Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Oven bags Market Overview
An oven bag is a type of cooking bag used for roasting food such as meat, seafood and other food products. They are made of durable plastics composed of polyester and nylon. The bags can resist the temperature of the oven and help to keep food moist by trapping the moisture in the bag. The moisture is not allowed to escape from the oven which in turn enhances the taste of the food. The oven bags primarily consists of a heat resistant polyester. The food is cooked faster than conventional methods and do not have cleaning issues.
Oven bags are prepared from the materials facilitating the temperature and maintaining food values. The oven bags are heat resistant and have thermal stability in order to maintain the food nutrition and keep the food value intact. The food grade oven bags are used for maintaining the food nutrition values. Oven bags keeps the oven clean in comparison to other containers such as ceramic and glass.
Microwave cooking are energy efficient in comparison to other conventional methods. The microwave cooking does not reduce the nutritional value of foods.
Market Size & Forecast
Various manufacturing companies are concentrating towards up gradation in oven bags. Moreover, the different properties of oven bags includes thermal stability, durability, retain food nutrition and others. Currently the global oven bags market is observing vibrant growth owing to increasing demand for fast cooking in ovens. Additionally, the wide range of functions for roasting and cooking of meat and vegetables coupled with the advancement in electric oven industry in the recent years has increased the technological up gradation. This in turn is expected to drive the oven bags market during the forecast period.
As per U.S. Department of Agriculture, the food expenditure in 2016 by Asia Pacific countries such as Japan, India, China and Indonesia are increasing which is rising the oven bags demand across this region during the forecast period. Japan has a global food expenditure share of 14.2%, China has 22.5% global share, India by 30.2% and 31.4% by Indonesia which is expected to rise the food consumption during the forecast period. This is anticipated to drive the oven bags market during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
On the basis of regional platform, global oven bags market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to dominate the global oven bag market. This is on the account of extensive usage of oven for roasting of various food items on daily basis. Additionally, Latin America is expected to observe substantial growth owing to increasing usage of microwave oven. Moreover, Asia Pacific region is expected to observe highest growth owing to changed food habits and increased meat consumption. This leads to high demand for oven bags on the account of easy availability and economical price.
Flexipol Packaging Ltd. is one of the leading key player in the U.K. Company is primarily focused on providing cost-effective oven bags catering to wide range of end use. The oven bags offered by Flexipol Packaging Ltd. consists of high temperature resistance permitting the meat or fish to cook inside the bag without the loss of moisture, flavors and nutrition values. It helps to pack the food without spillage in order to keep the oven free from grease.
Market Segmentation
Our-in depth analysis of the global oven bags market includes the following segments:
By Material Type:
By End Use:
By Region
Global oven bags Market is further classified on the basis of region as follows:
Growth Drivers
Replacement for Pollution Creating Fuels
The rising demand for oven bags is contributed by the reduction in use of LPG gases for polluting the environment. The electric oven has replaced the cooking fuels to a great extent by providing various applications such as roasting of meat, fish and other food items. It is cost effective and easily available contributing to wide range of applications.
Fast Cooking and Less Cleaning
Various benefits associated with oven bags such as faster and minimal cleaning requirement associated with faster roasting and other cooking procedures which is anticipated to drive the market growth of the oven bags during the forecast period.
Restraints
Pollution Factor
However, one time use of oven bags is expected to restrict the market growth of the oven bags over the forecast period. Moreover, increasing concern regarding the usage of plastic is also expected to hinder the oven bags market across the globe.
Key Players
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