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Self-Heating Food Packaging Industry Analysis, Growth, Trends, Forecast 2024 | Major Players are Aestech, Crown Holdings, Dongoon Yasoon Pack Co. Ltd., Fast Drinks, Hot-Can, HeatGenie, Ontech

10-09-2019 04:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: TMR
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.

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.

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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.

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.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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