Market Overview:
The global microwave trays market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for frozen food and shelf-stable meals, and rising disposable income of consumers. In terms of type, the aluminium segment is expected to lead the global microwave trays market during the forecast period, followed by polymer and glass & ceramics segments. In terms of application, fresh food segment is expected to lead the global microwave trays market during 2018-2030 owing to its growing demand for ready-to-eat meals across regions. However, frozen food segment is projected to grow at a higher CAGR than fresh food segment over the forecast period due in part due high penetration rate of microwaves in developed countries such as U.S.
Product Definition:
Microwave Trays are a type of tray that is specifically designed to be used in the microwave. They have low sides and a large surface area, which makes them perfect for cooking or reheating food. Microwave Trays are important because they make it easier to cook or reheat food in the microwave. They also help to evenly distribute heat, which results in more consistent cooking or reheating.
Aluminium:
Aluminum is a metal and has the highest melting point of any element. It is soft and ductile with a silvery-white color. It can be cut or machined with very little effort, but always returns to its original shape. Aluminum alloys are widely used in aircraft, automobiles, household appliances, etc., owing to their lightweight property which helps in reducing the weight of an object.
Polymer:
Polymer is a long-chain molecule, which can be branched or unbranched. The most commonly used polymers are Polyethylene (PE), Polypropylene (PP), and Polystyrene (PS). Microwave trays made of polymer are very strong and durable as compared to glass trays. They also provide better insulation properties, making them ideal for holding heat-sensitive products such as food items and beverages.
Application Insights:
The global microwave trays market has been segmented on the basis of application into fresh food, frozen food, shelf-stable meals, and others. The shelf-stable meal application segment is expected to witness significant growth over the forecast period owing to increasing demand for ready-to-eat foods among households in developing countries including China and India. In addition, a rise in disposable income among working class people will further propel industry growth during the forecast period.
The fresh food segment held a substantial share of more than 40% in 2017 due to high demand for fruits and vegetables that are easy to prepare using microwaveable trays. Furthermore, an increase in consumer preference for home delivery services will fuel industry expansion over the coming years as consumers prefer purchasing their preferred products directly from grocery stores thus driving demand from this sector.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness considerable growth over the forecast period owing to increasing consumption of shelf-stable meals and fresh food. Furthermore, growing demand for convenience foods such as frozen meat products, pizza, burgers and sandwiches is anticipated to drive regional product demand in the forthcoming years.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rising disposable income levels coupled with expanding population base especially in China and India which are among major Microwave Trays (MWT) manufacturing countries globally. Increasing government initiatives towards adoption of microwave technology for cooking food at home instead of using conventional stove or oven will further boost regional growth over next eight years.
Europe was estimated as second largest regional market after North America by revenue generation capacity in 2017 due primarily high production volume attained by Germany on account polymer MWT followed by U.S., France, Italy and Spain respectively accounting a share exceeding 40%.
Growth Factors:
- Increasing demand for processed and ready-to-eat food products
- Rising disposable income of consumers
- Growing popularity of microwave ovens among consumers
- Technological advancements in the design and manufacturing of microwave trays
- Rising awareness about the health benefits of consuming microwaved food
Scope Of The Report
Report Attributes
Report Details
Report Title
Microwave Trays Market Research Report
By Type
Aluminium, Polymer, Glass and ceramics, Paper, Metalized Paper, Edible material
By Application
Fresh Food, Frozen Food, Shelf-Stable Meals, Others
By Companies
Bemis Company, Inc.(Amcor), FLAIR Flexible Packaging Corporation, Mullinix Packages, Inc., Tokan Kogyo Co., Ltd., Plus Pack AS, Fold-Pak, LLC, WestRock Company, Sonoco Products Company, Smurfit Kappa Group plc, Sirane Ltd, S. C. Johnson & Son, Huhtamäki Oyj, DNP America LLP, Gulf East Paper & Plastic Industries, H-Pack Packaging UK Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Microwave Trays Market Report Segments:
The global Microwave Trays market is segmented on the basis of:
Types
Aluminium, Polymer, Glass and ceramics, Paper, Metalized Paper, Edible material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fresh Food, Frozen Food, Shelf-Stable Meals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bemis Company, Inc.(Amcor)
- FLAIR Flexible Packaging Corporation
- Mullinix Packages, Inc.
- Tokan Kogyo Co., Ltd.
- Plus Pack AS
- Fold-Pak, LLC
- WestRock Company
- Sonoco Products Company
- Smurfit Kappa Group plc
- Sirane Ltd
- S. C. Johnson & Son
- Huhtamäki Oyj
- DNP America LLP
- Gulf East Paper & Plastic Industries
- H-Pack Packaging UK Ltd
Highlights of The Microwave Trays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminium
- Polymer
- Glass and ceramics
- Paper
- Metalized Paper
- Edible material
- By Application:
- Fresh Food
- Frozen Food
- Shelf-Stable Meals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microwave Trays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microwave trays are a type of food storage container that is used to cook food in the microwave. They are made out of plastic or metal and have a number of compartments that can be filled with food. The microwaves heat up the contents of the tray and cook the food evenly.
