Exhibiting the market analysis for the next 10 years, Kenneth Research has updated its database of market intelligence reports by adding ‘Oven Bags Market: Global Demand Analysis & Opportunity Outlook 2024’ which includes detailed study on future prospects that are estimated to transform the global market significantly in upcoming years. The report also covers growth opportunities and overall demand for the Oven Bags, market trends, the giant players in the industry and the strategies used by them to stay ahead of their competitors.
The global Oven Bags Market is segmented by material type of polyester and nylon; by end-use in roasting meats, seafood and others and by regions. The global oven bags market is observing a robust growth owing to increasing demand from electric ovens. Additionally, advancement in packaging industry in the past few years has developed food grade oven bags .This supports cooking without nutrition loss and other food values .This factor is projected to drive the oven bags market during the forecast period.
As per U.S. Department of Agriculture, the food expenditure by Asia Pacific countries in 2016 such as Japan, India, China and Indonesia are increasing which is rising the oven bags demand across this region during the forecast period. Indonesia has global food expenditure share by 31.4%, China has 22.5% global share, India by 30.2% and Japan by 14.2% which is expected to rise the food consumption and is anticipated to drive the oven bags market during the forecast period.
The widespread utilization of oven bags on the account of changing food consumption habits in the Asian countries. Asia Pacific is expected to witness highest growth rate during the forecast period on the account of increasing adoption of western culture coupled with the high use of electric oven during the forecast period.
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Rising Demand from Asia Pacific Countries
The changing consumer preferences regarding the food in various Asian countries coupled with rapidly growing demand for food and beverages. Additionally, changing consumer eating habits coupled with the growing dietary demands is expected to significantly impact the oven bags market during the forecast period. The oven bags market are mainly used for roasting and cooking of various meats and fishes. The high growth in meat consumption in China and other Asian countries is expected to propel the oven bags market during the forecast period. Additionally, increasing expansion of food service coupled with increasing urbanized population is driving the demand for the oven bags. Moreover, the rising demand for cost effective packing bags is expected to have positive impact on the demand of oven bags worldwide.
However, one time usability of the oven bags and increasing concern related to usage of plastic in different industrial sectors is expected to hinder the growth of oven bags market. The oven bags are not eco-friendly and its usage enhances the plastic disposals. This is expected to further hinder the market growth over the forecast period.
The report titled “Global Oven Bags Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Oven bags market in terms of market segmentation by material type, by end-use and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global oven bags market which includes company profiling of Sunkey Plastic Packaging Co. Ltd., Xiamen Threestone Packing Material Co. Ltd., Sirane Ltd., Extra Packaging Corp., Reynolds Consumer Products, Terinex LTD., Yin Tian Industrial Co. Ltd., Huangshan Sinoflex Packaging Co. Ltd., M&Q Packaging Ltd., Flexipol Packaging Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global oven bags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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