The competitive landscape of the global boil in bags market is fragmented with the presence of several players, says Transparency Market Research (TMR). Some of the key players profiled in the Boil-in Bags Market are Shenzhen Dingqi Pack Co. Limited, Shenzhen Ken Hung Hing Plastic Products Co. Ltd., and Synpac Limited.
These players are focusing towards the product innovation,
use of biodegradable packaging items and business expansion to strengthen their
foot hold in the boil in bags market.
As per a report by TMR, the global boil in bags market is
projected to touch a valuation of US$ 187.5 mn by the end of 2026. The market
is anticipated to rise at a CAGR of 6.1% during the forecast period. In the
years 2017, the market analyst recorded opportunities in terms of volume in the
global boil in bags market at US$ 240 mn in 2017.
On the basis of region, Asia pacific is projected to hold
highest share of the boil in bags market during the forecast period. This is
mainly due to the blooming instant food industry in the region. Further,
presence of several key players in the region is another factor expected to
take this region on the growth trajectory. Further based on material type,
Polyethylene segment is likely to dominate the global boil in bags market over
the forecast period. This is mainly due to the easy accessibility and
temperature resistance properties of the product segments.
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Need to Reduce Cooking Time to Offer Competitive
Advantages
The global boil-in bags market is projected to experience a
remarkable growth during the forecast period. This is mainly due to the
flouring instant food market across the globe.
Boil-in-bag is a special form of packaging that are used to
cover instant cooked food. A consumer has to just put hot water in the packaged
food to directly cook item stored.
Factors like changing consumer food reference, growing
working population of female employees, need to reduce cooking time are some of
the prominent factors expected to drive the global boil in bags market in the
coming few years.
However, factors like lower nutrition level in instant cook
food, stringent FDA approval and rise in number of health conscious population
is a major factor projected to bolster growth in the global boil in bags market
in the coming few years. In addition to this, rising awareness among consumers
regarding use of environment friendly products may hinder global boil-in-bag
market growth in the coming years due to the non-biodegradable nature of
plastic and polyethylene boil-in-bags.
Continuous Innovation by Manufacturers to Offer Lucrative
Gains
Increasing use of boil in bags packaging for frozen foods is
considerably accelerating the boil in bags market. Frozen foods are
increasingly used in restaurants and hotel owing to the long shelf life. This
in turn, is likely to propel product demand and boost boil-in-bag market size
in the near future.
Further, continuously investing in research and development activated
to improve functioning of boil in bags packaging is expected to take product
innovation to a higher level. This is expected to make player design packaging
that attract existing customers and new customers, hence offering a competitive
gain to players. Moreover, many packaged and frozen foods manufacturing
companies are increasingly launching their products in new boil-in-bag
The above information is derived from TMR’s report titled,
“Boil-in Bags Market (Material Type – Plastic, Aluminum Foil, Others;
Appearance – Transparent, Opaque, Printed; Packaging Size – Less than 150X240
mm, 150X240 to 240X380 mm, 240X380 to 380X500 mm, More than 380X500 mm; Sales
Type – Retail Sales, Institutional Sales; Application – Frozen Food,
Ready-to-eat Meals, Rice and Cereals, Bakery and Confectionary, Others) –
Global Industry, Size, Share, Growth, Trends and Forecast 2018 – 2026.”
The boil in bags market has been segmented as follows –
Material Type
- Plastic
- CPP
- Polyethylene
- Polyesters
- Nylon
- Others
- Aluminum
Foil
- Others
Appearance
- Transparent
- Opaque
- Printed
Packaging Size
- Less
than 150X240 mm
- 150X240
to 240X380 mm
- 240X380
to 380X500 mm
- More
than 380X500 mm
Sales Type
- Retail
Sales
- Institutional
Sales
Application
- Frozen
Foods
- Meat
- Poultry
- Sea
Food and Others
- Ready
to Eat Meals
- Rice
& Cereals
- Bakery
& Confectionary
- Others
Region
- North
America
- Latin
America
- Europe
- Asia
Pacific (APAC)
- Middle
East and Africa (MEA)
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