Emerging markets such as India, China, and Africa etc. provide a huge growth potential for confectionery products. Africa is expected to showcase second fastest growth rate in terms of consumption for confectionery packaging after Asia-Pacific.
This region is also witnessing an inflow of foreign investment in manufacturing of confectionery products. South Africa is expected to exhibit progress in terms of income levels, further supporting the strong economic prospects of the African region.
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As per the assessment of Future Market Insights, the global confectionery packaging market was estimated to be valued at nearly US$ 9,200 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 13,200 Mn in 2027 and in the process exhibit a CAGR of 3.7% during the period of forecast 2017-2027.
Anthropomorphic Packaging to Leverage Consumer Appeal Towards Characters in Popular Culture Trending the North America Regional Market
Incorporating anthropomorphic designs of attractive and popular characters into packaging has enabled sweets and candy brands to attract children and fans of such popular characters. Building candy packs in the shape of fictional characters help marketers to leverage the trending popularity of these fictional characters in attracting fans into buying these candies. The trend of anthropomorphic packaging is prevalent in markets with a considerable adoption of popular culture like comics, action and adventure movies and other famous fictional characters. Local as well as international manufacturers of confectionery products regularly develop products in the shape of trending characters and source packaging that suits the shape of such products.
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Global Confectionery Packaging Market: Competitive Landscape
In this report, some of the key players functioning in the global confectionery packaging market have been profiled, which include players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., Berry Global, Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings B.V., Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.
By Confectionery Type
- Chocolate Confectionery
- Boxed assortments
- Chocolate with toys
- Sugar Confectionery
- Gums, Jellies & Pastilles
- Medicated confectionery
- Boiled sweets
- Toffees, caramels
- Other sugar confectionery
- Chewing gum
- Bubble gum
By Material Type
- Paper & Paperboard
- Aluminum Foil
By Packaging Form
- Flexible Packaging
- Stick-packs & Sachets
- Rigid Packaging
- Folding Cartons
- Corrugated Boxes
- Containers(metal, plastic and glass)
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help