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Microwave Packaging - Global Market Outlook (2019-2027)

Microwave Packaging - Global Market Outlook (2019-2027)

Published: June 2020 ID: SMRC19394
Published: June 2020 ID: SMRC19394

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Microwave Packaging Market is expected to grow at a CAGR of 10.2% during the forecast period. Rise in requirement for convenient packaging solutions and growth in requirement of easy to prepare food are the major factors driving the market growth. However, use of plastic in this packaging is restraining the market growth.

Microwave packaging enables food to be heated or cooked in a microwave oven inside the microwave package itself. The property of thermal conductivity empowers heat transfer between the food and oven. There are two sorts of microwave packaging: microwave transparent package (permits microwaves to penetrate through the material) and microwave active package (permits the microwaves to be modified by the utilization of susceptors or reflectors). 

Based on product, the pouches segment is likely to have a huge demand as consumers are increasingly adopting it, as it is light weight, less expensive and durable. Additionally it maintains the quality, freshness, and nutrient levels of food and beverages, and protects food from antimicrobial growth. By geography, Middle East & Africa is going to have a lucrative growth during the forecast period due to the exponential demand for fresh food and frozen food. The region offers significant growth potential to the vendors in the market.

Some of the key players profiled in the Microwave Packaging Market include Sonoco, Sealed Air, Printpack, Inline Packaging, Huhtamaki Group, Graphic Packaging International, Genpak, Fold-Pak, DNP America, Coveris Flexibles, Berry Global Group, Bemis Company, Ampac Holdings and Amcor.

Materials Covered:
• Paper
• Plastics

Products Covered:
• Bags
• Cups, Tubs, and Bowls
• Films
• Folding Cartons
• Food Containers
• Pouches
• Sleeves
• Trays

Applications Covered:
• Snack Foods
• Shelf-Stable Meals
• Frozen Food
• Fresh Food   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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