Bakeable Trays Market To Reach USD 1,943.8 million By 2027 | iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd.

Bakeable trays, also known as direct-to-oven trays, are typically made of corrugated paper, which is both waterproof and heat-resistant. These trays are made to ship and bake food products on the same tray, making them more efficient than traditional baking trays. The majority of manufacturers provide bakeable trays with a high gloss P.E.T. laminate. These trays can be baked at temperatures as high as 220°C.Bakeable trays are commonly used in the food and beverage industries to package ready-to-eat or convenience foods. These trays are also used to roast and bake foods such as pizzas, meat steaks, confectionary items, pasta, and others.

The global bakeable trays market is expected to be worth US$ 1,943.8 million by 2027, growing at a CAGR of 4.8 percent during the forecast period.

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Companies Covered as part of this study 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...
 
For example, according to the Federation of Bakers of the United Kingdom's annual report published in 2018, the retail sales value of the United Kingdom's bakery industry was US$ 4.06 billion in 2017. Furthermore, according to the Agricultural and Agri-food Canada (AAFC) report titled 'Sector Trend Analysis- Dough Products' published in November 2017, Europe's bakery retail sales were valued at US$ 123,205.8 million in 2016, with a CAGR of 1.8 percent between 2012 and 2016. Furthermore, rising urbanisation, changing lifestyles, and an increasing working population have resulted in a high demand for processed and convenience foods. Over the forecast period, this is expected to drive demand for bakeable trays.

Market Dynamics

The single corrugated bakeable trays segment is expected to account for a significant share of the product type over the forecast period. Baking and shipping goods are done on single corrugated trays. These trays are a time and money saving alternative to traditional baking pans.Among applications, the food and beverage segment is expected to grow significantly during the forecast period. The expansion of bakery and convenience food products is expected to drive up demand for bakeable trays. According to Germany Trade & Invest (GTAI), the industrial bakery market in Germany 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, representing a 4 percent increase between 2013 and 2017.
 
  Report Purchase Motives:
• The paper examines how Bakeable Trays is expected to grow in the future.
• Examine various perspectives on the Bakeable Trays using Porter's five forces analysis.
• The product type expected to dominate the Bakeable Trays market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Bakeable Trays shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Bakeable Trays share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Bakeable Trays players, critical financial information, current advancements, SWOT analysis, and strategies.
 
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