On-the-go Breakfast Packaging Market is forecasted to expand at a value CAGR of 6.3% during the period, 2017-2026

On-the-go Food Packaging Market

Proactive consumer lifestyles and increasing pace of food preparation methods has driven the demand for packaging on-the-go foods. As the demand for on-the-go foods continues to soar across multiple regions, consumers are demanding innovative packaging solutions. Leading players in the global packaging landscape are actively partaking in the global on-the-go food packaging market to reap high profit margins and brimming demand. Fact.MR’s latest forecast study on the global on-the-go food packaging market estimates that the global demand for on-the-go food packaging will soar robustly during the assessment period, 2017-2026. By the end of 2026, the global on-the-go food packaging market is expected to register a valuation over one billion dollars. The report further observes that during the forecast period, the global market for on-the-go food packaging will register a volume CAGR of 5.8%.

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.

 

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On-the-go Food Packaging Market

 

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%.

 

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On-the-go Food Packaging : Market Taxonomy

North America

Polyethylene Terephthalate

Rigid Boxes

Convenience Foods

Thermoforming

Latin America

High Density Polyethylene

Bottles & Jars

Fruits & Vegetables

Die Cutting

Europe

Polyvinyl Chloride

Cans

Bakery & Confectionary

Injection Molding

Japan

Low Density Polyethylene

Trays

Meat & Seafood

APEJ

Polypropylene

Bags & Sacks

Dairy Products

MEA

Polystyrene

Pouches & Sachets

Other Application

Aluminum

Others (Folding Cartons, etc.)

Others

 

Get More Insights – https://www.globenewswire.com/en/news-release/2018/02/16/1357438/0/en/Global-On-the-go-Food-Packaging-Market-6-Key-Insights-from-Fact-MR-for-Assessment-Period-2017-2026.html

 

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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