The Indonesia Plastic Food Tray Market size is expected to grow from USD 394.98 million in 2023 to USD 484.26 million by 2028, at a CAGR of 4.16% during the forecast period (2023-2028).
Growing restaurants, convenience stores, food suppliers, caterers, and other food suppliers, including online meal delivery services, find benefits when they move from conventional paperboard, styrofoam, and aluminum material trays to plastic trays. Ready-made meals are becoming a standard solution for contemporary individuals because of the country's socioeconomic progress and changing lifestyles, one of the primary factors driving the market for plastic meal trays. The plastic meal tray market in the country is also driven by consumer needs for conveniently available fresh food, frozen food, dried fruits, etc. Additional factors anticipated to drive the plastic meal tray market include attractive visual appearance and ease of use.
The Indonesian plastic food tray market is highly fragmented, with the presence of major players like Amcor PLC, Sonoco Products Company, Thermopak Karya Indonesia, and PT. Vacpack Indonesia, and PT. gosyen Pacific Sukses Makmur among others . Players in the market are adopting strategies such as partnerships, mergers, innovations, investments, company expansion, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In November 2022, SOPRA (PT. Solusi Prima Packaging) showcased new products and innovations to meet customers' needs at the SIAL Interfood exhibition 2022. The Thinwall Tray Sealer Machine, together with a live demonstration of the device's function, was one of the products that attracted the most attention at the exhibition. The firm anticipates that SOPRA's participation at SIAL Interfood 2022 would help forge strong bonds with new and existing consumers, bring them closer together, and foster more consumer confidence in its products. In May 2022, Sonoco advanced sustainable, flexible packaging and expanded options for sustainable, flexible packaging, which include solutions focused on recyclability, composability, and post-consumer recycled content.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook