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On the Go Food Packaging Market Riding the Wave to a $3,760 Million Projection by 2032

05-15-2024 05:11 PM CET | Chemicals & Materials

Press release from: Fact.MR

On the Go Food Packaging Market

On the Go Food Packaging Market

As per the most recent analysis released by Fact.MR, the worldwide On the go Food Packaging Market (外出先での食品包装市場) that is portable is valued at USD 1,952 million in 2022 and is anticipated to rise at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2032, when it surpasses USD 3,760 million.

It is predicted that about 7,350 thousand tons of on-the-go food packaging items will be sold, with around 28% of that amount being consumed in North America.

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.

For Critical Insights on This Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=476

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

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=476

6 Key Pointers Highlighting Fact.MR's Forecast on Global On-the-go Food Packaging Market:

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%.

Browse Full Report @ https://www.factmr.com/report/476/on-the-go-food-packaging-market

Key Stakeholders Of The Global On-The-Go Food Packaging Industry:

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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