Dublin, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The "Microwave Packaging: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The Microwave Packaging market is integral to the global food packaging industry, facilitating convenient and quick food preparation. The report offers a granular analysis of market size, trends, and forecasts, along with a focus on key players and their competitive strategies. It provides insight into the technological innovations driving market growth, the impact of changing consumer behaviors, and the potential of emerging economies.
The report showcases the current state and future prospects of the global Microwave Packaging market and offers a thorough understanding of the market dynamics and competitive landscape.
Market Potential
- Projected Growth: Expected to surge from US$13.8 Billion in 2022 to US$21.2 Billion by 2030, growing at a CAGR of 5.5%.
- Sector Analysis: Frozen Food segment to grow at a 5.4% CAGR, with Fresh Food following at a revised 6.6% CAGR over the next eight years.
- Geographical Outlook:
- The U.S. Market currently values at $3.8 Billion.
- China to witness a robust 9.1% CAGR, promising an expansion to US$4.6 Billion by 2030.
- Japan and Canada to experience growth rates of 2% and 5.9% respectively.
- Europe, led by Germany, to follow with a 3% CAGR.
Key Findings
- Detailed analysis covering the Russia-Ukraine conflict, inflation trends, China’s policy shifts, supply chain challenges, and recession risks.
- Market positions of 83 featured competitors, emphasizing their global presence and market strategies.
Report Highlights
- In-depth coverage across multiple geographic regions with competitive insights and market trajectory predictions.
- Access to this report includes one-year complimentary updates and utilization of digital archives and research platforms.
Market Innovation and Drivers
- Advances in technology enhancing microwave cooking experiences.
- Susceptor and self-venting technologies, among others, making significant impacts.
- Lifestyles, demographics, and consumption patterns shaping the market's direction.
Global Market Perspective
- Comprehensive tables outline sales projections and market analysis across various regions and food categories.
With its broad scope and depth, the "Microwave Packaging: Global Strategic Business Report" is an invaluable resource for stakeholders and investors interested in the evolving microwave packaging market. It lays out the framework for understanding the market’s trajectory and identifies key opportunities for growth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 294 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $13.8 Billion |
| Forecasted Market Value (USD) by 2030 | $21.2 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Microwave Packaging: Redefining Convenience and Simplifying Food Preparation
- Recent Market Activity
- Microwave Packaging Market Set for Promising Growth
- Asia-Pacific to Spearhead Long-term Growth
- Frozen Foods Lead Microwave Packaging Market, Fresh Foods to Drive Future Growth
- Microwave Trays: Rising Demand for Microwavable Foods Bodes Well for Market
- Rising Popularity of Smaller Sized Packs
- Pouch Packaging Formats Gains Finds Favorable for Microwavable Foods
- Rising Demand for Microwavable Foods Aids Market Growth
- Competitive Scenario
- Microwave Packaging - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
- American Packaging Corporation
- Ampac Packaging
- Amcor
- Bemis Company
- Coveris
- DNP America
- Graphic Packaging Holding Company
- Huhtamaki
- Inline Packaging
- Mullinix Packages
- Packaging Concepts
- Printpack
- SC Johnson & Son
- Sealed Air
- Sirane
- Silgan Holdings
- Sonoco Products Company
- Associated Packaging Technologies
- WestRock Company
- Fold-Pak
MARKET TRENDS & DRIVERS
- Microwave Packaging Advancements Revolutionize the Microwave Cooking Experience: A Strong Growth Driver
- Susceptor Technology Catapults Microwave Packaging to New Heights
- Self-Venting Technology Enjoys Widespread Popularity
- Nanotechnology Forays into Microwave Packaging
- Microwave Packaging with Self-Heating Capability for Outdoor Users
- Sophisticated Processing and Packaging Technologies: High on Convenience
- MicVac Valve Technology Transforms Microwave Pasteurization
- MicroRite Technology for Frozen Food Cooking
- Disposable Steamers Enable Uniform Steam Cooking
- Laminated Packaging: Efficient and Advantageous
- Smart and Intelligent Packaging: The Next Big Thing
- Stand-Up-Pouches (SUP) Replace Rigid Pack Formats in Microwave Packaging
- Portable Microwave Unlocks Potential Possibilities
- Eco-Friendly Materials in Packaging Elicits Heightened Interest
- Other Key Innovations in Microwave Packaging
- Dual-Ovenable Lidding Films Market - Food Safety Capabilities Foster Demand
- Changing Lifestyles & Demographics Continue to Pull the Trigger on Growth
- Convenience Muscles Growth
- Pulsating Demand for Ambient Food Drives the Microwave Packaging Market
- Rising Energy Costs and Food Safety Concerns Drive Innovation in Microwave Packaging
- Plastics: The Preferred Microwave Packaging Material
- Demand for BOPP Films Bodes Well for the Microwaveable Packaging Market
- Microwave Packaging Responds to the Green Trend
- Rapid Urbanization Worldwide: A Key Growth Driver
- Burgeoning Middle Class Population Spurs Market Growth
- Favorable Food Consumption Patterns Strengthens Market Prospects
- Rising Preference for 'At Home' Food Consumption
- Packaged Foods Demand Patterns Focus on the "Microwavability" Factor
- Unabated Popularity of Microwaveable Foods
- Ready-to-Eat Food Drive Evolution of Specialized Packaging Profiles
- Microwaveable Snacks Combine Health and Convenience
- Demand for Frozen Foods Continue to Rise
- Changing Packaging Landscape for Shelf-Stable Foods
- Healthy Demand for Steam Cooked Vegetables
- Plastic Barrier Packaging Materials Dominate Technology Advancements in Food Packaging
- Advantages of Green Plastic Barrier Packaging Solutions
- Applications of Food Packaging Barrier Technology
- Future Adoption of Plastics Barrier Materials
- Harmful Chemicals in Fast-food Packaging & Wrappers
For more information about this report visit https://www.researchandmarkets.com/r/xjja75
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