The market for on-the-go food packaging is expected to reach USD 3,760 Million by 2032, rising at a CAGR of 6.8% from 2022 to 2032. The market is expected to reach USD 1,952 Million in 2022.
In the US, a trend of fresh ideas and creative approaches to food packaging for on-the-go consumption is developing. As a result, the market for on-the-go food packaging in the US is anticipated to be worth USD 487 million in 2022 and USD 1,151 million by the end of 2032, increasing at an impressive pace of 6.5%.
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Key Highlights
- 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%.
Key Stakeholders
- 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
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
Polyethylene Terephthalate – A Highly-Used Packaging Material In The Global On-The-Go Food Packaging Market
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.
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.
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