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Artificial Lift Market Size, latest Key Trends In Terms Of Volume And Value -2022

Future Constraints and Drivers Affecting the Market Growth

The increasing production of heavy oil, increasing demand for energy across the world, improving production efficiency and increase in the production of shale gas is driving the Artificial Lift Market. Recoverable shale gas reserves are anticipated to provide growth opportunities to the market. Artificial lifting system is employed in horizontal shale gas-producing wells to achieve operational efficiency and lift the collected fluid in the well. Several countries are evaluating and testing production potential from shale formation besides commercially viable production techniques. Moreover, declining onshore production and increasing demand for oil and gas are pushing the operators to increase deepwater activities.

Also, the growing number of wells requiring secondary extraction, enhanced recovery rates, and increasing demand for technological advancements and energy and petrochemicals are enabling companies to extract oil from challenging areas which are in turn driving the market growth. The high demand for natural gas and crude oil has depleted the onshore reserves. This has offshore deep-water opportunities for many companies, thus enhancing the market size.

Due to rapid industrialization, conventional sources for oil and gas are depleting. This has led companies to meet end-user demands by focusing on unconventional gas resources which is considered to act as a prime factor for the market growth.

Meanwhile, the high cost associated with artificial lift equipment and lack of skilled workers will hinder the market growth globally. Also, impacted investments and fluctuating oil prices might affect the market growth due to high capital and equipment costs. Also, strict government mandates and environment related problems are inhibiting the market growth globally.

Market Scenario

The Global Artificial Lift Market is presumed to achieve a resilient growth of 7-8 % CAGR during the forecast period (2016-2022) owing to the decline in oil reservoirs, asserts Market Research Future (MRFR). Artificial lifts are majorly used in the oil and gas industry in order to boost the production of oil in reservoirs. They are employed during the secondary extraction phase of an oil well. Secondary extraction is crucial in oil and gas industry as it has higher recovery rates than primary and tertiary extraction. Therefore, artificial lifts have a significant effect on the oil and gas industry.

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Global Artificial Lift Market Segmentation

The global market for artificial lift can be segmented on the basis of type, mechanism, application, and region.

The market has been segmented into electrical submersible pump (ESP), rod lift, progressive cavity pump (PCP), gas lift, and others based on type. The rod lift market contributed a larger revenue share and is expected to be a dominant market over the forecast period. While the ESP and plunger segment is expected to show a significant growth rate in the years to come.

The market has been segmented into pump assisted which is further subdivided into positive displacement and dynamic displacement and gas assisted. Among these, the pump assisted artificial lift mechanism is projected to show the largest market share in 2016. The dynamic displacement segment is the fastest growing segment within the pump assisted segment.

The market has also been segmented into onshore and offshore based on application. Owing to the presence of a high amount of onshore oil wells, the onshore segment held a larger market share in 2017.

Competitive Dashboard

The Major Players operating the Global Artificial Lift Market are

  • GE Oil & Gas
  • Weatherford
  • National Oilwell Varco
  • Dover Corporation
  • Borets, John Crane
  • Halliburton
  • Baker Hughes
  • Schlumberger
  • Cameron International.

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Industrial Developments

The Trump administration granted gas drilling and new offshore oil in almost all US coastal waters, thus giving energy companies the access to lease off California and opening more than a billion acres in the Arctic and along the Eastern Seaboard.

Baker Hughes, a GE company, proposed using a Terr- Adapt adaptive drillbit so that the drilling performance is improved and the NPT is reduced by proactively mitigating slip and stick and impact loading. This device comes with self-adjusting depth-of-cut control elements to reduce torsional instability.

In October 2014, Dover Corporation acquired Accelerated Companies LLC which is a supplier of artificial lift solutions and fluid handling to oil and gas production industry.

Artificial Lift Market Table of content

1, Executive Summary

  1. Scope of the Report
  • Market Definition
  • Scope of the Study
  • Research Process
  • Market size Estimation
  • Forecast Model
  1. Market Landscape
  • Porter’s Five Forces Analysis
  • Value Chain/Supply Chain Analysis
  1. Market Dynamics
  • Introduction
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Trends

To Be Continue….,

Automotive Coil Spring Market Explosive Growth, Forecast And Value Chain-2027

Automotive Coil Spring Global Market – Competitive Analysis

Automotive Coil Spring market will continue to develop globally, the vendor landscape of the Automotive Coil Springs market is characterized by the presence of large and small players focused mainly on innovation. Thanks to the availability of affordable tools and technologies, new entrants have been able to venture into the Automotive Coil Springs market, resulting in still competition at a global as well as regional level. When it comes to Automotive Coil Springs, branding also plays a major role.

