Across the globe, the demand for convenience in day-to-day life has transformed the packaging market as consumers who are vastly leading busy lifestyles are likely to have a greater influence on the packaging industry than any other existing factor. Attributes such as convenience in storage & handling and ease in usage have largely affected the usage of packaging. Dual Ovenable trays & containers are one of the most influential packaging solutions that have emerged in the past few years. Consumers are readily attracted by the features of ovenable trays as they are suitable for direct use in microwave ovens. They offer the convenience of directly cooking food by putting it in an oven or microwave without affecting quality and taste. Today, the most commonly used packaging format for ovenable packaging is trays. It keeps the oven clean and preserves the food contained in it.

dual ovenable packaging

The extraordinary rise in the consumption of ready-to-eat meals is driving the demand for ovenable packaging solutions globally. Several FMCG companies are opting for innovative packaging solutions such as ovenable bags, trays, and bowls, among others for their ready-to-eat meal products to attract consumers. These containers offer a convenient cooking process and a low preparation time for fast food. Also, the hassle-free operation and easy clean-up of the microwave after cooking is an added advantage. Ready-to-eat meals that can be put in ovenable packaging include meat, poultry, seafood, and various pre-prepared dishes. The widespread application of ready-to-eat meals in ovenable packaging is creating the need for further innovation in the ovenable trays and containers market.

On the basis of material type, the dual-ovenable trays & containers market is segmented into paperboard, C-PET, A-PET, PP, PE, and others. The C-PET segment is expected to dominate the market throughout the forecast period with an estimated market share of 88.7% in 2018. The PP segment is estimated to register a CAGR of 3.3% during the forecast period. The paperboard segment is expected to create an incremental $ opportunity of US$ 28.8 Mn during the forecast period. The C-PET segment is estimated to register a value of US$ 1,378.4 Mn in 2018 and is expected to reach 1,789.4 Mn during the forecast period. The others segment is estimated to register a CAGR of 2.0% during the forecast period.                                       

North America is estimated to account for the largest share of the dual-ovenable trays & containers market due to high adoption of ready-to-eat meals.  Europe is expected to hold the second-largest market share in dual-ovenable trays & containers market as the region has the highest per-capita consumption of packaging. The MEA region is estimated to hold a small percentage of the market, however, it is expected to exhibit rapid growth during the forecast period. Growth of the dual-ovenable trays & containers market in Latin America is expected to be moderate during the forecast period.

Some of the key players in the global dual-ovenable trays & containers market include Færch Plast A/S; Sealed Air Corporation; Bemis Company, Inc.; DuPont Teijin Films U.S. Limited Partnership; Sabert Corporation; Genpak, LLC; Sonoco Products Company; Pactiv LLC; Evergreen Packaging, Inc.; Oliver Packaging & Equipment Co.; Portage Plastics Corporation; MCP Performance Plastic Ltd.; Plastic Package, Inc.; Point Five Packaging LLC; CiMa-Pak Corporation; PinnPACK Packaging LLC; PAC Food Pty Ltd.; and Sanplast Ltd.

Transparency Market Research examines the global dual-ovenable trays & containers market during 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 about various segments of the global dual-ovenable trays & containers market.

The report begins with an overview of the global dual-ovenable trays & containers market by evaluating market performance regarding revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global retail as well as dual-ovenable trays & containers market. Weighted average pricing analysis of the dual-ovenable trays & containers market based on product type 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 product type, material type, and by end use have been assimilated to arrive at the market estimates. The report comprises a forecast of the global revenue generated by the sales of dual-ovenable trays & containers market across the retail industry.

TMR triangulates data via a different analysis based on the supply side, demand side, as well as the dynamics of the dual-ovenable trays & containers 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 recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of product type, material type, end use industry, and region. The report analyzes the global dual-ovenable trays & containers market in terms of value (US$ Mn) and volume (thousand tons).

The market has been segmented as follows –

By Product Type

  • Trays
  • Bowls
  • Clamshells
  • Lids

By Material

  • Paperboard
  • C-PET
  • A-PET
  • PP
  • PE
  • Others

By End Use

  • Meat, Seafood, and Poultry
  • Snacks Food
  • Ready-to-Eat Meals
  • Frozen Food
  • Bakery Products
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

A vital feature of this report is the analysis of the global dual-ovenable trays & containers market by region, by product type, by material type, and by end use, 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 the sales perspective of the global dual-ovenable trays & containers market.

To understand key segments in terms of their growth and performance in the dual-ovenable trays & containers market, Transparency Market Research has developed a market attractiveness index. The resulting index is expected to help providers identify existing market opportunities in the global dual-ovenable trays & containers market.

In the final section of the report, a competitive landscape of the market has been included to provide a dashboard view of companies that manufacture and provide dual-ovenable trays & containers. The report contains company profiles of some of the prominent market players.

Some of the key players in the global dual-ovenable trays & containers market include Færch Plast A/S; Sealed Air Corporation; Bemis Company, Inc.; DuPont Teijin Films U.S. Limited Partnership; Sabert Corporation; Genpak, LLC; Sonoco Products Company; Pactiv LLC; Evergreen Packaging, Inc.; Oliver Packaging & Equipment Co.; Portage Plastics Corporation; MCP Performance Plastic Ltd.; Plastic Package, Inc.; Point Five Packaging LLC; CiMa-Pak Corporation; PinnPACK Packaging LLC; PAC Food Pty Ltd.; and Sanplast Ltd.

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