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Dual-Ovenable Trays & Containers Market is set to Expand at CAGR 3.3% by 2026
According to the latest market report published by Transparency Market Research titled 'Dual-Ovenable Trays & Containers Market: Global Industry Analysis and Forecast 2018-2026," the global dual-ovenable trays & containers market is estimated to be valued at US$ 1,554.5 Mn in 2018 and is expected to grow at a CAGR of 3.3% during the forecast period (2018-2026).Request PDF Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26543
The global dual-ovenable trays & containers market has witnessed lucrative growth during the past few decades owing to increase in the demand for convenient packaging solutions. The global dual-ovenable trays & containers market by product type has been segmented into trays, bowls, clamshells, and lids.
By material type, the global dual-ovenable trays & containers market is segmented into paperboard, C-PET, A-PET, PP, PE, and others. Among material type segments, the C-PET segment is expected to dominate the market throughout the forecast period with an estimated market share of 88.7% in 2018. The A-PET segment is estimated to register a CAGR of 2.8 % during the forecast period. The C-PET segment is expected to create an incremental $ opportunity of US$ 411.0 Mn during the forecast period. This segment is estimated to register a value of US$ 1,378.4 Mn in 2018 and is expected to reach 1,789.4 Mn during the forecast period. The others segment is estimated to register a CAGR of 2.1 % during the forecast period.
By end use, the dual-ovenable trays & containers market is segmented into meat, seafood, and poultry, snacks food, ready-to-eat meals, frozen food, bakery products, and others. Among end-use segments, the ready-to-eat meals segment is estimated to dominate the market during the forecast period with an estimated market value of 47.1% in 2018. This segment is expected to create an incremental $ opportunity of US$ 243.3 Mn during the forecast period. The frozen food segment is estimated to reach an estimated market value of 25.0% in 2026.
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Among geographic market segments, the North America region is anticipated to lead the global dual-ovenable trays & containers market during the forecast period. North America is projected to register a CAGR of 3.3% by value during the forecast period.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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