Steamed Packaging Market Trends and Forecast
The future of the global steamed packaging market looks promising with opportunities in the instant food, meat & seafood, pet food, baby food, and soup & sauce markets. The global steamed packaging market is expected to grow with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are increasing consumer demand for convenience foods, growing focus on sustainable and eco-friendly packaging solutions, and rising health awareness and preference for steam-cooked meals.
• Lucintel forecasts that pouch is expected to witness the highest growth over the forecast period.
• Within this market, instant food is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Amcor introduced eco-friendly steamed packaging solutions targeting the food industry, aiming to reduce carbon footprint by 2025. The government is supporting these efforts with incentives for sustainable packaging innovations.
China: Sealed Air expanded its steamed packaging production facilities in Shanghai, targeting local and international markets. The Chinese government has set ambitious targets for reducing plastic waste, boosting demand for sustainable packaging solutions.
Germany: Huhtamaki launched a new range of recyclable steamed packaging products in collaboration with local food companies. The German government supports such initiatives through funding programs aimed at promoting circular economy practices.
India: UFlex announced a new biodegradable steamed packaging line to cater to increasing consumer demand for eco-friendly options. The Indian government’s plastic ban policy accelerates the shift towards sustainable packaging alternatives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steamed Packaging by Segment
The study includes a forecast for the global steamed packaging by type, application, and region.
Steamed Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Pouch
• Tray
• Carton
• Other
Steamed Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Instant Food
• Meat & Seafood
• Pet Food
• Baby Food
• Soup & Sauce
• Others
Steamed Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steamed Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steamed packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steamed packaging companies profiled in this report include-
• Berry Plastics Corporation
• Mondi
• Sonoco
• Coveris
• Clondalkin Industries BV
• Sealed Sir Corporation
• Proampac
Recent Development in the Steamed Packaging Market
Amcor Limited: Launched a new line of eco-friendly steamed packaging solutions utilizing advanced recyclable materials to reduce environmental impact and appeal to sustainability-conscious consumers.
Sealed Air Corporation: Introduced an innovative steaming technology that enhances the freshness and shelf life of packaged food, leveraging their Cryovac brand for wider market penetration.
Sonoco Products Company: Developed a patented steam valve packaging that ensures optimal steam release during microwave cooking, improving the quality and taste of prepared meals.
Mondi Group: Unveiled a fully biodegradable steamed packaging solution aimed at reducing plastic waste, aligning with global environmental goals and enhancing brand image.
Berry Global Group: Partnered with major food manufacturers to introduce customizable steamed packaging designs that cater to diverse consumer preferences and improve product differentiation on store shelves.
Features of the Global Steamed Packaging Market
Market Size Estimates: Steamed packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steamed packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Steamed packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the steamed packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steamed packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for steamed packaging market?
Answer: The global steamed packaging market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the steamed packaging market?
Answer: The major drivers for this market are increasing consumer demand for convenience foods, growing focus on sustainable and eco-friendly packaging solutions and rising health awareness and preference for steam-cooked meals.
Q3. What are the major segments for steamed packaging market?
Answer: The future of the steamed packaging market looks promising with opportunities in the instant food, meat & seafood, pet food, baby food, and soup & sauce markets.
Q4. Who are the key steamed packaging market companies?
Answer: Some of the key steamed packaging companies are as follows:
• Berry Plastics Corporation
• Mondi
• Sonoco
• Coveris
• Clondalkin Industries BV
• Sealed Sir Corporation
• Proampac
Q5. Which steamed packaging market segment will be the largest in future?
Answer: Lucintel forecasts that pouch is expected to witness the highest growth over the forecast period.
Q6. In steamed packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steamed packaging market by type (pouch, tray, carton, and other), application (instant food, meat & seafood, pet food, baby food, soup & sauce, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steamed Packaging Market Market, Steamed Packaging Market Market Size, Steamed Packaging Market Market Growth, Steamed Packaging Market Market Analysis, Steamed Packaging Market Market Report, Steamed Packaging Market Market Share, Steamed Packaging Market Market Trends, Steamed Packaging Market Market Forecast, Steamed Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.