Spring technology is used frequently in all vehicles. Anytime a car has a great suspension it usually is using automotive coil springs. If a car doesn’t have automotive coil springs it will not survive the wear and tear of the road. The main automotive coil spring that is well known and branded is called the compression spring. The compression spring allows for pressure on both ends of the spring to push in. Once pushed in the compression protects the automotive vehicle.

An automotive coil spring is a form of spring that is commonly used for suspension purposes in wheeled vehicles. Coil springs were called a carriage spring, and sometimes it was referred to as a helical spring. A coil spring is that device which is used for storing the mechanical energy. Coil springs absorbs shocks and release after some time .Coil spring maintains the force between two contacting surfaces and make sufficient gap between them. Coil springs can be used as torsion springs and they are formed by winding a wire on the periphery of cylinder. As per the study conducted by Market Research Future, the Global Automotive Coil Spring Market is likely to grow at the CAGR of around 6.5%.

The overall market for automotive coil spring is likely to grow steadily during the forecast period. Rising demand for medium and heavy commercial vehicles for bulk transportation is one of the key drivers for this market. Additionally, there is a rise in the usage of light-, medium -, and heavy-duty vehicles in developing countries due to the increasing preference for road transportation. There are some challenges such as, overweight on vehicle can cause spring damage and corrosion is also a serious problem due to which coil springs can break. Lack of proper spring coating is also a very big challenge. There is an opportunity in automotive coil spring market such that, as for automotive coil spring, its weight-saving has been achieved by increasing the design stress. We can use high steel spring material, so that it can reduce corrosion and increase its strength. There are some latest trends in automotive coil market are such that, coil springs absorb the perpendicular vibrations caused by the barriers on roads. Owing to their improved fatigue resistance and extraordinary strength to weight ratio, these springs are perfectly suited for various applications including coil-springs. Moreover, since these spring materials have interior damping, they aid in the absorption of vibration energy into the material, thereby reducing the noise of transmission, which makes them the best choice for the manufacturing of automotive coil springs.

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Market Scenario

Recent surge in the Automotive Coil Spring Market is one of the major driving forces in recent times. Increased popularity of helical springs in the automotive industry and increasing demand for quality products in the automotive market has provided immense scope for growth and development globally.

Automotive Coil Spring Global Market – Segmentation

The scope of Global Automotive Coil Spring Market is segmented into two major segments which are explained below:

By Type

  • Helical Coil Spring
  • Progressively Wound Spring

By Application

  • Two Wheeler
  • Four Wheeler
  • Heavy Vehicles

Regional Analysis of Automotive Coil Spring Market

The Europe and North America are one of the leading regions for the automotive coil spring market, mainly due to an already established infrastructure aiding the growth and development of the automotive coil spring market. Asia-Pacific is one of the emerging markets with significant investment going into the manufacturing and production industry.

Key Player
Some of the key players in the Automotive Coil Spring market are

  • Kilen Springs (U.K.)
  • GKN (U.K.)
  • Sogefi Group (Italy)
  • NHK Nasco (U.S.)
  • Mubea (Germany)
  • Betts Spring (U.S.)
  • MSSC (U.S.)
  • Hyperco (U.S.)
  • Neapco (U.S.)
  • Alco (U.S.)
  • Draco Spring (U.S.)
  • UNI AUTO PARTS (Taiwan)

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Industry News

In January, 2018 – Kilen’s market-leading range of coil springs is now available from Loverock Motor Parts Ltd, who have been serving customers in Dudley and the Black Country for over 80 years.

In December, 2017 – Kilen Springs are now supplying their latest range of coil springs to All Vehicle Parts’ new branch in Oakham, meaning even more customers will now benefit from the most up-to-date coil spring part numbers and vehicle applications.

In August, 2016 – Mubea innovation in the focus of the ERDF funding has developed specialised stainless steel for spring loaded- fasteners and for connecting spring elements.

Potassium Acetate Market to Make Great Impact In Near Future by 2025

Potassium acetate (chemical name KCH3COO) is the potassium salt of acetic acid. It is prepared by treating potassium containing bases such as potassium hydroxide or carbonate with acetic acid, followed by heating of the compound at 50oC to 100oC. The physical form of potassium acetate is crystalline white powder. It is primarily used as deicing compound instead of calcium chloride and magnesium chloride. Potassium acetate is easily soluble in water and ethanol.

