On the Go Packaging Market Forcasted for Accelerated Growth by 2024
On the Go Packaging Market to Maintain Healthy CAGR During 2016 – 2024
Deerfield Beach, FL -- (SBWire) -- 07/11/2017 --Zion Market Research, the market research group announced the analysis report titled 'On the Go Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Global On the Go Packaging Market: Overview
Packaging is a reliable technology integrated with science and art terminology used to enclose the product to protect it from getting damage and contamination specifically the consumables such as food and liquids. Most of the products including food products, beverages, and medicines are intended for immediate consumption; on the go packaging is designed based on the factors offering convenient features such as easy opening, reclosability, portability, and single-hand use. On the go packaging is mainly used for packaging frozen foods, juice, meat, processed foods, and others.
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Global On the Go Packaging Market: Segmentation
On the go packaging market is segmented based on various packaging types including flexible packaging and paperboard packaging. Further, the flexible packaging is sub-segmented as clamshells, plastic trays, peel off lids, and zip pouches. Similarly, paperboard packaging is sub-divided as corrugated boxes, folding cartons, and rigid boxes. Moreover, the end-user application is classified as food beverage, pharmaceuticals, healthcare, hygiene products, and personal care industries.
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Global On the Go Packaging Market: Growth Factors
The rise in disposable income and spending capability, as well as increase in population in developing countries, is boosting the demand for consumable products and FMCG products for daily use; hence rising the demand for on the go packaging. Considerable transformation in consumer lifestyle and availability of various products in the wide range is also rising the demand for on the go packaging in the market. Large utilization of packaged food which can be made by the instant preparatory method and reduced making time are the major factors responsible for rising demand for on the go packaging. Consumers willingly spending on the portable food products in the busy schedules is also driving the on the go packaging market. The blending of creativity and packaging ideology to ease the delivery system and make the packaging more convenient for the consumers in the terms of fast food category is also driving the growth of the on the packaging market. The Huge demand of on the go packaging in pharmaceutical industries and health and hygiene products is impacting the market positively. The possibilities of contamination of processed food due to the utilization of on the go packaging may the hinder the market to some extent.
Global On the Go Packaging Market: Regional Analysis
Geographically, the global on the go food packaging market is segmented as North America, Europe, the Middle East, Asia Pacific, Latin America, and Rest of World. Asia-Pacific is expected to lead the global on the go packaging market due to huge consumption of ready-to-eat food and rising disposable income.
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Global On the Go Packaging Market: Competitive Players
Some of the key participants dominating on the packaging market are Bemis, Sealed Air, Amcor, American, Packaging, Coveris, Berry Plastics, Printpack, Hood Packaging, Oracle Packaging, Pregis, Bryce, Sonoco Products, and InterFlex. Some of other key players include ProAmpac, Scholle IPN, WestRock, Winpak, Huhtamaki, and so on. Major players are opting for new innovations to increase their market presence. For instance, Excelsior Technologies Ltd. based in the UK introduced a series of the innovation including Snack&Go, Grab&Go, and Lunch&Go to increase the shelf life and to achieve a great consumer experience.
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