In this work, we introduce panoramic panoptic segmentation, as the most holistic scene understanding, both in terms of Field of View (FoV) and image-level understanding for standard camera-based input. A complete surrounding understanding provides a maximum of information to a mobile agent, which is essential for any intelligent vehicle in order to make informed decisions in a safety-critical dynamic environment such as real-world traffic. In order to overcome the lack of annotated panoramic images, we propose a framework which allows model training on standard pinhole images and transfers the learned features to a different domain in a cost-minimizing way. Using our proposed method with dense contrastive learning, we manage to achieve significant improvements over a non-adapted approach. Depending on the efficient panoptic segmentation architecture, we can improve 3.5-6.5% measured in Panoptic Quality (PQ) over non-adapted models on our established Wild Panoramic Panoptic Segmentation (WildPPS) dataset. Furthermore, our efficient framework does not need access to the images of the target domain, making it a feasible domain generalization approach suitable for a limited hardware setting. As additional contributions, we publish WildPPS: The first panoramic panoptic image dataset to foster progress in surrounding perception and explore a novel training procedure combining supervised and contrastive training.