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The usage of potassium acetate usage as food additive has been approved by the Food & Drug Administration of the U.S. However, incorrect use of potassium acetate in food products is poisonous and can lead to even death. Potassium acetate acts as an antioxidant and is used as a preservative in the food industry. It is employed in the treatment of diabetics and production of penicillin as antibiotic, oral cleanser, and enzymes in the pharmaceutical sector. Potassium acetate has up to five times the foliar availability that of potassium nitrate; hence, potassium acetate is widely used as agricultural nutrient to help farmers yield better results.

Potassium acetate is also available in the solution form. Potassium acetate solutions are highly concentrated and used in applications requiring solubilized minerals. These are excellent precursors to produce ultra-high purity materials, nanoscale powders, and specific catalysts.

The global market for potassium acetate can be segmented into grade and application. Based on grade, the global potassium acetate market can be segregated into food grade, pharmaceutical grade, and technical grade. Based on application, the market can be categorized into chemicals, pharmaceutical, food, and agriculture applications.

The key factors that are driving the potassium acetate market are the increasing usage of potassium acetate as substitute compound for potassium chloride, since it is having the same functional properties such as high solubility and ability to form high density brines that of potassium chloride. This is primarily due to the strict environmental restriction for implementation of potassium chloride. However, when the potassium acetate compound is used in incorrect composition, it can lead to side effects such as tingling and burning sensation in the feet, hands and can also lead to near death symptoms. These are major factors hampering the market growth.

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In terms of region, the global potassium acetate market can be segregated into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Countries accounting for major consumption of potassium acetate are the U.S., Japan, Germany, and China. This major consumption in these countries is ascribed to the fact that the increasing trend of packed food products in turn leading to demand for food additives such as potassium acetate and the increasing adoption of potassium acetate for a wide range of applications such as diabetic treatment in pharmaceutical industry and as the deicing agent in several industries

Key players operating in the potassium acetate market include Niacet, CLARIANT, BASF, Diato Chemical, Evonik, Lianyungang Tongyuan Chemical, Shanxi Zhaoyi Chemical, and Jiangsu Kolod Food.

Resilient Flooring Market will reach at a CAGR of 5.6% from 2017 to 2026

A recently published report of Fact.MR projects a steady 5.5% CAGR, in terms of volume, for the global resilient flooring market between the period 2017 and 2026. More than US$ 10,000 Mn worth of resilient flooring is forecast to be sold globally by 2026-end.

Rapid urbanization and industrialization has resulted into immediate and high requirement for resilient flooring across industrial areas, IT parks, and housing projects. Substantially increasing number of home improvement & renovation activities on account of changing consumer trends as well as lifestyles has meant that resilient flooring is witnessing high demand in the residential sector. In addition, fiberglass flooring has been gaining high momentum recently, which can be attributed to its properties namely, excellent durability and lightweight. Superior insulation properties of fiberglass because of presence of reinforced materials has further complemented its demand. A large number of technological advancements as well as product developments have been made by manufacturers of resilient flooring products, in order to enhance the performance of their products. Environment—friendly flooring that include rubber, cork, hardwood, bamboo, glass, and linoleum are witnessing significant demand in residential and non-residential spaces, thereby influencing growth of the global market for resilient flooring in the near future.

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5 Key Future Prospects of Resilient Flooring Market for Forecast Period 2017-2026 (In Terms of Volume)

  • Europe will continue to be the largest market for resilient flooring, followed by Asia-Pacific excluding Japan (APEJ) and North America. Over 40% share of the market is projected to be accounted by sales of resilient flooring in Europe by 2026-end. APEJ and North America are collectively poised to account for approximately half share of the market during the forecast period.
  • The market for resilient flooring is anticipated to exhibit the fastest expansion in APEJ and North America through 2026. The market in Europe and Latin America is projected to ride on an above-average CAGR through 2026.
  • Based on material type, vinyl is pegged to account for lion’s share of the market, with sales forecast to exceed 1,200 Mn sq. meters by 2026-end. Linoleum is also slated to account for a major market share, with sales exhibiting a CAGR slightly higher than that of vinyl through 2026. Although cork is expected to account for the smallest market share, its sales are expected to exhibit the fastest expansion through 2026.
  • On the basis of construction activity, renovation will account for over three fourth market share throughout the forecast period. Sales of resilient flooring for use in renovation activities are expected to exceed 1,500 Mn sq. meters by 2026-end. Sales for use in new construction activities will reflect a relatively faster expansion through 2026.
  • Resilient flooring is expected to seek the highest demand from non-residential end-users during the forecast period, with sales accounting for over two-third market share by 2026-end.

