PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530866
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530866
According to Stratistics MRC, the Global On-the-Go Food Packaging Market is accounted for $2.13 billion in 2024 and is expected to reach $3.00 billion by 2030, growing at a CAGR of 5.9% during the forecast period. On-the-Go Food Packaging is a packaging solution designed for convenience and portability, allowing consumers to easily transport and consumes food while away from home. This type of packaging often includes features such as resealability, spill-proof designs, and easy-to-open mechanisms. It caters to busy lifestyles, providing quick access to meals or snacks in various settings like commuting, work, or travel. This packaging emphasizes functionality, hygiene, and user-friendliness.
According to the Indian Brand Equity Foundation, the total number of 829 million internet users as of 2021 opt for on-the-go breakfast packaging industry.
Escalating urbanization and busy lifestyles
As more people live in urban areas with fast-paced schedules, the need for easily accessible, ready-to-eat meals increases. This trend encourages the development of packaging that accommodates hectic lifestyles, such as single-serve, resealable, and spill-proof designs. Additionally, urban centers often feature high-density populations, boosting the consumption of fast food and takeout, which further supports the market for innovative on-the-go packaging solutions. This growing consumer preference aligns with the packaging industry's focus on convenience and functionality.
Regulatory challenges
Regulatory challenges in on-the-go food packaging arise from stringent regulations on food safety, material safety, and environmental impact. Compliance with varying regional standards can increase production costs and complicate packaging design. These regulations may require extensive testing, certifications, and adjustments to materials, which can slow market entry and innovation. Consequently, these regulatory hurdles can impede market growth by raising costs and limiting the flexibility and speed of introducing new packaging solutions.
Growth of the fast food and takeout industry
Since consumers increasingly look for convenient, ready-to-eat meals, foodservice providers need packaging that preserves food quality while facilitating easy handling and transport. This demand fosters innovation in packaging designs, including spill-proof, microwave-safe, and environmentally friendly options. The rise of delivery services and the expansion of fast food chains further boost this need, resulting in a higher demand for on-the-go food packaging solutions. As a result, the market experiences growth in both the variety of products available and advancements in packaging technology.
Growth of reusable containers and sustainable alternatives
Reusable containers and sustainable alternatives offer eco-friendly options that reduce reliance on single-use packaging. As consumers and businesses increasingly prioritize sustainability, the demand for traditional disposable packaging declines. This shift challenges the market by emphasizing the need for more environmentally responsible solutions, which can be costly and complex to develop. Further, environmental concerns about plastic waste put pressure on manufacturers, leading to reduced growth potential for conventional on-the-go food packaging solutions.
Covid-19 Impact
Covid-19 significantly impacted the On-the-Go Food Packaging Market by accelerating the demand for hygienic, single-use packaging to reduce the risk of virus transmission. The pandemic heightened consumer preference for packaged food that ensures safety and freshness. However, it also increased environmental concerns about single-use plastics. Overall, the pandemic underscored the need for innovation in both safety and sustainability in packaging solutions.
The flexible packaging segment is expected to be the largest during the forecast period
The flexible packaging segment is estimated to have a lucrative growth, due to its versatility, convenience, and efficiency. It includes materials like films, pouches, and bags that adapt to various shapes and sizes, making it ideal for portable food products. Its lightweight and space-efficient design enhances ease of transport and storage. Flexible packaging often features resealable closures and barrier properties to maintain food freshness. Its adaptability to various food forms and convenience features make it a popular choice for consumers seeking quick and accessible food solutions.
The snacks and ready-to-eat meals segment is expected to have the highest CAGR during the forecast period
The snacks and ready-to-eat meals segment is anticipated to witness the highest CAGR growth during the forecast period, due to its convenience, portability, and freshness. Packaging solutions, such as resealable pouches, single-serve containers, and flexible films, cater to busy lifestyles by offering easy access and transport. These packages often feature enhanced barrier properties to keep food fresh and prevent contamination. The trend towards healthier, pre-portioned snacks and quick meals drives innovation in packaging design.
The on-the-go food packaging market in the Asia-Pacific region is experiencing rapid growth due to increasing urbanization, busy lifestyles, and rising disposable incomes. The region's expanding food and beverage industry, coupled with a growing preference for convenience, fuels demand for innovative packaging solutions. Countries like China, India, and Japan are leading in market expansion due to their large populations and evolving consumer habits. the market's potential is further supported by technological advancements and rising food delivery services.
In North America, the on-the-go food packaging market is driven by busy lifestyles, a high demand for convenience, and a robust foodservice industry. Innovations in packaging, such as eco-friendly materials and advanced functionalities, are key trends. The market benefits from strong consumer preference for ready-to-eat and takeaway meals, bolstered by growth in food delivery services. The rise in food delivery services and takeout options, accelerated by the covid-19 pandemic, further drives growth. The region is also focused on integrating sustainability with packaging solutions.
Key players in the market
Some of the key players profiled in the On-the-Go Food Packaging Market include Amcor plc, Berry Global Group, Mondi Group, Smurfit Kappa Group, Huhtamaki Oyj, Sealed Air Corporation, Coveris Holdings S.A., Bemis Company, Inc., Printpack, Inc., Sonoco Products Company, ProAmpac, Scholle IPN, WestRock Company, Winpak Ltd., Hood Packaging Corporation, Oracle Packaging, Pregis LLC and Bryce Corporation.
In July 2024, Coveris, has launched an innovative new range of fibre based hot-to-go packs, targeting growing demands for hot eats, as well as reducing waste through their recyclable 'heat in pack, eat in pack' offer. Driven by consumer trends towards food-to-go premiumization, experimentation, convenience, increased missions and a greater need for value, the hot-eat segment presents one of the biggest opportunities for food-to-go.
In April 2024, Amcor launched a one-liter polyethylene terephthalate (PET) bottle for carbonated soft drink (CSD) use that is made from 100% post consumer recycled (PCR) content. This first-of-its-kind stock option will support customers as they strive to meet sustainability commitments and requirements.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.