Dual Ovenable Trays and Containers Market Forecast and Segments, 2017 - 2025
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:
On the basis of application:
On the basis of product type:
Global dual ovenable trays and containers market: Regional Overview
The global dual ovenable trays and containers market has been divided into seven regions –
Asia Pacific excluding Japan (APEJ)
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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