Nature of the global resilient flooring market is highly competitive, with players focusing on gaining a competitive edge and extending their market foothold. Prominent players identified by Fact.MR’s report that include Tarkett, Mohawk Group, Mannington Mills, Inc., Congoleum, Beaulieu International Group N.V., Berkshire Hathaway Inc., Forbo Holding AG, Burke Industries, Inc., Armstrong Flooring, and Karndean International Limited. Manufacturers of resilient flooring are inclining their focus toward developing innovative products and making improvements in advertisements, such as online catalogue. Product portfolio enhancement, production capacity expansion, mergers & acquisitions, and joint venture are likely to remain lucrative strategies employed by the market players.

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Gas Detection Equipment Market Foreseen to Record a Sluggish 5.0% CAGR through 2017 to 2026

According to a recently collated Fact.MR report, sales of gas detection equipment will increase at a CAGR of 4.6%, in terms of volume, between the period 2017 and 2026. Innovation in technology, which leads to product premiumization, is expected to pave opportunities for the market. Vendors across the globe are introducing innovative technologies, such as portable gas detection equipment, which facilitate utilization and calibration. Revenues from worldwide sales of gas detection equipment are likely to exceed US$ 1,900 Mn by 2026-end.

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=460 Advancements in technology, such as the internet of things (IoT) and artificial intelligence (AI), have influenced the development of smart gas detection equipment. There is high demand for smart gas detection equipment on the back of their additional features beneficial for customers, along with the requirement for relatively lower maintenance. Smart gas detectors offer the convenience of being operated through applications in tablets or smartphones, which includes an alert notification feature that enables taking necessary action on time. In addition, companies manufacturing gas detection equipment are introducing innovative concepts, with the focus on enhancing the sensitivity and efficiency of sensors in the detection of harmful gases. High sensitivity CO and smoke detectors give appropriate early warning, thereby enabling prompt investigation, control, and action prior to thoughtful damage. Leading players in the global gas detection equipment market are also concentrating on integration of sensors that are capable of detecting multiple gases.

5 Key Takeaways from Fact.MR’s Report on Gas Detection Equipment Market for Forecast Period 2017-2026 (In Terms of Volume)

  • North America is likely to prevail as the most remunerative market for gas detection equipment, closely trailed by Europe. Gas detection equipment sales in these regions are collectively poised to account for roughly half share of the market by 2026-end.
  • Asia-Pacific excluding Japan (APEJ) is also expected to hold a major market share during the forecast period, with sales exhibiting the highest CAGR through 2026.
  • Forecast to account for more than half share of the market during 2017 to 2026, fixed gas detection equipment will spearhead the market, on the basis of type. However, portable gas detection equipment are likely to witness the fastest expansion in the market.
  • Oil & gas industry is anticipated to remain dominant end-user of gas detection equipment across the globe, with sales forecast to exceed 340 Mn units by 2026-end. The manufacturing industry, trailing oil & gas industry in terms of sales, will continue to exhibit a relatively faster expansion in the market.
  • Exhibiting steady CAGRs through 2026, mining industry and government & military sector are also expected to remain major end-users of gas detection equipment.

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A large number of insurance companies across the globe are providing discounts to industries purchasing protective systems. While seeking insurance savings, several house owners as well as various industries opt for gas detectors. Gas detection equipment manufacturers have therefore found the opportunity to collaborate with insurance companies for attracting a larger target audience pool. Key companies sustaining expansion of the global gas detection equipment market include Honeywell International Inc., Emerson Electric Co., RKI Instruments, Inc., 3M Company, Halma plc, MSA Safety Incorporated, Dragerwerk AG & Co. KGaA, Fortive Corporation, United Technologies Corporation, General Electric Company, Thermo Fisher Scientific Inc., Trolex Ltd., Gastech Australia Pty Ltd, ESP SAFETY INC., Enmet LLC., Gas Measurement Instruments Limited., Analytical Technology Inc., Global Detection Systems Corp., Sensidyne, LP, and Conspec Controls Inc.

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Foodservice Outlets will Witness Fastest Expansion in Foodservice Packaging Market through 2017 to 2026

In terms of volume, a CAGR of 6.9% has been slated for the global food service packaging market throughout the forecast period (2017-2026), according to a new Fact.MR report. Worldwide sales of foodservice packaging are poised to account for over US$ 170,000 Mn revenues by 2026-end.  

