This Oven Bag market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Oven Bag market.
Packaging products specifically addressed to consumer usage are inculcating convenience and high performance into their functioning. Oven bag is a high heat resistant bag made up of polyester or nylon meant for single usage. Oven bag is used for cooking of food in the microwave oven. Oven bags provide moisture retention utility to food cooked in microwave ovens which is a common issue faced by consumers using microwave ovens. Oven bag is extensively used in western countries primarily for its ability to keep the food moist even while cooking. Oven bag is preferred by the consumers as it saves the efforts for cleaning the microwave after cooking.
Oven Bag Market: Drivers & Opportunities
Flexible packaging is a rapidly growing segment in the packaging industry driving its growth through various innovations to fit for wide range of applications in packaging. The flexible packaging is estimated to be about US$ 230 billion and is expected to grow at a CAGR of 3% over the forecast period. The change in the consumer lifestyle in the APEJ region is the key factor for driving the demand for oven bag market. The increasing western culture influence and rapid urbanization the people are shifting from traditional method to modern method of cooking hence contributing to the growth of oven bag market. The increase in meat consumption in the Asian region is another factor supporting the demand for oven bag market. The safety offered by using microwave against the traditional cooking methods from burn injuries is an aspect influencing the growth of oven bag market. The fossil fuels like LPG are neither endless nor completely environment-friendly, so the increased use of electric oven can provide new opportunities for growth for oven bag market over the forecast period. Consumer has preference for the oven bag not only because it is cheap and easily available but also for the convenience that oven bag offer to their users and their property of preserving the flavor of the food
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However, oven bag being a onetime use product is not a sustainable form of packaging which may hinder the growth of the oven bag market. The concern of the authorities over the increasing plastic waste may hamper the growth of the oven bag market. The misconception of food becoming radioactive after being prepared in a microwave can resist the growth of oven bag market. The complexity involved with the electric oven for which type of material to use inside the oven is another factor countering the growth of the oven bag market as markets in APEJ region are not aligned with the use of a microwave.
Oven Bag Market: Regional Outlook
Regionally global oven bag market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
North America is expected to lead the oven bag market owing to the extensive use of the oven and the cultural activities like roasting a turkey on thanks giving day. Eastern and Western Europe is also expected to hold a major portion of oven bag market attributed to the high consumption of the meat in the region. APEJ region can experience strong growth over the forecast period due to rapid urbanization and increasing urban influence in the region.
Oven Bag Market: Key Players:
Some key players of oven bag market are Flexipol Packaging Limited, Extra Packaging Corp, Sunkey Plastic Packaging Co., Ltd, Sirane Ltd, Terinex LTD, Yin Tian Industrial Co., Ltd, M&Q Packaging Ltd, Xiong Xian Xinhuarui Plastic Co Ltd, Huangshan Sinoflex Packaging Co. Ltd, Reynolds Consumer Products, Xiamen Threestone Packing Material Co. Ltd, and Sealed Air Corp.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Oven Bag Market: Segmentation
Oven bag market is segmented by the type of material used and by the end use.
Based on the type of material used, Oven bag market is segmented into:
- Polyester
- Nylon
Based on the end use, Oven bag market is segmented into:
- Roasting meats
- Whole chickens
- Pork
- Beef
- Lamb
- Fish
- Seafood
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What will you discover from Oven Bag Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Oven Bag Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Oven Bag Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Oven Bag Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)