Microwavable containers allow food to be re-heated or cooked in a microwave oven without damaging the container which has revolutionized, not only the food industry but also the packaging industry. Microwavable containers market has amplified after the arrival of ready-to-heat-and-eat food, which could be heated in the microwave oven and consumed instantly.
Microwavable containers are high temperature-bearing, leak-proof, sealed and lightweight containers, which are easy to carry and are re-usable. This not only increases the shelf life of the food packed inside but also makes it very convenient to purchase and consume. Allowing food to be heated in the package itself is time and effort saving, which gives a huge boost to the microwavable containers in the competitive marketplace. Microwavable containers go through FDA testing to assure that, at a certain temperature reached in the microwave oven, the amount of chemicals that infiltrate out of the plastic are no more than 1,000 times less than the amount shown to damage lab animals.
Food technology has played a vital role in the microwavable containers market, the introduction of susceptor technology in the microwave packaging has aided food to be heated aptly, overcoming limitations of microwave ovens such as browning and overheating. The extensive acceptance of this technology has fostered the development of the international microwave packaging market. Microwavable containers market is highly affected by the microwave market, ready-to-heat meal market and frozen food market. Rapid urbanization and reception of modern technology could be considered as influencers for the microwavable containers market affirmatively.
For good performance, microwavable containers need to stand out on the following points:
Globally, microwavable containers market could be segmented further on the basis of product, packaging segment and material used:
On the basis of product-
On the basis of end-use-
On the basis of material used-
With the existence of heavily populated and developing economies such as Southeast Asian countries, China, and India, Asia-Pacific is projected to have an above-average growth for the microwavable containers market. China holds the most substantial segment in the market, ahead of the United States, crediting its major food and beverage ingestion. Major Indian cities, with urbanization and variation in lifestyle, coping with fast-paced work-life and dependency on online food platforms like Zomato and Swiggy for food are rapidly changing the dynamics of the foodservice industry which can widely affect the microwavable containers market as these platforms are huge clients to this market.
Some of the key players operating in the global microwavable containers market are- American Packaging Corporation, ProAmpac Packaging, LLC, Amcor Plc, Berry Plastics Corporation, Coveris Holdings, DNP America, LLC, Graphic Packaging Holding Company, Huhtamaki Oyj, Mullinix Packages, Inc., Packaging Concepts, Inc., Printpack, Inc., SC Johnson & Son, Inc., Sirane, Biopac India Corp Ltd. Prominent players in the market for microwavable containers dominate the global market and have acquired many other regional players.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments of the microwavable containers market. The report also maps the qualitative impact of various market factors on microwavable containers market segments and geographies.
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