The microwave packaging market report, an analyst said: "One trend boosting market growth is the rising demand for small-sized packs. Growing number of single-person households has led to increased demand for food products in small-sized packs. This has compelled packaging companies to expand their product and material offerings to meet customer requirements. Small-sized packs use less shelf space, which allows merchants to stack more products and thereby increase shelf presence. It also provides an option of brand switching. The use of small-sized packs is a market strategy that entices consumers to try new products."
a key growth driver is the development of smart and intelligent packaging solutions. The introduction of food and beverage packaging materials with improved properties like mechanical, barrier, and antimicrobial properties help retain the food quality while eliminating the need of using preservatives and additives. In September 2015 at the Pack Expo in Las Vegas, US, Multisorb Technologies introduced specially designed dispensers for oxygen absorbers and desiccants, which unlike artificial preservatives help in preserving quality and preventing spoilage without affecting the food quality.
The growing demand for innovative packaging solutions will propel the growth of the market during the forecast period. A rise in the consumption of ready-to-eat food products has led to an increase in the demand for packaging technologies that can extend the shelf life of these products. In addition, the growing demand for fresh foods and the increasing popularity for shelf-stable meals will also boost the market growth.
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The report, Global Microwave Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global microwave packaging market for 2016-2020. To calculate the market size, in terms of revenue, the report considers the sale of microwave packaging products for different end-user applications.
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Key players in the global microwave packaging market: Amcor, Ampac Holdings, Berry Plastics, Graphic Packaging, Huhtamaki, Sealed Air, Sonoco, and WestRock. Other Prominent Vendors in the market are: Bemis Company, Colorpak, Coveris, DNP America, Fold-Pak, Genpack, Inline Packaging, Mullinix Packages, Packaging Concepts, Printpack, Rexam, Robbie Fantastic Flexibles, Silgan, Smurfit Kappa, and TCL Packaging.
Further, the report states that one challenge that could restrict market growth is the volatility in raw material costs.
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