Press release
Microwaveable Carton Market Soaring Demand Assures Motivated Revenue Share during 2018-2028
Improvements in packaging and growing inclination towards the consumption of on-the-go food & beverages in developed countries are driving the growth of the global microwaveable carton market. Some frozen foods, such as frozen pizza, nuggets, french fries, etc., that use microwaveable cartons for cooking have witnessed rapid growth in the recent past, thereby leading to the growth of the microwaveable carton market during recent years. In addition, microwaveable cartons are specialty niche products in the broader folding cartons market. Microwaveable cartons contain susceptors which have interior layers of aluminum foil and metallized polyester film. Furthermore, microwaveable susceptors in microwaveable carton are used for several types of microwaveable foods / drinks and aid in frying and to stop the appearance of sogginess or dryness in bread - based products. Microwaveable cartons also add to the visual appeal of frozen foods, which allows manufacturers to create a unique brand identity. All these aspects are anticipated to drive the microwaveable carton market during the forecast period.
Global Microwaveable Carton Market - Dynamics
Growing number of single person households across the globe and changing lifestyles and improved living standards are anticipated to increase the demand for microwaveable cartons during the forecast period. In addition, rise in customer spending on ready-to-eat foods due to increasing urbanization and growth in purchasing power are expected to further lead to significant growth of the microwaveable carton market over the forecast period. Shifting consumer preference from carbonated soft drinks to health drinks is prompting manufacturers to develop and offer healthy breakfast alternatives to consumers, which in turn, is expected to give a boost to the microwaveable carton market. Furthermore, increasing expenditure on ready-to-eat meals is propelling the expansion of the global microwaveable carton market. However, in developing regions, awareness among consumers regarding food items, such as breakfast cereals and beverages is comparatively low and thus, people still prefer traditional breakfast options and drinks. This may hamper the market of microwaveable cartons.
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Global Microwaveable Carton Market - Segmentation
The global microwaveable carton market is segmented by material type, layer type and end use application.
On the basis of material type, the global microwaveable carton market is segmented into:
Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Ethyl Vinyl Alcohol (EVOH)
Polyethylene Terephthalate (PET)
Others
Paper
Bleached Paperboard
Coated Unbleached Kraft Paperboard
Aluminum
On the basis of layer type, the global microwaveable carton market is segmented into:
3 Layers
4 Layers
6 Layers
More than 6 Layers
On the basis of end use application, the global microwaveable carton market is segmented into:
Fresh Food
Meat, Poultry & Seafood
Frozen Food
Pizza
Pasta
Burgers
Others
Dairy Beverages
Porridge Oats
Shelf - Stable Meals
Others
Microwaveable cartons are mainly used for packaging of frozen foods and dairy beverages for defrosting of food in a microwave oven without taking out the packed food/beverages. Microwaveable cartons protect the carton from oxygen ingress and protect flavor migration of the beverages stored in it.
Global Microwaveable Carton Market – Regional Overview
The microwaveable carton market in North America region is expected to lead the global market during the forecast period. The Europe and Asia pacific microwaveable carton markets are expected to follow the North America microwaveable carton market and are also estimated to register significant growth due to the growing trend of on-the-go food and beverages in these regions. The Latin America and Middle East & Africa microwaveable carton market is anticipated to witness sluggish growth during the forecast period. Overall, the global microwaveable market is anticipated to witness remarkable growth during the forecast period.
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Global Microwaveable Carton Market – Key Players
Some of the key players operating in the microwaveable carton market are SIG Combibloc Group AG; Sirane Limited; Inline Packaging, LLC; Huhtamaki Oyj; Colpac Limited; Graphic Packaging International, LLC; and Clear Lam Packaging, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global Microwaveable carton market is divided into seven major regions as follows:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America
Europe
EU–4 (Germany, France, Italy, Spain)
U.K.
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Japan
Asia - Pacific excluding Japan (APEJ)
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa (MEA)
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
Report Highlights:
A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size regarding volume and value
Recent industry trends and developments
Competitive landscape
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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