SELF-HEATING FOOD PACKAGING MARKET ANALYSIS

Self-heating Food Packaging MarketSize and Trends

The global self-heating food packaging market has witnessed significant growth in the recent past, owing to increasing demand for convenient food products and standard of living among consumers across the globe. This is expected to fuel demand for self-heating food packaging products during the forecast period.

Furthermore, the growing food and beverages industry across the world and rising demand for healthy and nutritional on-the-go food products are expected to fuel demand for self-heating food packaging and in turn, drive the market growth over the forecast period.

The increasing demand for ready-to-use food, and confectionary food and beverages such as soups, tea, and coffee among consumers has led the manufacturers of self-heating food packaging to launch new processes and technologies. For instance, in 2018, the 42 Degrees Company launched self-heating coffee cans and on 6th March 2020 , La Colombe a Philadelphia based coffee company,  partnered up with HeatGenie,  to manufacture self-heating cans for coffee.

Moreover, manufacturers are introducing intelligent packaging devices, which includes sensors, time-temperature indicators, self-heating containers, and self-cooling containers. These intelligent packages are embedded with electronic displays. This factor is expected to drive the self-heating food packaging market growth during the forecast period. However, the high cost of self-heating food packages is expected to hamper 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 rising need for instant heated food and beverage products in this region. Furthermore, Asia-pacific region is expected to witness surge in the demand of self-heating food packaging, owing to the rising trend of convenient foods among consumers coupled with the rise in the disposable income of the population in the region. According to the Indian Brand Equity Foundation (IBEF), India's per-capita monthly income was estimated to increase by 6.8% to US$ 161.02.