From 2020 to 2030, it is anticipated that the market for oven bags and pouches will expand at a compound annual growth rate (CAGR) of 5.5%. The expansion of the market can be due to factors such as the growing tendency of preparing meals at home as well as the growing demand for ready-to-eat meals. In addition to that, the expanding consciousness about health and wellness is also one of the factors that is contributing to the expansion of this industry.
A heat-resistant plastic bag with a bag that is made specifically for use in the oven is called an oven bag. Turkeys and chicks are frequently cooked in oven bags these days. They are also capable of being utilised in the preparation of other types of dishes, such as casseroles and desserts. Pouches are similar to oven bags, but they are constructed from a more substantial material and typically feature a closure in the form of a zipper. Both the microwave and the oven are viable options for cooking food inside of pouches.
Pouches are a popular choice for the packaging of a wide variety of foods, including dairy products, snacks, smoothies, and other drinks and foods. The significant market penetration of Ready-to-Eat (RTE) meals in the country as a result of the hectic lifestyle and the high number of working folks is the primary factor that drives the demand for pouch-based packaging solutions. Pouch packaging's combination of user-friendliness and affordability, as well as the growing need for pre-packaged food and beverages, are the key forces behind the expansion of the market. Because of their ability to be folded up into a smaller space, pouches take up less room in transport vehicles. In addition to this, the fact that they are lightweight means that the costs connected with shipping are greatly reduced. In addition, the availability of a variety of closure choices in pouches, such as tear notches, zippers, and spouts, is contributing to the growth of the market.
Globally oven bags and pouches market is set to grow further
The Asia-Pacific region maintained its dominant position in terms of revenue share across the global market. As a result of an increase in demand for oven bags and pouches from a variety of end-use industries including food service, retail, and catering, it is anticipated that the region will maintain its dominant position over the course of the projection period. China is one of the major consumers of oven bags and pouches as a result of increased levels of discretionary expenditure among middle-class population groupings in conjunction with rising levels of awareness regarding the health benefits linked with these goods.
Due to the significant demand from food service firms headquartered in the United States for oven bags and pouches, North America has emerged as a prominent regional market for these items. These products are utilised during camping trips as well as outdoor cooking activities at restaurants and hotels.The high demand for convenient packaging solutions used by consumers during kitchen preparation tasks such as baking bread, roasting meats, poultry, and seafood items, and other similar activities was a significant contributor to the industry's growth in Europe, which was also a significant contributor overall.
Modern lifestyle boosts growth of the oven bags and pouches market
The growing trend of leading busy lifestyles has resulted in an increase in the demand for food options that are convenient. Oven bags and pouches make it possible to prepare meals in a speedy and uncomplicated manner without making use of an oven or cooktop. Customers who are tight for time and are seeking for ways to cut back on preparation time in the kitchen may find this particularly appealing. Also, increasing popularity of methods of healthy cooking such as steaming, poaching, and stewing is another reason driving growth in the market for oven bags and pouches. Cooking meals in oven bags or pouches is a time-efficient, simple, and healthful alternative that eliminates the need to use unhealthy oils or fats.
Popularity of techniques of healthy cooking such as steaming, poaching, and stewing will drive the demand for oven bags and pouches
The increasing popularity of methods of healthy cooking such as steaming, poaching, and stewing is another reason driving growth in the market for oven bags and pouches. Cooking meals in oven bags or pouches is a time-efficient, simple, and healthful alternative that eliminates the need to use unhealthy oils or fats.
Demand for environmentally friendly packaging solutions
In the coming years, it is anticipated that the demand for the product will increase as a result of an increasing preference for environmentally friendly packaging solutions by end-use companies as a direct result of an increase in the level of regulatory pressure and an increase in the level of sustainability awareness among consumers. The production of pouches needs less water, energy, and material than other packaging methods. Additionally, the use of such products helps cut down on the amount of waste sent to landfills, which boosts the sustainability profile of the products.
