Boil-in Bags Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026
According to the latest report published by Credence Research, Inc. “Global Boil-in Bags Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global boil-in bags market accounted for US$ 333.1 Mn in 2017, expanding at a CAGR of 6.3% from 2018 to 2026.
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The global boil-in bags accounted for US$ 333.1 Mn in 2017 growing with a CAGR of 6.3% during the forecast period from 2018 to 2026. Boil-in bags are basically defined as packaged food products in which the bagged food is basically heated in boiling water. These bags can be solid or resistant for holding frozen foods as well. These are also used for cooking owing to its flexibility, affordability and ease of use. In addition, materials in overall packaging structure plays an important part in food preservation thereby enhancing the cooking process.
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Manufacturers are focusing on enhancing the compatibility of boil-in bags to extend its application beyond boiling in water to microwave. Current designs of boil-in bags helps in both preservation and cooking of food. Special vacuum seals used in boil-in bags aims to retain moisture in food thereby preventing it from spoilage. Owing to such advantages of boil-in bags, these are rapidly gaining adoption in various retail outlets.
Hence growing demand of multifunctional boil-in bags that is capable of boiling, freezing and microwaving is basically boosting the growth of this market during the forecast period from 2018 to 2026.Growing demand for convenience and ready to eat food is another factor bolstering the market growth. Trend shows that owing to busy lifestyles of consumers, they are shifting towards precooked food that requires minimum time which in turn is propelling the rapid adoption of boil-in bags which basically aims to cook or preserve food in minimum time.
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Manufacturers are also focusing on adopting innovative packaging designs for boil-in bags so that they appear attractive and help to preserve the taste, shelf life and texture of the food products. Growing adoption rate of boil-in bags in various food and beverages stores and restaurants is also expected to augment the demand for this market during the forecast period from 2018 to 2026.Increasing demand for high temperature boil-in bags in institutional platforms followed by growth in single household population are other factors boosting the demand for global boil-in bags market.
The global boil-in bags market has been segmented by material type, appearance, application and geography. In 2017, plastic segment dominated the global boil-in bags market by material type. Growing demand for polyethylene based boil-in bags is expected to propel the market demand. In terms of appearance, transparent boil-in bags led the global market and is expected to maintain its dominance during the forecast period from 2018 to 2026.
Frozen foods dominated the global boil-in bags market by application in 2017.Growing consumption of ready to eat frozen items in hypermarkets and supermarkets is expected to spur the demand for this segment. In terms of geography, North America is the most significant market and held the largest market value share in the global boil-in bags market. Busy lifestyles followed by increasing demand for plastic boil-in bags are primarily driving the boil-in bags market in this region.
Key players operating in the global boil-in bags market includes ProAmpac LLC, UltraSource LLC, Universal Plastic Bag Co., M & Q Packaging Ltd, Granitol A.S., US Poly Pack, Packit Gourmet, Synpac Limted, E. I. du Pont de Nemours and Company, Sealed Air and Dongguan Ever-Glory Plastics Package Limited among others.