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Microwave Packaging Market Size

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

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Microwave Packaging Market Size

The global microwave packaging market was valued at USD 16.3 billion in 2023 and is estimated to grow at a CAGR of 8.1% from 2024 to 2032. The market is growing due to increasing demand for convenient, ready-to-eat meals, driven by busy lifestyles and urbanization.

microwave packaging market

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Additionally, rising environmental concerns have prompted manufacturers to develop sustainable, microwave-safe materials, such as paper-based and recyclable packaging. Technological advancements in food packaging, coupled with the expansion of the frozen and processed food industries, further fuel market growth worldwide.

Microwave Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Microwave Packaging Market Size in 2023:	USD 16.3 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.1%
2024 – 2032 Value Projection:	USD 30 Billion
Historical Data for:	2021-2023
No. of Pages:	240
Tables, Charts & Figures:	295
Segments covered:	Packaging Type, Material, Application
Growth Drivers:	Rising demand for convenience foods Environmental sustainability trends Urbanization and changing lifestyles Growth of the frozen food industry
Pitfalls & Challenges:	Meeting regulatory and environmental standards Balancing material sustainability and performance

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For instance, in October 2023, Nissin Foods USA announced a major shift to sustainable packaging for its iconic Cup Noodles. The new microwavable paper cup, made from 40% recycled fiber and featuring a 100% recycled paper sleeve, replaces the long-standing polystyrene cup. This transition aims to meet consumer demand for environmentally friendly packaging solutions.

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.