On The Go Packaging Market

On the Go Packaging Market Snapshot

[192 Pages Report] According to Future Market Insights research, during the projected period, the global on the go packaging market is set to enjoy a valuation of US$ 1.9 Bn in 2022, and further expand at a CAGR of 4.8% to reach US$ 2.2 Bn by the year 2032. The on the go packaging market revenues are estimated to propel with the top 3 countries projected to hold 25-30% of the global on the go packaging market by the end of 2022.

The pouches & bags segment by packaging format is estimated to remain the lucrative segment among the other packaging format during the forecast period. The target segment is expected to register a CAGR of 4.2% during 2022-2032.

Attributes	Details
Market Size 2022	US$ 1.9 Billion
Market Size 2032	US$ 2.2 Billion
Value CAGR (2022 to 2032)	4.8%
Collective Value Share: Top 3 Countries (2022E)	25 to 30%

According to FMI analysis, the on the go packaging market revenue reached US$ 2.2 Bn for the year 2021. The demand for plastic on the go packaging is estimated to boost with the top 5 companies projected to hold around 15-20% of the global on the go packaging market by the end of 2022.

The on the go packaging market is anticipated to witness positive growth during the forecast period. A new forecast by FMI estimates that the on the go packaging sales will rise during 2022-2032 and is anticipated to create a growth opportunity of US$ 3.7 Bn.

The changing lifestyle and increasing consumer preference for packaged food due to busy working schedules is projected to augment the sales of on the go packaging. The on the go packaging market is estimated to grow 1.2 times the current market value during 2022-32.

Historic Market Outlook for On the Go Packaging

The global on the go packaging market experienced a growth rate of 4.3% during 2016-2021 and reached US$ 1.8 Bn in 2021.

The on the go packaging includes various packaging formats such as bottles & jars, cans, trays & clamshell, pouches & bags, boxes & cartons, and others that are used for packaging food items. The demand for on the go packaging is slowly increasing due to the consumer shift towards ready-to-eat and packaged food items as it saves cooking time which benefits the working young consumers.

Also, the availability of healthy and nutritious food products by the food brand gains popularity among health consumer consumers which propels the demand for on the go packaging. The customization by the on the go packaging manufacturers such as single-serve packaging gains traction among the consumer as it helps in reducing food waste.

Furthermore, the companies are adopting newer materials and are focusing on developing eco-friendly and sustainable packaging with physical properties which make them suitable for different on the go packaging formats. Overall, the on the go packaging market is projected to rise at a faster pace during the forecast period.

How does the Increasing Demand for Single Serve Packaging Augment the Sales of On the Go Packaging?

On the go packaging has been increasingly popular in the food and food services industries throughout time. The convenience features of the product, such as its small size, which makes it easy to carry, the pre-measured dose or quantity of the product, and its better uses in terms of quantity supplied, are the main elements that contribute to its market penetration. Single-use packaging helps to reduce excessive product loss during dispensing or product consumption. Single-use packaging helps to prevent or reduce product contamination, which results from frequent user contact with the product.

Many brands utilize single-use packs for sampling, to speed up the penetration of their products into other markets, and particularly to target economically disadvantaged societies in developing nations. As a substantial portion of the population in emerging economies, single-use packs are a marketing tactic intended to appeal to them.

Single-use packaging has reached its pinnacle of popularity in numerous nations, including India, China, and Indonesia. The rationale is owing to the fact that more consumers are experimenting with products utilizing single-use packs than with multiple-use packaging, particularly in the confectionery and ready-to-eat food industries.

How does the Transition of Composite Cans as an Alternative to Metal Cans Drive the Demand for On the Go Packaging?

On the aisles of grocery stores, composite cans are a common packaging type. These are employed for both food and non-food end uses, allowing businesses to create distinctive packages to satisfy consumer preferences. They come in a wide range of sizes, barrier alternatives, and open ends that are simple to use.

Due to their eco-friendliness and affordability, composite cans are anticipated to replace metal cans. Particularly for dry and granular food goods, consumers strongly prefer composite cans. Composite cans are a perfect option for customers because of their minimal weight. In contrast to composite cans, metal cans are bulky and not biodegradable.

