Wilmington, Delaware, United States, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the value of global foam trays market was worth US$ 3.0 Bn. The global market is likely to expand at a CAGR of 3.2% during the forecast period, from 2022 to 2031. The global foam trays market is likely to attain value of US$ 3.9 Bn by 2031. Given their ability to shield food from oxygen and moisture infiltration, foam trays are anticipated to see a rise in demand. Additionally, they serve as a barrier to keep food safe from contaminants and other potentially harmful substances, which is expected to drive global market for foam trays market.
In order to develop foam trays for industrial packaging, miniatures, pharmaceutical packaging, and food packaging, manufacturers are switching to materials made from resins that are derived using chemical recycling. This results in a package made completely of resins, which is anticipated to fuel demand for foam trays market. Therefore, producers are expected to consider this recycling possibility as part of the effort to commercialize and promote recycling processes and become aware of government initiatives encouraging recycling operations.
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Food packing uses for foam trays are the most common ones. They aid in preventing liquid leakage in packaged meals and drinks. Poultry, meat, vegetables, and fruits all can be stored on foam trays. Foam trays come in a variety of shapes and sizes, and typically insulate food from hazardous biological, chemical, and physical elements. Additionally, these trays are used in several applications, including the packaging of small tools, test tube holders, meat and dairy goods.
Key Findings of Market Report
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Global Foam Trays Market: Key Players
Some of the key market players are
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Global Foam Trays Market: Segmentation
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