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New York, September 10, 2021/PRNewswire/--Technavio predicts that the foam tray market will grow at a compound annual growth rate of 6.29% during 2021-2025 by US$647.4 million. The foam tray market report covers insights into the main trends, main growth drivers and challenges affecting the overall growth of the market.
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The report identified the growing food safety issue as one of the main factors driving market growth. In addition, the growing demand for packaging foam trays in the processing and packaging food industry will further affect market growth.
Technavio analyzes the market by application (food packaging, industrial packaging, and pharmaceutical packaging), geography (Asia Pacific, North America, Europe, South America, and MEA), and material (polystyrene, polyethylene, polypropylene, and polyester).
The foam pallet market covers the following areas:
Foam Tray Market Scale Foam Tray Market Forecast Foam Tray Market Analysis
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Contact: Technavio Research Jesse Maida Media and Marketing Director United States: 1 844 364 1100 United Kingdom: 44 203 893 3200 Email: [Email Protection] Website: www.technavio.com/ Report: https://www.technavio.com /Reports/Analysis of the Foam Pallet Market Industry
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