Global Foam Trays Market – (By Type – Polyethylene, Polypropylene, Polyester, Polystyrene and Others. By Applications – Pharmaceutical, Food Packaging, Industrial Packaging and Others. and By Region). Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 – 2021
Foam trays are disposable containers used mainly in food and beverages section. They can be easily customized in any shape as per requirement. The foam trays possess properties such as indulging strength, density, better durability and temperature resistance which can be modified as per the application. Due to such properties use of foam trays has increased during the past years. Foam trays are non-biodegradable which is harmful for the environment. Key buyers of foam trays are packaging suppliers, food and beverage container manufacturers and food service sectors.
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This report examines the global foam trays market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
a. Low cost of foam trays is driving the growth of foam trays market.
b. Rising prices of environment friendly materials and infrastructure restraints.
c. Rising trend of take-away systems in restaurants and busy lifestyles is increasing the demand for foam trays.
a. Threat from entrants due to price based competition.
b. Ban on environmentally harmful and non-biodegradable materials in some countries is a restraining factor.
Report includes a detailed analysis on value chain in order to provide a holistic view of the foam trays market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the foam trays market industry, from raw material suppliers to end-users.
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Porter’s five forces model has been used to depict the impact of various factors such as:
- Degree of competition
- Bargaining power of suppliers
- Threat of substitutes
- Bargaining power of buyers
- Threat of new entrants during the forecast period
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints.
The global foam trays market has further been segmented based on types such as Polyethylene, Polypropylene, Polyester, Polystyrene, Others and the market is further segmented based on application which includes Pharmaceutical, Food Packaging (Meat & Poultry, Dairy Products, Food Service, Fruits & Vegetables, Bakeries and Food Chains), Industrial Packaging and Others. The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2015 to 2021. Each type has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
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