On-The-Go Pots Market Size & Share | Industry Trends Analysis Report for 2032
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 Mn 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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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for On-The-Go Pots
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for On-The-Go Pots market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key On-The-Go Pots Market Takeaways and Projections
- The U.S. is expected to lead the North America On-The-Go Pots market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- On-The-Go Pots Historical Market Analysis: The detailed survey by FMI, examines key factors in the On-The-Go Pots market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the On-The-Go Pots market for the forecast period 2022-2032.
- On-The-Go Pots Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for On-The-Go Pots for the assessment period. As per the study, the demand for On-The-Go Pots will grow at a robust CAGR between 2022 and 2032.
- On-The-Go Pots Market Trend Analysis: The latest study by FMI on the On-The-Go Pots market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Regional Analysis
How is the Performance of North America On-The-Go Pots Market?
North America is closely following the leading region, accumulating a revenue share of 17% in 2022. Both regions are expected to witness significant growth in the on-the-go pots market share owing to high demands for ready-to-eat packaged food & beverages.
These regions additionally provide better storage, along with warehouse facilities. They further develop materials that accommodate in extending the shelf life of perishable foods and beverages.