The confectionery flexible packaging market for sweets is expected to grow to $5.9 billion in 2022, with a projected CAGR of 3.2%. By 2030, the market for flexible packaging for sweets is anticipated to reach $7.6 billion. The growth in demand for confectionery flexible packaging is driven by factors such as improved food processing, increasing consumer demand for snacks and nibbles, and the expansion of markets in regions like Asia Pacific, the Middle East, and Africa.
The COVID-19 pandemic has contributed to the rise in food and snack delivery, as people staying at home relied on e-commerce platforms for their snack purchases. The entry of large food and grocery delivery companies in 2020-2021 led to a significant increase in the demand for confectionery products. As long as this trend continues, the need for flexible packaging for confectionery is expected to grow in the coming years.
Environmental concerns and the demand for sustainable packaging are pushing manufacturers to provide recyclable confectionery packaging. The interest in veganism has also influenced the confectionery industry, with snack and confectionery makers developing vegan products and avoiding the use of animal-derived components. This trend presents opportunities for manufacturers of snack and confectionery packaging, as the vegan confectionery business is expected to be profitable and contribute to the sales of flexible packaging for candy.
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Advancements in packaging technology and the increasing demand for recyclable and leak-proof confectionery packaging are expected to drive the market’s growth through 2030. The market will benefit from ongoing developments in packaging techniques and materials, as well as the emphasis on sustainability in the industry.
Key Takeaways:
- Based on product type, sales in the films and wraps segment are forecast to increase at a 2.5% CAGR through 2030.
- Demand for bioplastics will increase by 1.4x over the assessment period.
- In terms of applications, sales in the jelly segment will grow at a 5.8% CAGR over the forecast period.
- Demand for confectionery flexible packaging in the U.S. will increase at a 2.9% CAGR through 2030.
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Total confectionery flexible packaging consumption in Europe will reach 1.5 Mn Tonnes in 2022.
Competitive Landscape
Confectionery flexible packaging manufacturers are introducing innovative and recyclable materials and formats to improve sales across the globe. They are also investing in mergers, acquisitions and collaborations to gain a competitive edge in the market. For instance:
- In May 2022, the Italian Cama group is expected to demonstrate technologically advanced confectionery packaging machinery at IPACK-IMA 2022, which is expected to bring a technological revolution in packaging.
- In January 2022, Amcor plc undertook customer perception on confectionery packaging and is now developing paper-based packaging products for the same market.
Key Players:
- WestRock Company
- DS Smith plc
- Sonoco Products Company
- Amcor plc
- Huhtamaki Oyj
- Constantia Flexibles Group GmbH
- Ahlstrom-Munksjö Oyj
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Confectionery Flexible Packaging Market by Category
By Product Type:
- Films & Wraps
- Pouches
- Sachets & Stick Packs
- Tubes
- Laminates
By Material Type:
- Plastics
- PE
- PP
- PET
- PVC
- PA
- EVOH
- Bioplastics
- PLA
- PHA
- Starch Based Plastic
- Cellulose Fibers
- Other Plastics
- Paper
By Application:
- Chocolate
- Candy & Toffees
- Gum
- Jelly
- Snack Bars
- Biscuits
- Rest of Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
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