Comparatively speaking to metal cans, the composite cans' offered simple-to-open membranes that allow for easier peeling. Due to heavy-weight and consumer inconvenience for metal cans, manufacturers are focusing on lightweight composite cans. For instance; Sonoco Products Company provided composite cans to Hans Freitag cookie and waffle bakery to pack biscuits. It was a collaboration with “Fit for Fun” wellness magazine.

Category-wise Insights

Which Material is Majorly Preferred by the On the Go Packaging Manufacturers?

The plastic material is majorly preferred by the on the go packaging manufacturers due to its benefits such as being lightweight, durable, flexible, barrier resistance, and others. Also, the plastic material can be adapted for any packaging format used in on the go packaging. The plastic on the go packaging segment is projected to hold around 55% of the market value share by the end of 2022.

Which Packaging Format Segment is estimated to remain the Lucrative Segment for the Global On the Go Packaging Market?

The pouches & bags segment by packaging format is estimated to remain the lucrative segment for the global on the go packaging market. The same segment is anticipated to grow 1.7x the current market value during the forecast period. The reason behind the same is the increasing preference for flexible packaging solutions by the consumer for packaged food products.

Country-wise insights

Why is the U.S. Projected to Augment the Sales of On the Go Packaging?

The U.S. is estimated to hold around 4/5 portion of the North American on the go packaging market. The reason behind the same is the increasing consumption of snacks in the U.S. According to the data published by the Institute of Food Technologists (IFT), on average the U.S. adult eats 2.7 snacks per day. Besides this, younger adults consume around five or more snacks daily. This is projected to augment the sales of the packaging in the U.S.

Competitive Landscape

The key players operating in the on the go packaging market are trying to focus on increasing their sales and revenues by expanding their resources and capabilities. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments in by the leading players are as follows –

• In April 2022, Mondi Group introduced two new recyclable packaging products - a paper-based tray and a semi-rigid plastic tray for the food industry.
• In March 2022, WestRock Company expanded its capacity by developing 285,000 square foot facility in Claremont.
• In March 2021, Amcor plc announced the collaboration with a group of companies which will help the company to produce Australia’s first soft plastic food wrapper made with recycled content.

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 4.8% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Units and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Material Packaging Format End-users Region
Regions Covered	North America Latin America Europe East Asia South Asia Middle East and Africa Oceania
Key Countries Covered	USA Canada Mexico Brazil Germany UK France Italy Spain Russia China Japan India GCC countries Australia
Key Companies Profiled	Amcor plc Mondi Group Sonoco Products Company Berry Global Group Smurfit Kappa Group Sealed Air Corporation WestRock Company Gerogia-Pacific LLC Huhtamaki Oyj Tetra-Pak Constantia Flexibles Group GmbH Winpak Ltd. ProAmpac LLC Pactiv LLC Glenroy Inc. Stora Enso Oyj
Customization & Pricing	Available upon Request

On the Go Packaging Market by Category

By Material, On the Go Packaging Market is Segmented as:

• Paper & Paperboard
• Plastic
• Metal

By Packaging Type, On the Go Packaging Market is Segmented as:

• Bottles & Jars
• Cans
• Trays & Clamshell
• Pouches & Bags
• Boxes & Cartons
• Others (Sachets, Stick Packs, etc.,)

By End-users, On the Go Packaging Market is Segmented as:

• Foodservice Outlets
• Institutional Foodservice
• Online Food Delivery

By Region, On the Go Packaging Market is Segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

Frequently Asked Questions

What was the value of the on the go packaging market in 2021?

In 2021, the value of the global On the Go Packaging market was US$ 1.8 Bn.

How many times is the global on the go packaging market projected to grow?

During the forecast period, the global on the go packaging market is anticipated to grow 1.2 times the current market value.

By 2032, what will the value of the global on the go packaging market?

The global on the go packaging market is expected to reach US$ 2.2 Bn by the end of 2032.

Which material segment is expected to lead the global on the go packaging market during the forecast period?

During the forecast period, the plastic material is likely to be the fastest-growing material segment in the global on the go packaging market.

What drives the demand for On the Go Packaging?

Increasing consumer preferences for ready-to-eat food is the prime factor driving the global on the go packaging market.

Which are the top players in the global on the go packaging market?

The top players in the global on the go packaging market are Amcor plc, Berry Global Group, Mondi Group, Smurfit Kappa Group, Huhtamaki Oyj, and others.