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On-the-Go Food Packaging Market to Stay Innately Lucrative with Major Shift Towards Consumer Convenience

The report further observes that during the forecast period, the global market for on-the-go food packaging will register a volume CAGR of 5.8%.

 

Rockville, MD -- (SBWIRE) -- 06/05/2019 -- Proactive consumer lifestyle & rising pace of food preparation techniques is boosting the demand for on-the-go food. An increase in readymade food items, which requires minimum cooking and is hassle-free is thereby surging the demand for manufacturing on-the-go food packaging that diminishes the possibility of food spillage or food getting spoilt.

Since the need for on-the-go foods continue to increase across several regions, consumers are demanding innovative packaging solutions. Moreover, boosted by massive urbanization, new designs & innovative solutions for on-the-go food packaging are being adopted across the globe. Of all the options of on-the-go food packaging, brands are effectively using rigid containers to carry & provide on-the-go foods to consumers owing to its durability & retention of the food quality.

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Food quality & freshness is of utmost importance, which in turn, is urging manufacturers of on-the-go food packaging to use the material polyethylene terephthalate (PET) due to its good chemical resistance, maximum moisture barrier, less usage of heavy metals, low toxicity, and food contact safety. Additionally, PET's natural ability to resist scratching & overall strength permit manufacturers to easily produce light-weight packaging designs that can be easily carried by the consumers.

 According to reports, in 2017, over one thousand tons of on-the-go food packaging products made up of polyethylene terephthalate were sold across the globe.

On-the-go food packaging is emphasizing on using sustainable materials in the manufacturing of on-the-go food packaging to reduce their carbon footprint in the environment and also to boost recycling of materials. Hence, several manufacturers are opting for materials that are edible or containers that could be sent to the collection point, sanitized, and reused again. Additionally, surge in disposable income is also predicted to retain the growth curve lucrative in subsequent times.

On-the-go Food Packaging Market: Overview

The on-the-go food packaging market has been studied in a detailed manner to provide definitive forecast information on the market for the period 2017-26. This study is a detailed accumulation of a comprehensive overview of on-the-go food packaging market and examines the industry in terms of micro and macro-economic determinants, market dynamics that build market growth, and enlightening on other essential factors that guide future opportunities of the market trajectory.

The market research report's primary aim is to provide clients with sufficient competitive benefit & hints on market entry restrictions, depending on which potential entrants and key players can drive profitable investment discretion. To help the clients in comprehending the study, research study is methodically categorized into comprehensive parts.

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On-the-go Food Packaging Market: Competition Landscape

This portion of the research study provides a comprehensive section on leading players in on-the-go food packaging market. Dashboard view of every single of the mentioned profiles complete with comprehensive information of their respective SWOT analysis along with thorough study of their product portfolio, contribution to the market and recent advancements have been mentioned to help the clients in comprehending about the competition field.

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