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.
The boil-in bags market has been analyzed through the following segments:
Bakery & Confectionary
Middle East and Africa