Global Foam Tray Market 2020-2024
Technavio has been monitoring the foam tray market and it is poised to grow by USD 588.00 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on foam tray market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing food safety issues, demand for fast food and processed food and rising number of food recalls. In addition, increasing food safety issues is anticipated to boost the growth of the market as well.
The foam tray market analysis includes application segment, material segment and geographical landscapes
Technavio's foam tray market is segmented as below:
- Food packaging
- Industrial packaging
- Pharmaceutical packaging
By Geographical Landscape
- North America
- South America
This study identifies the demand for small sized or single serving packs as one of the prime reasons driving the foam tray market growth during the next few years. Also, growth of biodegradable trays and consolidation of players in the market will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our foam tray market covers the following areas:
- Foam tray market sizing
- Foam tray market forecast
- Foam tray market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foam tray market vendors that include Anchor Packaging Inc., Cascades Inc., CKF Inc., Dart Container Corp., DuPont de Nemours Inc., Genpak LLC, Novipax LLC, Reynolds Group Holdings Ltd., Sealed Air Corp., and Tekni-Plex Inc.. Also, the foam tray market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.