According to a new
market report published by Transparency Market Research “Foam
Trays Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2009 - 2021”, the global foam trays market in
terms of revenue was valued at US$2 bn in 2009 and is expected to
reach US$3 bn by 2021, growing at a CAGR of 3.2% from 2009 to 2021.
In terms of volume, global foam trays market was valued at 31.7 bn
units in 2009 and is expected to reach 52.8 bn units by 2021,
expanding at a CAGR of 4.4% from 2009 to 2021.
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Research Report of Foam Trays Market :
The global market
for foam trays is largely driven by the flourishing food and
beverages and fast food industries, and the rising popularity of
take-away food services in countries like India, Indonesia, and
China. The cost effectiveness of foam trays and the rising demand for
expanded polystyrene (EPS) foam trays, along with features such as
low cost of labor, shock absorbance, low weight, durability, and
flexibility are the other key factors driving the global market for
foam trays.
The report on the
global foam trays market presents a detailed analysis, forecast, and
numerous estimates about the market in terms of revenue and demand
between the years 2009 and 2021. The report also comprises a detailed
analysis of the key driving and restraining factors impacting the
market and affecting the market’s overall development. The report
also presents an overview of the key trends observed in past years as
well as those prevailing at present. Forecast regarding the potential
implication of the various drivers, restraints, and trends on
market’s future development makes the report a guidebook for
efficient decision making.
The report presents
a detailed overview of the market on the basis of product type,
application type, and geography. Detailed information regarding
market volume and revenue for all the market segments are also
included in the report. The market operations in the key regional
markets are also studied in detail.
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Report :
The data included in
the report is obtained through primary and secondary research
methodologies. The information sourced is evaluated using
industry-leading analytical techniques for presenting before the
readers the most accurate and precise bits of market statistics and
general data.
Global Foam Trays
Market: Overview
The key types of
foam trays discussed in the report, on the basis of the material
used, include polyethylene, polyester, polypropylene, and
polystyrene. Consumption statistics for these product segments are
provided for applications such as pharmaceutical, food packaging, and
industrial applications. The segment of food packaging is further
sub-segmented into meat and poultry, dairy products, food services,
fruits and vegetables, food chains, and bakeries.
The report states
that the global market for foam trays, which had a valuation of US$2
bn in 2009, will expand at a positive, although a moderate 3.2% CAGR
between 2009 and 2021 and reach US$3 bn by 2021. Volume-wise, the
market is expected to expand at a 4.4% CAGR over report’s forecast
period and rise from 31.7 bn units in 2009 to 52.8 bn units by 2021.
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Release of Foam Trays Market :
Of the key
application segments of foam trays studied in the report, the segment
of food packaging enjoys the lead, by accounting for more than 80% of
the market, both in terms of revenue and volume, in 2014. Apart from
cost-effective and flexible nature of foam trays, the rising
popularity of multi-national food chains in developing nations is
also a key driving force for the expanding market for foam trays.
Of the key regional
markets for foam trays, Asia Pacific led the market with a 33% share,
closely followed by North America, which acquired a 30% share in the
market.
Global Foam Trays
Market: Key Vendors
Some of the key
businesses operating in the global foam trays market include Sealed
Air Corporation, Pactiv, LLC, Anchor Packaging, Inc., D&W Fine
Pack, LLC, Placon Corporation, Inc., Coveris Holding, S.A., Genpak
LLC, Berry Plastics Group, Inc., Ecopax, LLC, Groupe Guillin SA, Dart
Container Corporation, and Sirap Group.
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research techniques in developing distinctive data sets and research
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