Global Oven Bags Market was valued at US$ 2.17 Bn in 2019 and is expected to reach US$ 4.1 Bn by 2027, at a CAGR of 8.28% during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Oven Bags Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Oven Bags Market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on the material type, nylon segment is expected to drive the global oven bag market growth in the forecast period. The growing popularity of nylon oven bags owing to using these type bag easily meal prepared with only one pan. Roasting meats segment is estimated to hold the largest share in the global oven bag market. Global oven bags market is driven by the roasting meat due to bags are specifically popular among consumers to trap the roast moisture and natural juices infusing. Seafood is estimated to generate the highest CAGR in the global oven bag market during the forecast period.
Increasing innovation of products is leading the oven bag market growth during the forecast period. Growing need to reduce fossil fuels, which is not eco-friendly is increasing awareness regarding utilization of electric ovens is projected to boost the oven bag market growth across the globe. Rising usage of oven bags among consumers across the globe owing to they are convenience and good for food preservation is surging the oven bag market growth in the forecast period. The growing trend of the smart home is expected to drive the oven bag market growth in a positive way during the forecast period. Increasing demand for convenient packaging solutions across the globe is driving the global oven bags market growth in a positive way. Rising awareness among consumers regarding benefits of oven bag such as safe to use is expected to propel the market growth in the forecast period. The growing popularity of oven bag among consumers across the globe due to food is cooked faster than conventional methods and do not have cleaning issues is surging the oven bag market growth.
Oven bag has features such as easy to use, keep food moist, and maintain the food nutrition values are booming the oven bag market growth. The rising popularity of microwave ovens among consumers is influencing the global oven bag market growth. Growing usage of oven bag as a cooking bag for roasting food such as meat, seafood, and other food products. In addition, the rising disposable income of consumers, rapid urbanization, and improving living standards of consumers are other driving factors of the oven bags market growth. There has been great growth in the consumption of meat in Asian regions is expected to boom the oven bags market growth in the forecast period.
Global Oven Bags Market growth is increasing due to the influence of western culture, resulting in a shift of consumer preferences from traditional to modern cooking methods. In addition, the various properties of oven bags include thermal durability, stability, and retain food nutrition is expected to lead the market growth in the forecast period. However, oven bags are not maintainable and can be used only once, high complexity in microwave, and concerns regarding waste management these factors are expected to hamper the market growth during the forecast period. Moreover, health hazards due to the usage of oven bag are also expected to restraints the market growth.
North America is estimated to hold the largest share in the oven bag market during the forecast period. Wide usage of an oven for roasting of various food items on daily basis is expected to boost the oven bag market growth in the near future in this region. Increasing innovations in products are also expected to drive the oven bag market growth in this region. Asia Pacific is estimated to generate the highest CAGR during the forecast period. Changing the lifestyle of people in the Asia Pacific is the key factor impacting the growth of the market. India and China are anticipated to boom the market growth owing to rising affordability of middle-class population, increasing GDP, and increasing influence of western culture. In addition, changing food habits among consumers and meat consumption is fuelling the oven bag market growth in this Asia Pacific. In addition, South America is estimated to boost the oven bag market growth due to growing usage of the microwave oven.
The Scope of the Report Oven Bags Market
Global Oven Bags Market, by Material Type
• Polyester
• Nylon
• Others
Global Oven Bags Market, by End Use
• Seafood
• Roasting meats
• Others
Global Oven Bags Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Oven Bags Market
• Flexipol Packaging Limited
• Sunkey Plastic Packaging Co. Ltd.
• Xiamen Threestone Packing Material Co. Ltd.
• Sirane Ltd.
• Extra Packaging Corp.
• Reynolds Consumer Products
• Terinex LTD.
• Yin Tian Industrial Co. Ltd.
• Huangshan Sinoflex Packaging Co. Ltd.
• M&Q Packaging Ltd.
• S. C. Johnson & Son
• Sealed Air Corporation
• Mondi Group
• Berry Global Group, Inc.
• The Clorox Company, Bemis Company, Inc.
• Gr. Sarantis SA
• The Schur Flexibles Group
• FFP Packaging Ltd
• Planit Products Ltd.
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