Some of the major companies in the microwave trays market are Bemis Company, Inc.(Amcor), FLAIR Flexible Packaging Corporation, Mullinix Packages, Inc., Tokan Kogyo Co., Ltd., Plus Pack AS, Fold-Pak, LLC, WestRock Company, Sonoco Products Company, Smurfit Kappa Group plc, Sirane Ltd, S. C. Johnson & Son, Huhtam¤ki Oyj, DNP America LLP, Gulf East Paper & Plastic Industries, H-Pack Packaging UK Ltd.
The microwave trays market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microwave Trays Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Microwave Trays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microwave Trays Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Microwave Trays Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Microwave Trays Market Size & Forecast, 2018-2028
4.5.1 Microwave Trays Market Size and Y-o-Y Growth
4.5.2 Microwave Trays Market Absolute $ Opportunity
Chapter 5 Global Microwave Trays Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Microwave Trays Market Size Forecast by Type
5.2.1 Aluminium
5.2.2 Polymer
5.2.3 Glass and ceramics
5.2.4 Paper
5.2.5 Metalized Paper
5.2.6 Edible material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microwave Trays Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Microwave Trays Market Size Forecast by Applications
6.2.1 Fresh Food
6.2.2 Frozen Food
6.2.3 Shelf-Stable Meals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microwave Trays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Microwave Trays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Microwave Trays Analysis and Forecast
9.1 Introduction
9.2 North America Microwave Trays Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Microwave Trays Market Size Forecast by Type
9.6.1 Aluminium
9.6.2 Polymer
9.6.3 Glass and ceramics
9.6.4 Paper
9.6.5 Metalized Paper
9.6.6 Edible material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Microwave Trays Market Size Forecast by Applications
9.10.1 Fresh Food
9.10.2 Frozen Food
9.10.3 Shelf-Stable Meals
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Microwave Trays Analysis and Forecast
10.1 Introduction
10.2 Europe Microwave Trays Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Microwave Trays Market Size Forecast by Type
10.6.1 Aluminium
10.6.2 Polymer
10.6.3 Glass and ceramics
10.6.4 Paper
10.6.5 Metalized Paper
10.6.6 Edible material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Microwave Trays Market Size Forecast by Applications
10.10.1 Fresh Food
10.10.2 Frozen Food
10.10.3 Shelf-Stable Meals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Microwave Trays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microwave Trays Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Microwave Trays Market Size Forecast by Type
11.6.1 Aluminium
11.6.2 Polymer
11.6.3 Glass and ceramics
11.6.4 Paper
11.6.5 Metalized Paper
11.6.6 Edible material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Microwave Trays Market Size Forecast by Applications
11.10.1 Fresh Food
11.10.2 Frozen Food
11.10.3 Shelf-Stable Meals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Microwave Trays Analysis and Forecast
12.1 Introduction
12.2 Latin America Microwave Trays Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Microwave Trays Market Size Forecast by Type
12.6.1 Aluminium
12.6.2 Polymer
12.6.3 Glass and ceramics
12.6.4 Paper
12.6.5 Metalized Paper
12.6.6 Edible material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Microwave Trays Market Size Forecast by Applications
12.10.1 Fresh Food
12.10.2 Frozen Food
12.10.3 Shelf-Stable Meals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Microwave Trays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microwave Trays Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Microwave Trays Market Size Forecast by Type
13.6.1 Aluminium
13.6.2 Polymer
13.6.3 Glass and ceramics
13.6.4 Paper
13.6.5 Metalized Paper
13.6.6 Edible material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Microwave Trays Market Size Forecast by Applications
13.10.1 Fresh Food
13.10.2 Frozen Food
13.10.3 Shelf-Stable Meals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Microwave Trays Market: Competitive Dashboard
14.2 Global Microwave Trays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bemis Company, Inc.(Amcor)
14.3.2 FLAIR Flexible Packaging Corporation
14.3.3 Mullinix Packages, Inc.
14.3.4 Tokan Kogyo Co., Ltd.
14.3.5 Plus Pack AS
14.3.6 Fold-Pak, LLC
14.3.7 WestRock Company
14.3.8 Sonoco Products Company
14.3.9 Smurfit Kappa Group plc
14.3.10 Sirane Ltd
14.3.11 S. C. Johnson & Son
14.3.12 Huhtamäki Oyj
14.3.13 DNP America LLP
14.3.14 Gulf East Paper & Plastic Industries
14.3.15 H-Pack Packaging UK Ltd
