Boil-In Bags Market to Witness Impressive Growth
Stratview Research delivers key insights on the global Boil-In Bags Market. According to Stratview Research, the market is segmented By Material (Plastic, Aluminium Foil, Others), By Appearance (Transparent, Opaque, Printed), By Application (Frozen Food, Meat, and Poultry, Sea Food, Others) and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall 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.
Market Segments' Analysis
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.
Key Players
The following are some of the key players in the Boil-In Bags Market:
· 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)
· Shenzhen Dingqi Pack (China).
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Boil-In Bags Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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