Value of On-The-Go Food Packaging Market in 2032 Is Forecast To Surpass USD 3,760 Million by 2032 End

The market for on-the-go food packaging is expected to reach USD 3,760 Million by 2032, growing at a CAGR of 6.8% between 2022 and 2032, according to Fact.MR's recent report. The market is expected to reach USD 1,952 Million in 2022.

 

Over 7,350 thousand tonnes are expected to be sold in on-the-go food packaging, of which 28% is expected to be consumed in North America alone.

 

Around 1% of the total revenue made by the global food packaging market in 2021 came from the on-the-go food packaging market. During the assessment period of 2022-2032, the on-the-go food packaging industry is predicted to offer an absolute dollar opportunity of USD 1,808 Million.

 

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In The Global On-The-Go Food Packaging Market, Polyethylene Terephthalate Is A Highly Utilized Packaging Material.

 

In the global market for on-the-go food packaging, polyethylene terephthalate will continue to be a widely used packaging material throughout the forecast period, according to consumer level analysis and a specific questionnaire.

 

More than 1.750 thousand tonnes of polyethylene terephthalate-based products for on-the-go food packaging were sold globally in the recent 2018–2019 period.

 

Given the aforementioned factors, it is anticipated that the market for polyethylene terephthalate material for on-the-go food packaging will increase at a 6.6% CAGR from 2022 to 2032 and reach a value of about USD 447 million in 2022.

 

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%

 

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Leading Companies in the Market for Mobile Food Packaging

The global market for food packaging for on-the-go consumption is incredibly fragmented and competitive as a result of the large number of domestic and regional competitors. Key players employ a range of marketing strategies, such as partnerships, expansions, mergers and acquisitions, and collaborations.

 

The best companies also use new product development as a strategic tool to increase consumer awareness of their brand. These strategies have led to the incorporation of contemporary food-on-the-go packaging.

 

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

 

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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

* This article was originally published here