The global boil-in bags market is expected to grow at a CAGR of 4.23% to reach US$406.328 million by 2024 from US$316.972 million in 2018.
Boil-in bags is a type of packaging which is used for the packing of food items which can later be heated in boiling water. These bags are flexible and affordable for use. The demand for ready to eat food is on a rise owing to the busy life schedule. Therefore, the increasing consumer demand for convenience food is expected to drive the growth of the boil-in bags market. Further, the growing food & beverage industry is anticipated to fuel the market. However, growing awareness regarding the use of eco-friendly products is expected to hinder the market. Asia-Pacific is projected to be a prominent region owing to the increasing disposable income and growing food and beverage industry. North America and Europe are also anticipated to hold a significant share in the market owing to the rising preference for frozen food by the consumers during the forecast period.
Rising demand for ready to eat food.
Growing food & beverage sector.
Growing preference for eco-friendly products.
The major players profiled in the Boil-In Bags market include Synpac Limited, Packit Gourmet, Granitol A.S., Universal Plastic Bag Manufacturing Co., H.B. Fuller Company, UltraSource LLC, Ever Glory Packaging Group Limited, Flexipol Packaging Limited, M & Q Packaging LLC, Sealed Air Corporation, and Four Start Plastics.
|Market size value in 2018||US$316.972 million|
|Market size value in 2024||US$406.328 million|
|Growth Rate||CAGR of 4.23% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Material, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Synpac Limited, Packit Gourmet, Granitol A.S., Universal Plastic Bag Manufacturing Co., H.B. Fuller Company, UltraSource LLC, Ever Glory Packaging Group Limited, Flexipol Packaging Limited, M & Q Packaging LLC, Sealed Air Corporation, Four Start Plastics|
|Customization scope||Free report customization with purchase|
The boil-in bags market has been analyzed through the following segments:
Bakery & Confectionary
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the boil-in bags market size by 2024?
A1. The global boil-in bags market is expected to reach a total market size of US$406.328 million in 2024.
Q2. What are the growth prospects for boil-in bags market?
A2. The boil-in bags market is expected to grow at a CAGR of 4.23% over the forecast period.
Q3. What is the size of global boil-in bags market?
A3. Boil-in Bags market was valued at US$316.972 million in 2018.
Q4. What factors are anticipated to drive the boil-in bags market growth?
A4. The increasing consumer demand for convenience food is expected to drive the growth of the boil-in bags market.
Q5. Which region holds the largest market share in the boil-in bags market?
A5. Geographically, Asia-Pacific holds a significant share in the boil-in bags market owing to the increasing disposable income and growing food and beverage industry.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. BOIL-IN BAGS MARKET BY MATERIAL
6. BOIL-IN BAGS MARKET BY APPLICATION
6.1. Frozen food
6.3. Bakery & Confectionary
7. BOIL-IN BAGS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Synpac Limited
9.2. Packit Gourmet
9.3. Granitol A.S.
9.4. Universal Plastic Bag Manufacturing Co.
9.5. H.B. Fuller Company
9.6. UltraSource LLC
9.7. Ever Glory Packaging Group Limited
9.8. Flexipol Packaging Limited
9.9. M & Q Packaging LLC
9.10. Sealed Air Corporation
9.11. Four Start Plastics
LIST OF FIGURES
LIST OF TABLES
Universal Plastic Bag Manufacturing Co.
H.B. Fuller Company
Ever Glory Packaging Group Limited
Flexipol Packaging Limited
M & Q Packaging LLC
Sealed Air Corporation
Four Start Plastics
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