A new report from Allied Development, Burnsville, Minn., about U.S. microwaveable packaging from 2012-2016 says the market will reach $2 billion by 2016, reflecting revenue growth of 9.4% per year during the next five years. “U.S. Microwaveable Packaging 2012 to 2016” indicates that a primary factor driving the market growth is the rapid adoption of microwaveable packaging within food product categories that require increased packaging functionality.
The study examines applications for microwaveable packaging and highlights several food industry segments that are growing faster than the industry as a whole: vegetables, desserts, prepared meals, pasta and pizza.