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
PR Newswire 
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