Foam trays are disposable containers which are used in food & beverages industry. These containers can be easily customized in any shape as per requirement. Better durability, strength, density, and temperature resistance are the unique properties of foam trays. These are widely used in various industries including Pharmaceuticals, Food & Beverages, Industrial, and Others.
Increase in demand for foam trays due to its properties like shock resistance, flexibility, and light weight which is expected to boost the global foam trays market growth. Also, increase in demand for polystyrene foam trays will have the positive impact on market growth during this forecast period. Furthermore, low labour cost involved in production which is expected to propel the global foam trays market growth. Moreover, increase in disposable income with high demand for food safety and hygiene will fuel the market growth over the forecast period.
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However, increase in environmental concerns regarding being non-degradable is the major restraining factor which is expected to hamper the global foam trays market growth. Also, availability of bio-based products, and ban on non-biodegradable products will affect the market growth.
Global Foam Trays Market is segmented into material such as Polyester, Polystyrene, Polyethylene, Polypropylene, and Others. Further, market is segmented into application such as Pharmaceuticals, Food & Beverages, Industrial, and Others.
Also, Global Foam Trays Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Tekni-Plex, Sirap Group, NOVIPAX, Genpak, LLC, Falcon Pack, Ecopax, Inc, Dow Chenical Company, Dart Container Corporation, D & W Fine Pack LLC, and Cascades Inc.
- Food & Beverages
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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