Global On-the-go Packaging Market 2016-2020

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