On The Go Breakfast Packaging Is Estimated To Witness High Growth |...

On The Go Breakfast Packaging Is Estimated To Witness High Growth

Postado 2023-12-12 09:39:13

SWOT Analysis

Strength: On the Go Breakfast Packaging Market provides convenience to consumers. The packaging solutions keep breakfast items fresh for longer duration and allow easy consumption on the go. Innovative packaging materials and designs increase shelf-appeal of products.

Weakness: Raw material costs especially plastics have increased tremendously raising packaging costs. Regulations on single-use plastics limit some types of packaging.

Opportunity: Growth in urbanization and busy lifestyles drive demand for convenient on-the-go breakfast options. Emerging economies offer vast untapped potential. Advancements in active and intelligent packaging technologies present new opportunities.

Threats: Concerns over environmental impact of plastic packaging prompts customers to switch to alternatives. Stringent regulations on plastics where implemented can adversely impact market players. Competition from breakfast foods and beverages not requiring additional packaging.

Key Takeaways

The Global On The Go Breakfast Packaging Market Size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand for convenient packaged food options among time-pressed consumers.

Regional analysis: North America dominates currently holding around 35% share backed by food culture emphasizing packaged breakfast foods. Asia Pacific expected to grow fastest at 7.2% CAGR owing to rising disposable incomes, Western influence, and expanding quick service restaurants industry especially in India and China.

Key players: Key players operating in the On The Go Breakfast Packaging Market are Amcor plc, 3M, DuPont, Tetra Laval International S.A., Mondi, Berry Global Inc., Ardagh Group S.A., Bemis Manufacturing Company, Graham Packaging Company, Crown, BALL CORPORATION, Constantia Flexibles, CKS Packaging, Inc., Sonoco Products Company, ProAmpac, Alcoa Corporation, Huhtamäki Oyj, Sealed Air, WINPAK LTD, DS Smith. Innovation and acquisition strategies adopted by major players to increase market share.

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