The global on-the-go food packaging market is estimated at USD 1,952 Million in 2022 and is forecast to surpass USD 3,760 Million by 2032, growing at a CAGR of 6.8% during 2022-2032.The global on-the-go food packaging market contributed by providing around ~1% of the total revenue generated by global food packaging market in 2021. The on-the-go food packaging business is estimated to provide an absolute $ opportunity of USD 1,808 Million during the assessment period of 2022-2032.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of On the go Food Packaging Market both at worldwide and provincial levels.
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Recent Industry News:
1. Sustainable Initiatives: Many major players in the on-the-go food packaging industry have made significant sustainability commitments. For instance, Amcor announced its pledge to make all its packaging recyclable or reusable by 2025. These initiatives align with the growing consumer demand for eco-friendly options.
2. Smart Packaging: The industry has seen developments in smart packaging technology. Some companies have introduced packaging solutions embedded with sensors that can monitor product freshness and temperature, providing consumers with real-time information about the condition of their food and beverages.
3. Mergers and Acquisitions: In the dynamic landscape of on-the-go food packaging, mergers and acquisitions continue to shape the industry. For instance, in 2022, Berry Global Group completed the acquisition of RPC Group, a leading manufacturer of plastic packaging solutions, further expanding its global presence and product portfolio.
4. E-commerce Packaging: With the rise of online food delivery services and e-commerce, the demand for specialized packaging for food delivery and takeaway has surged. Companies have been developing packaging solutions that maintain food quality during transit and enhance the overall dining experience for consumers.
Market Players: –
- 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
Industry Trends:
1. Sustainable Packaging: One of the most significant trends in the on-the-go food packaging market is the growing emphasis on sustainability. Consumers are increasingly concerned about the environmental impact of packaging, leading to a surge in demand for eco-friendly and biodegradable packaging materials. Manufacturers are responding by developing sustainable packaging options, such as compostable containers and reusable packaging solutions.
2. Convenience and Portability: As the pace of life continues to accelerate, consumers prioritize convenience in their food and beverage choices. Packaging innovations include resealable pouches, easy-to-open containers, and compact, stackable designs that enhance the ease of on-the-go consumption.
3. Digital Integration: The integration of digital technology in packaging has become more prevalent. QR codes and augmented reality features on packaging enable consumers to access additional product information, promotional offers, and even interactive content, enhancing the overall consumer experience.
4. Food Safety and Hygiene: The COVID-19 pandemic heightened concerns about food safety and hygiene. Packaging solutions with built-in safety features, such as tamper-evident seals and antimicrobial coatings, gained popularity as consumers sought reassurance about the safety of their food and beverages.
Competitive Landscape: Top Companies in On the go Food Packaging Market
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.
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
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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Challenges and Opportunities:
While the on-the-go food packaging market presents numerous opportunities for growth, it also faces challenges. These include increased regulatory scrutiny of single-use plastics, cost constraints associated with sustainable materials, and the need for continuous innovation to meet evolving consumer preferences. However, these challenges also create opportunities for innovation, circular economy initiatives, and collaborations between packaging manufacturers and food producers to develop packaging solutions that align with sustainability goals.
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