ALBANY, New York, October 23, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Foam Trays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2009 - 2021", the global foam trays market in terms of revenue was valued at US$2 bn in 2009 and is expected to reach US$3 bn by 2021, growing at a CAGR of 3.2% from 2009 to 2021. In terms of volume, global foam trays market was valued at 31.7 bn units in 2009 and is expected to reach 52.8 bn units by 2021, expanding at a CAGR of 4.4% from 2009 to 2021.
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The global foam trays market is expected to witness sluggish growth during the forecast period. Cost effectiveness of foam trays and increasing demand for expanded polystyrene (EPS) foam trays are the major driving factors for the foam trays market. Low labor cost and properties such as light weight, shock absorbent, durable, flexible, and easy to handle among others of foam trays have been promoting the growth of these trays globally.
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The global foam trays market, by type, can be segmented into polyethylene, polypropylene, polyesters, polystyrene and others. Increasing demand for expanded polystyrene (EPS) foam trays is the major factor behind the growth of polystyrene segment, in terms of both revenue and volume. With rising penetration of food service and take away food services in countries such as India, China and Indonesia among others, the demand for EPS foam trays is also increasing and is expected to accelerate the growth of the foam trays market during the forecast period from 2009 to 2021.
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The global foam trays market, by application types, can be divided into four segments: pharmaceutical, food packaging, industrial packaging and others. Food packaging was the largest contributor in global foam trays market in 2014, accounting for a market share of more than 80% in terms of both revenue and volume. The growth can be attributed to wide application of foam trays in different packaging industry. Also, the expansion of multi-national food chains into the emerging markets is also raising the demand for foam trays. Considering these factors, food packaging is anticipated to remain the largest segment in foam trays market during the forecast period.
Other Reports Published by Transparency Market Research:
- Pharmaceutical Packaging Equipment Market: http://www.transparencymarketresearch.com/pharmaceutical-packaging-equipment-market.html
- Footwear Market: http://www.transparencymarketresearch.com/footwear-market.html
- Automotive Steering Systems Market: http://www.transparencymarketresearch.com/automotive-steering-systems-market.html
The global foam trays market has been segmented into four regions: North America, Europe, Asia Pacific and RoW. In 2014, North America held the largest market share, with more than 30% in terms of revenue and volume wise, Asia Pacific held the largest market share, with more than 33%. Wide acceptance of foam trays in takeaway food services, school lunch programs and organized food chains is driving the growth of North American foam trays market.
Some of the leading players in the foam trays market are Sealed Air Corporation. (U.S.), Pactiv, LLC (U.S.), Anchor Packaging, Inc. (U.S.), Placon Corporation, Inc. (U.S.), D&W Fine Pack, LLC (U.S.), Coveris Holding, S.A. (Luxembourg), Genpak LLC (U.S.), Groupe Guillin SA (France), Berry Plastics Group, Inc. (U.S.), Ecopax, LLC (U.S.), Dart Container Corporation (U.S.) and Sirap Group (Italy) among others. The report provides estimates in terms of revenue (USD Million) and volume (Million Units) from 2009 to 2021 by studying the global foam trays market. Competitive analysis of various market segments based on the types, application types and in-depth scrutiny of the foam trays market across different geographic segments falls under the scope of the report.
The market has been segmented as follows:
Global Foam Trays Market, by Types
Global Foam Trays Market, by Application Types
- Food Packaging
- Meat & Poultry
- Dairy Products
- Food Service (Clamshells)
- Fruits & Vegetables
- Food Chains (Organized)
- Industrial Packaging
Global Foam Trays Market, by Geography:
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
Browse All Other Consumer Goods Market Research Reports: http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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