The global demand for Disposable Meal Trays Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
The disposable meal trays are used for carrying or serving the food. The disposable food trays are used majorly by fast food joints, schools, catering services, supermarkets, and takeout restaurants. Generally, the trays are made up of paper, plastic, bagasse or aluminum. It comes with several styles with lid, without a lid, and with or without compartment. A few key characteristics of meal trays are spill-proof, leak-proof, easy to use, and versatility.
The socio-economic progress globally and changing lifestyle, demand for to-go, and ready and packed food have become a common solution for modern people. Thus, acting as a significant driver for disposable meal tray market. The growth of the fast food service and restaurant industry is also contributing to the increased demands for disposable meal trays. However, with several economies imposing a blanket ban of plastic, the market is expected to witness a slow-down. However, such guidelines have encouraged manufacturers to use biodegradable plastic and corn starch materials for the manufacturing of meal trays. The online food service platform and food delivery channel pose lucrative business prospects for the disposable meal trays market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of disposable meal trays.
The entire disposable meal trays market has been sub-categorized into material type, kind of meal, and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Material Type
By Kind of Meal
- Corn Starch
- Biodegradable Plastic
- Cold or Frozen Meal
- Prepared or Hot Meal
- Ready to Eat Meals
- Kosher Meals
This section covers regional segmentation which accentuates on current and future demand for disposable meal trays market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Disposable Meal Trays Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the disposable meal trays market include Cartonspecialist Srl, Damati Plastics, Ecolife Paper Products, Biopac India Corporation Ltd., Hotpack Global, Panache International FZ LLC, Anchor Packaging, Windsor Industries Pvt. Ltd., Thrace Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.