GLOBAL FOAM TRAYS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In August 2023, Clearly Clean launched recyclable food trays for patties and meatballs
• In February 2022, Tekni-Plex launched foam polypropylene food trays
• In April 2021, Berry Global Group, Inc. Announced its continued investments in access to circular polyolefins from advanced recycling to support customer sustainability goals. Berry global would use polypropylene from chemical recycling to manufacture food packaging for longtime global brand owners, creating a package made exclusively from resins made from chemical recycling.
• In December 2020, Atlas Holdings sold Novipax, a top U.S.-based absorbent pads producer, to ACON Investments, L.L.C., a global private equity firm in Washington, DC. The trays business, now NPX ONE, was excluded from the deal. NPX ONE, comprising the tray manufacturing sites in Indianapolis, IN, and Reading, PA, will operate independently. The new company's headquarters will be in Reading, U.S.