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On-the-go Breakfast Packaging Market - Increasing Trend of Consumption of Convenience Foods Propells Growth

04-18-2018 06:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global on-the-go breakfast packaging market is characterized by a high degree of fragmentation with a large number of small and medium-sized companies, which renders an intense competitive scenario. In order to survive the cut-throat competition, savvy players are engaged in broadening their product portfolio range for a single product to cater to the different requirements of consumers.

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Some of the key growth drivers in the global on-the-go breakfast packaging market are increasing trend of consumption of convenience foods, rising trend of single households, increasing expenditure on prepared foods, and a large number of women in the workforce.

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Apart from this, rising health claims of manufacturers of on-the-go breakfast foods about additional health benefits, especially the organic variants is bolstering the demand for food packaging solutions.

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The global on-the-go breakfast packaging market is divided into rigid packaging and flexible packaging based upon packaging type. The segment of flexible packaging accounts for a leading share in the market in terms of value. The major factor driving the flexible packaging segment is consumer preference for convenient packaging solutions. Flexible packaging is expected to rise at a CAGR of 5.5% over the forecast period.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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