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Bakeable trays market

Bakeable Trays Market, By Product Type (Single Corrugated, Double Corrugated, and Others), By Compartment (One, Two, Three, and Others), By Application (Pharmaceutical, Food & Beverages, Cosmetics & Personal Care, Logistics & Transportation, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

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  • Mar 2023
  • CMI2462
  • 140 Pages
  • Excel & Pdf
  • Consumer Goods

The Global Bakeable Market was valued at US$ 1,416.6 Million in 2022 and is expected to reach US$ 2,199.7 Million by 2030, registering a CAGR of 5.65% during the forecast period of 2023-2030. Bakeable trays or direct-to-oven trays are used for baking food in oven at high temperature. Metals were initially used to manufacture bakeable trays, however, currently corrugated paper cardboards are used. Corrugated paper cardboard is lightweight, waterproof, and heat resistant that can sustain temperature up to 220ºC. Bakeable trays allow storage, transportation, and selling food products in a single container, which minimizes the packaging and product cost. Bakeable trays are majorly used in food & beverages industry for packaging of ready-to-eat or convenience foods. These trays are also used for roasting and baking food products such as pizzas, meat steaks, confectionary items, pasta, and others.

Global Bakeable Trays Market- Impact of Coronavirus (Covid-19) Pandemic

Numerous industries experienced economic crises during COVID-19, and the global market for bakeable trays was severely impacted by the virus's spread. Governments imposed a nationwide lockdown to stop the spread of corona virus disease, which significantly damaged the raw material supply chain and loomed over the production cycle of the global bakeable trays market. Government restrictions on bakeries, restaurants, and hotels, three industries that use bakeable trays extensively, led to a sharp decline in demand for the product. E-commerce significantly contributed to the improvement of the bakeable trays supply chain and its resurgence.

Global Bakeable Trays Market - Growth Drivers

  • Health and Sustainability

Consumers are becoming more health conscious and environmentally aware, which is driving the demand for bakeable tray made for sustainable and eco-friendly materials. This factor may lead to significant growth throughout the forecast period.  For instance, The Pampered Chef, Ltd. is one of America's top direct-selling organizations. It was founded in 1980 by Doris Christopher. Paperchef offers parchment paper baking cups made from unbleached, chlorine-free, and compostable paper.

  • Increase in Home Baking

With more people spending time at home during the COVID-19 pandemic, there has been an increase in home baking. Bakeable trays offer a convenient solution for home bakers who want to experiment with new recipes or bake for their families. For instance, Wilton Industries, Inc. operates as a food crafting company. The Company offers baking, cake decorating, candy and cookie making, wedding, baby, party, seasonal, kitchen, and hydration products for the specialty home products industry. This Wilton industries has seen as increase in sales of its silicone bakeable trays, which are non-stick and easy to clean, making them a popular choice for home bakers.

  • Increase demand in Convenience Stores

Bakeable trays are a popular item in convenience stores, where consumers are looking for quick and easy meal solutions. For instance, the brand Good Cook sells bakeable trays specially designed for convenience stores, with single-serve portion of breakfast items such as sausage and egg breakfast sandwiches. This factor in bakeble trays market, may generate the driving growth throughout the forecast period.

Global Bakeable Trays Market – Restraints

  • Limited Availability of Raw Materials

The availability of raw materials such as aluminium, steel, silicone, could impact the production and distribution of bakeable trays. In situations where the availability of raw materials is low, the cost of produce bakeable trays can increase, as manufacturers may need to source materials from alternative suppliers or regions. For instance, if there is a shortage of aluminium or steel, manufacturers may face challenges in producing bakeable trays, which could impact their sales. This restraining factor may hinder the growth of the bakeable trays market.

Figure 1. Global Bakeable Trays Market, By Application, 2022

Among application, the food & beverages segment accounted for a significant market share in the global bakeable trays market in 2022. Bakeable trays are majorly used in the food & beverages industry for packaging of ready-to-eat or convenience foods. Changing lifestyle and increasing disposable income are expected to increase demand for ready-to-eat or convenience food products by the forecast period (2023-2030). For instance, according to the Trading Economics Statistics on U.S. Disposable Personal Income, the disposable personal income in the populace of the U.S increased to USD 19594.76 Billion in January 2022 from USD 19207.40 Billion in December of 2021.

Bakeable Trays Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 1,416.6 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 5.65 % 2030 Value Projection: US$ 2,199.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product type: Single Corrugated, Double Corrugated, Others (triple corrugated, etc.)
  • By Application: Pharmaceutical, Food & Beverages, Cosmetics & Personal Care, Logistic & Transportation, Others (retail stores, etc.)
  • By Compartment: One, Two, Three, Others (Four, etc.)
Companies covered:

iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd., Packaging Sales & Service Inc., Menasha Corporation, Honeymoon Paper Products Inc., Tielman Sweden AB, Genpak LLC, Northland Aluminum Products Inc., and Laminating Technologies Industries LLC
Growth Drivers:
  • Health and Sustainability
  • Increase in Home Baking
  • Increase demand in Convenience Stores
Restraints & Challenges:  

Global Bakeable Trays Market – Regional Insights

Asia Pacific accounted for the largest market share in 2022, owing to growing the food & beverages industry. Bakeable trays are used in the bakery industry to store, bake, ship, and display single served baked goods such as cupcakes, muffins, and others. Growth of bakery industry in the region is expected to increase demand for bakeable trays. For instance, according to the Ministry of Food Processing Industries and Government of India, the bakery sector is further estimated to grow through the forecast period at a CAGR of 9.62% between 2023 and 2030 to reach a value of USD 17.55 billion by 2030. The Indian bakery market is being supported by the thriving biscuits and cookies industry.

