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Bakeable Trays Market overview with detailed analysis, competitive landscape, forecast to 2027
Bakeable Trays Market
Key players in the market are adopting various strategies such as product launches in order to expand their product portfolio and strengthen their market presence. For instance, in 2016, Multivac Inc. launched dual ovenable Mylar BAKE film coated product range. The product is designed for cooking meat and has self-venting property, which increases its shelf life.
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Among product type, the single corrugated bakeable trays segment is expected to account for a significant share over the forecast period. Single corrugated trays are used for baking and shipping of goods. This trays offer time & money saving alternative for conventional baking pans.
Among application, the food & beverages segment is expected to witness significant growth over the forecast period. Growth of bakery and convenience food products is expected to increase the demand for bakeable trays. For instance, according to Germany Trade & Invest (GTAI), Germany’s industrial bakery market was valued at US$ 20 billion in 2017. According to the same source, Germany’s convenient food market was valued at US$ 6.7 billion in 2017, which has increased by 4 % between 2013 and 2017.
Detailed Segmentation:
Global Bakeable Trays Market, By Product Type:
Single Corrugated
Double Corrugated
Others
Global Bakeable Trays Market, By Compartment:
One
Two
Three
Others
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Major players operating in the global bakeable trays market include iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd., Packaging Sales & Service Inc., Menasha Corporation, Honeymoon Paper Products Inc., Tielman Sweden AB, Genpak LLC, Northland Aluminum Products Inc., and Laminating Technologies Industries LLC.
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