Future Market Insights has published a new report titled ‘Confectionery Packaging Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027′ studying the performance of the global Confectionery Packaging Market . The report presents value and volume forecasts of the global Confectionery Packaging market for a 10-year evaluation period from 2017 to 2027 and provides important insights into factors driving market growth and factors limiting market growth.
According to an assessment by Future Market Insights, the global Confectionery Packaging market was valued at nearly US$9,200Mn in 2017 and is expected to reach a value of nearly US$13,200Mn by 2027, at a CAGR in the course of the forecast period 2017-2027. 3.7%.
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Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America
By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy.
The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products. developing,
Global Confectionery Packaging Market: Segmentation and Forecast
The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging type, and region.
- By Confectionery Type, the Chocolate Confectionery segment was valued at nearly US$4,100Mn in 2017 and is expected to reach a value of nearly US$6,100Mn in 2027, representing a CAGR of 4.1% during the valuation period. 2027.
- By material type, the metals segment was valued at nearly US$660 million in 2017. The plastic segment is expected to remain the most attractive material type during the forecast period owing to barrier properties such as moisture resistance. Packaging of sweets such as chocolate and gum.
- By packaging type, the flexible packaging segment was valued at nearly US$4,800Mn in 2017 and is projected to grow at a rate of 4.3% during the evaluation period.
- By region, the Western European Confectionery Packaging market is expected to reach a value of $3160 million in 2027, exhibiting a CAGR of 2.3% during the forecast period.
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Global Confectionery Packaging Market: Competitive Landscape
The report has outlined the key players operating in the global Confectionery Packaging market, including players such as Amcor Limited, Smurfit Kappa Group, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., and Berry Global. , Inc., Huhtamaki Oyj, Mondi Group, DS Smith Plc., International Paper Company, Sonoco Products Company, WestRock Company, Clondalkin Group Holdings BV, Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.
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About Future Market Insights Packaging
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help