Global On-the-go Food Packaging Market Projected to Augment at a Notable CAGR during the Forecast Period until 2026 / Key Companies Mondi Group, Amcor Limited, Bemis Company Inc., Sonoco Products Company, Huhtamäki Oyj, Smurfit Kappa Group PLC, Georgia-P
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The report further reveals that North America and the Asia-Pacific excluding Japan (APEJ) region are the most lucrative marketplaces for adoption of on-the-go food packaging. By the end of 2026, North America will emerge as the largest market for on-the-go food packaging, reaching an estimated valuation of US$ 308 Mn.
The report reveals that polyethylene terephthalate will remain a highly-used packaging material in the global on-the-go food packaging market throughout the forecast period. In 2017, more than 1,600 thousand tons of on-the-go food packaging products 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.
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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. Over the forecast period, rigid boxes are estimated to register highest volume CAGR of 6.3% in terms of packaging type. 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 convenience foods is estimated to account for approximately 50% of the overall global market volumes during the forecast period. Through 2026, majority of on-the-go food packaging products will be fabricated through thermoforming techniques.
Leading companies in the global on-the-go food packaging market have been profiled in the report. Companies namely, Mondi Group, Amcor Limited, Bemis Company Inc., Sonoco Products Company, Huhtamäki Oyj, Smurfit Kappa Group PLC, Georgia-Pacific LLC, Sealed Air Corporation, Constantia Flexibles Group GmbH, and Berry Plastic Group, Inc. are expected to spearhead the production of on-the-go food packaging products across the globe during the forecast period. Integrating smart packaging technologies and introducing new packaging designs will be a key characteristic of the global on-the-go food packaging manufacturing landscape in the foreseeable future.
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