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Bakeable trays are mainly used in the
oven at high temperatures. These trays were initially made from metal although
it is now being made with corrugated paper cardboards. Corrugated paper
cardboard is waterproof, lightweight, and heat-resistant that can sustain
temperatures as high as 220oC. These trays are mainly used in the food and
beverage industry for packaging ready-to-easy or convenience foods. Typically,
these trays are used for roasting and baking various products such as meat
steaks, pizzas, bread, and other confectionary items such as pasta and others.
These trays are durable, strong, and versatile to suit all manufacturing
applications. They offer a high level of flexibility and functionality, which
has made them highly popular. Moreover, they are available in a variety of
sizes and colors, and you can easily choose the most suitable one for the
device.
Rapid growth of the food and beverage
industry is expected to drive growth of the global bakeable
trays market during the forecast period. Bakeable trays provide significant
convenience to consumers. Their demand has increased significantly over the
years due to the rise in consumption of convenience food products in the recent
past. According to the Agricultural and Processed Food Products Export
Development Authority (APEDA), in India, the convenience food market reached
around US$ 2.1 billion in 2017. Such rapid growth of convince food has led to
increase in demand for bakeable trays. Thus, these factors are expected to
drive growth of the global bakeable trays market during the forecast period.
Continuous research and development activities among key market players are
expected to boost the global bakeable trays market growth over the forecast
period. For instance, Multivac Inc. offers a line of dual-ovenable Mylar BAKE
films designed for preparation in the cooking vessel.
However, low penetration of these trays
in emerging regions such as Africa and Latin America is expected to hinder the
global bakeable trays market growth over the forecast period. Among regions,
Asia Pacific is expected to witness significant growth in the global bakeable
trays market during the forecast period. This is owing to rapid growth of the
food and beverage industry for packaging ready-to-eat or convenience
foods.
Key players operating in the global
bakeable trays market are iVEX Protective Packaging Inc., Laminating
Technologies Industries LLC, DuraCorp LLC, Northland Aluminum Products Inc.,
Huhtamaki BCP Ltd., Genpak LLC, Packaging Sales & Service Inc., Honeymoon
Paper Products Inc., and Menasha Corporation.
For instance, in June 2020, Southern
Champion Tray (SCT), a manufacturer of paperboard packaging for the bakery
industry, acquired Honeymoon Paper Products.
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