Today increasing number of restraints, convenience stores, food suppliers, caterers and other food suppliers including online food delivery services find advantages when they switch from traditional paperboard, Styrofoam and aluminum material trays to plastic trays. Few major cities in USA has already banned the use of Styrofoam because of their disposable problem and it is very difficult to recycle them. Many food industry players are searching for alternative for Styrofoam packaging. Plastic meal trays are the solution for them. These kind of plastic meal tray also allows vacuum and gas packaging. It is now becoming a widely excepted product because of its benefits such as easy to seal and it allows vacuum and gas packaging.
Due to socio-economic advancement all over the world and
changing lifestyle, ready and packed meals has become a widespread solution for
modern people. This is acting as one the important driver for plastic
meal tray market. Demand for readily available fresh food,
frozen food, dry fruits etc. is also driving plastic meal tray market.
Attractive visual appearance and convenience to use are additional aspects
which are expected to drive the plastic meal tray market. Moreover because of
its environmental benefits recyclable plastic meal trays it is being used in
college, schools and office canteens extensively. The plastic meal tray market
is driven by the trend of shifting interest of consumers towards processed and
specialty food. High raw material cost in less developed countries can
act as restraint for this plastic meal tray market.
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Introduction of more eco-friendly tray material like sugar
cane or bagasse trays may act a threat to this plastic meal tray market.
Based on the type of
plastic used the plastic meal tray market is segmented into:
- Polypropylene
- CPET
- Others
(RePET, HIPS, HDPE and APET)
Based on the
application the plastic meal tray market is segmented into:
- Cold
and Frozen food
- Prepared
foods (hot) and ready to eat meals
- Kosher
meals
In terms of geography, the plastic meal tray market has been
divided in to five key regions including North America, Latin America, Europe,
Asia-Pacific and Middle East & Africa. The plastic meal tray market is
expected to register healthy CAGR during the forecast period. North America is
anticipated to be the dominant market for plastic meal tray market followed by
Asia Pacific and Europe. The market in Asia-Pacific region is expected to grow
at highest CAGR over the forecast period. Countries with more population like
China, India, USA etc. are likely to provide abundant opportunities for the
growth of the plastic meal tray market.
Some of the key players in the plastic meal tray market are Food
Packaging (GREENDALE), Sonoco Products, Pactiv LLC, Cambro etc.
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regional segments are covered comprehensively:
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America
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