Industry Background:
Consumers are always on the move nowadays, picking up snacks at a kiosk or in the store and then consuming them in smaller portions on various occasions. The occurrence of flexible packaging materials and further developments in packaging technology are projected to be key trends leveraged by vendors in the global on-the-go packaging market in the near future. Meeting the consumer’s requirement for convenience, sustainability and safety are likely to play a vital role in strategies adopted by the vendor in this market.This growth is primarily driven by Growing Demand for Convenient Packaging and Increasing Demand for Packaged Food and Beverages.
Globally, a noticeable market trend is evident Growing Demand for Premium Packaging. Major Vendors, such as Berry Plastics (United States), Bemis (United States), Coveris (United States), Amcor (Australia), Oracle Packaging (United States), Tetra Pak (Switzerland), Bericap Holding GmBH (Germany), Sealed Air Corporation (United States), Graham Packaging Company (United States) and ELLER foodPackaging GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The U.S. Food and Drug Administration (FDA) regulates the packaging and labeling of food. The intent of these regulations is to enhance the safety of food distributed throughout the United States and keep consumers informed about the food they're consuming. The FDA classifies any packaging that comes into direct contact with food as a "food contact substance." It is the responsibility of The Office of Food Additive Safety and The Center for Food Safety and Applied Nutrition (CFSAN) to ensure the safety of these food contact substances. This means packaging materials like plastics, coatings, papers, food colorants, and adhesives must be regulated and deemed safe for use.
Market Drivers
- Growing Demand for Convenient Packaging
- Increasing Demand for Packaged Food and Beverages
Market Trend
- Growing Demand for Premium Packaging
Restraints
- High Risk Associated With Contamination of Packaged Foods
- Increasing Price of Raw Materials
Opportunities
Rising Use of Pouch Packaging
Challenges
Cost Intensive Business
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, On the go Packaging Study Sheds Light on
The On the go Packaging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the On the go Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where On the go Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.