Dual-Ovenable Trays & Containers Market to Grow at 3.3% CAGR by 2026
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According to the latest market report published by Transparency Market Research (Albany, N.Y., USA) titled Dual-Ovenable Trays & Containers Market: Global Industry Analysis and Forecast 2018-2026, the Global Dual-Ovenable Trays & Containers Market is estimated to be valued at $1,554.5 million in 2018 and is expected to grow at a CAGR of 3.3% during the forecast period (2018-2026).
The global dual-ovenable trays & containers market has witnessed lucrative growth during the past few decades due to an increase in the demand for convenient packaging solutions. The global dual-ovenable trays & containers market by product type has been segmented into trays, bowls, clamshells, and lids.
By material type, the global dual-ovenable trays & containers market is segmented into paperboard, C-PET, A-PET, PP, PE, and others.
By end use, the dual-ovenable trays & containers market is segmented into meat, seafood, and poultry, snacks food, ready-to-eat meals, frozen food, bakery products, and others. Among end-use segments, the ready-to-eat meals segment is estimated to dominate the market during the forecast period with an estimated market value of 47.1% in 2018. This segment is expected to create an incremental $ opportunity of $243.3 million during the forecast period. The frozen food segment is estimated to reach an estimated market value of 25.0% in 2026.
Among geographic market segments, the North America region is anticipated to lead the global dual-ovenable trays & containers market during the forecast period. North America is projected to register a CAGR of 3.3% by value during the forecast period.
