How Global Foam Trays Market Players Should Strategize For 2022-2031

The global foam trays market size is expected to grow from $2.19 billion in 2021 to $2.39 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The global foam tray market size is expected to grow to $2.98 billion in 2026 at a CAGR of 5.7%.

What is the Global Foam Trays Market?

The foam trays market consists of sales of foam trays by entities (organizations, sole traders, and partnerships) that are used to serve takeaway food from restaurants. The foam functions as a good thermal insulator, making the container simple to carry while also keeping the food at the temperature it was at when it was filled, whether hot or cold. Foam trays are mainly used in the food packaging industry to help prevent liquids from leaking into packaged food and beverages.

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What drives the Global Foam Trays Market?

Increasing food safety issues are expected to propel the growth of the foam trays market going forward. Food safety refers to procedures for preparing, handling, and storing food that is designed to avoid foodborne sickness and injury. Foam trays foodservice packaging insulates better, keeps food fresher for longer, and is less expensive than other options. For instance, in 2020, according to World Health Organization, nearly one in every ten people are becoming unwell after eating contaminated food, and 4.2 lakh people will die each year, resulting in the loss of 33 million good life years. In addition, children under five years of age have 40% of the foodborne disease burden, with 1.25 lakh deaths every year. Therefore, the increasing food safety issues drive the growth of the foam trays market.

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Global Foam Trays Market Segments
The global foam trays market is segmented:
By Material: Polyethylene, Polypropylene, Polyester, Polystyrene, Others
By Coverage Type: Food Grade, Industrial Grade
By Application: Pharmaceuticals, Food and Beverages, Industrial, Others
By Geography: The regions covered in the foam trays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Foam Trays Global Market Report 2022provides market size and growth forecasts for the global foam trays market, global foam trays market share, foam trays market segments and geographies, foam trays market competitive landscape including leading competitors’ revenues, profiles and market shares. The foam trays market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Foam Trays Industry Playersinclude Sealed Air Corporation, Pactiv, Anchor Packaging LLC, Placon Corporation Inc, D&W Fine Pack LLC, Coveris Holdings S.A, Genpak LLC, Groupe Guillin SA, Berry Global, Ecopax LLC, Dart Container, Reynolds Group Holdings Limited, Sirap Group, Novipax, CKF Inc., and Falcon Pack. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.