Innovation in Packaging Design to Remain Key Growth Driver for On-The-Go Food Packaging Market
According to Fact.MR most recent analysis, the worldwide on-the-go food packaging market is anticipated to be worth USD 1,952 million in 2022 and is expected to exceed USD 3,760 million by 2032, rising at a CAGR of 6.8% between 2022 and 2032.
Sales of on-the-go food packaging items are expected to exceed 7,350 thousand tons, with North America accounting for 28% of total consumption.
Consumer level analysis along with specific questionnaire reveals that polyethylene terephthalate will remain a highly-used packaging material in the global on-the-go food packaging market throughout the forecast period.
Recently during 2018-2019, more than 1,750 thousand tons of on-the-go food packaging products were sold in the world were made of polyethylene terephthalate.
Download a sample copy of this report: https://www.factmr.com/connectus/sample?flag=S&rep_id=476
The existence of robust supply chain networks of on-the-go food packaging manufacturers in this region is predicted to provide highest absolute $ opportunity to its manufacturers in the North America on-the-go food packaging market.
By the conclusion of this forecast period, global sales of on-the-go food packaging goods are expected to exceed 7,350 thousand tons, with North America accounting for 28% of total consumption.
New designs and innovative solutions for on-the-go food packaging are becoming popular across the United States. Thus, the US on-the-go food packaging market is anticipated to be worth USD 487 million in 2022, with a market size of USD 1,151 million expected by the end of 2032, increasing at an exciting rate of 6.5% during the forecast period.
Furthermore, the North American on-the-go food packaging market is expected to exceed USD 1,594 million in 2032, with the US and Canada on-the-go food packaging markets accounting for 72.2% of the total during the same year.
6 Key Pointers Highlighting Fact.MR’s Forecast on Global On-the-go Food Packaging Market
- With respect to packaging materials, polyethylene terephthalate is expected to register highest consumption in the global on-the-go food packaging market. In 2017, more than 1,650 thousand tons of on-the-go food packaging products made of polyethylene terephthalate were sold globally. High density polyethylene and aluminum are also observed as key packaging materials, and are expected to register high volume CAGRs over the forecast period.
- In 2017, over 500 thousand tons of on-the-go food packaging trays were sold in the global market. The report estimates a robust demand for trays as the key type of on-the-go food packaging. The report further reveals that rigid boxes will represent the leading packaging-type segment, and will register a volume CAGR of 6.3% over the forecast period.
- By the end of forecast period, over 3,800 thousand tons of on-the-go food packaging products will be used for convenience food applications worldwide.
- In 2018 and beyond, majority of on-the-go food packaging products will be developed with thermoforming fabrication.
- The report further reveals that the US and Canada are collectively the largest marketplace for on-the-go food packaging. High consumption of on-the-go foods in these countries will continue to drive the growth of North America in the global on-the-go food packaging market. By the end of 2026, North America’s on-the-go food packaging market is estimated to register sales of over 1,900 thousand tons.
- The report also reveals that the Asia-Pacific excluding Japan (APEJ) region will be the key region for manufacturing on-the-go food packaging products. Over the forecast period, the APEJ on-the-go food packaging market is estimated to register a volume CAGR of 6.1%.
Customize this report for your specific research solution: https://www.factmr.com/connectus/sample?flag=RC&rep_id=476
Competitive Landscape:
The global on-the-go food packaging market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced on-the-go food packaging.
Fact.MR has provided detailed information about price points of top manufacturers of on-the-go food packaging positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
Key Companies Profiled
- Amcor Limited
- Mondi Group
- Sonoco Products Company
- Bemis Company Inc.
- Smurfit Kappa Group PLC
- Huhtamäki Oyj
- Sealed Air Corporation
- Georgia-Pacific LLC
- Berry Plastic Group, Inc.
- Constantia Flexibles Group GmbH
Get Full Access to the Complete Report: https://www.factmr.com/checkout/476
Global On the go Food Packaging Market Segments
- By Material :
- Polyethylene Terephthalate
- High Density Polyethylene
- Polyvinyl Chloride
- Low Density Polyethylene
- Polypropylene
- Polystyrene
- Aluminum
- Others
- By Packaging Type :
- Bottles & Jars
- Cans
- Trays
- Bags & Sacks
- Pouches & Sachets
- Others (Folding Cartons, etc.)
- By Food Type :
- Fruits & Vegetables
- Bakery & Confectionary
- Meat & Seafood
- Dairy Products
- Other Application
- By Thermoforming :
- Die Cutting
- Injection Moulding
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Xherald
