Self Heating Food Packaging Market | Contrive Datum Insights

The Global Self-Heating Food Packaging Market Is Expected To Grow At A Rate Of 4.95% During The Forecast Period 2022-2030.

Self-heating Food Packaging Market Overview:

Self-heating food packaging refers to packaging that heats food without any external heat or power. This packaging uses an exothermic chemical reaction and water to cook food and is used when conventional cooking is not possible, such as during military operations and natural disasters. It is very useful in everyday life as people can get hot food anywhere without needing a microwave to reheat packaged food.

Rising consumer demand for convenience food and living standards across the globe is the major factor driving market growth, growing food and beverage industry globally is also increasing demand for healthy and nutritious food, ready-to-eat meals, and confectionary such as soup, tea, and coffee Rising demand and increasing consumption of food and beverages along with changing lifestyles of consumers are other major factors driving the growth of the self-heating food packaging market. Moreover, technological advancements and the rise of packaging technology modernization along with increasing demand from emerging economies will further create new opportunities for the self-heating food packaging market over the forecast period 2021-2028.

Self-heating Food Packaging market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Self-heating Food Packaging market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• To develop self-heating beverage cans, HeatGenie, LLC, an American company that makes self-heating aluminum cans, has received US$6 million from ARTIS Labs, in addition to investments from Almanac Investments and individuals.
• 42 Degrees Company, a Spanish market participant in the self-heating packaged food industry, purchased the self-heating can patent and related technology in September 2018. This will enable production of up to 10 million self-heating cans per year.

Major Market Segments Covered in Self-heating Food Packaging Industry Research:

Market Key Players:
Thermotic Developments（TDL）, Crown Holdings, Tempra Technology, Hot-Can, HeatGenie, And Others.

By Type:

• Cans, Containers, Packs, Bags, Others

By Application:

• Baby Foods, Soups, Noodles, Meat, Tea, Coffee, Others

By Region:

Europe dominates self-heating food packaging market due to rising need for instant heated food and beverage products, growing food and beverages industry across the world and rise in the demand for healthy and nutritional on-the-go food products in this region. Asia-Pacific is the expected region in terms of growth in self-heating food packaging market due to increase in the trend of convenient foods among consumers coupled with the rise in the disposable income of the population in this region.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

The global self-heating food packaging market has witnessed significant growth in recent years owing to rising demand for convenience foods and rising living standards among consumers across the globe. This is expected to drive the demand for self-heating food packaging products over the forecast period.

Furthermore, the growing food and beverage industry across the globe and rising demand for healthy and nutritious on-the-go food is expected to drive the demand for self-heating food packaging, thereby driving market growth over the forecast period.

Rising consumer demand for ready-to-eat and confectionary food and beverages such as soup, tea, and coffee is driving self-heating food packaging manufacturers to introduce new processes and technologies. For example, in 2018, 42 Degrees launched self-heating coffee cans, and on March 6, 2020, Philadelphia-based coffee company La Colombe teamed up with HeatGenie to produce self-heating coffee cans.

Additionally, manufacturers are introducing smart packaging devices that include sensors, time-temperature indicators, self-heating containers, and self-cooling containers. These smart packages have electronic displays embedded in them. This factor is expected to drive the growth of the self-heating food packaging market over the forecast period. However, high cost of self-heating food packaging is expected to hamper the growth of the self-heating food packaging market.

Among regions, Europe accounted for a significant market share in the global self-heating food packaging market owing to the increasing demand for ready-to-heat food and beverage products in the region. Moreover, the demand for self-heating food packaging in Asia Pacific is expected to surge owing to rising consumer demand for convenience foods and rising disposable income of the population in the region. According to the India Brand Equity Foundation (IBEF), monthly per capita income in India is estimated to grow by 6.8% to $161.02. "

Self-heating Food Packaging Market report scope:

Key Takeaways from this Self-heating Food Packaging Report

• Estimate Self-heating Food Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Self-heating Food Packaging market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Self-heating Food Packaging market?

The Self-heating Food Packaging Market is growing at a CAGR of 4.95% During the Forecast Period.

 What are the key types of Self-heating Food Packaging market?

Cans, Containers, Packs, Bags, Others

What are the key applications of Self-heating Food Packaging market?

Baby Foods, Soups, Noodles, Meat, Tea, Coffee, Others          

Who are the key players in Self-heating Food Packaging market?

Thermotic Developments, Crown Holdings, Tempra Technology, Hot-Can, HeatGenie, And others.