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Microwave Packaging - Global Market Trajectory & Analytics

  • ID: 1244816
  • Report
  • April 2021
  • Region: Global
  • 227 Pages
  • Global Industry Analysts, Inc
Global Microwave Packaging Market to Reach $18.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Microwave Packaging estimated at US$11.8 Billion in the year 2020, is projected to reach a revised size of US$18.9 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027. Frozen Food, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fresh Food segment is readjusted to a revised 8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 10.5% CAGR

The Microwave Packaging market in the U.S. is estimated at US$3.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2027 trailing a CAGR of 10.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Shelf-Stable Meals Segment to Record 7.3% CAGR

In the global Shelf-Stable Meals segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2027, while Latin America will expand at a 8.7% CAGR through the analysis period.

Select Competitors (Total 83 Featured):
  • Agency for Medical Innovations GmbH
  • Angiologica B.M. SRL
  • Aspide® Medical
  • Assut Europe S.p.A.
  • Atrium Medical
  • B. Braun Melsungen AG
  • Cook Medical, Inc.
  • Cousin Biotech
  • Davol, Inc.
  • Ethicon, Inc.
  • FEG Textiltechnik mbH
  • Lotus Surgicals Pvt. Ltd.
  • Maquet Holding B.V. & Co. KG
  • Medtronic, Inc.
  • Proxy Biomedical Ltd.
  • W. L. Gore & Associates, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. 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
  • Impact of Covid-19 and a Looming Global Recession
2. 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)
3. 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
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 83
Note: Product cover images may vary from those shown
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