Global Oven Bag Market Overview:
An oven is one of the most commonly used household appliances. The reason for its popularity is that it cooks food in a short amount of time. Oven bag is used for cooking food in the microwave oven. Oven bag is a high heat resistant bag made up of polyester or nylon. It provides moisture retention utility to food cooked in microwave ovens which is a common issue faced by consumers using microwave ovens. Oven bag is extensively used in various countries to keep the food moist even while cooking. It is also used by consumers to save cleaning time after cooking.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Introduction of Various Innovative Products in Oven Bags
Market Growth Drivers:
Increasing Utilization of Electric Ovens and Rising Demand for Oven bags for the Convenience as well as for Food Preservation
Challenges:
Complexity Involved in which Type of Material to Use Inside the Oven
Restraints:
Concern related to the Plastic Waste and One Time Use Product
Opportunities:
A Rise in Consumption of Meat in Asian Region and Elevating Rate of Urbanization and Rising Investment in Cooking Appliances
Competitive Landscape:
The global oven bag market is fragmented. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. As consumers prefer less power-consuming microwave ovens, companies are investing heavily in R&D to develop energy-efficient microwave ovens equipped with features such as access to the internet, which will further boost the demand for oven bags in the forecasted period.
Some of the key players profiled in the report are Flexipol Packaging Limited (United Kingdom), Extra Packaging Corp (United States), Sunkey Plastic Packaging (China), Sirane Ltd (United Kingdom), Terinex (United Kingdom), M&Q Packaging Ltd (United States), Xiong Xian Xinhuarui Plastic Co Ltd (China), Huangshan Sinoflex Packaging Co. Ltd (China) and Reynolds Consumer Products (United States). Additionally, following companies can also be profiled that are part of our coverage like Xiamen Threestone Packing Material Co. Ltd (China) and Sealed Air Corp (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Oven Bag market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Oven Bag market. Considering Market by Material, the sub-segment i.e. Polyester will boost the Oven Bag market.
Latest Market Insights:
In October 2023, Glad Products, a leading producer of food storage and waste management solutions, announced a partnership with DuPont, a global science and technology leader, to develop and launch sustainable oven bag solutions made with bio-based materials.
What Can be Explored with the Oven Bag Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Oven Bag Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Oven Bag
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Oven Bag market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Oven Bag market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Oven Bag Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.