Ready-to-eat Meals’ Popularity Continues to Drive Demand for Boil-in Bags;
The global boil-in bags market is experiencing remarkable growth and will reportedly continue to witness positive growth prospects throughout the forecast period, primarily due to the increase in the demand for ready-to-eat meals. Consumers generating higher demand for convenience foods will be driving the growth of boil-in bags market in near future. Due to a growing on-the-go lifestyle, consumers are preferring ready-to-eat meals over traditional meals to be prepared. The companies are thus manufacturing boil-in bags in such a way that they appear to be attractive and preserve products’ shelf life, taste, and texture.
Segmental Analysis: Boil-in Bags Market
Major boil-in bags material types include plastic, aluminum foil, and others. The plastic segment is further classified into cast polypropylene, polyethylene, polyesters, nylon and others. Plastic is the major material type used in the boil-in bags making. Based on appearance, the boil-in bags can be divided into transparent, opaque and printed. The institutional sales segment is expected to be the fastest growing, dominant segment by sales channel during the forecast period. Over the past few years, modern grocery retailing has been expanding rapidly in developing countries. The implications for the demand of food is primarily influenced by the extent to which modern food retailers focus which is mainly on the growing preferences of the consumers. Domestic and multinational modern grocery retailers are accounting for an expanding share of food sales in many developing countries, with potentially significant implications for food demand and trade.
On the basis of sales type, the boil-in bags market is classified into institutional sales and retail sales. Institutional sales segment is expected to dominate the global boil-in bags market by value share of 58.3%, by 2018. The boil-in bags are easily available at retail stores as they come with special vacuum seals in order to prevent moisture and air from entering the bags, and ultimately hamper the quality of food. In addition, using boil-in bags helps to preserve the flavours and taste of the food items while keeping them in a perfect state. Attributed to these advantages, a growing consumer base is inclining towards the usage of boil-in bags.
Regional Analysis: Boil-in Bags
By region, North America dominates boil-in bags market globally. North America dominates the global boil-in bags market by value and volume. U.S. is the major contributor in North America boil-in bags market. A growing number of single-person households across the world is another factor that is expected to drive the demand for boil-in bags market in this region. Europe is also identified to be a key market over the forecast period. APAC boil-in bags market is anticipated to expand at a lucrative CAGR of 8.4% during 2018-2026, led by India and China.
Key players in the global boil-in bags market include ProAmpac LLC, Universal Plastic Bag Co., UltraSource LLC, Granitol A.S., M & Q Packaging Ltd, Packit Gourmet, US Poly Pack, Synpac Limted, Shenyang Dongya Composite Packaging & Color Printing Factory, Shenzhen Ken Hung Hing Plastic Products Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Dongguan Ever-Glory Plastics Package Limited among others.
Transparency Market Research examines the global boil-in bags market for the forecast period 2018–2026. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global boil-in bags market. The report begins with an overview of the global boil-in bags market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers and restraints witnessed in the global boil-in bags market. Impact analysis of key growth drivers and restraints based on the weighted average model is also included in the report. To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by packaging size, material type, appearance, sales type, application and by region, have been assimilated to arrive at the market estimates.
The report comprises the forecast of the global revenue generated by sales of boil-in bags market. TMR triangulates the data via different analysis based on supply side, demand side, as well as dynamics of boil-in bags market. TMR not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market. In order to understand and assess opportunities of this market during the forecast period from 2018–2026, the report is categorically divided into four key sections on the basis of by packaging size, material type, appearance, sales type, application and by region. The report analyses the global boil-in bags market in terms of value (US$ Mn) and volume (Thousand Units) except for the volume of material which is estimated in terms of Tonnes. The market has been segmented as follows -
By Material Type
- Aluminum Foil
By Packaging Size
- Less than 150X240 mm
- 150X240 to 240X380 mm
- 240X380 to 380X500 mm
- More than 380X500 mm
By Sales Type
- Retail Sales
- Institutional Sales
- Frozen Foods
- Sea Food and Others
- Ready to Eat Meals
- Rice & Cereals
- Bakery & Confectionary
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
Vital feature of this report is the analysis of the global boil-in bags market by packaging size, material type, appearance, sales type, application and by region; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to provide potential resources from sales perspective of the global boil-in bags market. To understand key segments in terms of their growth and performance in the boil-in bags market, Transparency Market Research has developed a market attractive index. The resulting index should help providers identify existing market opportunities in the global boil-in bags market.
In the final section of the report, boil-in bags market competitive landscape has been included to provide a dashboard view of companies that manufacture and provide boil-in bags related services. The report contains company profiles of some of the players in the boil-in bags market. Key players in the global boil-in bags market include: ProAmpac LLC, Universal Plastic Bag Co., UltraSource LLC, Granitol A.S., M & Q Packaging Ltd, Packit Gourmet, US Poly Pack, Synpac Limited, Shenyang Dongya Composite Packaging & Color printing factory, Shenzhen Ken Hung Hing Plastic Products Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Dongguan Ever-Glory Plastics Package Limited among others.