Baking Molds and Trays Market- Size, Growth, Trend - 2027

The baking molds & trays market, also called baking containers market, is estimated to reach US$ 773 Mn in 2021. Sales of baking molds & trays are likely to grow by ~6.3% CAGR between 2021 and 2031.After a period of tepid sales following the COVID-19 outbreak, the demand baking molds & trays is recovering 2021 onwards. As per Future Market Insights (FMI), the consumption of metal baking molds & trays over plastic is expected to increase 1.3 times by 2031.

Competitive Landscape

Companies operating in the baking molds & trays market are aiming at expansion and strategic partnerships with other manufacturers to expand their product manufacturing capabilities, product portfolio and global presence.

In July 2021, Guardini S.p.A. launched a B-Nat Line that is a high quality sustainable product which is 100% manufactured in Italy.
In March 2021, Nordic Ware undergoes expansion as home baking surges amid COVID pandemic. Company's sales increased by over 400% and construction is underway for 22,000 square foot addition to the fulfilment centre. Later on, Nordic Ware will move on to phase-2 of expansion by building 45,000 square foot of warehouse space.
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Key Companies Profiled

Nordic Ware
Guardini S.p.A.
SILIKOMART S.r.l.
Pavoni Italia S.p.A.
Hans Brunner GmbH
Dongguan AASIN Technology Co. Ltd.
Panibois
Bold Maker
TEMMA SHIKI
Rubber Silicone Molds
Schneider GmbH
How Will the Market Outlook for Baking Molds & Trays Compare Between 2021-2031 and 2016-2020?
The market for baking moulds and trays has expanded more quickly due to growth in the fast-moving consumer goods sector. In contrast to the 2.8% CAGR observed from 2016 to 2020, it is anticipated to increase at a rate of 6.3% CAGR from 2021 to 2031. According to predictions, the sector will make up about 1.8% of the bakery and confectionary market in 2021.

A worldwide economic boom has led to an increase in the consumption of bread and confectionery goods. Consumers in emerging economies have been spending more on food and food services due to increases in disposable income, and this trend is anticipated to continue throughout the course of the forecast period.

Key Takeaways from Baking Molds & Trays Market

By cavity type, multiple cavity segment is ahead and leading the global baking molds & trays market. With its cost effectiveness, target segment is estimated to hold lion's share of 80% during the forecast period.
On basis of material, silicone is mostly preferred in the market due to its durability, safety and hygienic properties. The same segment is anticipated to increase 2.02 times of current value, during next 10 years.
As per FMI experts, although industrial segment is expected to hold major chunk of the global market, commercial end use segment is expected to witness a gain of 150 bps of current value share by 2031, due to increasing health conscious youth preferring baked food over others.
East Asia and South Asia combined are anticipated to generate large financials for baking molds & trays market due to lower tax slabs and cheap labor and easy foreign investment laws. Collectively these two regions are estimated to create cumulative incremental opportunity of US$ 370 Mn by the end of 2031. On the other hand, mature markets of North America and Europe are expected to hold prominent market share of almost 37% by the year 2031.
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Will Demand for Hygienic Packaging Solutions Drive Baking Molds & Trays Market?

Increasing awareness about the use of hygienic packaging solutions for various food packaging applications in emerging economies offer immense growth opportunities to the baking molds & trays market.

Consumers are preferring ready to eat meals available in microwave and oven-safe packaging that suit their busy lifestyles and need for hassle free cooking operations. While demand is picking up globally, low penetration in some emerging economies due to fewer suppliers and manufacturers offering packaging solutions might hinder the growth of the market.

Baking Molds & Trays Market by Category

By Cavity Type:

Single
Multiple
By Material:

Plastic
Silicone
Metal
Wooden
Others
By End Use:

Commercial
Household
Industrial
By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania
Table of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis & Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients

This release was published on openPR.