The market for on-the-go pots is estimated to reach US$ 117.3 million in 2022 and is expected to expand at a CAGR of 4.1% over that time. In 2032, the industry is predicted to generate US$ 175.3 million in sales.
On-the-go pot adoption is boosted by the superior printing quality and environmentally friendly materials used to make several food packaging items. Consumer need for eco-friendly, practical, and inventive packaging for breakfast cereals is driving up demand for on-the-go pots.
Due to improved handling, the flexible packaging industry is predicted to rise, boosting on-the-go pots market trends. Sales of on-the-go pots are driven by a rise in the buying and consumption of ready-to-eat food items, particularly in developing nations.
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Key Takeaways for the On-the-Go Pots Market:
- Strong Growth Trajectory: The global on-the-go pots market is expected to experience robust growth, with a projected CAGR of 4.1% during the forecast period from 2022 to 2032.
- Impressive Market Valuation: Anticipated to be valued at US$ 117.3 million in 2022, the market is set to expand significantly and reach a revenue of US$ 175.3 million by 2032.
- Increasing Demand for Convenience: The rising demand for convenient and portable food solutions is driving the growth of on-the-go pots, making them a popular choice among consumers.
- Diverse Product Offerings: Market players are likely to introduce a wide range of on-the-go pots, catering to various consumer preferences and dietary needs, thereby expanding market opportunities.
- Innovation and Sustainability: Sustainability and eco-friendly packaging solutions are expected to play a significant role in shaping the future of the on-the-go pots market, aligning with consumer preferences for environmentally conscious products.
- Regional Market Dynamics: Different regions may exhibit varying growth patterns and preferences, with emerging economies showing substantial potential for market expansion.
What are the Restraints of the On-The-Go Pots Market?
On-the-go pot sales are hampered by the introduction of profitable packaging options like pouches and wraps. The lack of on-the-go items and limited transportation options throughout developing countries may hinder the demand for on-the-go pots.
On-the-go pot adoption is further constrained by the high cost of on-the-go food goods compared to regular food product packaging. The market for on-the-go pots isn’t growing since consumers’ purchasing habits are uncertain as a result of tight restrictions.
On-the-go marijuana sales are hampered by growing environmental concerns and strict laws enforced on the disposal of plastics. Market expansion for on-the-go pots is constrained by the existing state of the economy’s shifting prices for raw materials for beverage packaging.
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Key Players:
- 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
- Hood Packaging
Some of the recent developments in the on-the-go pots market are
- In January 2018, to include an oatmeal-based product that was marketed as an on-the-go breakfasting option – The GFB: Gluten Free Bar, a U.S.-based gluten-free snack producer extended its line and packaging options.
- In September 2015, a metal-free packaging product called ‘AmLite’ was launched by Amcor Limited.
- In April 2016, Bemis Company completed the acquisition of SteriPack Packaging Operation, which is a provider of medical device packaging operations and related value-added services.
- In December 2016, Amcor Limited announced an advanced packaging system called “Vento Coffee”.
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