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Global Microwave Packaging Market Share, Size, Trends, Growth, Analysis, Forecast: By Material: Plastics, Papers, Others; By Product: Trays, Folding Cartons, Cups, Tubs, and Bowls, Others; By Application: Fresh Prepared Foods, Frozen Foods, Shelf Stable Meals, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Microwave Packaging Market Outlook
The global microwave packaging market is expected to grow at a CAGR of 7.50% between 2024 and 2032. The market is being driven by the rising demand for convenience foods, frozen foods, and microwavable meals.
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Key Trends in the Market
Microwave packaging refers to a type of packaging which enables the process of reheating quickly and easily and without needing to transfer the food into another container. This type of packaging involves containers and packaging materials compatible with a microwave. Depending upon the food type, consistency, and volume, the type of microwave packaging most suitable can vary.
- The microwave packaging market is being driven by the thriving food and beverage sector, rising population, inflating disposable income, and increasing demand for high-quality microwavable food products. Over the forecast period, the anticipated increase in sale of microwaves across households is expected to fuel the demand for microwave packaging.
- Robust growth of supermarkets/hypermarkets across the emerging economies is improving the accessibility of popular microwavable meat, seafood, and veggies, leading to an escalation in the market growth. The thriving e-commerce sector is expected to offer lucrative opportunities to the market by propelling the sale of microwavable containers, food storages, multipurpose glass storage, and safe round containers, among other packaging products.
- Microwavable foods are convenient, easy to heat, and economical. In this regard, the increasing awareness about these benefits offered by microwavable foods is further bolstering the microwave packaging market dynamics. Technological advancements in microwaves, which include the incorporation of Wi-Fi, smartphone connectivity, and Bluetooth, enable heating schedule and adjustment of power levels, are further improving the microwaving experience of the consumers.
Market Analysis
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Based on material, the market is segmented into plastics, and papers, among others. On the basis of product, the market is classified into trays, folding cartons, and cups, tubs, and bowls, among others. By application, the market is segmented into fresh prepared foods, frozen foods, and shelf stable meals, among others. The regional markets for microwave packaging are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global microwave packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Westrock Company
- Inline Packaging
- Amcor Plc
- Graphic Packaging Holding Company
- Packaging Concepts Inc.
- Others
Market Share by Application
Based on application, the frozen foods segment accounts for a significant share in the microwave packaging market. Frozen food are usually pre-prepared, high quality, and flexible which is why these products are gaining traction among students, teens, and working adults. In addition, the increasing transition towards convenient and nutritional foods with high shelf life, is fuelling the demand for frozen sea food, frozen veggies, and frozen meat, among others.
Meanwhile, the shelf stable meals segment is expected to witness a heightened growth in the forecast period due to the increasing demand from across the commercial sector. Shelf stable meals such as fried rice, tuna noodle, oatmeal, salmon patties, and pasta, among others, are highly demanded which are adding to the microwave packaging market growth.
Market Share by Region
At a regional level, North America holds a significant share in the microwave packaging market which is being propelled by the growing demand for ready-to-eat microwavable food products. The widespread consumption of frozen foods in countries like the United States, growing preference for meal planning, and presence of microwaves in most homes are resulting in an increased demand for microwave packaging.
Meanwhile, Asia Pacific accounts for a growing share in the market majorly due to increasing penetration of microwaves across countries in the region, surging the demand for microwave packaging. An increasing working population and independent living is resulting in a heightened demand for foods that can be prepared conveniently and quickly, for which microwaves are a popular preference. Expansion of the frozen market is further leading to an increase in food items that can be prepared directly by microwaving.
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Competitive Landscape
Westrock Company is a leading packaging company which specialises in the manufacturing of folding paperboard boxes. The fibre-based packaging products produced by Westrock Company cater to the diverse demands of the food and beverage sector. The company was founded in 2015 and is currently headquartered in Georgia in the United States.
Inline Packaging was established in 1997 with headquarters in Minnesota in the United States. The company is a leader in microwave performance packaging which specialises in laminations that are used for foods to be browned or crisped in microwaves. Its packaging is utilised for trays, cartons, tubs, bags, and wraps, featuring the company’s active susceptor packaging technology.
Amcor Plc is a leading packaging company with headquarters in Victoria, Australia which manufactures flexible packaging, rigid containers, cartons, and microwavable packaging solutions, among others. Founded in 1896, the packaging services and solutions offered by this company cater to the demands of sectors such as food and beverage, pharmaceutical, medical-device, and home and personal care, among others.
Other market players include Graphic Packaging Holding Company, and Packaging Concepts Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microwave Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Microwave Packaging Historical Market (2018-2023)
8.3 Global Microwave Packaging Market Forecast (2024-2032)
8.4 Global Microwave Packaging Market by Material
8.4.1 Plastics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Papers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Microwave Packaging Market by Product
8.5.1 Trays
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Folding Cartons
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Cups, Tubs, and Bowls
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Microwave Packaging Market by Application
8.6.1 Fresh Prepared Foods
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Frozen Foods
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Shelf Stable Meals
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Microwave Packaging Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Microwave Packaging Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Microwave Packaging Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Microwave Packaging Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Microwave Packaging Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Microwave Packaging Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Westrock Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Inline Packaging
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Amcor Plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Graphic Packaging Holding Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Packaging Concepts Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microwave Packaging Market: Key Industry Highlights, 2018 and 2032
2. Global Microwave Packaging Historical Market: Breakup by Material (USD Million), 2018-2023
3. Global Microwave Packaging Market Forecast: Breakup by Material (USD Million), 2024-2032
4. Global Microwave Packaging Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Microwave Packaging Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Microwave Packaging Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Microwave Packaging Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Microwave Packaging Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Microwave Packaging Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Microwave Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Microwave Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Microwave Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Microwave Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Microwave Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Microwave Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Microwave Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Microwave Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Microwave Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Microwave Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Microwave Packaging Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 7.50% in the forecast period of 2024-2032.
The thriving food and beverage sector, rising population, increasing inclination towards convenient foods, and growing demand for frozen meat and sea food are the major drivers of the market.
The key trends in the market include the development of smart microwaves, augmented e-commerce sector, and growing research and development activities to produce eco-friendly packaging solutions.
Microwave packaging is a type of packaging which enables quick heating of foods using a microwave oven.
If the packaging is labelled as ‘microwave safe’, then the packaging is considered as microwavable.
The primary materials used in microwave packaging are plastics, and papers, among others.
The various products in the market are trays, folding cartons, and cups, tubs, and bowls, among others.
Fresh prepared foods, frozen foods, and shelf stable meals, among others, are the different applications of microwave packaging in the market.
The major regional markets for microwave packaging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Westrock Company, Inline Packaging, Amcor Plc, Graphic Packaging Holding Company, and Packaging Concepts Inc., among others, are the key players in the microwave packaging market, according to the report.
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