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Foam Trays Market to Benefit from Expanding Operations of Fast Service Restaurants

Posted on Dec 23, 2015

According to a recent market study released by Transparency Market Research, the global foam trays market will expand at a CAGR of 3.20% from 2009 to 2021. As such, the valuation of the market will increase from US$2 bn in 2009 to US$3 bn by 2021. By volume, the global foam trays market will expand at a CAGR of 4.40% from 2009 to 2021, which will result in the market’s total volume amounting to 52.8 bn units by 2021, increasing from 31.7 bn units in 2009.The report, titled “Foam Trays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2009 - 2021”, is available for sale on the company website.

Browse the full Foam Trays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2009 – 2021 report at
https://www.transparencymarketresearch.com/global-foam-trays-market.html

The report states that cost advantages of foam trays, combined with the rising demand for expanded polystyrene foam trays are the primary factors driving the foam trays market. In addition, light weight, durability, ease of handling, ability to absorb shocks, and flexibility are some of the virtues of foam trays that are favoring the global market. Low labor cost in the manufacture of these trays is also benefitting the global foam trays market, since it increases the profit margins of manufacturers.

The report divides the global foam trays market on the basis of type, application, and geography. By type, polyethylene, polyesters, polypropylene, polystyrene, and others are the segments of the foam trays market. Rising demand for expanded polystyrene (EPS) type foam trays is bolstering the polystyrene segment by both revenue and volume.With increasing penetration of food service restaurants and fast food joints in countries such as Indonesia, China, and India, among others, the utilization of EPS foam trays is on the rise and will accelerate the growth of the global foam trays market in the forecast period.  

global-foam-trays-market

The global market for foam trays is divided on the basis of application into pharmaceutical, industrial packaging, food packaging, and others. In 2014, food packaging contributed the largest revenue to the foam trays market and held more than 80% of the market in terms of revenue and volume. The wide application of foam trays to serve a multitude of packaging needs is augmenting the food packaging application segment. The penetration of multi-national food chains in emerging markets is also aiding the demand for foam trays. As such, food packaging will be the largest segment of the global foam trays market in the forecast period.

North America, Asia Pacific, Europe, and Rest of the World are the regional segments of the global foam trays market. In 2014, North America was the dominant market with a share of more than 30% in the overall market in terms of revenue. Widespread acceptance of the product in school lunch programs, takeaway food services, and organized food service restaurants is driving the regional market. By volume, Asia Pacific was the dominant region with a share of more than 33% in the global foam trays market.Some leading players that operate in the global foam trays market are Anchor Packaging Inc. (U.S.), Sealed Air Corporation (U.S.), and D&W Fine Pack LLC (U.S.), among others.

The market has been segmented as follows:

Global Foam Trays Market, by Types

  • Polyethylene
  • Polypropylene
  • Polyester
  • Polystyrene
  • Others

Global Foam Trays Market, by Application Types

  • Pharmaceutical
  • Food Packaging
    • Meat & Poultry
    • Dairy Products
    • Food Service (Clamshells)
    • Fruits & Vegetables
    • Bakeries
    • Food Chains (Organized)
  • Industrial Packaging
  • Others

Global Foam Trays Market, by Geography:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Italy
    • Germany
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
      • Colombia
      • Brazil
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle East & Africa

Browse : Our new press releases https://www.transparencymarketresearch.com/pressrelease/global-foam-trays-market.htm

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