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=465 With surging health-consciousness among consumers across the globe, numerous commercial as well as non-commercial foodservice outlets, with healthy and nutritious meal offerings, have emerged since the recent past, enabling consumers in curbing their calorie intake. This is further creating the need for efficient & effective packaging solutions in the foodservice settings. Additionally, changing consumer demand patterns regarding food packaging, growing preference for ready-to-eat foods, and increasing emphasis on utilization of convenient packaging have fuelled demand for foodservice packaging.

Players in the foodservice packaging market have been introducing innovative packaging solutions for takeaway & home delivery food. These players have been implementing many innovations in foodservice packaging that include compostable and biodegradable packaging. In the recent past, corrugated packaging has gained huge traction in the foodservice sector on the back of their thermal properties, prevention of food products from releases & spills, and the ability of retaining freshness of food for extended duration. Many players in the market have also commenced introducing sustainable foodservice packaging solutions, meanwhile constantly investing in R&D activities associated with recyclable & reusable packaging materials.

9 Key Future Projections of Foodservice Packaging Market for the Forecast Period 2017-2026 (In Terms of Volume)

  • North America will continue to hold the largest market share, with sales pegged to exceed 15,500 ‘000 tons by 2026-end. Sales of foodservice packaging products in North America are set to exhibit the highest CAGR through 2026.
  • Foodservice packaging sales in Europe and Asia-Pacific excluding Japan (APEJ) are expected to account for nearly similar shares of the market by 2026-end. However, sales in APEJ will record a relatively faster growth than those in Europe through 2026.
  • On the basis of product type, plates will remain dominant in the market, succeeded by cups. Sales of these two foodservice packaging products are collectively estimated to exceed 21,000 ‘000 tons by 2026-end.
  • The market shares of bowls and shallow trays among products are poised to remain approximately equal by 2026-end. In addition, clamshell containers are likely to prevail as fast-selling products in the market.
  • Among packaging materials, polyethylene terephthalate (PET, PETE, PETG or polyester) is expected to retain its largest share of the market during the forecast period. However, sales of aluminum and molded fiber are set to record a relatively faster growth in the market through 2026.
  • Polypropylene and clay-coated cardboard are expected to register a parallel sales growth through 2026. Demand for these two packaging materials will witness a slight decline between 2017 and 2026.
  • Foodservice outlets will continue to be the most lucrative application of foodservice packaging. Foodservice packaging will also record significant sales for application in alcoholic beverages and takeaway meals during the forecast period.
  • Alcoholic beverages and ready-to-drink beverages will remain fast-expanding applications of foodservice packaging.
  • Thermoforming is anticipated to remain preferred among fabrication type for foodservice packaging, followed by die cutting.

Fact.MR’s report has listed key players that are fuelling expansion of the global food service packaging market, which include DS Smith, WestRock Company, Smurfit Kappa Group, Stanpac Inc., Sealed Air Corporation, D&W Fine Pack, Pactiv LLC, Linpac Packaging, Genpak, LLC, and Huhtamaki Oyj.

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Carbon Fiber Market CAGR Projected to Grow at 8.5% through 2017 to 2026

A splendid expansion at 8.1% CAGR has been projected for the global carbon fiber market, in terms of volume, between the forecast period 2017 and 2026. Revenues from worldwide sales of carbon fiber are poised to exceed US$ 5,500 Mn by 2026-end.

Demand for carbon fiber has surged significantly owing to its properties including low moisture absorption, high temperature resistance, exceptional mechanical characteristics, and relatively lower price. Several architectural construction projects are creating high demand for carbon fiber-reinforced concrete, for example – repairing aging bridges and buildings. Use of carbon fibers significantly curtails time required for various construction activities, which in turn helps in reducing overall expenses.

Apart from its application in the construction industry, the carbon fibers find large applications in the aerospace and automotive industries, particularly for reducing the weight of components utilized in aircrafts and vehicles. Growing emphasis of automobile manufacturers on adoption of materials that minimize the overall weight and enhance performance of vehicles has meant that carbon fibers are witnessing a robust adoption in the automotive industry. Additionally, carbon fibers are increasingly utilized in the aerospace industry, mainly because of their great strength to weight ratio. They also find huge application for manufacturing aircraft components that include vertical stabilizers, floor beams, engine nacelles wings, and elevators.

