Global Microwave Packaging Market 2017-2021
About Microwave Packaging
Microwave packaging enables food to be heated or cooked in a microwave oven within the microwave package itself. The property of thermal conductivity enables heat transfer between the food and oven. There are two types of microwave packaging: microwave transparent package (allows microwaves to penetrate through the material) and microwave active package (allows the microwaves to be modified by the use of susceptors or reflectors.)
Technavio’s analysts forecast the global microwave packaging market to grow at a CAGR of 8.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global microwave packaging market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Microwave Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global microwave packaging market: Amcor, Ampac Holdings, Berry Global Group, Graphic Packaging International, and Sealed Air.
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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for small sized or single serving packs. The demand for single serving packaged food has been increasing due to busy schedules, coupled with the need for adequate food quantities suiting individual needs. The growing number of single-person households has resulted in the growing demand for small sized or single serving packages. The demand for convenient food packages has spurred the growth of this market. This kind of packaging helps the customer to store and use the products as per individual needs.”
According to the report, one of the major drivers for this market is Rise in demand for easy to prepare and processed food. With the growing demand for convenient and easy to use food products, the demand for packaged food and processed food have increased. The surge in demand for such products can be attributed to the changing lifestyle. The requirement for healthy and nutritious food, despite the lack of long hours to be spent on cooking, proves advantageous to the packaged and processed foods industry as they offer food products in an easy to prepare and hassle-free consumable manner.
Further, the report states that one of the major factors hindering the growth of this market is Use of plastic in microwavable packaging. Microwavable containers or trays are generally made of plastic, such as polypropylene (PP), polystyrene (PS), and polyethylene terephthalate (PET). Microwave packaging chiefly uses two types of materials, namely, microwave transparent plastics and microwave susceptors. In microwave transparent plastics, the microwave rays enter the transparent material, which is then absorbed by the food. In microwave susceptors, the material absorbs the microwave energy and transfers it to the food. These are usually made by laminating PET films coated with aluminum on paperboards.
Amcor, Ampac Holdings, Berry Global Group, Graphic Packaging International, Sealed Air, Bemis Company, Coveris Flexibles, DNP America, Fold-Pak, Genpak, Sonoco, Huhtamaki Group, Inline Packaging, Printpack, and Silgan Holdings.
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