22-Mar-2021 | Market Research Store
As per the report published by Market Research Store, global demand for On the Go Packaging market was valued at approximately USD 2,290 Million in 2019, and is expected to generate revenue of around USD 3,309 Million by end of 2026, growing at a CAGR of around 5.4% between 2020 and 2026.
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.
Major players in the market are American Packaging, Bemis, Berry Plastics, Amcor, 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.
Increase In the E-commerce Retail and Shift in the Lifestyle is Driving the Market
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-embalms 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..
North America & Asia Pacific Region Projected To Dominate Global On the Go Packaging Market Growth
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..
Browse the full “On the Go Packaging Market By Flexible Packaging (Clamshells, Peel off Lids, Plastic Trays, and Zip Pouches), By Paperboard Packaging (Corrugated Boxes, Folding Cartons, and Rigid Boxes), and By End User (Food Beverage, Healthcare, Hygiene Products, Personal Care Industries, and Pharmaceuticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/on-the-go-packaging-market-828538
The global On the Go Packaging market is segmented as follows:
By Flexible Packaging:
By Paperboard Packaging:
By End User:
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