Outlook of the global on-the-go packaging market

The global on-the-go packaging market is envisaged to witness steady growth and will post a CAGR of more than 4% over the forecast period. Due to the increasing demand for convenient packaging solutions, the market for on-the-go packaging will have a positive outlook in the coming years. Rapidly changing lifestyles and busy schedules have led to an augmented demand for packaged foods and ready-to-eat meals. To cater to this increasing demand for quality packaged food, vendors are developing packaging solutions that maintains freshness, improves safety and convenience, and extends shelf life of the products. In addition, the launch of new food packages with additional features such as zippers, re-closures, tear notches, peel-off lids, hand-holes, and microwavability will also contribute to this market’s growth over the predicted period.

The growing popularity of retail-ready packaging and multipack cartons is one of the significant trends impelling the growth prospects for this market during the estimated period. Products in retail-ready packs can be directly placed on shelves for sale and are easy to identify. Due to their numerous advantages, many retailers have started demanding retail-ready folding cartons as it helps them to minimize their display costs. Also, manufacturers of varied consumer products are opting for multipack folding cartons as they help in multi-branding and reducing costs.

Segmentation by material type and analysis of the on-the-go packaging market

• Flexible plastic packaging
• Paper and paperboard packaging

The flexible plastic packaging segment dominated the market and is expected to reach more than USD 76 billion by 2020. Flexible plastic packaging comprises the use of raw materials such as BOPP, BOPET, PE, PVC, and PA. These products do not react with food and consumables and are easy to transport. Consequently, they are used for packaging baby food, bakery products, frozen foods, personal care products, and medical devices. The growing demand and increasing preference for flexible packaging products such as plastic pouches will contribute to this market segment’s growth over the next four years.

Geographical segmentation and analysis of the on-the-go packaging market

• APAC
• Europe
• North America
• ROW

In terms of geography, the APAC region dominated the global on-the-go packaging market by accounting for more than 34% of the market share in terms of revenue. Factors such as the presence of a large population base in this region, increase in disposable income, and rise in consumption of ready-to-consume food and beverages will aid in this market’s growth over the next few years.

Competitive landscape and key vendors

The global on-the-go packaging market is highly competitive and fragmented owing to the presence of several vendors offering plastic packaging and paper and paperboard packaging solutions. The vendors compete on the basis of product price, design, product innovation, product line, and quality and service to gain maximum market shares. The competitive environment is expected to intensify with an increase in product extensions, innovations in technology, increase in product extensions, and M&A activities.

 Key vendors in this market are -

• Bemis
• Berry Plastics
• Coveris
• Printpack
• Sealed Air
• Sigma Plastics

Other prominent vendors analyzed in this report are Amcor, American Packaging, Bryce, Hood Packaging, Huhtamaki, InterFlex, Mondi, Novolex, Oracle Packaging, ProAmpac, Pregis, Scholle IPN, Sonoco Products, WestRock, and Winpak.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global on-the-go packaging market?
• What are the key market trends impacting the growth of the global on-the-go packaging market?
• What are the challenges to market growth?
• Who are the key vendors in global on-the-go packaging market?
• What are the market opportunities and threats faced by the vendors in the global on-the-go packaging market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of global on-the-go packaging market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Flexible Packaging Market in Europe 2016-2020
• Global Flexible Paper Packaging Market 2015-2019
• Frozen Food Packaging Market in the US 2015-2019
• Aseptic Packaging Market in the Americas 2015-2019