- Virgin Foam
- Recycled Foam
Foam Trays Market size is expected to be valued at USD 3,245.3 million in 2022 and is poised to grow at a CAGR of 3.6% from 2023-2029. Foam trays are chiefly used in food packaging. They help avoid liquids from dripping into packaged beverages and foods. Foam trays are perfect for use in poultry, fruits, meat, and vegetables. They defend the food from physical, biological, and chemical hazards. Foam trays are accessible in numerous sizes and shapes. These trays are also used in numerous applications such as test tubes, dairy products, small tools packaging, meat packaging, and holders. Foam trays are less wasted and can be recycled or dumped into landfills which results in reduced cost when compared to other materials. The rising preferences of the customer for the use of biodegradable products can lead to the foam trays market growth. Moreover, increasing emphasis of the manufacturers concerning the manufacturing of a wide variety of biodegradable products and growing buyer demand for suitable packaging are some primary factors that can boost the global foam trays market. Apart from these, growing demand for processed and fast food and an increasing number of food recollections can also accelerate the market in the future. The growing demand and low price for extended polystyrene can also drive the global market further. However, some factors such as the prohibition on non-biodegradable products and easy accessibility of bio-based substances can restrain the growth of the market. plastic being non-degradable will create problems for the environment which can hinder the market growth. The growing levels of disposable income of the people and rising demand for single-serving packs and small-sized can create an opportunity for the global foam trays market growth.
Foam Trays Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.6%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Foam Trays Market Dynamics
One of the major reasons for the global foam trays market growth is the surge in demand for foam trays in the pharmaceutical sector. The logistics of delivery of pharmaceutical products need a changed method to that of traditional goods. In many cases, control of temperature is vital to confirm that contents remain viable once they reach their last stop. The complex nature of medical and pharmaceutical products means that a temperature-sensitive well-made packaging solution is a categorically important part of the intact and safe transfer. Consequently, foam trays are desirable options for the consignment of medical and pharmaceutical products which is expected to propel the growth of the market in the forecast period.
North-America Got Significant Share
Foam Trays Market Regional Analysis
North America is dominating the global foam trays market, due to the rise in demand for takeaway beverage and food products. Moreover, main pharmaceutical industries are shifting toward foam trays for the safe distribution of pharmaceutical products have also attributed to the growth of the market. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. the use of foam trays in the Association of Southeast Asian Nations (ASEAN) countries and the increasing penetration of food facilities and takeaway food services in several countries which has the potential to increase the demand for foam trays in these regions.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The foam trays market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Foam Trays Market Segmentation
By Product Type
By Material Type
- Polyethylene
- Polypropylene
- Polyester
- Polystyrene
- Others
By Application
- Pharmaceuticals
- Industrial Packaging
- Food Packaging
- Others
Frequently Asked Questions
The primary factors that drive the market are increasing demand for foam trays due to their properties like lightweight flexibility, and shock resistance, rise in demand for polystyrene foam trays, growth in disposable income, and availability of cheap labor.
North America is dominating the foam trays market.
Polystyrene placed under the material type segment is the fastest-growing segment of the market.
Tekni-Plex, Inc., Novipax, Anchor Packaging Inc., Placon Corporation Inc., Coveris Holdings S.A, D&W Fine Pack LLC, Genpak LLC, Berry North America Inc., Ecopax LLC, Dart Container Corporation, Cascades Inc., and Atlas Holdings LLC are the key players of the market.
