About Microwave Packaging
The microwave packaging is a specialized packaging technique, which is used majorly for cooking or heating the products in the microwave oven. This packaging alters the heating pattern of food by releasing or tapping the water vapor inside the packages. The adoption of application is depends on the thermal stability and compatibility of the product under high temperature and pressure. The future of microwave packaging solutions will use powerful sensors, fuzzy logic, digital displays and other automated features which will provides improvement of the microwave cooking experience. Product packages of the next generation will be designed to intelligently communicating with the consumer when to stir, uncover, add salt, and other parameters. There are many factors in the market that can affect the development of microwave packagings such as product characteristics including shape, size, density, presence of salt, and many more.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Microwave Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Berry Global Group (United States), Amcor (Australia), Bemis Company (United States), Coveris Flexibles (Austria), Graphic Packaging International (United States), Sealed Air (United States), DNP America (United States), The Freedonia Group, Inc. (United States), Sonoco (United States) and In-Line Packaging Systems (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fold-Pak (United States), Genpak (United States), Huhtamaki Group (India), Printpack (United States) and Silgan Holdings (United States).
Segmentation Overview
AMA Research has segmented the market of Global Microwave Packaging market by , Application (Frozen Foods, Fresh Prepared Foods, Shelf-Stable Meals, Snack Foods and Others) and Region.
On the basis of geography, the market of Microwave Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Products, the sub-segment i.e. Folding Cartons will boost the Microwave Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastics will boost the Microwave Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Production Process and High Adoption for the Frozen Food Application
Market Growth Drivers:
Increasing Demand for Time Saving and Convenience Packaging From Food Industry, Rising Number of Applications Regarding Online Food Delivery Solutions, Growing Demand for Warms Food Packaging Services Is Driving the Market Growth and Growing Concern towards the Benefits of Nutrient Retaining Packaging
Challenges:
Fluctuation in Foreign Currency Exchange Rates
Restraints:
High Cost Associated With Raw Materials
Opportunities:
High Growth in the Foods Developed Majorly For Microwave Preparation and Rising Ratio for Younger Age Peoples
Market Leaders and their expansionary development strategies
In October 2023, CML Micro, a global leader in communication semiconductors, has acquired of Microwave Technology, Inc., a distinguished compound semiconductor company headquartered in Silicon Valley. This acquisition marks a pivotal moment in CML Micro's strategic growth and product development.
In April 2022, ProAmpac is launched a monomaterial film for microwave vegetable steaming. The PE-based solution fulfills the market requirements for a recyclable packaging option that withstands the demands of a microwave heating environment.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Microwave Packaging Service Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.