The global on-the-go pots market is anticipated to be valued at US$ 117.3 in 2022, forecast to grow at a CAGR of 4.1% during the forecast period. The market is expected to project a revenue of US$ 175.3 Mn in 2032. Excellent printing quality and sustainable material used to manufacture certain food packaging commodities surge the adoption of on-the-go pots. Increasing demand for recyclable, convenient, and innovative packaging for breakfast cereals by consumers increases demand for on-the-go pots.
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What are the Key Developments of On-The-Go Pots Market?
Some of the key market players in the on-the-go pots market are
- Joseph Joseph Ltd.,
- MIRON Violettglas BV.,
- Packaging Mode Ltd.,
- Victoria Packaging Ltd.,
- H&K MÜLLER GMBH & CO. KG.,
- Jamestrong Packaging.,
- Berry Plastics,
- 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, Novolex, Pregis, Proampac, Scholle IPN, Printpack, 0020Oracle Packaging, WestRock, Winpak, Tetra Laval International S.A., Coveris Holdings S.A., Georgia-Pacific LLC, Linpac Packaging Ltd, Constantia Flexibles Group GmbH, Reynolds Group Holdings Ltd., Clondalkin Group Holdings B.V., Around, Fonkels, Onalytics, LaFabrica Craft, Paboco, etc.
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On-the-go pots Market: Drivers & Restraints
The global On-the-go pots market has prominently driven as a result of rising customer’s inclination towards easy to carry packaged food & beverages over the forecast period. Also, growing application of On-the-go pots in cosmetics & personal care industry with each market player try to distinguish its end use product with eye-catching packaging solutions will naturally augment the On-the-go pots packaging market.
Growing health awareness about use of non-carcinogenic materials for food packaging as well as demand for light-in-weight packaging solutions acts as a constructive factor leading to the evolution of global On-the-go pots packaging market.
However, with the introduction of lucrative packaging solutions such as pouches and wraps as an alternative packaging solution, it is likely to hinder the market share of On-the-go pots packaging market over the forecast period.
On-the-go pots Market: Regional Overview
Geographically, the global On-the-go pots market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
North America and the Europe region are expected to continue its dominance owing to higher demands of ready to consume packaged food & beverages during the forecast period. Also, these economies provide a better storage as well as warehousing facility for On-the-go pots which eventually extends the shelf life of perishable food and beverages products packed in it.
Yet, the availability of alternative packaging solutions such as pouches, bags, wraps, etc., is anticipated to hamper the growth aspects of On-the-go pots market in this region over the forecast period. The APAC region is expected to observe a healthy rate of growth owing to the rapid rise in the applications of On-the-go pots across the region.
Growing inclination of people towards ready to eat food, rapid urbanization, increase in disposable income coupled with the abundant availability of resources at cheap prices are some of the key factors for the growth of On-the-go pots market in this region. Also, Middle-East and African region are likely to register a positive rate of growth during the upcoming period.
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What are the Key Features that Drive the On-The-Go Pots Market?
Portability and easy handling are important trends driving the sales of on-the-go pots. Adoption of on-the-go pots in the pharmaceutical, healthcare, food & beverage, and personal hygiene sectors increases owing to convenience and re-usability. Evolving and developing customer lifestyles in the thriving economy propels the demand for on-the-go pots.
The presence of several key players in the global market expands the on-the-go pots market size.
Oscillating consumer patterns in purchasing and buying habits in evolving lifestyles escalates the sales of on-the-go pots. The re-closable facility required for medicines such as tablets, syrups, and ointments broadens the global on-the-go pots market share.
The high demand for on-the-go pots by the growing trend of the retail packaging industry contributes to global market growth. Changing lifestyles and a growing population of women in the workforce aid in the expansion of the on-the-go pots market size. The growing landscape of the travel & tourism sector gives rise to the demand for on-the-go pots.