| 1. Executive Summary |
| 2. Global Foam Trays Market Introduction |
| 2.1. Global Foam Trays Market - Taxonomy |
| 2.2. Global Foam Trays Market -Definitions |
| 2.2.1. By Material |
| 2.2.2. By Type |
| 2.2.3. By Application |
| 2.2.4. By Region |
| 3. Global Foam Trays Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Foam Trays Market Dynamic Factors - Impact Analysis |
| 3.6. Global Foam Trays Market - Competition Landscape |
| 4. Global Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Foam Trays Market, By Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Polyethylene |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polypropylene |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyester |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polystyrene |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Foam Trays Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Virgin Foam |
| 6.1.1. Corrugated |
| 6.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.1.3. Market Opportunity Analysis |
| 6.1.2. Non-corrugated |
| 6.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.2.3. Market Opportunity Analysis |
| 6.2. Recycled Foam |
| 6.2.1. Corrugated |
| 6.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.1.3. Market Opportunity Analysis |
| 6.2.2. Non-corrugated |
| 6.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.2.3. Market Opportunity Analysis |
| 7. Global Foam Trays Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. Pharmaceuticals |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Industrial Packaging |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Food Packaging |
| 7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Foam Trays Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Region, 2023 - 2029 |
| 9. North America Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Polyethylene |
| 9.1.2. Polypropylene |
| 9.1.3. Polyester |
| 9.1.4. Polystyrene |
| 9.1.5. Others |
| 9.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Virgin Foam |
| 9.2.1.1. Corrugated |
| 9.2.1.2. Non-corrugated |
| 9.2.2. Recycled Foam |
| 9.2.2.1. Corrugated |
| 9.2.2.2. Non-corrugated |
| 9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Pharmaceuticals |
| 9.3.2. Industrial Packaging |
| 9.3.3. Food Packaging |
| 9.3.4. Others |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Country, 2023 - 2029 |
| 9.6. North America Foam Trays Market Dynamics - Trends |
| 10. Europe Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Polyethylene |
| 10.1.2. Polypropylene |
| 10.1.3. Polyester |
| 10.1.4. Polystyrene |
| 10.1.5. Others |
| 10.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Virgin Foam |
| 10.2.1.1. Corrugated |
| 10.2.1.2. Non-corrugated |
| 10.2.2. Recycled Foam |
| 10.2.2.1. Corrugated |
| 10.2.2.2. Non-corrugated |
| 10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Pharmaceuticals |
| 10.3.2. Industrial Packaging |
| 10.3.3. Food Packaging |
| 10.3.4. Others |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Country, 2023 - 2029 |
| 10.6. Europe Foam Trays Market Dynamics - Trends |
| 11. Asia-Pacific Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Polyethylene |
| 11.1.2. Polypropylene |
| 11.1.3. Polyester |
| 11.1.4. Polystyrene |
| 11.1.5. Others |
| 11.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Virgin Foam |
| 11.2.1.1. Corrugated |
| 11.2.1.2. Non-corrugated |
| 11.2.2. Recycled Foam |
| 11.2.2.1. Corrugated |
| 11.2.2.2. Non-corrugated |
| 11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Pharmaceuticals |
| 11.3.2. Industrial Packaging |
| 11.3.3. Food Packaging |
| 11.3.4. Others |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Foam Trays Market Dynamics - Trends |
| 12. Latin America Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Polyethylene |
| 12.1.2. Polypropylene |
| 12.1.3. Polyester |
| 12.1.4. Polystyrene |
| 12.1.5. Others |
| 12.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Virgin Foam |
| 12.2.1.1. Corrugated |
| 12.2.1.2. Non-corrugated |
| 12.2.2. Recycled Foam |
| 12.2.2.1. Corrugated |
| 12.2.2.2. Non-corrugated |
| 12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Pharmaceuticals |
| 12.3.2. Industrial Packaging |
| 12.3.3. Food Packaging |
| 12.3.4. Others |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Country, 2023 - 2029 |
| 12.6. Latin America Foam Trays Market Dynamics - Trends |
| 13. Middle East and Africa Foam Trays Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Polyethylene |
| 13.1.2. Polypropylene |
| 13.1.3. Polyester |
| 13.1.4. Polystyrene |
| 13.1.5. Others |
| 13.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Virgin Foam |
| 13.2.1.1. Corrugated |
| 13.2.1.2. Non-corrugated |
| 13.2.2. Recycled Foam |
| 13.2.2.1. Corrugated |
| 13.2.2.2. Non-corrugated |
| 13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Pharmaceuticals |
| 13.3.2. Industrial Packaging |
| 13.3.3. Food Packaging |
| 13.3.4. Others |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Foam Trays Market - Opportunity Analysis Index, By Material, By Type, By Application, and Country, 2023 - 2029 |
| 13.6. MEA Foam Trays Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Tekni-Plex, Inc. |
| 14.2.2. Novipax |
| 14.2.3. Anchor Packaging Inc. |
| 14.2.4. Placon Corporation Inc. |
| 14.2.5. Coveris Holdings S.A |
| 14.2.6. D&W Fine Pack LLC |
| 14.2.7. Genpak LLC |
| 14.2.8. Berry North America Inc. |
| 14.2.9. Ecopax LLC |
| 14.2.10. Dart Container Corporation |
| 14.2.11. Cascades Inc. |
| 14.2.12. Atlas Holdings LLC |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Tekni-Plex, Inc.
- Novipax
- Anchor Packaging Inc.
- Placon Corporation Inc.
- Coveris Holdings S.A
- D&W Fine Pack LLC
- Genpak LLC
- Berry North America Inc.
- Ecopax LLC
- Dart Container Corporation
- Cascades Inc.
- Atlas Holdings LLC