Global Microwave Packaging Strategic Business Report: Susceptor Technology Catapults Microwave Packaging to New Heights

DUBLIN, Nov. 9, 2023 /PRNewswire/ -- The "Microwave Packaging: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Microwave Packaging estimated at US$13.8 Billion in the year 2022, is projected to reach a revised size of US$21.2 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Frozen Food, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$11 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fresh Food segment is readjusted to a revised 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 9.1% CAGR

The Microwave Packaging market in the U.S. is estimated at US$3.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.

FOCUS ON SELECT PLAYERS

• American Packaging Corporation (USA)
• Ampac Packaging, LLC (USA)
• Amcor Limited (Australia)
• Bemis Company, Inc. (USA)
• Bemis Company, Inc. (USA)
• Coveris (USA)
• DNP America, LLC (USA)
• Graphic Packaging Holding Company (USA)
• Huhtamaki Oyj (Finland)
• Inline Packaging LLC (USA)
• Mullinix Packages, Inc. (USA)
• Packaging Concepts, Inc. (USA)
• Printpack, Inc. (USA)
• SC Johnson & Son, Inc. (USA)
• Sealed Air Corporation (USA)
• Sirane (UK)
• Silgan Holdings (USA)
• Sonoco Products Company (USA)
• Associated Packaging Technologies, Inc. (USA)
• WestRock Company (USA)
• Fold-Pak (USA)

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)

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

GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/ezl2ra

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SOURCE Research and Markets

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