Foam Trays Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | Pactiv LLC, Berry Global Inc., Ecopax LLC, Sirap Group, Novipax Inc.

"The new report published by The Business Research Company, titled ""Foam Trays Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the foam trays market size has grown strongly in recent years. It will grow from $2.56 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The foam trays market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Enhanced Food Safety Concerns Drive The Growth Of The 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 June 2022, according to the UK Research and Innovation, a UK-based government department, in the UK, there are over 2.4 million instances of foodborne illnesses each year. Therefore, the increasing food safety issues drive the growth of the foam trays market.

Innovations In Foam Tray Products Enhancing Sustainability And Performance
Product innovations are the key trend gaining popularity in the foam tray market. Major companies are developing innovative foam trays offering features such as bio-based material, durable and lightweight materials to sustain their position in the market. For instance, in January 2022, TekniPlex, a US-based manufacturer of containers and packaging products, launched foam polypropylene processor trays for fresh food products such as meat, poultry, pork, fruits, and vegetables, diversifying material offerings in this category. The material is long-lasting, lightweight, heat-resistant, and FDA-approved for direct food contact. Foam polypropylene is also a drop-in replacement for common foam polystyrene trays, so there is no need for businesses to undertake the extra work or cost of retooling packing equipment.

The foam trays market covered in this report is segmented -
1) By Material: Polyethylene, Polypropylene, Polyester, Polystyrene, Other Materials
2) By Coverage Type: Food Grade, Industrial Grade
3) By Application: Pharmaceuticals, Food and Beverages, Industrial, Other Applications

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Major companies operating in the foam trays market include Sealed Air Corporation, Pactiv LLC, Anchor Packaging LLC, Placon Corporation Inc., D&W Fine Pack LLC, Coveris Holdings SA, Genpak LLC, Groupe Guillin SA, Berry Global Inc., Ecopax LLC, Dart Container Corporation, Reynolds Group Holdings Limited, Sirap Group, Novipax Inc., CKF Inc., Falcon Pack Industry LLC, Huhtamaki Oyj, Sabert Corporation, Novolex Holdings Inc., Inline Plastics Corp., Sonoco Products Company, Fabri-Kal Corporation, WinCup Inc., Cascades Inc., New WinCup Holdings Inc., PinnPACK Packaging LLC, Dolco Packaging Crop., Fagerdala USA Inc., Foam Products Corporation, Premier Protective Packaging

Contents of the report:
1. Executive Summary
2. Foam Trays Market Report Structure
3. Foam Trays Market Trends And Strategies
4. Foam Trays Market - Macro Economic Scenario
5. Foam Trays Market Size And Growth
…..
27. Foam Trays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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