Global Dual-Ovenable Trays & Containers Market to Grow at a CAGR of 3.3% by 2026 - TMR

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Jun 25, 2018, 06:00 ET

ALBANY, New York, June 25, 2018 /PRNewswire/ --

According to the latest market report published by Transparency Market Research titled 'Dual-Ovenable Trays & Containers Market: Global Industry Analysis and Forecast 2018-2026," the Global Dual-Ovenable Trays & Containers Market is estimated to be valued at US$ 1,554.5 Mn in 2018 and is expected to grow at a CAGR of 3.3% during the forecast period (2018-2026).

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The global dual-ovenable trays & containers market has witnessed lucrative growth during the past few decades owing to increase in the demand for convenient packaging solutions. The global dual-ovenable trays & containers market by product type has been segmented into trays, bowls, clamshells, and lids.

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By material type, the global dual-ovenable trays & containers market is segmented into paperboard, C-PET, A-PET, PP, PE, and others. Among material type segments, the C-PET segment is expected to dominate the market throughout the forecast period with an estimated market share of 88.7% in 2018. The A-PET segment is estimated to register a CAGR of 2.8 % during the forecast period. The C-PET segment is expected to create an incremental $ opportunity of US$ 411.0 Mn during the forecast period. This segment is estimated to register a value of US$ 1,378.4 Mn in 2018 and is expected to reach 1,789.4 Mn during the forecast period. The others segment is estimated to register a CAGR of 2.1 % during the forecast period.

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By end use, the dual-ovenable trays & containers market is segmented into meat, seafood, and poultry, snacks food, ready-to-eat meals, frozen food, bakery products, and others. Among end-use segments, the ready-to-eat meals segment is estimated to dominate the market during the forecast period with an estimated market value of 47.1% in 2018. This segment is expected to create an incremental $ opportunity of US$ 243.3 Mn during the forecast period. The frozen food segment is estimated to reach an estimated market value of 25.0% in 2026.

Among geographic market segments, the North America region is anticipated to lead the global dual-ovenable trays & containers market during the forecast period. North America is projected to register a CAGR of 3.3% by value during the forecast period.

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Market players profiled in this report include Færch Plast A/S; Sealed Air Corporation; Bemis Company, Inc.; DuPont Teijin Films U.S. Limited Partnership; Sabert Corporation; Genpak, LLC; Sonoco Products Company; Pactiv LLC; Evergreen Packaging, Inc.; Oliver Packaging & Equipment Co.; Portage Plastics Corporation; MCP Performance Plastic Ltd.; Plastic Package, Inc.; Point Five Packaging LLC; CiMa-Pak Corporation; PinnPACK Packaging LLC; PAC Food Pty Ltd.; and Sanplast Ltd.

The report analyzes the key drivers and restraints as well as dual-ovenable trays & containers market trends and performs pricing analysis based on the average weighted model.

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Globally, the dual-ovenable trays & containers market has been segmented on the basis of product type, material type, end use, and region.

The segmentation is as follows:

By Product Type

Trays
Bowls
Clamshells
Lids

By Material

Paperboard
C-PET
A-PET
PP
PE
Others

By End Use

Meat, Seafood, and Poultry.
Snacks Food
Ready to Eat Meals
Frozen Food
Bakery Products
Others

By Region

North America
Latin America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)

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