Bakeable trays or direct-to-oven trays are used to cook food in oven at high temperature. Although metals were initially used to manufacture bakeable trays, now corrugated paper cardboard are used. Corrugated paper cardboard is light and waterproof as well as heat resistant and can sustain temperature up to 220?C. Bakeable trays allow to store, transport, and sell food products in just one container, which minimizes the packaging and product cost.
Market Dynamics:-
Bakeable trays are majorly used in food & beverages industry for the packaging of ready-to-eat or convenience foods. These trays are also used to roast and bake pizzas, meat steaks, confectionary items, pasta, and other food products. Growing urbanization, changing lifestyle and increasing working population have led to high preference for processed and convenience food products. This in turn is expected to propel demand for bakeable trays over the forecast period. According to the United Nations Development Program, working population in Asia Pacific is expected to increase to 4.8 billion by 2050, accounting for 68% of the total regional population.
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Market Outlook:-
Asia Pacific is expected to hold dominant position in the global bakeable trays market, owing to growing pharmaceuticals and food & beverages industry in emerging economies such as India and China. For instance, according to Ministry of Food Processing Industry, Government of India, the food processing industry in India was valued at US$ 600 billion in 2016, and is expected to become the world’s second largest market after China and to reach US$ 1800 billion by 2020.
Key players in the Global Bakeable Trays Market:-
Key players operating in the global bakeable trays market include, iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd., Packaging Sales And Service Inc., Menasha Corporation, Honeymoon Paper Products Inc., Tielman Sweden AB, Genpak LLC, Northland Aluminum Products Inc., and Laminating Technologies Industries LLC.
Major companies in the market are focused on developing new products in order to strengthen their footprints in the global bakeable trays market. For instance, in 2016, Multivac Inc. launched dual ovenable Mylar BAKE film coated product range.
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