Food Trays Market Size Worth $15.13 Billion By 2032 | CAGR: 4.7%

The global food trays market size is expected to reach USD 15.13 billion by 2032, according to a new study by Polaris Market Research. The report “Food Trays Market Share, Size, Trends, Industry Analysis Report, By Material Type (Plastic, PP, PET, Paper & Paper Board); By Tray Type (Single Cavity, Multi Cavity); By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The foodservice industry, including restaurants, cafes, fast-food chains, and catering services, continues to experience growth. As these establishments cater to a larger customer base, the demand for food trays for serving and packaging food has also increased. The growth in consumer preferences for dining out, takeout, and food delivery, along with the emphasis on standardized and hygienic packaging solutions, fuels the expansion of the food trays market. Furthermore, this growth fosters innovation in the industry, leading to the development of new and improved food tray solutions that align with the evolving needs of the foodservice sector.

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The increasing adoption of online food delivery services is driving the growth of the food trays market. As more people opt for the convenience of ordering food online, the demand for suitable packaging solutions, including food trays, has significantly increased. Data provided by TradingPlatforms.com indicates that in 2023, more than 2.85 billion individuals, or 350 million more than in 2018, will use online food delivery services.

The growing number of people relying on online food delivery platforms has led to a substantial rise in delivery orders. As a result, restaurants and delivery services require reliable packaging solutions to ensure that meals are delivered safely and in optimal condition. Food trays provide a practical and efficient option for packaging a variety of food items, meeting the specific requirements of delivery services. With the increase in takeout and on-the-go consumption, food trays provide a convenient solution for packaging meals that can be easily transported and consumed outside of traditional dining settings.

Food Trays Market Report Highlights

• Plastic segment is anticipated to witness faster growth in the coming years due to the versatility, durability, hygiene & cost-effectiveness.
• Multi cavity segment accounted for the larger market share owing to the efficiency, space optimization and portion control benefits.
• Restaurants & Cafes segment is projected to experience a larger revenue share due to the increasing dining-out culture and the rising demand for takeaway.
• Asia Pacific projected to register a higher growth rate in the study period owing to growth of the quick-service restaurant industry.
• North America held the largest share, owing to the increasing demand for food delivery and high disposable income.
• The global players include Huhtamaki, Genpak, Pactiv, Dart Container, WestRock Company, Coveris, Amcor, Sabert, and Anchor Packaging

Polaris Market Research has segmented the food trays market report based on material type, tray type, end use and region:

Food Trays, Material Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Plastic
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Others (HIPS, HDPE, etc.)
• Paper & Paperboard

Food Trays, Tray Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Single Cavity
• Multi Cavity

Food Trays, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Food Producers & Processors
• Restaurants & Cafes
• Catering Services
• Food Courts
• Online Food Delivery

Food Trays, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Food Trays Market Report Scope