14-Jun-2021 | Zion Market Research
Some of key players in plastic ready meal trays market include Genpak, LLC, Faerch A/S, Sealed Air, Sunmarks, LLC., Sabert Corporation, Bemis Company, Inc., Portage Plastics Corporation, PLASTIPAK HOLDINGS, INC., Pinnpack, MCP, Amcor plc, DS Smith, Huhtamäki Oyj, Omniform, Silver plastics GmbH & Co. KG, Versatile Packaging, among others. These players are set to bolster the development of global plastic ready meal trays market.
According to analysts at Zion Market Research, the artificial intelligence in diagnostics market accounted for USD 7711.7 Million in 2020 and is expected to reach USD 10,706.7 Million by 2028, growing at a CAGR of 21.9% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Global Plastic Ready Meal Trays Market, By Material (Polypropylene (PP), Polyethylene Terephthalate (PET) and Others), Molding Technology (Injection Molding and Thermoformed Molding), Tray Type (Single Cavity and Multi Cavity), End Use (Food Producers and Processors, Restaurants, Food Courts, Catering Services and Online Food Delivery): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increased usage of readymade food bolstered the growth of plastic ready meal trays
The market for plastic ready meal trays is growing due to advancements in packaging solutions and packaging technology. Plastic ready meal trays are benefiting from the expansion and growth of the packaging industry. Market growth is also being fueled by rising packaged food demand and changing lifestyles. Fully recyclable ready meal trays are gaining popularity in a variety of industries. Increasing supply chain efficiency, lowering the risk of harm, and improving safety are some of the factors driving demand for ready meal trays. The food industry is rapidly embracing fully recyclable ready-to-eat meal trays. Switching from traditional Styrofoam, paperboard, and aluminum material trays to ready meal trays has several advantages for retailers, food suppliers, convenience stores, caterers, and online food delivery services. Few major cities in the United States have already banned the use of Styrofoam due to its high cost of disposal and difficulty in recycling.
Presence of Big Players in The Region Support North American Dominance
In terms of market share and revenue, North America dominates the plastic ready meal trays market. During the forecast period, the region will maintain its dominance. The demand for plastic ready meal trays will rise in tandem with the growth and expansion of the food and beverage industry. The rise in single-person households has resulted in a significant shift in food consumption patterns, with more people opting for ready-to-eat meals and food on-the-go. According to recent independent studies, more than 7 out of 10 consumers in the United Kingdom consume ready meals. Consumers in developing countries are expected to continue this trend on a much larger geographical scale.
Browse the full “Global Plastic Ready Meal Trays Market, By Material (Polypropylene (PP), Polyethylene Terephthalate (PET) and Others), Molding Technology (Injection Molding and Thermoformed Molding), Tray Type (Single Cavity and Multi Cavity), End Use (Food Producers and Processors, Restaurants, Food Courts, Catering Services and Online Food Delivery): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/plastic-ready-meal-trays-market
The global plastic ready meal trays market is segmented as follows:
By Molding Technology
By Tray Type
By End Use
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