About Foam Tray
Over the last two decades, growing demand for biodegradable polymers which is used to produce packaging from renewable resources has been increased. The foam tray is the container which is used for several packaging applications including, food, pharmaceuticals and number of industrial applications. They protect beverages and packaged food from leakage. These trays are made by encompassing with biodegradable polymers such as cassava starch, cellulose fibres and calcium carbonate. Moreover, foam trays are available in varieties of colour, and shapes. Elegant, strong, versatile packaging plays a major role in maintaining the high standards in market driving the demand for foam trays.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Foam tray market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foam tray market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foam Tray market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Winpak (Canada), Novipax (United States), Pactiv (United States), Groupe Guillin (France), Anchor Packaging (United States), Coopbox Group (Italy), Dart Container (United States), D&W Fine Pack (United States), Ecopax (United States) and Genpak (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Placon (United States).
Segmentation Overview
AMA Research has segmented the market of Global Foam Tray market by Type (Polystyrene, Polyethylene, Polypropylene, Polyester and Others (polyurethane, fluoride)), Application (Food Packaging (Fresh and Frozen Meat, Seafood and Fruits, Vegetable), Industrial Packaging (Circuit Boards, Electronic Equipment), Medicine Packaging and Others) and Region.
On the basis of geography, the market of Foam Tray has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Cassava Starch will boost the Foam Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Rectangle will boost the Foam Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Below 5 1/4 x 5 ¼ will boost the Foam Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend for Customized Design and Shape of Foam Trays by Consumer
Market Growth Drivers:
Growing Concern Related To Food Safety, Increasing Demand from Packaging Industries and Low Cost of Foam Trays
Challenges:
Foam Trays Are Prone To Damage and Cracking and Safety during Delivery and Packaging of Foam Trays
Restraints:
Stringent Government Regulations on Foam Trays
Opportunities:
Rising Demand of Biodegradable Polymer and Progressively Active Lifestyles and the Pace of Food Arrangements Speeds Up
Market Leaders and their expansionary development strategies
In November 2023, Sealed Air announced the acquisition of Encore Packaging, a leading provider of protective packaging solutions in North America, including foam trays. This acquisition strengthens Sealed Air's position in the protective packaging market and could lead to expansion into foam tray production.
In October 2023, Huhtamaki launches a new line of foam trays made from recycled paper pulp. The trays are certified compostable and are suitable for a variety of food applications.
Key Target Audience
Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.