Global microwave packaging market 2016-2020

In a new report Technavio’s market research analysts predict the global microwave packaging market to grow at a CAGR of around 8% between 2016 and 2020. The introduction of convenient food packaging is the primary driving force behind growth in the market. Busy schedules and lifestyles have spurred an increasing preference for microwavable food products that require minimum time and effort to open, carry, and store. The frozen food segment dominates the market with more than 55% of the market space. Factors that determine the type of packaging used include customer convenience, packaging design, product features, and material compatibility (Press Release Technavio, 1 June 2016).
Click here for the press release.
Click here for more information about the report.

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