The global self-heating food packaging film market is valued at US$29.417 million in 2020. The market is estimated to grow at a CAGR of 4.96% to reach a market size of US$40.182 million by 2027.
Growing demand for ready-to-eat and convenient food products
Self-heating food packaging is a form of active packaging with the ability and function to heat food contents without an external power source. In recent year’s food and beverage industry has evolved its packaging techniques due to the growing consumers' demand for ready-to-eat and convenient food products with a longer shelf life. The fast-moving lifestyle of people in urban cities around the globe is also augmenting the demand for an innovative form of packaging for food and beverage.
Market players are investing in new product launches and convenient solutions to meet the growing demand for self-heating food packaging, especially for military personnel and people who travel frequently. For instance, in 2018, Ba Shu Lan Ren launched the self-heating instant hotspot, which can cook an instant food base that requires water, soup, mashed potatoes, and dried vegetables.
The North American region is driving the growth of the market during the forecast period
By geography, the self-heating food packaging film market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The self-heating food packaging film market in North America was estimated to hold a significant share in 2020 and is anticipated to grow exponentially on account of the fast-moving lifestyle and technological innovation in the food packaging industry. The demand for self-heating packaging solutions in the region is estimated to grow primarily due to the increasing availability of newer products and budding regulations regarding the food items available in the market.
Baby food consumption to further increase the North American market share
Furthermore, baby food consumption in the region is estimated to increase further because of rapid product launches and innovations in the market, fuelling its growth in self-healing techniques. Furthermore, there is a sharp rise in the demand for organic foods in the region, as it is being perceived by the population to be healthier, and due to the increasing focus by the local government to control obesity in the countries like Canada and the United States through education campaigns and new food nutrition laws promoting organic foods, especially for children.
The COVID-19 pandemic resulted in the halting of major industries and production processes. This led to a disruption in major supply and production lines, leading to the decline in the economy and revenue of other major sectors. The self-heating food packaging market also faced a significant decline in demand, owing to the closure of offline markets and stores. However, some regional markets like China reported an increase in demand for self-heating food products. Owing to the increase in infection cases in the region, the demand for ready-made and easy-to-cook meals increased, leading to an increase in demand for the self-heating food packaging market. Moreover, owing to the introduction of new products and technology, and the withdrawal of COVID-19 lockdowns, the market is expected to increase in demand.
|Market size value in 2020||US$29.417 million|
|Market size value in 2027||US$40.182 million|
|Growth Rate||CAGR of 4.96% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Packaging Type, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Tempra Technology, Luxfer Magtech, The 42 degrees Company, HeatGen, LLC, Heat Food & Drink Ltd|
|Customization scope||Free report customization with purchase|
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Self Heating Food Packaging Films Market Analysis, By Packaging Type
6. Global Self Heating Food Packaging Films Market Analysis, By End User
6.2.1. Ready-to-eat Food
7. Global Self Heating Food Packaging Films Market Analysis, By Geography
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Tempra Technology
9.2. Luxfer Magtech
9.3. The 42 degrees Company
9.4. HeatGen, LLC
9.5. Heat Food & Drink Ltd
The 42 degrees Company
Heat Food & Drink Ltd
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