Covid-19 Impact on Boil-In Bags Market to Witness Impressive Growth During 2021-2026
February 16, 2022
Stratview Research has launched a new report, titled Boil-In Bags Market, By Material (Plastic, Aluminium Foil, Others), By Appearance (Transparent, Opaque, Printed), By Application (Frozen Food, Meat, and Poultry, Sea Food, Others) and Region.
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, The Boil-In Bags Market is projected to grow from USD 351.2 million in 2020 to USD 481.9 million by 2026 at a CAGR of over 5.5% during the forecast period.
Market Segments' Analysis
By application, the boil-in bags market has been classified into frozen food, meat and poultry, seafood, and others. Under these, the frozen food segment accounted for a significant market share in 2020. The frozen food segment growth s mainly driven by consumers' need for prepared and ready-to-eat food due to time constraints which are likely to promulgate the demand for packaged food such as breakfast food items, cereals, meat & eggs, and seafood, thus bolstering the segment growth.
By region, the market in the Asia Pacific accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is mainly ascribed to the increasing socio-economic factors coupled with the adoption of western culture of packaged foods by Asia Pacific consumers. Moreover, the rising spending pattern of people in countries mainly India, China, Malaysia, South Korea, Sri Lanka, and Thailand, further proliferates regional growth.
Key Players
The following are the key players in the Boil-In Bags Market-
- ProAmpac (US)
- UltraSource
- Granitol (Czechia)
- M and Q Packaging
- Packit Gourmet
- US Poly Pack
- Synpac (UK)
- Shenyang Dongya Composite Packaging and Color printing factory (China)
- Shenzhen Ken Hung Hing Plastic Products (China)
- Shenzhen Dingqi Pack (China).
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Boil-In Bags Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Boil-In Bags Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2423/Boil-In-Bags-Market.html
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