The global on-the-go pots market is anticipated to see significant growth over the next decade, driven by evolving consumer lifestyles and increasing demand for convenient packaging solutions. According to recent market analysis, the on-the-go pots market is projected to expand from US$ 117.3 million in 2022 to US$ 175.3 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.1% during the forecast period.
Core Concepts in the On-The-Go Pots Market
- CAGR: The on-the-go pots market is estimated to garner a CAGR of 4.1% during the forecast period.
- Leading Regional Market: Europe is the leading market for on-the-go pots.
- Market Size by 2032: The market is likely to grow to a valuation of US$ 175.3 million by 2032.
- Performance of the North American Market:
- North America closely follows the leading region, with a revenue share of 17% in 2022.
- Both Europe and North America are expected to witness significant growth in the on-the-go pots market due to the high demand for ready-to-eat packaged food and beverages.
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Key Market Trends Driving Growth:
- Excellent Printing Quality and Sustainable Materials: The surge in adoption of on-the-go pots is attributed to the use of sustainable materials and excellent printing quality in food packaging commodities. Consumers are increasingly demanding recyclable, convenient, and innovative packaging for breakfast cereals and other ready-to-eat food products.
- Portability and Easy Handling: The trend towards portability and easy handling is driving the sales of on-the-go pots across various sectors including pharmaceuticals, healthcare, food & beverage, and personal hygiene. Evolving customer lifestyles and the growing economy are propelling the demand for on-the-go pots.
- Flexible Packaging Segment Growth: The flexible packaging segment is witnessing growth due to enhanced ease of handling, which is expanding the on-the-go pots market. The increase in purchase and consumption of ready-to-eat food products, especially in developing economies, is further driving the sales of on-the-go pots.
- Smart Packaging Solutions: Manufacturers are opting for smart packaging solutions to cater to rapid urbanization, further elevating the sales of on-the-go pots. Transparent or see-through packaging for easy product identification and innovative designs are also contributing to market growth.
Market Restraints:
- Competition from Alternative Packaging: The launch of alternative packaging such as pouches and wraps is hindering the sales of on-the-go pots. Additionally, high costs associated with on-the-go food products compared to traditional packaging are posing challenges to market adoption.
- Distribution Network Challenges: Weak distribution networks of on-the-go products, especially in developing countries, are obstructing market expansion. Uncertainty in consumer buying patterns due to lockdown restrictions is also impacting market growth.
- Environmental Concerns and Regulations: Rising environmental concerns and stringent regulations on plastic disposal are impeding the sales of on-the-go pots. Fluctuating prices of raw materials for beverage packaging are further restraining market size growth.
Future Outlook: Embracing Sustainability and Innovation
- Focus on Sustainability: Developing compostable and recyclable packaging solutions will be crucial for gaining a competitive edge.
- Minimalist Design: Simplifying packaging designs and eliminating unnecessary materials aligns with the global trend towards minimalism.
- E-commerce Growth: Brands with a strong online presence can capitalize on the booming e-commerce market for on-the-go pots.
- Meal Delivery Trends: The rise of meal delivery services necessitates the development of more recyclable and biodegradable packaging solutions.
- Product Innovation: New product development, particularly in the realm of advanced food packaging functionalities, will further drive market adoption.
North American Market Poised for Significant Growth
North America is expected to witness substantial growth in the on-the-go pots market due to the high demand for ready-to-eat packaged food & beverages. The region’s well-developed storage and warehousing infrastructure further supports the market’s expansion.
This press release highlights the key trends and opportunities within the on-the-go pots market, paving the way for future growth and innovation in the convenient and sustainable packaging sector.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of the On-The-Go Pots industry. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Key companies profiled :
Joseph Joseph Ltd., MIRON Violettglas BV., Packaging Mode Ltd., Victoria Packaging Ltd., H&K MÜLLER GMBH & CO. KG., Jamestrong Packaging., Berry Plastics, Bemis, Coveris, Amcor Plc, Oracle Packaging, Tetra Pak International S.A., Bericap Holding GmBH, Graham Packaging Company, Sigma Plastics Group, Sonoco Products Company, Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, Mondi Group Plc, WestRock Company, International Paper Company, Coveris Holdings S.A., Huhtamäki Oyj, Winpak Ltd., Schur Flexibles Holding GesmbH
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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