“Global On-the-go Food Packaging Market Report, History and Forecast 2014-2025,” is the new report published by QYR Consulting for the projected period of 7-years that is between 2018 and 2025. On-the-go is one of the most vibrant trends in the food packaging industry. It has been noticed that the number of consumers all over the world buy food and beverages on-the-go due to the advantages of quick checkout, convenience, and ease of use. On-the-go food packaging is designed according to consumer's habits and lifestyles. Manufacturers are launching a variety of innovative products that are unique from co-competitors to stand out in the global market.
Global On-the-go Food Packaging Market: Drivers and Restraints
Growing demand for on-the-go food and changing lifestyles are two important factors which are likely to increase the growth of On-the-go Food Packaging market. Manufacturers are giving innovative solutions to customers to grow their sales in the worldwide market. On-the-go food is highly preferred by consumers because of the reduction in time spent on cooking. Rising affinity of the customers for re-usability, portability, easy usage, and re-closable properties are anticipated to trigger the growth of the global On-the-go Food Packaging market. However, food contamination is likely to hinder the growth of the global On-the-go Food Packaging market.
Global On-the-go Food Packaging Market: Segmental Analysis
The global On-the-go Food Packaging market is segmented into two segments such as by packaging material and by packaging type. By packaging material, the market is segmented into polyvinyl chloride, polyethylene terephthalate, aluminum, High-density Polyethylene, Polypropylene, Low-density Polyethylene, and Others. Among these packaging materials, polyethylene terephthalate is expected to contribute a major share in the global On-the-go Food Packaging material market. Polyethylene terephthalate is a widely used packaging material for the packaging of various food products, which is expected to further bolster the demand in the worldwide market.
By packaging type, the global On-the-go Food Packaging market is segmented into bottles and jars, cans, rigid boxes, pouches, trays, and others. Among packaging types, rigid box is projected to account for a telling market share of global On-the-go Food Packaging market.
Global On-the-go Food Packaging Market: Geographical Analysis
Geographically, North America is predicted to acquire an outstanding share of the global On-the-go Food Packaging market. The US, as well as Canada, are likely to remain lucrative markets for many market participants in North America. Additionally, extensive consumption of on-the-go food products in US and Canada could support On-the-go Food Packaging market expansion. Apart from North America, Asia-Pacific is also prophesied to generate attractive opportunities in the worldwide market.
Global On-the-go Food Packaging Market: Key Players
Some of the top players operating in the On-the-go Food Packaging market are Amcor Limited, Bemis Company Inc., Sealed Air Corporation, Mondi Group, Smurfit Kappa Group PLC, Berry Plastic Group, Inc., Huhtamäki Oyj, Georgia-Pacific LLC, Constantia Flexibles Group GmbH, and Sonoco Products Company. Companies are innovating different packaging materials for on-the-go food products, which are more sustainable and environment-friendly. Apart from this, market participants are adopting new technologies and practicing modern ways of doing business in order to solidify the position in the market across the globe.
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