam tray market
Market Segmentation
- By Material:
- Polyester
- Polyethylene
- Polystyrene
- Others (Polypropylene, etc.)
- By Application:
- Pharmaceutical
- Food Packaging
- Meat and Poultry
- Dairy Products
- Food Service (Clamshells)
- Fruits and Vegetables
- Bakeries
- Industrial Packaging
- Others (Food Chains, etc.)
- By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Dart Container Corporation
- Genpak LLC
- Huhtamaki Oyj
- Pactiv LLC
- Sealed Air Corporation
- Placon Corporation
- Anchor Packaging Inc.
- Fagerdala USA Inc.
- Premier Protective Packaging
- VFP Technologies Inc.
- CKF Inc.
- Ecopax LLC
- Reynolds Packaging Group
- Universal Foam Products
- VFP Inc.
- New England Foam Products
- Ultramotive Corporation
- Ridout Plastics Co. Inc.
- Kamaksha Thermocol
- Gulf East Paper and Plastic Industries LLC
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Foam Trays Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Foam Trays Market - COVID-19
- Impact Analysis
5. Global Foam Trays Market, By Material, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polyester
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Polyethylene
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Polystyrene
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others (Polypropylene, etc.)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Foam Trays Market, By Application, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmaceutical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Food Packaging
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
- Meat and Poultry
- Dairy Products
- Food Service (Clamshells)
- Fruits and Vegetables
- Bakeries
- Industrial Packaging
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others (Food Chains, etc.)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Foam Trays Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Sub-Regions/Countries
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Dart Container Corporation
- Company Overview
- Material Portfolio
- Recent Developments/Updates
- Genpak LLC
- Huhtamaki Oyj
- Pactiv LLC
- Sealed Air Corporation
- Placon Corporation
- Anchor Packaging Inc.
- Fagerdala USA Inc.
- Premier Protective Packaging
- VFP Technologies Inc.
- CKF Inc.
- Ecopax LLC
- Reynolds Packaging Group
- Universal Foam Products
- VFP Inc.
- New England Foam Products
- Ultramotive Corporation
- Ridout Plastics Co. Inc.
- Kamaksha Thermocol
- Gulf East Paper and Plastic Industries LLC
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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