Foam Trays Market Report 2026

The foam trays market size has grown strongly in recent years. It will grow from $2.84 billion in 2025 to $3.06 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth of quick service restaurants, expansion of food delivery platforms, increasing demand for disposable food packaging, availability of low-cost foam materials, rising consumption of packaged foods.

The foam trays market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing shift toward sustainable packaging alternatives, rising regulatory pressure on plastic usage, expansion of biodegradable foam materials, growing demand for leak-proof food containers, increasing innovation in recyclable foam packaging. Major trends in the forecast period include increasing demand for lightweight food packaging, rising use of thermal insulating packaging solutions, growing adoption in takeaway and food delivery services, expansion of food safety and hygiene packaging, enhanced focus on cost-effective packaging materials.

The growth of e-commerce is expected to drive the expansion of the foam trays market in the coming years. E-commerce, or electronic commerce, involves buying and selling goods and services online, encompassing activities such as online shopping, electronic payments, online auctions, and internet banking. It offers foam tray manufacturers a platform to access a wider, global customer base, allowing them to showcase products to businesses, retailers, and consumers alike. For example, in August 2023, according to the United States Census Bureau, e-commerce sales in the second quarter of 2023 rose by 7.5% compared to the same period in 2022, while overall retail sales increased by 0.6%. Online stores accounted for 15.4% of total sales in that quarter. Consequently, the rising adoption of e-commerce is fueling the growth of the foam trays market.

Leading companies in the foam trays market are focusing on innovative solutions, such as lightweight recyclable foam trays, to meet growing demand for sustainable packaging driven by environmental regulations and consumer preference for eco-friendly products. These trays maintain the protective and insulating properties of traditional foam trays while using less material and supporting curbside recycling programs, thereby reducing environmental impact. For instance, in July 2024, ProAmpac, a US-based packaging company, introduced its Fresh Solutions Reimagined lightweight tray. Made from specially engineered foam, the tray preserves structural integrity while reducing material usage, ensuring protection during transport. It also offers improved recyclability, moisture resistance, and durability, making it suitable for fresh produce, meat, and other perishable foods. This innovation supports sustainability goals while meeting the need for high-performance, eco-friendly packaging.

In May 2024, Breck Partners, LLC, a US-based investment firm, acquired NPX One, LLC for an undisclosed amount. The purpose of this acquisition is to utilize Breck Partners' investment to foster growth and innovation at NPX One within the food packaging sector. NPX One, LLC is a US-based company that specializes in manufacturing foam trays for fresh protein products.

Major companies operating in the foam trays market are Sealed Air Corporation, Pactiv LLC, Anchor Packaging LLC, D&W Fine Pack LLC, Genpak LLC, Berry Global Inc., Dart Container Corporation, Novipax Inc., CKF Inc., Falcon Pack Industry LLC, Huhtamaki Oyj, Sabert Corporation, Novolex Holdings Inc., Fabri-Kal Corporation, WinCup Inc., PinnPACK Packaging LLC, Dolco Packaging Corp., Fagerdala USA Inc., Foam Products Corporation, Premier Protective Packaging, Placon Corporation Inc., Coveris Holdings SA, Groupe Guillin SA, Reynolds Group Holdings Limited, Sonoco Products Company, Cascades Inc.

North America was the largest region in the foam trays market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foam trays market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the foam trays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The foam trays market consists of sales of foam tray products such as polyurethane, polyethylene and polypropylene. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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