Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2259.5 Million | USD 3,250.8 Million | 4.82% | 2022 |
FrequentlyAsked Questions
Foam trays are a type of packaging solution or material that is manufactured using expanded polystyrene foam.
The global foam trays market is projected to grow owing to the increasing demand for convenient and lightweight packaging solutions.
According to study, the global foam trays market size was worth around USD 2259.5 million in 2022 and is predicted to grow to around USD 3,250.8 million by 2030.
The CAGR value of the foam trays market is expected to be around 4.82% during 2023-2030.
The global foam trays market is expected to register the highest growth in North America as it led to over 35.71% of the global market share in 2022.
The global foam trays market is led by players like Dart Container Corporation, Genpak LLC, Huhtamaki Oyj, Pactiv LLC, Sealed Air Corporation, Placon Corporation, Anchor Packaging, Inc., Fagerdala USA, Inc., Premier Protective Packaging, VFP Technologies, Inc., CKF Inc., Ecopax, LLC, Reynolds Packaging Group, Universal Foam Products, VFP Inc., New England Foam Products, Ultramotive Corporation, and Ridout Plastics Co. Inc.
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