Published on : Jan 31, 2020
The growth of new bakery products, thanks to rise in culinary cultural exchange, and growth of the new cost-effective bakery products are expected to drive growth of the global ovenable trays market. Additionally, new bakery products with direct package-to-oven bakery products are helping with the scalability of bakery products in return. While, bakeable trays isn’t itself a new phenomenon, the rising number of varieties, their awareness, and rising adoption of microwaves in homes is a promising development in the market.
The new varieties in the market include cardboard varieties, which are flexible, easy to lift even for pregnant women, heat-resistant as well as water proof. Moreover, these varieties can withstand temperatures as high as 220°C. Additionally, new varieties offer more room for customization with their bio-degradable nature, and recyclable offerings.
Rmoz has released a report titled “Global ovenable trays market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2030.” The report offers the growth scenarios present globally as well as revenues of the overall market. The Global ovenable trays market report thoroughly discusses robust growth prospects and prominent strategies implicated by several key players operating in the global market, which are likely to benefit the market growth and grab leading position in terms of revenue in the market. The report is available on the website ResearchMoz.us as well.
CPET Products Promise Lucrative New Opportunities for Growth
The ovenable trays market report will offer segments including CPET, which is expected to witness highest demand according to forecasts. The product can withstand temperatures ranging from -40 to 220 degree Celsius. Additionally, the material also makes way for affordable varieties and seals in the ovenable trays market. The material is the most versatile among all the options in the market and can promise new opportunities, thanks to rising demand for ready-to-eat foods. These items are becoming quickly popular in retail chains, where they enjoyed a much more casual appearance earlier. Today, rising stress in lifestyle, stringent demands for cooking, and changing family structure will drive robust growth for the global ovenable trays market in the near future.
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Rising Demand for F & B Sector Promises New Opportunities
New varieties of ready-to-east meals with healthy diets, and growth of food and beverage sector in recent times will promise new opportunities for growth. Addiitonally, advent of e-commerce and online delivery options will further drive growth for the market as increased convenience, and new varieties open new avenues for growth. The widespread demand for healthy varieties, and increased consciousness about healthy foods, are expected to drive growth for the segment as consumers spend a larger portion of their earnings in the food and beverage sector. Moreover, lesser spending on fixed assets like owning a home have also freed up income for growth for the food and beverage sector.
Some of the key players profiled in this market include Sealed Air Corporation, Bemis Company, Inc., Genpak, LLC, Dupont Teijin Films, Sonoco Products Company, Evergreen Packaging, Inc., MCP Performance Plastic Ltd, Oliver Packaging & Equipment Co., CiMa-Pak Corporation, PinnPACK Packaging LLC, PAC Food Pty Ltd., Sanplast Ltd, Pactiv LLC, Plastic Package, Inc.