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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Food Trays & Bowls Market Report 2022 - Molded Sugarcane Poised for Growth as a Sustainable Alternative Material - ResearchAndMarkets.com

June 20, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Jun 20, 2022--

The “Global Food Trays & Bowls Market” report has been added to ResearchAndMarkets.com’s offering.

Demand for food packaging trays and bowls is forecast to increase 3.3% per year to $3.1 billion in 2025, driven by:

  • healthy sales growth following a pandemic-related acceleration in popularity for frozen dinners and fresh prepared foods in trays and especially bowls due to their convenience
  • continuing popularity of packaging-intensive single serving sizes in key food applications, such as prepared foods (e.g., frozen meal bowls, personal pizzas, fresh prepared meals); frozen desserts; and fresh-cut produce
  • increased focus on sustainability causing major food brands to shift from plastic to higher value materials such as molded fiber, paperboard, and bioplastics

However, competition from rigid and flexible packaging alternatives are expected to continue to hinder further growth in some applications.

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Above Average Growth for Bowls Driven by Novelty & Convenience

While trays continue to see much wider use, bowls are expected to see faster growth from a lower market base. Sales will be boosted by the shift to bowls from traditional trays in some frozen dinner applications due to their shelf appeal, which evokes a more contemporary and fresh image for many consumers. Sales will also be supported by the rising use of value added materials that are compostable, recyclable, and/or sourced from recycled or renewable materials.

Molded Sugarcane Poised for Growth as a Sustainable Alternative Material

Molded sugarcane is experiencing rapid sales growth in the foodservice sector, and this trend is expected to spread to retail food packaging trays and bowls over the next decade. A renewable and degradable alternative to plastic and paper, sugarcane - and other similar new molded fiber materials - is seen as holding promise due to its strong performance (e.g., leak protection) compared to molded pulp. In the short term the material’s high cost will likely limit adoption to premium brands/segments that focus on sustainability. However, significant growth opportunities are expected in a broad array of fresh produce; prepared foods; and meat, poultry, and seafood applications.

Key Topics Covered:

1. Executive Summary

2. About The Report

  • Study Scope & Product Description
  • Impact of COVID-19 Pandemic

3. Overview

  • Historical Market Trends
  • Product Overview
  • Factors Impacting Tray & Bowl Demand
  • Food Production Outlook
  • Retail Channel Trends
  • Importance of Sustainability
  • Recycling & Recycled Content
  • Compostability

4. Applications

  • Demand by Application
  • Meat, Poultry, & Seafood
  • Prepared Foods
  • Baked Goods
  • Fresh Produce
  • Other Food

5. Material Trends

  • Demand by Material
  • Rigid Plastic
  • Plastic Foam (EPS)
  • Paperboard
  • Molded Fiber (Molded Pulp & Sugarcane)

6. Food Trays

  • Demand by Application
  • Demand by Material
  • Product Innovation
  • Leading Suppliers

7. Food Packaging Bowls

  • Demand by Application
  • Demand by Material
  • Product Innovation
  • Leading Suppliers

8. Key Suppliers & Industry Trends

  • Industry Composition
  • Key Suppliers
  • Mergers & Acquisitions

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For more information about this report visit https://www.researchandmarkets.com/r/6i8pmi

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 06/20/2022 05:13 AM/DISC: 06/20/2022 05:13 AM

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