According to analysts at Future Market Insights, the global baking moulds and trays market is expected to see significant growth due to increased demand for fast-moving consumer goods and bakery and confectionery products. The market is forecast to grow at a CAGR of 6.3 percent from 2021 to 2031 and create incremental opportunities worth US$684 million. This growth is driven by factors such as increasing awareness of hygienic packaging solutions, consumers preferring ready-to-eat meals, and collaborations between market players and local players. The COVID-19 crisis initially caused a decrease in demand due to disruptions in the supply chain, but food and food service saw a rise in demand once supply resumed. The USA is the most profitable market, with 80 percent of the share in North America, while China and India are also lucrative markets in East and South Asia, respectively.
Global Demand for Baking Trays and Moulds
