Value of On-The-Go Food Packaging Market in 2032 Is Forecast To Surpass USD 3,760 Million by 2032 End

The market
for on-the-go food packaging is expected to reach USD 3,760 Million by 2032,
growing at a CAGR of 6.8% between 2022 and 2032, according to Fact.MR’s recent
report. The market is expected to reach USD 1,952 Million in 2022.

 

Over 7,350
thousand tonnes are expected to be sold in on-the-go food packaging, of which
28% is expected to be consumed in North America alone.

 

Around 1% of
the total revenue made by the global food packaging market in 2021 came from
the on-the-go food packaging market. During the assessment period of 2022-2032,
the on-the-go
food packaging industry is predicted to offer an absolute dollar
opportunity of USD 1,808 Million.

 

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In The Global On-The-Go Food Packaging
Market, Polyethylene Terephthalate Is A Highly Utilized Packaging Material.

 

In the
global market for on-the-go food packaging, polyethylene terephthalate will
continue to be a widely used packaging material throughout the forecast period,
according to consumer level analysis and a specific questionnaire.

 

More than
1.750 thousand tonnes of polyethylene terephthalate-based products for
on-the-go food packaging were sold globally in the recent 2018–2019 period.

 

Given the
aforementioned factors, it is anticipated that the market for polyethylene
terephthalate material for on-the-go food packaging will increase at a 6.6%
CAGR from 2022 to 2032 and reach a value of about USD 447 million in 2022.

 

Report Attributes

Details

Base Year
Value (2021A)

USD 1,875
Million

Estimated
Year Value (2022E)

USD 1,952
Million

Projected
Year Value (2032F)

USD 3,760
Million

Global
Growth Rate (2022-2032)

CAGR 6.8%

North
America Market Share in 2021

~35.8%

North
America Growth Rate (2022-2032)

CAGR 6.4%

Top 5
Companies Market Share in 2021

~40.3%

 

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Leading Companies in the Market for Mobile
Food Packaging

The global market
for food packaging for on-the-go consumption is incredibly fragmented and
competitive as a result of the large number of domestic and regional
competitors. Key players employ a range of marketing strategies, such as
partnerships, expansions, mergers and acquisitions, and collaborations.

 

The best
companies also use new product development as a strategic tool to increase
consumer awareness of their brand. These strategies have led to the
incorporation of contemporary food-on-the-go packaging.

 

Key Companies Profiled

·        
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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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

* This article was originally published here

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