Global Foam Trays Market to Exhibit 3.2% CAGR; Focus of Vendors on Development of Sustainable Products to Decide Market's Future Course of Expansion - TMR
The global market for foam trays is largely fragmented and companies are operating amid an immense level of competition. According to a recent report by Transparency Market Research, the leading three vendors, namely Pactiv LLC, Genpak LLC, and Sealed Air Corporation, collectively accounting for nearly 40% of the market in 2014. Competition is especially severe in regional markets where a large number of unorganized players command a prominent position in local markets with the help of inexpensive products.
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