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Self-heating Food Packaging Market: Introduction
Transparency Market Research delivers key insights for the self-heating food packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global self-heating food packaging market is anticipated to reach ~US$ 77 Mn by the end of 2027, owing to various factors, about which TMR offers detailed insights and forecasts in the self-heating food packaging market report.
The report highlights the key factors responsible for the growth of the self-heating food packaging market across various regions. Detailed analysis based on packaging type, end use, and region is included in the report.
As per TMR analysis, the market share held by the cans segment is high as compared to other packaging types such as bottles and pouches. Furthermore, TMR found that the demand for self-heating food cans is anticipated to rise substantially during 2019-2027. However, the bottles and pouches segment is anticipated to collectively account for more than 15% of the total market share in the global self-heating food packaging market.
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Expansion of Food & Beverages Industry in Europe to Bolster Market Growth
Europe holds the second-largest market share in the self-heating food packaging market, the growth in demand for self-heating food packaging in the region is expected to remain sluggish during the forecast period. A surge in demand for food and beverage packaging along with rising consumer expenditure on convenient packaged food & beverages is expected to offer a positive outlook for the self-heating food packaging market in the region. Spain is anticipated to remain the prominent market in terms of market share and incremental opportunity.
Rising Need for Instant Heated Food Driving Use of Self-heating Food Packaging
Self-heating food packaging is an innovation in active packaging, with addition of chemical substances within the packaging that eliminates the need for microwaves or external heating of food and beverages. Use of self-heating food packaging allows instant heating of food and beverages products before consumption anywhere, without requiring access to an oven, fire, or a stove. Heating food before consumption is essential in remote cold climatic conditions and high altitude areas. Self-heating food packaging has emerged as an ideal solution to cater to the above mentioned requirement, and is gaining considerable traction in other applications. The rising demand for instant and convenient heating is anticipated to drive the growth of the global self-heating food packaging market during the forecast period of 2019-2027.
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Research and Product Development to Remain Key Growth Strategies in Self-heating Food Packaging Market
Busy urban lifestyles of young mothers have created a demand for convenience packaging for baby foods. Manufacturers operating in the self-heating food packaging market are producing packaging solutions to cater to the on-the-go consumption needs of young parents.
Self-heating Food Packaging Market: Competition Landscape
The global self-heating food packaging market is highly competitive and consolidated. Key players operating in the global self-heating food packaging market include Tempra Technology Inc., HeatGen, LLC, The 42 Degrees Company, Heat Food & Drink Ltd., and Luxfer Magtech Inc.
Global Self-heating Food Packaging Market: Segmentation
Self-heating Food Packaging Market, by Packaging Type
Self-heating Food Packaging Market, by End Use
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Self-heating Food Packaging Market, by Region
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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