Boil In Bags Market Report
Boil-In Bags Market Trends, Dynamics & Market Insights See less
Boil-In Bags Market Trends, Dynamics & Market Insights
Boil-In Bags Market, By Material (Plastic, Aluminium Foil, Others), By Appearance (Transparent, Opaque, Printed), By Application (Frozen Food, Meat, and Poultry, Sea Food, Others) and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global boil-in bags market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Boil-In Bags Market, By Material (Plastic, Aluminium Foil, Others), By Appearance (Transparent, Opaque, Printed), By Application (Frozen Food, Meat, and Poultry, Sea Food, Others) and Region - COVID-19 Impact Analysis and Forecas...
The Boil-In Bags Market is projected to grow from USD 351.2 million in 2020 to USD 481.9 million by 2026 at a CAGR of over 5.5% during the forecast period.
The term, boil-in bags, also known as vacuum-sealed food bags are bags in which the bagged food is cooked or heated in boiling water. Rice, fish, ham, zucchini, veal shank, and salmon, among other foods, can be cooked in boil-in bags. These are also widely used for roasting food products such as meat in an oven.
Key players operating in the boil-in bags market are-
Consumers gradually shifting their preference from conventional to ready-to-eat meals are a key factor augmenting the product demand. In addition, due to busy lifestyles and time constraints, consumers have less time to cook foods, which further boosts the market growth. Moreover, precooked and convenience foods, thus, cater to their purpose, which spurs the boil-in bags market growth. Also, increasing demand for higher flexibility, high-temperature boil-in bags, and affordability of such bags, and their property of preserving the stored food for a long time further bolsters the industry growth.
By application, the boil-in bags market has been classified into frozen food, meat and poultry, seafood, and others. Under these, the frozen food segment accounted for a significant market share in 2020. The frozen food segment growth s mainly driven by consumers' need for prepared and ready-to-eat food due to time constraints which are likely to promulgate the demand for packaged food such as breakfast food items, cereals, meat & eggs, and seafood, thus bolstering the segment growth.
By region, the market in the Asia Pacific accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is mainly ascribed to the increasing socio-economic factors coupled with the adoption of western culture of packaged foods by Asia Pacific consumers. Moreover, the rising spending pattern of people in countries mainly India, China, Malaysia, South Korea, Sri Lanka, and Thailand, further proliferates regional growth.
The COVID-19 outbreak moderately affected the growth of the boil-in bags market. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly which has resulted in supply chain disruption. Although, the food & beverages sector was less affected and there was a strong need for convenience foods, which spurred the market growth amid the pandemic. However, as people were stuck in their homes, they cooked fresh food for themselves, which affected the boil-in bag's product demand.
Here is the list of the group of customers that the boil-in bags market hopes to have the greatest opportunity to convert-
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The boil-in bags market is expected to witness an impressive growth of 5.5% CAGR in the coming years.
ProAmpac (US), UltraSource, Granitol (Czechia), M and Q Packaging, Packit Gourmet, US Poly Pack, Synpac (UK), Shenyang Dongya Composite Packaging and Color printing factory (China), Shenzhen Ken Hung Hing Plastic Products (China), and Shenzhen Dingqi Pack (China) are among the key players in the boil-in bags market.
The boil-in bags market size is expected to reach USD 481.9 million in the foreseeable future.
The frozen food segment accounted for a significant share in the boil-in bags market in 2020.
Asia-pacific is expected to grow at a significant CAGR in the boil-in bags market in the next five years.
Boil-In Bags distributors, Boil-In Bags suppliers, Boil-In Bags manufacturers, Logistics organizations, Government bodies are the target audience in the boil-in bags market.