Dual Ovenable Trays and Containers Market Forecast and Segments, 2017 - 2025

Ovens have rapidly found their places in households and are an integral part of kitchen appliances. The variety of functions performed by ovens, such as roasting, baking, and heating requires different radiation emissions and temperatures, not all of which can be resisted by traditional containers and trays. The preference for dual-ovenable trays and containers is high, and is anticipated to remain that way over the forecast period. This is attributed to their ability to withstand high heat and radiation emissions without damaging the food inside. Also, dual ovenable kitchenware eliminate the need to have separate trays and containers for conventional and microwave ovens, and hence reduce expenses on kitchenware. It is considered a safe and clean means to eat food, and it also prevents spoilage. Hence, it has a natural appeal to the modern consumer. It is anticipated that the global dual ovenable trays and containers market will grow with the increase in the size of middle class population, and the introduction of new and improved varieties in the market.

Global dual ovenable trays and containers market: Market Dynamics

The global dual ovenable trays and containers market is expected to grow on the backdrop of bakery, frozen food, and ready to eat food industry. The evolution of food consumption patterns is known to be a spontaneous process. The ongoing shift towards a fast paced lifestyle in developing countries has led to more and more people preferring ‘take away’ food. Similarly, the bakery industry has seen growth in the past few decades. For instance, according to the American Bakers Association, the baking industry generates over US$ 44 Bn in the US, annually. The growth of the food retail sector along with the introduction of new varieties on ovenable trays and containers, combined with the increasing number of middle class population, is expected to act as drivers for the global dual ovenable trays and containers market. Therefore, the global dual ovenable trays and containers market is anticipated to register steady growth with a healthy CAGR, over the forecast period.

Despite the impressive growth and outlook, there are some potential hindrances to the global dual ovenable trays and containers market, such as, fluctuating raw material prices, and stringent government policies regarding the safety of the material used for kitchenware.

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Global dual ovenable trays and containers market: Segmentation

The global dual ovenable trays and containers market has been segmented based on the variety of products made available in the market, as follows: -

On the basis of material type:

PE
PET
CPET
APET
PP
Others

On the basis of application:

Frozen food
Refrigerated food
Bakery
Institutional
Food service
Prepared meats
Case ready
Retail
Others

On the basis of product type:

Trays
Ovals
Bowls
Others

Global dual ovenable trays and containers market: Regional Overview

The global dual ovenable trays and containers market has been divided into seven regions –

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan, and
Middle East & Africa (MEA)

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North America, being a mature market lead the global dual trays and containers market in terms of value and volume. The growth in regions with mature markets such as, North America, and the European market is expected to be lower than that of APEJ, Latin America and other regions with a significant number of developing countries. The North America, European, and Japanese dual ovenable trays and containers market is expected to be driven largely by advancements in microwave technology, thereby increasing the need for improved ovenable kitchenware, whereas the market in regions such as APEJ, is expected to be driven by growth of the retail sector.

Global dual ovenable trays and containers market: Key Players

Few of the key players in the market are – Southern Cross Packaging, Bemis Company, Inc., Genpak, LLC,Sealed Air Corporation, and Anchor Packaging Australia etc.

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This release was published on openPR.