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5 Key Future Prospects of Carbon Fibers Market for Forecast Period 2017-2026 (In Terms of Volume)

  • Among regional segments included in the report, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative for the carbon fibers market, with sales set to close in approximately 50,000 ton by 2026-end.
  • APEJ and North America are likely to remain fast-expanding market for carbon fibers, exhibiting a similar CAGR through 2026. However, quantity of carbon fibers sold in North America will remain comparatively lower in North America than in APEJ. Europe will prevail as the second largest market for carbon fibers.
  • On the basis of precursor material type, PAN-based CF will account for over 95% share of the market during 2017 to 2026. Although amount of pitch-based CF and rayon-based CF sold will remain considerably lower than PAN-based CF, they are expected to gain traction gradually in the near future. Sales of rayon-based CF and pitch-based CF are set to reflect a relatively higher CAGR in the market than those of PAN-based CF through 2026. On the basis of tow size, small tow will remain preferred for carbon fibers across the globe, with sales pegged to exceed 75,000 tons by 2026-end.
  • Aerospace & defense is expected to retain its position as the dominant end-user of carbon fibers, trailed by energy & mining and automotive. In addition, carbon fiber sales in the energy & mining and automotive industry are poised to register a parallel rise through 2026.

Occupancy of numerous players has made global market for carbon fibers to be highly fragmented. Intensity of competition in the market is soaring at a high rate. Extended geographical reach of predominant market players along with high capital investment needed for entering the market has created constraints for new market players. Vendors are competing in terms of price, quality, customer-centrism, performance, and innovation for sustaining their presence in the market. The players that are significantly driving the market growth include Toray, Toho Tenax, Mitsubishi Rayon, Formosa Plastics, SGL, Hexcel, Cytec, Dow/AkSA, Kemrock, and Hyosung.

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On-the-go Food Packaging Market Expected to Increase at a CAGR 6.3% through 2017 to 2026

Proactive consumer lifestyles and increasing pace of food preparation methods has driven the demand for packaging on-the-go foods. As the demand for on-the-go foods continues to soar across multiple regions, consumers are demanding innovative packaging solutions. Leading players in the global packaging landscape are actively partaking in the global on-the-go food packaging market to reap high profit margins and brimming demand. Fact.MR’s latest forecast study on the global on-the-go food packaging market estimates that the global demand for on-the-go food packaging will soar robustly during the assessment period, 2017-2026. By the end of 2026, the global on-the-go food packaging market is expected to register a valuation over one billion dollars. The report further observes that during the forecast period, the global market for on-the-go food packaging will register a volume CAGR of 5.8%.

6 Key Pointers Highlighting Fact.MR’s Forecast on Global On-the-go Food Packaging Market

  • With respect to packaging materials, polyethylene terephthalate is expected to register highest consumption in the global on-the-go food packaging market. 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.
  • In 2017, over 500 thousand tons of on-the-go food packaging trays were sold in the global market. The report estimates a robust demand for trays as the key type of on-the-go food packaging. The report further reveals that rigid boxes will represent the leading packaging-type segment, and will register a volume CAGR of 6.3% over the forecast period.
  • By the end of forecast period, over 3,800 thousand tons of on-the-go food packaging products will be used for convenience food applications worldwide.
  • In 2018 and beyond, majority of on-the-go food packaging products will be developed with thermoforming fabrication.

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  • The report further reveals that the US and Canada are collectively the largest marketplace for on-the-go food packaging. High consumption of on-the-go foods in these countries will continue to drive the growth of North America in the global on-the-go food packaging market. By the end of 2026, North America’s on-the-go food packaging market is estimated to register sales of over 1,900 thousand tons.
  • The report also reveals that the Asia-Pacific excluding Japan (APEJ) region will be the key region for manufacturing on-the-go food packaging products. Over the forecast period, the APEJ on-the-go food packaging market is estimated to register a volume CAGR of 6.1%.

The report has identified the key stakeholders of the global on-the-go food packaging market, which include Amcor Limited, Mondi Group, Sonoco Products Company, Bemis Company Inc., Smurfit Kappa Group PLC, Huhtamäki Oyj, Sealed Air Corporation, Georgia-Pacific LLC, Berry Plastic Group, Inc., and Constantia Flexibles Group GmbH. These companies have been extensively profiled in the report. Their latest strategic developments and their current market positions have been disclosed. Majority of players in the global on-the-go food packaging market are expected to adopt innovative solutions in the near future. Smart packaging technologies are expected to influence the global on-the-go food packaging landscape to a considerable extent during the forecast period.

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