| Product Code: ETC13182345 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Plastic Ready Meal Trays Market was valued at USD 1.8 Billion in 2024 and is expected to reach USD 2.6 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
The global plastic ready meal trays market is experiencing steady growth due to the increasing demand for convenience food products and the rise in single-serve meal consumption. These trays are lightweight, cost-effective, and offer excellent barrier properties, making them ideal for preserving food freshness. The foodservice industry, particularly airlines and quick-service restaurants, is a key driver for the market, as they prefer plastic trays for their durability and ease of handling. Additionally, the market is witnessing innovation in terms of sustainable packaging solutions, with a focus on recyclable and biodegradable materials to address environmental concerns. Asia Pacific is expected to dominate the market, driven by the growing urban population and changing lifestyle patterns. Key players in the global plastic ready meal trays market include Genpak LLC, Pactiv LLC, and Sealed Air Corporation.
The Global Plastic Ready Meal Trays Market is experiencing a shift towards sustainable and eco-friendly packaging solutions, driven by increasing consumer awareness and regulatory pressures to reduce plastic waste. Manufacturers are investing in innovative materials such as biodegradable plastics and recycled PET to meet these demands. Additionally, the convenience and on-the-go nature of ready meal trays are driving market growth, especially in urban areas where consumers seek quick and easy meal solutions. Key opportunities in the market include customization options to cater to diverse dietary preferences, expansion into emerging markets with growing disposable incomes, and partnerships with food delivery services to capitalize on the rising trend of online food ordering. Overall, the market is poised for growth as companies adapt to meet changing consumer preferences and sustainability requirements.
The Global Plastic Ready Meal Trays Market faces several challenges, including growing environmental concerns over plastic waste and the push for sustainable packaging solutions. The industry is under pressure to reduce plastic usage and increase recyclability, leading to a shift towards alternative materials such as biodegradable plastics or compostable options. Additionally, fluctuating raw material prices and stringent regulations on single-use plastics in various regions pose challenges for manufacturers in terms of cost management and compliance. The need to balance sustainability goals with cost-effectiveness while meeting consumer demand for convenience and hygiene further complicates the market landscape for plastic ready meal trays. Companies in this sector must innovate and adapt swiftly to address these challenges and stay competitive in the evolving market environment.
The Global Plastic Ready Meal Trays Market is primarily driven by the increasing demand for convenient and on-the-go food packaging solutions, especially in urban areas where consumers are leading busy lifestyles. The growing preference for ready-to-eat meals, coupled with the rise in online food delivery services, is fueling the demand for plastic ready meal trays. Additionally, the food industry`s focus on enhancing food presentation and shelf-life extension, as well as the cost-effectiveness and lightweight nature of plastic trays, are contributing to market growth. Furthermore, the shift towards sustainable and recyclable packaging materials is prompting manufacturers to develop eco-friendly plastic trays, thus driving innovation and market expansion.
Government policies related to the Global Plastic Ready Meal Trays Market primarily focus on reducing plastic waste and promoting sustainable packaging alternatives. Many countries have implemented regulations to restrict the use of single-use plastics, including plastic meal trays, in an effort to mitigate environmental impact. Governments are encouraging businesses to adopt eco-friendly packaging solutions, such as biodegradable or compostable trays, through incentives and penalties. Additionally, there is a growing emphasis on extended producer responsibility, pushing manufacturers to take responsibility for the end-of-life disposal of their products. Overall, the trend in government policies is towards promoting a circular economy approach and encouraging the adoption of more sustainable practices within the plastic tray packaging industry.
The Global Plastic Ready Meal Trays Market is expected to witness steady growth in the coming years, driven by the increasing demand for convenient and on-the-go food packaging solutions. The market is likely to be fueled by the rise in urbanization, busy lifestyles, and the growing preference for ready-to-eat meals. Additionally, the expanding food delivery services and takeaway options are anticipated to further boost the demand for plastic ready meal trays. However, sustainability concerns and the shift towards eco-friendly packaging alternatives may pose challenges for the market growth. Manufacturers are expected to focus on developing innovative, sustainable packaging solutions to cater to the evolving consumer preferences and regulatory requirements, thereby shaping the future landscape of the Global Plastic Ready Meal Trays Market.
