ROCKVILLE Md., Feb. 24, 2022 (GLOBE NEWSWIRE) -- According to the latest report published by Fact.MR, the global on-the-go food packaging market is estimated at USD 1,952 Million in 2022 and is forecast to surpass USD 3,760 Million by 2032, growing at a CAGR of 6.8% during 2022-2032.
sales of on-the-go food packaging products is estimated to register sales of over 7,350 thousand tons out of which ~28% is estimated to be consumed by North America itself.
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
To learn more about on-the-go food packaging Market, you can get in touch with our Analyst at
https://www.factmr.com/connectus/sample?flag=AE&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%.
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=476
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
Explore Fact.MR's Coverage on the Chemicals & Material Domain
High Temperature Coatings Market Scope: The global high temperature coatings market report published by Fact.MR sheds an insight on the prominent growth dynamics, including possible drivers, opportunities and new entrants, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report.
Bio-based Coatings Market Survey: Fact.MR's incisive coverage on the bio based coatings market explicates on the key drivers, trends and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated.
Anti-Adhesion Coatings Market Research: Fact.MR, in its new offering, provides an unbiased analysis of the global anti-adhesion coatings market, presenting historical demand data and forecast statistics. The study divulges compelling insights on the flame retardant polyester resins market on the basis of product type, end use industry type, and regional outlook.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Tel: +1 (628) 251-1583
