July 13, 2022
According to the research report titled ‘Global On-the-Go Breakfast Packaging Market Size study, by Material Type (Plastics, Paper, Glass and Others) by Packaging Type (Rigid Packaging and Flexible Packaging) by Breakfast Product (Cereal Meals, Breakfast Bars, Sandwiches and Burgers, Cakes and Muffins, Sausages and Salamis, Egg Meals, Milkshakes and Juices and Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global on-the-go breakfast packaging market is anticipated to garner decent returns by the year 2028.
As per business analysts, global on-the-go breakfast packaging market growth is creditable to expanding food & beverage sector, and increasing consumer demand for packaged foods.
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For the uninitiated, on-the-go breakfast packing is a term used to describe a packaging option that makes it convenient and simple to travel with a ready-to-eat meal. Pouches and sachets, films and wraps, cans, trays, bottles, rigid cartons, and jars are a few on-the-go packaging options.
Furthermore, rising urbanization in emerging nations, and flourishing travel & tourism business are expected to augment industry outlook in the coming years.
However, strict government rules regarding the usage of plastic may impede market expansion during the stipulated timeframe.
Based on material type, the industry is divided into glass, paper, plastics, and others. In terms of packaging type, the market is branched into flexible packaging and rigid packaging. On the basis of breakfast products, worldwide on-the-go breakfast packaging marketplace is segregated into milkshakes & juices, egg meals, sausages & salamis, cakes & muffin, sandwiches & burgers, breakfast bars, cereal meals, and others.
Regionally, North America industry holds a major revenue share at present, owing to rising demand for packaged food products, and a developing trend of food retailing in the region.
Whereas Asia Pacific market is poised to grow at a healthy CAGR over the stipulated timeframe, on the back of expanding online food delivery services and rapid urbanization in the region.
Competitively, Winpak Ltd., Graham Packaging Co., Bemis Manufacturing Company, Ardagh Group SA, Berry Global Inc., Mondi plc, Tetra Laval International SA, DuPont de Nemours Inc., 3M Company, and Amcor plc are the leading players in global on-the-go breakfast packaging market.