Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1873.2 Million | USD 3020.59 Million | 4.9% | 2023 |
According to the report published by Zion Market Research, the global On the Go Packaging Market size was valued at USD 1873.2 Million in 2023 and is predicted to reach USD 3020.59 Million by the end of 2032. The market is expected to grow with a CAGR of 4.9% during the forecast period. The report analyzes the global On the Go Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the On the Go Packaging industry.
In the Global On the Go Packaging Market Report, Packaging is a reliable technology integrated with science and art terminology used to enclose the product to protect it from getting damaged and contamination specifically the consumables such as food and liquids. Most of the products including food products, beverages, and medicines are intended for immediate consumption; on-the-go packaging is designed based on the factors offering convenient features such as easy opening, reliability, portability, and single-hand use. On the go packaging is mainly used for packaging frozen foods, juice, meat, processed foods, and others.
On the go packaging market is segmented based on various packaging types including flexible packaging and paperboard packaging.
Further, the flexible packaging is sub-segmented as clamshells, plastic trays, peel off lids, and zip pouches.
Similarly, paperboard packaging is sub-divided as corrugated boxes, folding cartons, and rigid boxes.
Moreover, the end-user application is classified as food beverage, pharmaceuticals, healthcare, hygiene products, and personal care industries.
The rise in disposable income and spending capability, as well as increase in population in developing countries, is boosting the demand for consumable products and FMCG products for daily use; hence rising the demand for on the go packaging. Considerable transformation in consumer lifestyle and availability of various products in the wide range is also rising the demand for on the go packaging in the market. Large utilization of packaged food which can be made by the instant preparatory method and reduced making time are the major factors responsible for rising demand for on the go packaging. Consumers willingly spending on the portable food products in the busy schedules is also driving the on the go packaging market.
The blending of creativity and packaging ideology to ease the delivery system and make the packaging more convenient for the consumers in the terms of fast food category is also driving the growth of the on the packaging market. The Huge demand of on the go packaging in pharmaceutical industries and health and hygiene products is impacting the market positively. The possibilities of contamination of processed food due to the utilization of on the go packaging may the hinder the market to some extent.
Report Attributes | Report Details |
---|---|
Report Name | On the Go Packaging Market |
Market Size in 2023 | USD 1873.2 Million |
Market Forecast in 2032 | USD 3020.59 Million |
Growth Rate | CAGR of 4.9% |
Number of Pages | 193 |
Key Companies Covered | Bemis, Sealed Air, Amcor, American, Packaging, Coveris, Berry Plastics, Printpack, Hood Packaging, Oracle Packaging, Pregis, Bryce, Sonoco Products, and InterFlex. Some of other key players include ProAmpac, Scholle IPN, WestRock, Winpak, Huhtamaki, and so on |
Segments Covered | By flexible packaging By paperboard packaging By end-user By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the global on the go food packaging market is segmented as North America, Europe, the Middle East, Asia Pacific, Latin America, and Rest of World. Asia-Pacific is expected to lead the global on the go packaging market due to huge consumption of ready-to-eat food and rising disposable income.
Global On the Go Packaging Market: Competitive Players
Some of the key participants dominating on the packaging market are:
Some of other key players include :
Major players are opting for new innovations to increase their market presence. For instance, Excelsior Technologies Ltd. based in the UK introduced a series of the innovation including Snack&Go, Grab&Go, and Lunch&Go to increase the shelf life and to achieve a great consumer experience.
The Global On the Go Packaging Market is segmented as follows:
By packaging types
flexible packaging
paperboard packaging
By End-user application
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