Published: Mar-2021 | Format: PDF | Market Research Store | Number of pages: 120 | Code: MRS - 828538
In 2019 the global demand for On the Go Packaging is expected to grow by 5.4% in the period from 2020 to 2026 at USD 2.290 million, with an estimated USD 3.309 million in 2026.
Global On the Go Packaging Market: Overview
Packaging is a secure, science- and art-based technology to shield the commodity from loss and contamination, especially consumables such as food and liquids. Most products including meats, drinks and medicinal products are meant for instant use, and packaging is built on the basis of facilities such as quick opening, portability, reclosability, and handling. When packed, fresh fruit, juice, beef, processed foodstuffs and others are packaged.
Global On the Go Packaging Market: Growth Factors
As the market for consumable goods and FMCG products is growing, there is a rise in disposable sales and expenditure capability as well as in population growth in developed countries for every day usage. The demand for online packaging in the industry is also increasing with major shifts in the lifestyle of customers and the availability of different goods in the broad range. Significant uses of processed foods that could be achieved by instant preparedness process and decreased processing time are the key drivers of increased demand for on-the-go packaging. Often on the Go packaging market are customers who openly expend in the busy timetable on portable food goods. The mixing of the philosophy of innovation and packaging to make the distribution system more user-friendly for the fast food sector is also adding to the development of the packaging industry. There is a positive business effect from the huge demand for go-embals in the pharmaceutical and healthcare and grooming sectors. The potential for contamination of packaged food by the use of on-the-go packaging may to some degree impede the industry.
Global On the Go Packaging Market: Segmentation
On the Go packaging the global market is bifurcated based on various packaging types including paperboard packaging, flexible packaging, and end user. The flexible packaging is categorized as plastic trays, zip pouches, clamshells, and peel off lids. Additionally, paperboard packaging is categorized as folding cartons, corrugated boxes, and rigid boxes. Moreover, the end user application is sub-segmented as food beverage, healthcare, hygiene products, personal care industries, and pharmaceuticals.
Global On the Go Packaging Market: Regional Analysis
Based on regions, the global On the Go Packaging market can be divided into five main regions. The regional segment of North America is currently dominating the global market. The presence of several important players in the packaging sector is a key reason for North America's development. Besides the presence of an established mature packaging industry and changing customer patterns, regional market development is also a significant factor.
In the next few years of the forecast period from 2020 through to 2030, the regional segment of Asia-Pacific is projected to dominate the market. Growing demand for foodstuffs from emergent economies such as India and China is expected to be key to Asia-Pacific market development.
Global On the Go Packaging Market: Competitive Player
Major players in the market are American Packaging, Bemis, Berry Plastics, Amcor, Berry Plastics, Bryce, Coveris, Hood Packaging, InterFlex, Huhtamaki, Mondi, Printpack, 0020Oracle Packaging, Novolex, Pregis, Sealed Air, Proampac, Scholle IPN, Sonoco Products, Sigma Plastics, Winpak, and WestRock among others.
Global On the Go Packaging Market: Regional Segment Analysis
On the Go Packaging
On the Go Packaging