According to Stratistics MRC, the “Global Boil-in Bags Market” is expected to grow at a CAGR of 8.3% during the forecast period. Rise in higher demand for convenience foods and shifting customer lifestyle patterns mostly in metropolitan setup are some of the key factors fueling the market growth. However, increasing awareness about the usage of eco friendly products is hindering the growth of the market.
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Boil-in bags are a form of products used for packaging of food items so that the food can be cooked or heated in hot water. It is a type of sealed flexible packaging where the contents can be safely reheated by placing the pouch in boiling water. It’s FDA-approved for food contact and keeps food tasting and smelling fresh.
Driver: The increased demand for requirement for ready-to-eat food products is driving the market growth.
Owing to busy lifestyles and hectic schedules, customers are picking ready-to-eat food items over ordinary meals, which need time for preparation. Several organizations are producing boil-in bags in a way with the goal that they are attractive and trendy as well as increase the shelf lives of the items. This is likewise contributing toward the extension of this market’s growth and development.
Depending on application, frozen foods segment is expected to grow at the significant market share during the forecast period. Growing consumption of ready to eat frozen items due to time constraints from hypermarkets and supermarkets is expected to spur the demand for this segment which is likely to propel demand for meat & eggs and seafood.
Asia Pacific region is anticipated to hold considerable market share during the forecast period:
By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period. This is due to the increasing disposable income of the population, particularly in developing countries, such as China and India. This can be attributed to the rising socio-economic factors along with the adoption of western culture of packaged foods by consumers in the region. The intensified spending pattern of individuals in countries such as China and India are likely to fuel the market growth over the forecast period.
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Some of the key players profiled in the Boil-in Bags Market include Shenyang Dongya Composite Packaging & Color printing factory, Shenzhen Dingqi Pack Co. Limited, Synpac Limited, Shenzhen Ken Hung Hing Plastic Products Co. Ltd., Dongguan Ever-Glory Plastics Package Limited, M & Q Packaging Ltd, Universal Plastic Bag Co., Packit Gourmet, UltraSource LLC, Granitol A.S., ProAmpac LLC and US Poly Pack.
M & Q Packaging Ltd: In March 2018, M & Q Packaging Ltd acquired Flavorseal, LLC. M & Q Packaging Ltd was attracted to Flavorseal’s culture of innovation, creativity, and its knowledgeable, customer?focused workforce. In addition to Flavorseal’s flexible packaging, netting, packaging equipment and consumables products, M&Q is especially excited by Flavorseal’s Seasoning Transfer Technology, which incorporates seasonings and bold flavors into various forms of flexible packaging for its food processing customers.
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ProAmpac LLC: In April 2018, ProAmpac LLC acquired Pactech Packaging, a Rochester, New York-based manufacturer specializing in pouch converting. Pactech’s products complement ProAmpac’s existing flexible packaging offerings, which primarily serve the medical, industrial and consumer packaged goods markets. The acquisition of Pactech expands ProAmpac’s flexible packaging pouch manufacturing capabilities in dispensing and clean-environment production.
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