LONDON–(BUSINESS WIRE)–Sep 23, 2020–
The foam tray market is expected to grow by USD 588 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the foam tray market in optimistic, probable, and pessimistic forecast scenarios.
Technavio has announced its latest market research report titled Global Foam Tray Market 2020-2024 (Graphic: Business Wire)
The foam tray market will witness Positive and Superior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure.Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Foam Tray Market Participants:
Genpak LLC operates its business under various segments such as sustainable; microwave safe; plates, platters, and bowls; cups and cutlery; others. The company offers standard supermarket food trays, west coast only supermarket food trays, processor supermarket trays, and smart set foam.
Novipax LLC operates its business under a unified business segment. The company’s key offerings include supermarket tray, processor tray, and sustainable tray
Reynolds Group Holdings Ltd.
Reynolds Group Holdings Ltd. has business operations under various segments, namely Reynolds consumer products, Pactiv foodservice, Graham packaging, Evergreen, and corporate. The company offers foam trays under its Pactiv segment. This segment manufactures different foodservice and food packaging products such as foamed and rigid trays, absorbent tray pads, and others.
Foam Tray Market 2020-2024: Segmentation
Foam Tray is segmented as below:
- Food packaging
- Industrial packaging
- Pharmaceutical packaging
- North America
- South America
The foam tray market is driven by increasing food safety issues. In addition, other factors such as demand for fast food and processed food are expected to trigger foam tray market toward witnessing a CAGR of about 4% during the forecast period.
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 09/23/2020 01:00 PM/DISC: 09/23/2020 01:00 PM
Copyright Business Wire 2020.