On the Go For Packaging Market: Consumption of Polyethylene Terephthalate Materi

Posted by Arslan on March 6th, 2019

Proactive consumer lifestyles and increasing pace of food preparation methods has driven the demand for packaging on-the-go foods. As the demand for on-the-go foods continues to soar across multiple regions, consumers are demanding innovative packaging solutions. Leading players in the global packaging landscape are actively partaking in the  on-the-go food packaging market to reap high profit margins and brimming demand.

Fact.MR’s latest forecast study on the global on-the-go food packaging market estimates that the global demand for on-the-go food packaging will soar robustly during the assessment period, 2017-2026. By the end of 2026, the global on-the-go food packaging market is expected to register a valuation over one billion dollars. The report further observes that during the forecast period, the global market for on-the-go food packaging will register a volume CAGR of 5.8%.

The report reveals that polyethylene terephthalate will remain a highly-used packaging material in the global on-the-go food packaging market throughout the forecast period. In 2017, more than 1,600 thousand tons of on-the-go food packaging products sold in the world were made of polyethylene terephthalate. The report has also observed a growing use of high density polyethylene and aluminum as key on-the-go food packaging materials in the global packaging landscape. Over the forecast period, on-the-go food packaging products made of aluminum and high density polyethylene will register robust volume CAGRs.

Browse Full report with TOC:

https://www.factmr.com/report/476/on-the-go-food-packaging-market

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%.

Leading companies in the global on-the-go food packaging market have been profiled in the report. Companies namely, Mondi Group, Amcor Limited, Bemis Company Inc., Sonoco Products Company, Huhtamäki Oyj, Smurfit Kappa Group PLC, Georgia-Pacific LLC, Sealed Air Corporation, Constantia Flexibles Group GmbH, and Berry Plastic Group, Inc. are expected to spearhead the production of on-the-go food packaging products across the globe during the forecast period. Integrating smart packaging technologies and introducing new packaging designs will be a key characteristic of the global on-the-go food packaging manufacturing landscape in the foreseeable future