Transparency Market Research (TMR) provides key valuable insights into the on-the-go breakfast packaging market in its published report, which incorporates global industry analysis, size, share, growth, opportunities, trends, and forecast for 2021-2029. In terms of revenue, the global market is anticipated to expand 1.6 times of current market value by the end of 2029, due to increasing demand for flexible packaging across several countries, about which TMR offers detailed insights and forecasts in the on-the-go breakfast packaging market report.
On-the-go breakfast packaging is an advanced packaging solution that not only holds food & beverages but also offers ease and convenience along with easy transportation. They are designed to make the food easy to pack and consume anywhere. It is not only used to offer breakfast items but also snacking between meals or meal replacements while offering more healthier options for eating to consumers. On-the-go breakfast packaging is manufactured in two packaging formats, rigid packaging, and flexible packaging. They are majorly made of two materials: plastic and paper.
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Increasing Usage of Transparent Packaging Driving Demand for On-the-Go Packaging
Transparent packaging or see-through packaging not only allows consumers to view contents for easy product identification but also offers many other benefits such as durability and enhanced security. This see-through/transparent packaging can be achieved by using on-the-go breakfast packaging solutions, such as trays, pouches, sachets, and others, as they offer superior transparency and gloss to the package.
As per TMR analysis, the demand for on-the-go breakfast packaging is forecast to uplift the market during 2021-2029, owing to increasing demand for eye-catchy packaging designs and formats and added level of product visualization and product security.
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On-the-Go Breakfast Packaging Market: Competition Landscape
The global on-the-go breakfast packaging market is anticipated to witness tough rivalry among key players. This market includes many well-established market participants. Besides this, many other local players and start-ups are entering the market attributing to significant revenue creation with the rising demand for flexible packaging and paper material in the packaging of on-the-go breakfast packaging.
Some of the key players operating in the global on-the-go breakfast packaging market are Amcor Plc, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group, DS Smith Plc, Mondi Group Plc, WestRock Company, International Paper Company, Coveris Holdings S.A, Berry Global Group, Inc, Huhtamäki Oyj, Winpack Ltd, Schur Flexibles Holding GesmbH, and Constantia Flexibles Group GmbH, among others.
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TMR differentiated these players as Tier 1, Tier 2, and Tier 3 as per their segmental earnings. Among these players, International Paper Company, Berry Global Inc., and WestRock Company are identified as Tier 1 players in the on-the-go breakfast packaging market. The Tier 2 players are Mondi Plc., Sealed Air Corporation, Amcor Plc., and Smurfit Kappa Group. Tier 3 players are Klockner Pentaplast, Constantia Flexible GembH, and ProAmpac LLC.
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