Sales of Ready Meal Trays assessed to increase by nearly 2.0 times by 2027

The ready meal trays market continues to showcase stunning prospects, with overall incremental opportunity of over US$ 1.7 Billion by 2027 from 2019, according to a recent Fact.MR study. Growth in consumption of packaged food products across both developed as well as developing countries is anticipated to increase the demand for ready meal trays during the forecast period. Ready meal trays are increasingly used by food processors and fast service restaurants to satisfy their packaging demands. Fast food service providers and caterers are showing a strong preference for ready meal trays in lieu of expensive glass crockery owing to the cost savings which they would otherwise incur on human resources for time consuming cleaning and breakages.

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The rapid growth in urbanization and the fast paced lifestyle is shifting preferences of consumers towards food products which can be delivered, stored and consumed through ready meal trays. Increase in demand for convenient-to-carry packaging solutions for different food products based on functionality such as kosher, medicinal, organic and seasonal is also boosting the global ready meal trays market.

In the market for ready meal trays, manufacturers are developing trays, taking into account the type of meal and the number of items served. In the industry, ready meal trays are being sold by considering the tray compartments, food it will contain, recyclability and “ovenable” features. Regular ready meal trays are being designed to take into account the type of meal with superior features such as added lids, double cavity trays and excellent sealing properties made from high quality polypropylene (PP) sheets

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Type Portioned Trays Perforated Trays
Capacity Upto 250 gms250-500 gmsMore than 500 gms
Material PolypropyleneCrystallized Polyethylene Terephthalate (CPET)AluminumOther Materials (HDPE, HIPS, etc.)
End Use QSR and FSRTransportation Catering ServicesInstitutional Catering ServicesRetail Sales
Region North AmericaLatin AmericaEuropeEast AsiaSouth Asia & OceaniaMEA

Key Players:-
In 2019, Packaging and labeling company Huhtamäki developed a new fiber-based ready meal tray for U.K. supermarket chain Waitrose & Partners. The ready meal tray features a novel fiber-based tray suited for both microwave and regular ovens.
In 2019, Supermarket company, Waitrose limited introduced a new fiber-based ready meal tray which can be recycled along with waste paper, to be used for the Italian range of ready meals. This new material comes from sustainable materials and produces 50 percent less carbon dioxide than the production of black plastic.
In 2019, British supermarket chain Waitrose launched home-compostable ready meal trays. The new range of ready meal trays are a collaborative project between the Swedish forest company Södra, Huhtamakia and Saladworks and is expected to reduce C02 emissions by 50 per cent

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