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Microwave Packaging Market Share

Report ID: GMI11872
Published Date: Oct 2024
Report Format: PDF

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Microwave Packaging Market Share

In the microwave packaging industry, competition is driven by factors such as convenience, sustainability, and performance. Key players compete by developing eco-friendly materials like biodegradable and recyclable packaging to meet rising consumer demand for sustainability. Convenience features, such as heat-resistant designs that ensure even cooking and kid-friendly formats, also play a significant role. Price competitiveness is crucial, especially for high-volume food producers. Companies are also differentiating through innovative technologies like susceptors for better crisping and venting systems for steam control, which improve the overall cooking experience. Distribution partnerships with major food brands and retailers are critical for market penetration.

Microwave Packaging Market Companies

Major players operating in the microwave packaging industry are:

Amcor
Berry Global Group
Cube Packaging Solutions
Dart Container Corporation
Envaplaster
Graphic Packaging International
Huhtamaki Group
Inline Packaging
Mondi Group
Plus Pack
ProAmpac
Sabert Corporation
SC Johnson & Son
Sealed Air Corporation
Sirane
Sonoco Products Company
Stora Enso
TC Transcontinental Packaging
Toppan
WestRock Company

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for microwave packaging was valued at USD 16.3 billion in 2023 and is projected to exceed USD 30 billion by 2032, driven by a CAGR of 8.1% from 2024 to 2032.

The bags & pouches segment is expected to surpass USD 10 billion by 2032, due to its versatility and convenience in packaging a wide range of food products.

North America held over 30% of the global market in 2023, driven by the demand for convenient meal solutions and the popularity of ready-to-eat products.

Major players include Amcor, Berry Global Group, Cube Packaging Solutions, Dart Container Corporation, Envaplaster, Graphic Packaging International, Huhtamaki Group, Inline Packaging, and Mondi Group, driven by their continuous innovation in sustainable packaging solutions.