Global Microwave Packaging Market 2017-2021

Overview of the global microwave packaging market

Technavio's market study identifies the demand for convenient packaging solutions such as flexible packaging to be one of the primary growth factors for the microwave packaging market. With the rising need for convenient and portable packaging solutions, the recent years witnessed a considerable increase in the need for convenient packaging solutions. This demand will drive the need for microwave packaging which enable the incorporation of self-vending and steaming technologies that are capable of heating the frozen food and removing steam. These packages are available in the form of pouches and have thinner dimensions which helps in reducing the cooking time. This flexible packaging have an adequate outer layer that withstands cold temperatures and can high-temperature heat. Additionally, they can also be personalized according to the customer's demands. Such advantages will increase the demand for convenient packaging, which in turn, will fuel the growth of the microwave packaging market. Our market research analysts estimate that this market will grow at a CAGR of more than 8% by 2021.

The increasing adoption of pouch packaging will be one of the key trends that will gain traction in the microwave packaging market during the next four years. Consumers are increasingly adopting pouch packaging as it is light weight, less expensive, durable, customizable, and has an aesthetic appeal. Additionally, pouch packaging contains the features of multi-level laminates that maintain the quality, freshness, and nutrient levels of food and beverages, and protect food from antimicrobial growth. With the rising demand, packaging pouch vendors are focusing on developing sustainable, eco-friendly, biodegradable, and non-toxic stand up pouches.

Competitive landscape and key vendors

The microwave packaging market is highly competitive due to the presence of several international and regional players. The local players offer customizable premium features at low prices. The high growth potential of the market is encouraging new players to enter the market. However, they find it difficult to compete with the established players in terms of innovative features and services offered. Substantial investment in R&D activities and increasing M&A among microwavable food packaging vendors will contribute to the growth of the microwavable container market.

The leading vendors in the market are -

• Amcor
• Ampac Holdings
• Berry Global Group
• Graphic Packaging International
• Sealed Air

The other prominent vendors in the market are Bemis Company, Coveris Flexibles, DNP America, Fold-Pak, Genpak, Sonoco, Huhtamaki Group, Inline Packaging, Printpack, and Silgan Holdings.

Segmentation by application and analysis of the microwave packaging market

• Frozen Food
• Fresh Food
• Shelf-Stable Meals

The demand for microwavable packaging for frozen and processed food is influenced by the growing demand for ready-to-eat foods, the increase in disposable income, technological advances in packaging, and the widespread acceptance of microwave ovens. Additionally, the aesthetic appeal, convenience, features, and material properties provided by the frozen food packaging will also contribute to the growth of the microwavable container market.

Geographical segmentation and analysis of the microwave packaging market

• Americas
• APAC
• EMEA

Owing to the exponential demand for fresh food and frozen food, EMEA offers significant growth potential to the vendors in the microwavable containers market. Major manufacturers such as Amcor have major operational facilities in European countries including France, Germany, UK, and Switzerland. The popularity of flexible packaging will be a major factor that will augment the growth prospects of the microwave packaging market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global microwave packaging market?
• What are the key market trends impacting the growth of the global microwave packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global microwave packaging market?
• What are the market opportunities and threats faced by the vendors in the global microwave packaging market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global microwave packaging market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming report on the global microwave packaging market is an integral part of transportation and logistics industry. Technavio offers an extensive collection of research reports by collecting data and insights from vendors, manufacturers, transportation companies, and end users, and provides an accurate forecast for the markets in the packaging sector.

Technavio reports help the clients identify persisting business problems and provide relevant solution alternatives by gathering insights into the industry growth which is forecasted using data collected from qualitative and quantitative research tools such as market size and market share analysis, drivers, trends, and challenges analysis, and vendor analysis. This market study also offers a complete market landscape analysis based on the information gathered from specific resources such as R&D facilities, channel partners, customers and other key stakeholders.

The upcoming report on the global microwave packaging market also considers the growth of related markets such as the molded fiber packaging market and paper cups and containers market which are expected to grow at the rate of 7% and 2%, respectively, for the forecast period of 2017 to 2021. The report on the global microwave packaging market also provides segregated data and insights as per different segmentation criteria such as segmentation by geography, by train type, and end user. The report covers geographic regions such as the Americas, EMEA, and APAC to give a complete overview of the geographical segments. Amcor, Ampac Holdings, Huhtamaki, Berry Plastics, and Sealed Ai are some of the vendors influencing the growth and stability of this market.

The upcoming report for global microwave packaging market also identifies the key drivers, emerging trends, and challenges in the transportation and logistics industry. Along with this, the report also provides detailed insights into packaging and warehouse and storage.