About On-The-Go Packaging
On-the-go packaging is used for the packaging of consumer goods in industries such as food and beverages, healthcare, cosmetics, household products, and FMCG used in daily life. Most of the products like food products, beverages, and drugs/medicines are meant for quick consumption, with the packaging offering convenience features such as easy opening, reclosability, portability and one-handed use. Plastic or PET packaging and carton packaging are preferred for on-the-go packaging. Examples include pouches, plastic films, cups, cans, sachets, tubs, bags, blisters, and sachets. In addition to providing convenience to customers, on-the-go packaging plays a role in encouraging customers to purchase the products.
Technavio’s analysts forecast the global on-the-go packaging market to grow at a CAGR of 4.67% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global on-the-go packaging market for 2016-2020. To calculate the market size, the report considers the total revenue generated from different end-users and types of product such as flexible plastic packaging, paper and paperboard packaging and other packaging products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global On-The-Go Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global on-the-go packaging market: Bemis, Berry Plastics, Coveris, Printpack, Sealed Air, and Sigma Plastics.
Other Prominent Vendors in the market are: Amcor, American Packaging, Bryce, Hood Packaging, Huhtamaki, InterFlex, Mondi, Novolex, Oracle Packaging, ProAmpac, Pregis, Scholle IPN, Sonoco Products, WestRock, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “Demand for innovative lightweight materials will be a key trend for the market. Vendors are providing high-performance, light-weight folding cartons, and containerboard grades because cost reduction, improving performance, and environmental concerns. For instance, in 2014, MWV Rigesa (now WestRock) launched HyPerform line of Kraftliner and fluting papers that provide more tamper-resistance to the product with a lower basis weight.”
According to the report, growing demand for packaged food and beverages will be a key driver for market growth. The rise in the demand for packaged food and beverages among consumers across various developed and developing countries has propelled the demand for pouches and paperboard carton packaging products. With the increase in consumer income in countries, including China, India, and Brazil, the demand for good-quality packaged food is also increasing. Moreover, the rise in population in many countries has led to increased consumption of packaged food and beverages, which also leads to an increase in demand.
Further, the report states that high risk of contamination of packaged foods will be a challenge for the market. The primary objective of packaging is to protect a product from environmental effects and extreme weather conditions as well as contamination by microorganisms. Though folding carton boxes are a safe packaging option, contamination does occur in certain instances. This forces food manufacturers to switch to other packaging options. Hence, manufacturers are developing safe designs for folding cartons, especially those used in the packaging of food and beverages.
Bemis, Berry Plastics, Coveris, Printpack, Sealed Air, Sigma Plastics, Amcor, American Packaging, Bryce, Hood Packaging, Huhtamaki, InterFlex, Mondi, Novolex, Oracle Packaging, ProAmpac, Pregis, Scholle IPN, Sonoco Products, WestRock, Winpak.
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