Study: On-the-go food packaging market to witness CAGR growth of 6.3% by 2026
By the end of 2026, the global on-the-go food packaging market is expected to register a valuation over $1 billion.
As the demand for on-the-go foods continues to soar across multiple regions, consumers demand innovative packaging solutions. That’s why estimates from Fact.MR, Rockville, Md., show the global demand for on-the-go food packaging will soar during the assessment period of 2017-2026. In fact, by the end of 2026, the global on-the-go food packaging market is expected to register a valuation over $1 billion. The report further observes that during the forecast period, the global market will register a volume CAGR of 5.8%.
With respect to packaging materials, polyethylene terephthalate is expected to register the highest consumption. In 2017, more than 1,650 thousand tons of on-the-go food packaging products made of polyethylene terephthalate were sold globally. High density polyethylene and aluminum are also observed as key packaging materials, and are expected to register high volume CAGRs over the forecast period.