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Ready Meal Trays Market

Ready Meal Trays Market

by Type (Portioned Trays and Perforated Trays), Materials (Polypropylene, Crystallized Polyethylene Terephthalate, Aluminum, and Other Materials), End Use (QSR & FSR, Transportation Catering Services, Institutional Catering Services, and Retail Sales), and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14127
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Nov 2022 | 835 Views
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Pandemic disrupted the entire world and affected many industries.

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The global ready meal trays market continues to realize huge traction with worldwide sales assessed to extend by nearly double during the forecast period. Changing eating habits have resulted in a wider acceptance of ready-to-eat foods, driven by increased preference for food. Increased demand for convenient-to-carry packaging alternatives for differentiating food products supported features like kosher, medicinal, organic, and seasonal goods is additionally being witnessed within the worldwide marketplace for ready-to-carry food trays.
Demand for ready-to-eat food products is expected to witness a high growth in metros where tons of working people do not get enough time to cook proper meals. Ready meal trays are frequently getting used within the food service and catering (including airline catering) industry.

COVID-19 Impact Analysis

  • Although consumers have increasingly become aware of the general hygiene levels, the demand for online food delivery platforms across the world is predicted to possess a positive outlook during the continued COVID-19 pandemic due to which, the demand for plastic ready meal trays is projected to extend. However, the demand for plastic ready meal trays is probably going to stay less than initial projections as restaurants in several regions of the planet remained shut due to lockdown and restrictions on movement.
  • Change in eating habits has led to a wider acceptance of ready-to-eat foods, driven by increased preference for comfort. As a result, demand for ready-to-eat food products has recorded high growth in tier 1 cities, where an outsized segment of population tends to prefer take-outs or order online rather than cooking reception meals. Thus, sale of plastic ready meal trays is projected to witness significant growth of the web food delivery and food courts.
  • Market participants specialize in product diversification and explore the potential of other materials as a packaging solution. Despite treading through the COVID-19 event at a gentle pace, the plastic ready meal trays market is predicted to witness the entry of other solutions, including transparent or multi-colored ready meal trays.

Top Impacting Factors
Major suppliers engaged within the marketplace for ready meal trays have implemented several other comfort characteristics for food packaging, such as mobility, easy-to-open and single-use packaging, which is anticipated to contribute to the event of the worldwide market place for ready meal trays.
Trays made up of normal polymer foams deform at elevated temperatures but ready meal trays made up of PET and CPET materials withstand elevated heat applications and may be used for baking in any conventional or microwave .
Manufacturers of ready meal trays have incorporated the utilization of Omni-recyclable PET lids to take care of the freshness and high nutritional value in these products, which contributes greatly to the event of the ready meal trays market.

Market Trends
Increase in Demand for Reusable Plastic

  • In today’s world, fully recyclable ready meal trays are getting increasingly popular across different sectors. The food industry is moving quickly toward the adoption of fully recyclable ready meal trays.
  • Some of the regions have changed their policies with the aim of creating all plastic packaging which are reusable and recyclable by 2030. Manufacturers within the plastic tray industry are manufacturing fully recyclable ready meal trays rather than Omni-recyclable ready meal trays. 

Surge in PET Ready Meal Trays

  • A considerable increase within the use of PET ready meal trays by the packaging industry within the region has created growth possibilities for ready meal tray producers across the globe. Fully recyclable ready meal trays are intended with a far better locking mechanism and made from high-density polyethylene to ensure food safety for an extended time. Leading manufacturers are concentrated on offering fully recyclable ready meal trays, reduced costs, optimization of the availability chain, and offering sustainability.
  • The resource-efficient and accountable strategy of using plastics in packaging across all industries is expected to attract more businesses working within the ready meal trays market within the region. The proposed rules for enhancing the recycling of PET plastic trays by Plastic Recyclers Europe support the event of the marketplace for plastic trays.

Key Benefits of the Report

  • This study presents the analytical depiction of the ready meal trays industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ready meal trays market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the ready meal trays market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed ready meal trays market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Ready Meal Trays Market Research Report

  • Which are the leading players active in the ready meal trays market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is “ready meal trays “market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the “ready meal trays " market?

Ready Meal Trays Market Report Highlights

Aspects Details
By Type
  • Portioned Trays
  • Perforated Trays
By Material
  • Polypropylene
  • Crystallized Polyethylene Terephthalate (CPET)
  • Aluminum
  • Other Materials (HDPE, HIPS)
By End Use
  • QSR and FSR
  • Transportation Catering Services
  • Institutional Catering Services
  • Retail Sales
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Amcor plc, DS Smith Plc, Faerch A/S, Sonoco Products Company, HuhtamkiOyj, Quinn Packaging, Omniform Group, MCP Performance Plastic Ltd, Silver plastics GmbH & Co. KG, Versatile Packaging

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