Bakeable Trays Market
Bakeable trays or direct-to-oven trays are mostly made from corrugated paper, which is both waterproof and heat-resistant. These trays are designed for shipping and baking of food products on the same tray, which makes it more efficient than traditional baking trays. Most of the manufacturers offer bakeable trays with a high gloss P.E.T. laminate. These trays can be baked at temperatures up to 220ºC
Key players in the market are adopting various strategies such as product launches in order to expand their product portfolio and strengthen their market presence. For instance, Multivac is the leading manufacturer worldwide of thermoforming packaging machines for food processing. In 2016, Multivac Inc. launched dual ovenable Mylar BAKE film coated product range. The product is designed for cooking meat and has self-venting property, which increases its shelf life.
Market Dynamics
Among product type, the single corrugated bakeable trays segment is expected to account for a significant share over the forecast period. Single corrugated trays are used for baking and shipping of goods. This trays offer time & money saving alternative for conventional baking pans.
Among application, the food & beverages segment is expected to witness significant growth over the forecast period. Growth of bakery and convenience food products is expected to increase the demand for bakeable trays. For instance, according to Germany Trade & Invest (GTAI), Germany’s Revenue in the Bread & Bakery Products segment amounts to US$ 31.86 bn in 2023. The market is expected to grow annually by 2.94% (CAGR 2023-2030). According to the same source, Germany’s convenient food market was valued at US$ 10.79 bn in 2023, which has increased by 4% between 2013 and 2017.
Asia Pacific is expected to account for a significant market share over the forecast period. Increasing disposable income and changing lifestyle patterns has led to increasing demand for convenience or ready to eat food products. For instance, according to World Bank Group, the per capita income in Asia Pacific region was US$ for 2021 was 13,042, a 13.65% increase from 2020.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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