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Genpak LLC, Noviax LLC, Reynolds Group Holdings Ltd., Sealed Air Corp., and Tekni-Plex Inc. will be the major foam pallet market participants during 2020-2024

Technavio released its latest market research report "Global Foam Pallet Market 2020-2024" (Graphic: Business Wire)

Technavio released its latest market research report "Global Foam Pallet Market 2020-2024" (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--According to Technavio, the foam tray market is expected to grow by USD 588 million during 2020-2024. The report analyzes in detail the impact of the COVID-19 pandemic on the foam tray market in optimistic, possible and pessimistic forecast scenarios.

Due to the widespread growth of the COVID-19 pandemic, the foam tray market will witness a positive and remarkable impact during the forecast period. According to Technavio's pandemic-focused market research, market growth may increase compared to 2019.

The enterprise will go through the response, recovery and renewal phases. Download free report sample

As the COVID-19 pandemic continues to spread, organizations around the world are gradually flattening their decline curve through the use of technology. Many companies will go through the response, recovery, and renewal phases. Building business resilience and achieving agility will help organizations move forward on their journey out of the COVID-19 crisis and toward the next normal state.

This post-pandemic business planning study will help clients:

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The main considerations of the market forecast:

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Three major foam tray market participants:

Genpak LLC conducts business in various fields such as sustainable development; microwave safety; plates, plates and bowls; cups and cutlery; others. The company provides standard supermarket food trays, West Coast only supermarket food trays, processed supermarket trays and smart foam.

Novipax LLC operates its business under a unified business unit. The company’s main products include supermarket pallets, processor pallets and sustainable pallets

Reynolds Group Holdings Ltd. conducts business operations in multiple divisions, namely Reynolds Consumer Products, Pactiv Food Services, Graham Packaging, Evergreen and Enterprise. The company provides foam trays under its Pactiv division. This department produces different food service and food packaging products, such as foam and rigid trays, absorbent tray mats, etc.

If you purchase a report updated in the next 60 days, we will send you the new version and data excerpts for free! Get a snapshot of the report here for a detailed market share analysis of market participants during the COVID-19 lock-in period: https://www.technavio.com/report/Foam Pallet Market-Industry-Analysis

2020-2024 Foam Pallet Market: Segmentation

The foam trays are subdivided as follows:

The foam tray market is being driven by increasingly serious food safety issues. In addition, other factors such as the demand for fast food and processed foods are expected to trigger the foam tray market, with a compound annual growth rate of approximately 4% during the forecast period.

To get more insights on global trends affecting the future of the foam tray market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45074

Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.

Technavio Research Jesse Maida Head of Media and Marketing United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/

The global foam pallet market will grow by US$588 million in 2020-2024

Technavio Research Jesse Maida Head of Media and Marketing United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/