Data Bridge Market Research analyses that the on-the-go breakfast packaging market will project a CAGR of 4.04% for the forecast period of 2021-2028. Rising demand and consumption of breakfast food and beverage items, increased consumption of ready to drink beverages and ever-rising population coupled with increasing personal disposable income are the factors driving the growth of on-the-go breakfast packaging market.
Breakfast is the first meal of the day and thus, is very important to get you going the whole day. However, in this fast pacing world, having breakfast at leisure has become difficult and this is where on-the-go breakfast packaging comes into play. On-the-go breakfast packaging is a packaging solution that offers a great level of convenience and portability.
Rising demand for packaged food items owing to increasing travel and tourism is driving the growth in its market value. Growing demand for sustainable and convenient packaging solution will further expand the demand for on-the-go breakfast packaging solutions globally. Rising female population in the workforce coupled with changing lifestyle will further induce growth in the demand for on-the-go breakfast packaging.
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On-the-Go Breakfast Packaging Market Scope and Market Size
The on-the-go breakfast packaging market is segmented on the basis of material type, packaging type and breakfast product. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of material type, the on-the-go breakfast packaging market is segmented into plastics, paper, glass and others. Plastic segment is further sub-segmented into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET) and others.
On the basis of packaging type, the on-the-go breakfast packaging market is segmented into rigid packaging and flexible packaging. Rigid packaging market is sub-segmented into boxes, bottles and jars, cans, trays, folding cartons and others. Flexible packaging segment is further sub-segmented into bags and sacks, pouches and sachets and others.
Based on breakfast product, the on-the-go breakfast packaging market is segmented into cereal meals, breakfast bars, sandwiches and burgers, cakes and muffins, sausages and salamis, egg meals, milkshakes and juices and others.
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Global On-the-Go Breakfast Packaging Market Country Level Analysis
Global on-the-go breakfast packaging market is analysed and market size insights and trends are provided by country, material type, packaging type and breakfast product as referenced above.
Europe dominates the on-the-go breakfast packaging market and will continue to flourish its dominance during the forecast period. This is because of the increased participation of women in the workforce. Asia-Pacific is however projected to score the highest compound annual growth rate (CAGR) for the forecast period.
Urbanization, globalization, changing tastes and preferences and rising demand for the consumption of on-the-go breakfast products owing to the ever-rising population and growing personal disposable income will create lucrative growth opportunities in this region for the on-the-go breakfast packaging market.
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