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On the go Food Packaging Market

On the go Food Packaging Market

On the go Food Packaging Market Analysis by Material (Polyethylene Terephthalate, High Density Polyethylene, Polypropylene, Polystyrene), by Packaging Type (Bottles & Jars, Cans, Trays), by Thermoforming (Die Cutting, Injection Moulding), by Food Type & Regional Forecast 2022-2032

On the go Food Packaging Market
FACT476MR

Global On the go Food Packaging Market Outlook

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.

Report Attributes

Details

Base Year Value (2021A)

USD 1,875 Million

Estimated Year Value (2022E)

USD 1,952 Million

Projected Year Value (2032F)

USD 3,760 Million

Global Growth Rate (2022-2032)

CAGR 6.8%

North America Market Share in 2021

~35.8%

North America Growth Rate (2022-2032)

CAGR 6.4%

Top 5 Companies Market Share in 2021

~40.3%

Key Companies Profiled

  • 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

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.

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On the go Food Packaging Market Historical Overview (2017-2021) Vs. Forecast Outlook (2022-2032)

  • North America on-the-go food packaging market have been generating maximum revenue for on-the-go food packaging manufacturers from past half-decade. Around 35.8% of overall market valuation for on-the-go food packaging was generated by American countries in 2021 which is forecast to surpass valuation of USD 1,594 Million by 2032 end, growing with 6.4% CAGR. On the go Food Packaging business in US is generated around 68.2% market share in 2021 and is projected to grow with exciting CAGR of 6.6% during 2022-2032.
  • Increasing demand for on-the-go foods, coupled with proactive consumer lifestyles has driven the demand for effective packaging solutions in recent past. Thus, this market grew with CAGR of 4.2% with an absolute $ opportunity of USD 625 Million during 2017-2021.
  • Food packaging made from polyethylene terephthalate held the maximum market share ~22.6% in 2021 and is expected to gain 140 BPS within the forecast period by contributing the market with share of ~24.3% by end of 2032 that is around USD 914 Million.
  • Under packaging boxes available for food packaging, pouches & sachets segment is estimated to hold market share of ~26.9% in 2022 and is likely to provide an absolute $ opportunity of USD 746 Million by reaching a market valuation of USD 1,271 Million in 2032.

An Adaptive Approach to Modern-day Research Needs

Region-wise Insights

How North America is projected to Witness Highest Growth for Market of On the go Food Packaging during the Forecast Period?

The North America on-the-go food packaging market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of on-the-go food packaging manufacturers in this region.

By the end of this forecast period, the global sales of on-the-go food packaging products is estimated to register sales of over 7,350 thousand tons out of which ~28% is estimated to be consumed by North America itself.

Trend of new designs and innovative solutions for on-the-go food packaging are emerging across US. Thus, US on-the-go food packaging market is estimated at USD 487 Million in 2022 and is forecast to surpass market valuation of USD 1,151 Million by end of 2032, growing at an exciting rate of 6.5% during the forecast period.

In addition, North America on-the-go food packaging market is forecast to surpass USD 1,594 Million in 2032 out of which ~72.2% share is projected to be generated through US and Canada on-the-go food packaging markets during the same year.

On-the-go Food Packaging Market forecast analysis by Fact.MR

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.

Comprehending the aforementioned factors, polyethylene terephthalate material for on-the-go food packaging is projected to grow at 6.6% CAGR during 2022-2032 and is estimated to value around USD 447 Million in 2022. This segment is projected to cover share around ~22.9% market valuation for on-the-go food packaging by 2022 and is forecast to surpass market value of USD 914 Million by 2032 end.

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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. Thus, pouches & sachets type of food packaging is estimated at USD 525 Million in 2022 and is forecast to reach market valuation of USD 1,271 Million by 2032, growing at a CAGR of 6.9% over the forecast period of 2022-2032.

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.

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
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of on-the-go food packaging market is estimated to be worth over USD 1,952 Million in 2022.
Value of on-the-go food packaging market in 2032 is forecast to surpass USD 3,760 Million by 2032 end.
During 2017-2021, global on-the-go food packaging market grew at 4.2% CAGR.
Pouches & sachets on-the-go food packaging segment is estimated to provide an absolute $ opportunity of USD 746 Million during the forecast period (2022-2032).
North America topped the global on-the-go food packaging market by accounting around ~35.8% of its total market valuation in 2021.

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