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On The Go Packaging Market Prospects and Growth Assessment 2032

According to Future Market Insights research, during the projected period, the global on the go packaging market is set to enjoy a valuation of US$ 1.9 Bn in 2022, and further expand at a CAGR of 4.8% to reach US$ 2.2 Bn by the year 2032. The on the go packaging market revenues are estimated to propel with the top 3 countries projected to hold 25-30% of the global on the go packaging market by the end of 2022.

The pouches & bags segment by packaging format is estimated to remain the lucrative segment among the other packaging format during the forecast period. The target segment is expected to register a CAGR of 4.2% during 2022-2032.

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Category-wise Insights

How Polyethylene Terephthalate to Endure as the Most Demanded Material for Food Packaging?

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.

The report has also observed a growing use of high density polyethylene and aluminum as key on-the-go food packaging materials in the global packaging landscape.

Over the forecast period, on-the-go food packaging products made of aluminum and high density polyethylene will register robust volume CAGRs.

Rigid Boxes to Remain Top-sellers for On-the-go Food Packaging

Effective use of rigid containers to carry and serve on-the-go foods has driven their demand in the global on-the-go food packaging landscape.

Key findings from the report also reveal that majority of on-the-go food packaging products will be used for convenience food applications. The application of on-the-go food packaging in dairy products food type is estimated to account for approximately ~40% of the overall global market volumes during the forecast period.

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.

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How does the Transition of Composite Cans as an Alternative to Metal Cans Drive the Demand for On the Go Packaging?

On the aisles of grocery stores, composite cans are a common packaging type. These are employed for both food and non-food end uses, allowing businesses to create distinctive packages to satisfy consumer preferences. They come in a wide range of sizes, barrier alternatives, and open ends that are simple to use.

Due to their eco-friendliness and affordability, composite cans are anticipated to replace metal cans. Particularly for dry and granular food goods, consumers strongly prefer composite cans. Composite cans are a perfect option for customers because of their minimal weight. In contrast to composite cans, metal cans are bulky and not biodegradable.

Key Companies Profiled: 

  • Sonoco Products Company
  • Berry Global Group
  • Smurfit Kappa Group
  • Sealed Air Corporation
  • WestRock Company
  • Gerogia-Pacific LLC
  • Huhtamaki Oyj
  • Tetra-Pak

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On the Go Packaging Market by Category

By Material, On the Go Packaging Market is Segmented as:

  • Paper & Paperboard
  • Plastic
  • Metal

By Packaging Type, On the Go Packaging Market is Segmented as:

  • Bottles & Jars
  • Cans
  • Trays & Clamshell
  • Pouches & Bags
  • Boxes & Cartons
  • Others (Sachets, Stick Packs, etc.,)

By End-users, On the Go Packaging Market is Segmented as:

  • Foodservice Outlets
  • Institutional Foodservice
  • Online Food Delivery