On-the-go Food Packaging Market – Revenue Surge Motivated by New Product Offerings, reports Fact.MR study

Posted on 2019-08-16 by Mark Hub in Food & Beverage // 0 Comments

Increasing demand for on-the-go foods, coupled with proactive consumer lifestyles has driven the demand for effective packaging solutions. New designs and innovative solutions for on-the-go food packaging are emerging across the globe. According to Fact.MR’s latest market study, the global market for on-the-go food packaging is forecasted to expand at a value CAGR of 6.3% during the period, 2017-2026. By the end of this forecast period, the global on-the-go food packaging market is estimated to register sales of over 7,350 thousand tons of on-the-go food packaging products across the globe.

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The report further reveals that North America and the Asia-Pacific excluding Japan (APEJ) region are the most lucrative marketplaces for adoption of on-the-go food packaging. By the end of 2026, North America will emerge as the largest market for on-the-go food packaging, reaching an estimated valuation of US$ 308 Mn.

Consumption of Polyethylene Terephthalate Materials to Remain High through 2026

The report reveals that polyethylene terephthalate will remain a highly-used packaging material in the global on-the-go food packaging market throughout the forecast period. In 2017, more than 1,600 thousand tons of on-the-go food packaging products 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. Over the forecast period, rigid boxes are estimated to register highest volume CAGR of 6.3% in terms of packaging type. 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 convenience foods is estimated to account for approximately 50% of the overall global market volumes during the forecast period. Through 2026, majority of on-the-go food packaging products will be fabricated through thermoforming techniques.

Competition Tracking

Leading companies in the global on-the-go food packaging market have been profiled in the report. Companies namely, Mondi Group, Amcor Limited, Bemis Company Inc., Sonoco Products Company, Huhtamäki Oyj, Smurfit Kappa Group PLC, Georgia-Pacific LLC, Sealed Air Corporation, Constantia Flexibles Group GmbH, and Berry Plastic Group, Inc. are expected to spearhead the production of on-the-go food packaging products across the globe during the forecast period. Integrating smart packaging technologies and introducing new packaging designs will be a key characteristic of the global on-the-go food packaging manufacturing landscape in the foreseeable future.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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