North America accounted for the second largest market share in 2022. For instance, according to the Food and Agriculture Organization of the United Nations in 2021, North America accounted for 16.9% of the world’s food supply.

Europe has huge potential on bakeable trays market and growing demand significantly in this region. For instance, the European bakery market was valued at US$ 185.38 billion in 2021, and it is expected to grow a CAGR 4.4% during the forecast period of (2023-2030).

Figure 2. Global Bakeable Trays Market, By Region, 2022

Global Bakeable Trays Market - Recent Developments

  • Ivex Packaging, introduced bakeable trays coated with PE lamination which eliminate the use of specialized sprays for baking. In1952 Entered Singleface business, Introduced single face to compete locally in the upper Midwest against Sherman Paper Products.
  • In 2016,Multivac Inc. Launched dual ovenable Mylar BAKE film coated product range. The product is designed for cooking meat and has self-venting property, which increases the shelf life.
  • In 2016, Tielman Sweden AB acquired Fin Form A/S, a Denmark-based company that manufactures paper baking cups. The acquisition helped Tielman to expand its product portfolio in bakeable packaging solutions and strengthened its presence in global bakeable trays market.

Global Bakeable Trays Market - Key Players

Major players operating in the global bakeable trays market include iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd., Packaging Sales & Service Inc., Menasha Corporation, Honeymoon Paper Products Inc., Tielman Sweden AB, Genpak LLC, Northland Aluminum Products Inc., and Laminating Technologies Industries LLC.

Definition:   Bakeable tray is a sheet pan, also referred to as baking tray, baking sheet, or baking pan, is a flat, rectangular metal pan placed in an oven and used for baking pastries such as bread rolls, cookies, sheet cakes, Swiss rolls, and pizzas.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Compartment
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Key Industry Trends
      • List of Major Players, By Region
      • Overview of the Parent Industry
  4. Global Bakeable Trays Market, By Product Type, 2017 - 2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Single Corrugated
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Double Corrugated
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Others (triple corrugated, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
  5. Global Bakeable Trays Market, By Compartment 2017 - 2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • One
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Two
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Three
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Others (Four, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
  6. Global Bakeable Trays Market, By Application, 2017 - 2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Cosmetics & Personal Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Logistic & Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
    • Others (retail stores, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Mn)
  7. Global Bakeable Trays Market, By Region, 2017 - 2030 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Region, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Rest of South America
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2030
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
    • Middle East
      • Market Share Analysis, By Sub-region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Sub-region, 2017 - 2030
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Rest of Middle East
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
    • Africa
      • Market Share Analysis, By Sub-region, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, By Sub-region, 2017 - 2030
        • Northern Africa
          • Country/ Regional Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • Central Africa
          • Country/ Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
        • South Africa
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Compartment, 2017 - 2030 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2030 (US$ Mn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • iVEX Protective Packaging Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DuraCorp LLC
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Huhtamaki BCP Ltd.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Packaging Sales & Service Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Menasha Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Honeymoon Paper Products Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tielman Sweden AB
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Genpak LLC
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Northland Aluminum Products Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Laminating Technologies Industries LLC
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 65 market data tables and 40 figures on " Global Bakeable Trays Market - Global forecast to 2030”.

Detailed Segmentation:

  • Global Bakeable Trays Market, By Product Type:
    • Single Corrugated
    • Double Corrugated
    • Others
  • Global Bakeable Trays Market, By Compartment:
    • One
    • Two
    • Three
    • Others
  • Global Bakeable Trays Market, By Application:
    • Pharmaceutical
    • Food & Beverages
    • Cosmetics & Personal Care
    • Logistic & Transportation
    • Others
  • Global Bakeable Trays Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Canada
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Germany
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Italy
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • France
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Russia
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Rest of Europe
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • India
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Japan
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • ASEAN
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Australia
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • South Korea
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Mexico
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Rest of Latin America
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Israel
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Rest of Middle East
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
    • Africa
      • Northern Africa
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • Central Africa
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
      • South Africa
        • By Product Type:
          • Single Corrugated
          • Double Corrugated
          • Others
        • By Compartment:
          • One
          • Two
          • Three
          • Others
        • By Application:
          • Pharmaceutical
          • Food & Beverages
          • Cosmetics & Personal Care
          • Logistic & Transportation
          • Others
- Frequently Asked Questions -

What are the growth estimates for bakeable trays market till 2030?

The global bakeable trays market is estimated to surpass US$ 2,199.7 Million by 2030.

Which are the prominent market players across the globe?

Major players operating in the global bakeable trays market include iVEX Protective Packaging Inc., DuraCorp LLC, Huhtamaki BCP Ltd., Packaging Sales & Service Inc., Menasha Corporation, Honeymoon Paper Products Inc., Tielman Sweden AB, Genpak LLC, Northland Aluminum Products Inc., and Laminating Technologies Industries LLC.

Which segment based on application, accounted for the highest demand in the market?

Among application, food & beverages segment accounted for a significant market share in the market in 2022.

What are the key factors driving growth of the market?

Increasing home baking and Health and sustainability are the major factors that is expected to propel the market over the forecast period.

What is the compound annual growth rate (CAGR) of the market for next 8 years?

The market is estimated to exhibit a CAGR of 5.65% over the forecast period (2023-2030)

Which region held the largest market share in the market?

Among regions, Asia Pacific accounted for the largest market share in 2022.
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