Quick Summary:
In an ever-evolving and competitive landscape, understanding key market trends is paramount for business success. The latest market research report provides invaluable insights and projections into the Global Microwave Packaging Market, forecasted to reach a substantial US$21.2 Billion by 2030, with a sector worth US$13.8 Billion tuning in as its 2022 baseline.
This comprehensive analysis delves into various market segments, with compelling data on rates of growth in areas such as Frozen and Fresh Food. Moreover, it furnishes a comparative analysis of the influence of powerhouses like the U.S. and China, as well as emerging players in the Asia-Pacific market. Featuring an in-depth profile of 83 key competitors, the report offers a holistic understanding of market competition and strategy. What sets this report apart, however, is the inclusion of special coverage topics relevant to the present global scenario, granting a unique competitive edge in strategic decision making. Make an informed investment that positions your business for success. Secure your copy today.
Global Microwave Packaging Market to Reach $21.2 Billion by 2030
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.
Select Competitors (Total 83 Featured) -
- Amcor Limited (Australia)
- American Packaging Corporation (USA)
- Ampac Packaging, LLC (USA)
- Associated Packaging Technologies, Inc. (USA)
- Bemis Company, Inc. (USA)
- Coveris (USA)
- DNP America, LLC (USA)
- Fold-Pak (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)
- Silgan Holdings (USA)
- Sirane (UK)
- Sonoco Products Company (USA)
- WestRock Company (USA)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Microwave Packaging?
What is the growth rate of the Global Market for Microwave Packaging?
What is the forecasted size of the Global Market for Microwave Packaging?
Who are the key companies in the Global Market for Microwave Packaging?
| Report Attribute | Details |
|---|---|
| No. of Pages | 294 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 13.8 Billion |
| Forecasted Market Value ( USD | $ 21.2 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amcor Limited
- American Packaging Corporation
- Ampac Packaging, LLC
- Associated Packaging Technologies, Inc.
- Bemis Company, Inc.
- Coveris
- DNP America, LLC
- Fold-Pak
- Graphic Packaging Holding Company
- Huhtamaki Oyj
- Inline Packaging LLC
- Mullinix Packages, Inc.
- Packaging Concepts, Inc.
- Printpack, Inc.
- SC Johnson & Son, Inc.
- Sealed Air Corporation
- Silgan Holdings
- Sirane
- Sonoco Products Company
- WestRock Company
