The global on-the-go pots market, valued at USD 117.3 million in 2022, is forecasted to grow at a compound annual growth rate (CAGR) of 4.1% during the forecast period, reaching a projected USD 175.3 million by 2032. This growth is largely driven by the increasing demand for recyclable, convenient, and innovative packaging solutions, particularly within the breakfast cereals and ready-to-eat food segments.
On-the-go pots have gained popularity due to their ability to offer convenience, portability, and the ability to preserve the freshness of food products. As consumers become more focused on sustainability, the adoption of eco-friendly materials and high-quality printing techniques has surged, positioning on-the-go pots as a preferred packaging choice.
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The flexible packaging segment is expected to experience growth, driven by the ease of handling and convenience it offers, thereby expanding the on-the-go pots market. Furthermore, the global rise in the purchase and consumption of ready-to-eat food products, particularly in developing economies, is a major contributor to the increased sales of on-the-go pots.
Manufacturers’ efforts to introduce sustainable packaging solutions to preserve product freshness also play a significant role in propelling the growth of the global on-the-go pots market, as sustainability and convenience become paramount considerations in the packaging industry.
Growth Drivers:
- Rising Demand for Convenience Foods: The increasing preference for convenience in food consumption is a key driver for the On-The-Go Pots market. Busy lifestyles and the need for quick, portable meal solutions are propelling the demand for ready-to-eat options like On-The-Go Pots.
- Expanding Urbanization: As urbanization continues to grow, there is a surge in the number of individuals leading fast-paced lives in urban areas. On-The-Go Pots cater to this demographic by providing a convenient and time-saving solution for meals, thus driving market growth.
- Health and Wellness Trends: Consumer awareness regarding healthy eating habits is influencing product development in the On-The-Go Pots market. Manufacturers are incorporating nutritious ingredients and emphasizing health benefits to attract health-conscious consumers seeking on-the-go meal options.
- E-commerce and Online Food Delivery Boom: The rapid growth of e-commerce and online food delivery services is significantly contributing to the On-The-Go Pots market. Consumers increasingly prefer the convenience of ordering pre-packaged, portable meals online, boosting the market’s growth.
- Innovative Packaging Solutions: Technological advancements in packaging, including eco-friendly and sustainable options, are playing a vital role in the growth of the On-The-Go Pots market. Creative and functional packaging solutions enhance product visibility, shelf life, and consumer convenience.
Industry Trends:
- Plant-Based and Protein-Rich Varieties: There is a notable trend towards plant-based and protein-rich On-The-Go Pots, reflecting the growing popularity of plant-centric diets and the increasing demand for protein-packed portable meal options.
- Global Flavor Fusion: On-The-Go Pots are witnessing a trend of global flavor fusion, with manufacturers introducing diverse and exotic flavor profiles inspired by international cuisines. This trend caters to the evolving taste preferences of consumers looking for unique and exciting culinary experiences.
- Clean Label and Transparency: Consumers are becoming more conscious of the ingredients in their food. As a result, On-The-Go Pots with clean labels, transparent ingredient lists, and minimal processing are gaining traction, aligning with the broader clean eating trend.
- Customization and Personalization: The On-The-Go Pots market is embracing customization to meet individual preferences. Brands are offering options for consumers to tailor their meals, allowing for personalization in terms of flavors, ingredients, and nutritional content.
- Digital Integration for Consumer Engagement: Companies in the On-The-Go Pots market are leveraging digital platforms for enhanced consumer engagement. This includes interactive packaging, QR codes for nutritional information, and social media campaigns to connect with consumers and build brand loyalty.
Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the On-The-Go Pots market that affected the growth in the industry for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the On-The-Go Pots market for the forecast period 2022-2032.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for On-The-Go Pots for the assessment period. As per the study, the demand for On-The-Go Pots will grow at a robust CAGR between 2022 and 2032.
- Market Trend Analysis: The latest study by FMI on the On-The-Go Pots industry offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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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