What is Global Oven Bags and Pouches Market?
The Global Oven Bags and Pouches Market is a vast and dynamic sector that encompasses a wide range of products used in various cooking applications. These products, which include oven bags and pouches, are designed to withstand high temperatures and are commonly used in ovens for cooking a variety of foods. The market is global in nature, meaning it spans across different countries and regions, each with its own unique consumer preferences and regulatory standards. The market's value was estimated to be around US$ 211 million in 2023, and it's projected to grow significantly in the coming years, reaching an estimated value of US$ 343 million by 2030. This growth is driven by a number of factors, including increasing consumer demand for convenient and easy-to-use cooking solutions, advancements in product design and material technology, and the expansion of distribution channels.
PET, Nylon, Others in the Global Oven Bags and Pouches Market:
The Global Oven Bags and Pouches Market is segmented based on the type of material used in the production of the bags and pouches. These materials include PET (Polyethylene Terephthalate), Nylon, and others. PET is a type of plastic that is known for its strength, durability, and resistance to heat, making it an ideal material for oven bags and pouches. It is also lightweight and flexible, allowing for easy storage and transportation. Nylon, on the other hand, is a synthetic material that is known for its high tensile strength and elasticity. It is also resistant to heat and chemicals, making it a suitable material for oven bags and pouches. Other materials used in the production of these products include various types of plastics and metals, each with their own unique properties and applications.
Meat, Vegetables, Others in the Global Oven Bags and Pouches Market:
The Global Oven Bags and Pouches Market finds its usage in a variety of areas including meat, vegetables, and others. These products are designed to cook food evenly and thoroughly, while also retaining the food's natural juices and flavors. For meat, these bags and pouches can be used to cook a variety of types, including beef, pork, chicken, and fish. They are particularly useful for cooking large cuts of meat, as they can help to ensure that the meat is cooked evenly throughout. For vegetables, these bags and pouches can be used to steam a variety of types, including potatoes, carrots, broccoli, and more. They can also be used to cook a variety of other foods, including grains, pasta, and baked goods.
Global Oven Bags and Pouches Market Outlook:
Looking at the market outlook for the Global Oven Bags and Pouches Market, it's clear that this sector is set for significant growth in the coming years. In 2023, the market was valued at US$ 211 million, and it's projected to grow at a compound annual growth rate (CAGR) of 7.1% to reach a value of US$ 343 million by 2030. This growth is driven by a number of factors, including increasing consumer demand for convenient and easy-to-use cooking solutions, advancements in product design and material technology, and the expansion of distribution channels. It's also worth noting that the top three manufacturers in this market hold a share of over 25%, indicating a high level of market concentration. In terms of product type, PET is the largest segment, accounting for over 61% of the market.
| Report Metric | Details |
| Report Name | Oven Bags and Pouches Market |
| Accounted market size in 2023 | US$ 211 million |
| Forecasted market size in 2030 | US$ 343 million |
| CAGR | 7.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Sealed Air Corporation, SC Johnson, Reynolds Kitchens, Krehalon, The Clorox Company, DuPont Teijin Films, Flexipol Packaging, Extra Packaging, Sirane, M&Q Packaging, Sunkey Plastic Packaging, Threestone Packing Material, WRAPOK |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
