Ready Meal Trays Market Sales Assessed To Increase By Nearly 2.0 Times In 2027

The ready meal trays market continues to showcase stunning prospects, with overall incremental opportunity of over US$ 1.7 Billion by 2027 from 2019, according to a recent Fact.MR study. Growth in consumption of packaged food products across both developed as well as developing countries is anticipated to increase the demand for ready meal trays during the forecast period. Ready meal trays are increasingly used by food processors and fast service restaurants to satisfy their packaging demands. Fast food service providers and caterers are showing a strong preference for ready meal trays in lieu of expensive glass crockery owing to the cost savings which they would otherwise incur on human resources for time consuming cleaning and breakages.

The rapid growth in urbanization and the fast paced lifestyle is shifting preferences of consumers towards food products which can be delivered, stored and consumed through ready meal trays. Increase in demand for convenient-to-carry packaging solutions for different food products based on functionality such as kosher, medicinal, organic and seasonal is also boosting the global ready meal trays market.

In the market for ready meal trays, manufacturers are developing trays, taking into account the type of meal and the number of items served. In the industry, ready meal trays are being sold by considering the tray compartments, food it will contain, recyclability and “ovenable” features. Regular ready meal trays are being designed to take into account the type of meal with superior features such as added lids, double cavity trays and excellent sealing properties made from high quality polypropylene (PP) sheets

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Ready Meal Trays Market – Scope of Report:

A latest publication by Fact.MR on the global Ready Meal Trays market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2027.

Important indicators for the successful growth of the Ready Meal Trays market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Ready Meal Trays supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Ready Meal Trays, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape:

The market for ready meal trays appears to be fragmented with the existence of a number of businesses, and competition is growing fiercely with all businesses concentrating on enhancing their market position. The increase in online food delivery applications and the increased use of bioplastics are factors that are poised to provide huge opportunities for competitors. Manufacturers have conducted a number of marketing strategies to expand their geographical reaches, such as product development, mergers and acquisitions, and alliances. For example, packaging and labelling company Huhtamäki partnered with U.K. supermarket chain Waitrose & Partners to develop fiber based ready meal trays. Companies in the market for rigid plastic food trays are increasingly using bioplastics due to increasing environmental and health issues caused by the use of plastics.

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Report benefits & key questions answered

• Post covid consumer spending on Ready Meal Trays: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Ready Meal Trays demand outlook: the market intelligence study reports highlights the factor propelling the demand for Ready Meal Trays. As per the study, the demand for Ready Meal Trays will grow through 2031.
• Ready Meal Trays historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2018 and create estimates regarding the sales performance for 2019-2027.
• Ready Meal Trays consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Ready Meal Trays Market Segmentations:

·        Type

• Portioned Trays
• Perforated Trays

·        Capacity

• Upto 250 gms
• 250-500 gms
• More than 500 gms

·         Material

• Polypropylene
• Crystallized Polyethylene Terephthalate (CPET)
• Aluminum
• Other Materials (HDPE, HIPS, etc.)

End Use

• QSR and FSR
• Transportation Catering Services
• Institutional Catering Services
• Retail Sales

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

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