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Self-Heating Food Packaging Market Size, Share, Growth, Industry Trends and Forecast 2016 - 2024

06-21-2018 11:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.biz

Self-Heating Food Packaging Market Size, Share, Growth,

Self-heating food packaging is a type of packaging which has the ability to heat food contained without external heating sources or power. Self-heating food packaging use an exothermic chemical reaction to cook food. Self-heating food packaging is used when conventional cooking is not available, for example, during natural disasters or in military operations. To heat the food, the consumer has to simply press a button at the bottom of the package. The compact modular heat source in the self-heating food packaging is just the size of a small tea candle. This food-safe material which is utilized in self-heating packaging not only provides high energy content but also a controlled rate of thermal emissions, i.e., heat. The end result is the consumer gets the food heated in hand with less than two minutes. The material used in Self-heating food packaging is safe to use with no liquid spills, no smoke and flames, and is also easy to hold.

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The self-heating food packaging market can be segmented on the basis of packaging type, food type and on the basis of region. On the basis of packaging type, the self-heating food packaging market can be segmented into cans, containers, packs, bags and others. On the basis of food type, the self-heating food packaging is segmented into meals, baby foods, soups, noodles, meat, tea and coffee. On the basis of region, the self-heating food packaging is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa (MEA). Demand for sustainable packaging material has become a trend in the self-heat food packaging industry due to the latest advancements and significant benefits offered by the method and also, the use of high barrier sheets assure that important aspects related to food such as its safety, consumer convenience and attractive design is taken care of. All these supporting factors have led to the increased demand for self-heating food packaging.

The primary target market for self-heating food packaging are the companies producing beverages and shippable soups, particularly those beverages that can be served hot. Convenience innovation is driving the growth of self-heating food packaging market as a majority of the consumers or population follow a busy lifestyle and seek fast and easy-to-use options. A majority of the food packaging companies identify self-heating food packaging as a consumer need with large market opportunity, including the need to use latest technology. Production design is based on the existing high speed automated manufacturing machinery and process. Materials used are environmentally safe and also recyclable before and after activation and safe for disposal as consumer waste including recycling of these types of packages.

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As people’s lifestyles around the globe become more complex, the demand for convenient eating options has gone up by 40% in the last three to four years, which in turn is propelling the demand for self-heating food packaging market across regions. North America is the largest self-heating food packaging market followed by Europe and Asia Pacific self-heating food packaging markets due to rapid lifestyle changes, and economic growth coupled with rising population in countries like China and India has raised the growth rate of self-heating food packaging market. North America and Europe account for the largest share of canned heated food consumption across the globe followed by Latin America and Middle East and Africa (MEA) market for self-heating food packaging in cans. Research shows that the self-heating food packaging industry will witness the rise of new players in the emerging as well as developed markets. Overall, the global market for self-heating food packaging market is anticipated to register healthy growth rate over the forecast period.

Product innovation and expansion are the key strategies adopted by major players in the self-heating food packaging market. Some of the key players in self-heating food packaging market include Aestech, Crown Holdings, Dongoon Yasoon Pack Co. Ltd., Fast Drinks, Hot-Can, HeatGenie, Ontech, and Tempra. These companies provide self-heating food packaging, and they have combined expertise and experience gained over the years to improve their practices and processes to become more efficient.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

MRRbiz supports your business intelligence needs with over 700,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.

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