Boil-in-bag Market: Introduction
Over the last two decades, the global food industry has gone through vast changes in terms of consumer preferences. Demand for ready-to-use food is gaining momentum, which in turn is expected to create demand for enhanced food packaging solutions. Boil-in-bags are a form of packaging food products such that the bagged food is heated/cooked in boiling water. The global boil-in-bag market is expected to register significant growth, owing to changing lifestyle of the people and increasing adoption of new and attractive packaging formats among larger consumer group. Also, consumers are inclined to adopt ready-to-eat foods that in turn drive sales revenue of boil-in-bags in the near future.
Boil-in-bag: Market Dynamics
The global boil-in-bag market is driven by increasing growth of the frozen food industry that in turn is leading to growth of the boil-in-bag market during the forecast period. Also, increasing disposable income, coupled with the changing lifestyles of the global population are factors expected to fuel demand for boil-in-bag in the ten years. Other factors such as busy schedule of individuals in urban cities and growth of the corporate sector are expected to propel growth of the global boil-in-bag market in the near future. Moreover, increasing consumers of ready-to-eat foods instead of traditional food, is one of the primary factors, which is expected to boost growth of the global boil-in-bag market during the forecast period. Furthermore, boil-in-bags are used to keep prepared foods and consumers can place it into boiling water. It is also one of the reasons, which is expected to drive sales of boil-in-bags in the near future. In addition, temperature resistant property of the product is a factor which is expected to have a positive impact on the sales of boil-in-bag during the forecast period. Water is less required for using boil-in-bags, which is an additional benefit that is anticipated to positively influence sales of boil-in-bags. However, increasing awareness of environment friendly products is expected to hinder growth of the global boil-in-bag market in the near future.
Boil-in-bag: Market Segmentation
The global boil-in-bag market is segmented on the basis of material type, feature and food
On the basis of material type, the boil in bag market is segmented into:
- Biodegradable Plastic
- Aluminum Foil
- Super absorbent crystals
- Super absorbent polymers
On the basis of food, the global boil in bag market is segmented into:
- Frozen Food
- Meat & Poultry
- Sea Food
- Ready to eat meals
- Fresh Produce (Vegetables)
- Bakery & Confectionary
Boil-in-bag Market: Regional outlook
In terms of geography, the global boil-in-bag market has been divided into five key regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is expected to maintain its dominance as compared to the market in other regions. The markets in Europe and Latin America are also expected to witness healthy growth during the forecast period. The market in Asia Pacific is expected to be the fastest growing market, owing to increasing disposable income, coupled with growing adoption of western culture are factors expected to fuel growth of the boil-in-bag market during the forecast period. Middle East & Africa market is expected to witness slow growth as compared to the market in other regions during the forecast period.
Boil-in-bag Market: Key Players
Some of the key players in the global boil-in-bag market are Ampac Holdings, LLC, Granitol, Mars Incorporated, PACKIT GOURMET LLC, Morrisons, Riviana Foods Inc., etc. Key players are emphasizing on mergers and acquisitions with local players to increase their product portfolio and penetrate their business into emerging countries.
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