Boil-in Bags Market - Global Industry, Growth, Trends and Forecast 2018 - 2026

Albany, NY -- (SBWire) -- 04/23/2018 --The global boil-in bags market has witnessed extraordinary growth during the past decade, owing to the changing consumer lifestyle due to which consumer preferences are shifting from traditional meals to ready-to-eat meals. This factor will continue to boost the demand for boil-in bags during the forecast period 2018-2026. Global boil-in bags market is segmented by material type (plastic, aluminium foil and others), by appearance (transparent, opaque and printed), by packaging size (less than 150X240 mm, 150X240 to 240X380 mm, 240X380 to 380X500 mm, more than 380X500 mm) by sales type (institutional sales and retail sales), by application ( frozen foods, ready to eat meals, rice and cereals, bakery and confectionery and others)

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In packaging size, 150X240 to 240X380 mm segment is the most attractive product segment due to which it expands at a highest CAGR of 6.9%, by value among all the packaging size. 240X380 to 380X500 segment is anticipated to hold a market share of 44.5% value share, by 2017. Among sales type segments, the retail sales segment is the fastest growing segment among all the boil-in bags sales type segments. Institutional sales segment is anticipated to dominate the global boil-in bags market. Institutional sales segment is expected to create an incremental $ opportunity of US$ 124.9 Mn, during forecast period.

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Among application segments, frozen foods segment is anticipated to dominate the global boil-in bags market. Frozen foods segment is expected to create an incremental $ opportunity of US$ 115.2 Mn, during forecast period. Geographically, the global market has been segmented into five regions, i.e. North America, Latin America, Europe, Asia Pacific region (APAC), and Middle East & Africa (MEA). North America dominates boil-in bags market globally. Due to a growing number of single-person households all over the world, the preference for boil-in bag meals are increasing gradually. It helps the individual to cook their food fast allowing each person to eat their desired taste preferences.