In the Global Plastic Ready Meal Trays Market, Asia is expected to witness significant growth due to the increasing demand for convenience foods and the growing population in countries like China and India. North America is projected to dominate the market, driven by the high consumption of ready meals and the presence of key players in the region. Europe is anticipated to show steady growth, fueled by the rising trend of on-the-go food consumption and busy lifestyles. The Middle East and Africa region is likely to experience moderate growth due to the growing urbanization and changing dietary habits. Latin America is expected to see a surge in demand for plastic ready meal trays, attributed to the increasing penetration of supermarkets and the rising disposable income levels in the region.
Global Plastic Ready Meal Trays Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Plastic Ready Meal Trays Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Plastic Ready Meal Trays Market Revenues & Volume, 2021 & 2031F |
3.3 Global Plastic Ready Meal Trays Market - Industry Life Cycle |
3.4 Global Plastic Ready Meal Trays Market - Porter's Five Forces |
3.5 Global Plastic Ready Meal Trays Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Plastic Ready Meal Trays Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Global Plastic Ready Meal Trays Market Revenues & Volume Share, By Molding Technology, 2021 & 2031F |
3.8 Global Plastic Ready Meal Trays Market Revenues & Volume Share, By Tray Type, 2021 & 2031F |
3.9 Global Plastic Ready Meal Trays Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Global Plastic Ready Meal Trays Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Plastic Ready Meal Trays Market Trends |
6 Global Plastic Ready Meal Trays Market, 2021 - 2031 |
6.1 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Polypropylene (PP), 2021 - 2031 |
6.1.3 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Polyethylene Terephthalate (PET), 2021 - 2031 |
6.1.4 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Others (HIPS, HDPE, etc.), 2021 - 2031 |
6.2 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Injection Molding, 2021 - 2031 |
6.2.3 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Thermoformed Molding, 2021 - 2031 |
6.3 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Single Cavity, 2021 - 2031 |
6.3.3 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Multi Cavity, 2021 - 2031 |
6.4 Global Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Food Producers & Processors, 2021 - 2031 |
6.4.3 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Restaurants, 2021 - 2031 |
6.4.4 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Catering Services, 2021 - 2031 |
6.4.5 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Food Courts (In malls, Airports, Multiplexes, Railways, etc.), 2021 - 2031 |
6.4.6 Global Plastic Ready Meal Trays Market, Revenues & Volume, By Online Food Delivery, 2021 - 2031 |
7 North America Plastic Ready Meal Trays Market, Overview & Analysis |
7.1 North America Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
7.2 North America Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
7.4 North America Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
7.5 North America Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
7.6 North America Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 Latin America (LATAM) Plastic Ready Meal Trays Market, Overview & Analysis |
8.1 Latin America (LATAM) Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
8.4 Latin America (LATAM) Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
8.6 Latin America (LATAM) Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 Asia Plastic Ready Meal Trays Market, Overview & Analysis |
9.1 Asia Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
9.4 Asia Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
9.5 Asia Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
9.6 Asia Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Africa Plastic Ready Meal Trays Market, Overview & Analysis |
10.1 Africa Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
10.4 Africa Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
10.5 Africa Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
10.6 Africa Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Europe Plastic Ready Meal Trays Market, Overview & Analysis |
11.1 Europe Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
11.4 Europe Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
11.5 Europe Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
11.6 Europe Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Middle East Plastic Ready Meal Trays Market, Overview & Analysis |
12.1 Middle East Plastic Ready Meal Trays Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Plastic Ready Meal Trays Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Plastic Ready Meal Trays Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Plastic Ready Meal Trays Market, Revenues & Volume, By Material, 2021 - 2031 |
12.4 Middle East Plastic Ready Meal Trays Market, Revenues & Volume, By Molding Technology, 2021 - 2031 |
12.5 Middle East Plastic Ready Meal Trays Market, Revenues & Volume, By Tray Type, 2021 - 2031 |
12.6 Middle East Plastic Ready Meal Trays Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Global Plastic Ready Meal Trays Market Key Performance Indicators |
14 Global Plastic Ready Meal Trays Market - Export/Import By Countries Assessment |
15 Global Plastic Ready Meal Trays Market - Opportunity Assessment |
15.1 Global Plastic Ready Meal Trays Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Plastic Ready Meal Trays Market Opportunity Assessment, By Material, 2021 & 2031F |
15.3 Global Plastic Ready Meal Trays Market Opportunity Assessment, By Molding Technology, 2021 & 2031F |
15.4 Global Plastic Ready Meal Trays Market Opportunity Assessment, By Tray Type, 2021 & 2031F |
15.5 Global Plastic Ready Meal Trays Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Global Plastic Ready Meal Trays Market - Competitive Landscape |
16.1 Global Plastic Ready Meal Trays Market Revenue Share, By Companies, 2024 |
16.2 Global Plastic Ready Meal Trays Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |