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Boil In Bags Market Report
Boil-In Bags Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
The Boil-In Bags Market is projected to grow from USD 371.39 million in 2021 to USD 539.48 million by 2028 at a CAGR of over 5.44% during the forecast period of 2022-2028.
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.
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.
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.
Key players operating in the boil-in bags market are-
Here is the list of the group of customers that the boil-in bags market hopes to have the greatest opportunity to convert-
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 2021. 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 2021 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.
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Market Segmentation |
4 |
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Regions Covered |
5 |
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Countries/Subregions Covered |
16 |
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Figures & Tables |
>90 |
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Company Profile |
10 |
The market is segmented in the following ways:
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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The following are the key features of the report:
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The boil-in bags market is expected to witness an impressive growth of 5.44% 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 539.48 million in 2028.
The frozen food segment accounted for a significant share in the boil-in bags market in 2021.
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.
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