The market for oven bags and pouches may be broken down into many submarkets based on factors such as type, application, and region. A distinction can be made between it being made of aluminium, nylon, PET, PP, or PE depending on the type. According to the uses for which it is most commonly put, it can be divided into the following categories: roasting meats and poultry; fish; vegetables; ready-to-eat meals; and other uses (bakery items etc.). From a geographical standpoint, it can be broken down into the following regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Plastic oven bags and pouches popularity will drive the demand for PET, PP, and PE
In 2020, the market was dominated by the segment dealing with plastics materials, which had a revenue share of more than 64 percent. Plastic pouches have a strong resistance to moisture, dust, oxygen, and UV radiation, which allows packed goods to remain fresh for a longer period of time; the fact that this element is primarily responsible for the segment's biggest proportion of the market is credited to plastic pouches. When it comes to the production of plastic pouches, the resins polyethylene terephthalate (PET), polypropylene (PP), and polyethylene ethylenephthalate (PE) are the most prevalent types of plastic employed.
Bioplastic material segment will observe the highest CAGR between the years 2020 and 2030
Plastic is the material that is most commonly used because of its inexpensive price and long-lasting nature. It is expected that the bioplastic material segment will observe the highest CAGR between the years 2020 and 2028. The substance is totally biodegradable and possesses qualities that are comparable to those of plastic materials. Furthermore, the increasingly stringent regulations on the use of plastic packaging and the rising awareness about sustainable packaging solutions among consumers are expected to augment the growth of the bioplastics material segment in the coming years. Both of these factors are expected to contribute to the growth of the bioplastics material segment.
Food and beverage end-use sector was the most significant contributor to the oven bags and pouches market
The food and beverage end-use sector was the most significant contributor to overall market revenue in 2020, accounting for more than 55.1% of total revenue. The increased utilisation of the product for the packaging of alcoholic drinks is one factor contributing to the expansion of the market segment because of the product's low weight, high sustainability, and non-fragile nature. In addition, upright pouches are becoming an increasingly popular choice for the packaging of products intended for infant consumption. As a result of the world's expanding population, the market for baby food has been seeing significant expansion in recent years.
APAC is expected to lead the market for oven bags and pouches during 2020-2030
The Asia-Pacific region maintained its dominant position in terms of revenue share across the global market in 2019. As a result of an increase in demand for oven bags and pouches from a variety of end-use industries including food service, retail, and catering, it is anticipated that the region will maintain its dominant position over the course of the projection period. China is one of the major consumers of oven bags and pouches as a result of increased levels of discretionary expenditure among middle-class population groupings in conjunction with rising levels of awareness regarding the health benefits linked with these goods.
In addition, the rising purchasing power of consumers, particularly in countries such as China, India, and Vietnam, is driving up demand for packaged food goods. This, in turn, is anticipated to drive the expansion of the market. It is anticipated that the growing consumption of packaged beverages and the high preference for small-sized packs due to their lower cost and convenience of use will fuel the demand for pouches in the region. Additionally, the demand for pouches is expected to be fueled by the growing consumption of packaged beverages.
Significant demand from food service firms in the US and Europe will boost the market for Oven bags and pouches
Due to the significant demand from food service firms headquartered in the United States for oven bags and pouches, North America has emerged as a prominent regional market for these items. These products are utilised during camping trips as well as outdoor cooking activities at restaurants and hotels. The high demand for convenient packaging solutions used by consumers during kitchen preparation tasks such as baking bread, roasting meats, poultry, and seafood items, and other similar activities was a significant contributor to the industry's growth in Europe, which was also a significant contributor overall.
Ovens bags and pouches market is extremely fragmented and competitive
The presence of both domestic and international firms has resulted in a market that is extremely fragmented and competitive. The most important companies in the market focus primarily on providing bespoke packaging solutions and are implementing methods to acquire a competitive advantage over other businesses. These strategies include mergers and acquisitions as well as the creation of new products. Amcor plc is one of the most successful businesses in its field; the company provides services to all end-use industries and focuses primarily on mergers and acquisitions as well as the introduction of new products in order to consolidate its position as the industry leader.
Companies are turning to flexible packaging formats, which, in turn, is driving the expansion of the oven bags and pouches market
The global market for packaged food has been expanding at a substantial rate due to the shifting lifestyles and advancements in food processing techniques, both of which are likely to favour the expansion of the industry throughout the course of the forecast period. Products that use flexible packaging, such as pouches, have a substantially lower requirement for the quantity of raw materials needed, which in turn lowers the overall cost associated with product packaging and, as a result, improves the profit margin for end-use companies. Because of this, end-use companies are increasingly turning to flexible packaging formats, which, in turn, is driving the expansion of the market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oven Bags And Pouches market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
