Confectionery Packaging Market: Unwrapping the Basics
Before we delve into the intricacies of confectionery packaging, let’s first understand the fundamentals of this market. The Confectionery Packaging Market primarily revolves around the packaging of various sweet treats, including chocolates, candies, toffees, gummies, and more. The goal of packaging goes beyond protection; it aims to enhance the visual appeal, maintain product freshness, and provide convenience to consumers.
The Sweet Evolution of Confectionery Packaging
In this section, we will explore how confectionery packaging has evolved over the years. From simple paper wraps to elaborate custom-designed boxes, the packaging industry has come a long way. We’ll also discuss the impact of consumer preferences, environmental concerns, and technological advancements on this evolution.
During the projected period, the confectionery packaging market is expected to experience steady growth, with an average CAGR of 4.4%. By the year 2023, the market is predicted to generate a revenue of US$ 11.37 billion, and it is estimated to surpass a value of US$ 17.50 billion by 2033.
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Key Takeaways
- The United States market leads the confectionery packaging market in terms of market share in North America. The United States region held a market share of 17.3% in 2022. The growth in this region is attributed to expanding confectioneries, sustainable packaging businesses, and the government’s ban on limited plastic control. North American region held a market share of 18.7% in 2022.
- Germany’s market is another important market in Europe region. The market held a market share of 6.1% in 2022. The growth is caused by high tourist footfall and the existence of old popular confectioneries. Furthermore, Europe region also held a 36.4% global share in 2022.
- India’s confectionery packaging market thrives at a CAGR of 7.4% during the forecast period. The growth is attributed to high investments and innovative packaging businesses.
- China market also thrives at a CAGR of 6.5% between 2023 and 2033. The growth is caused by the government’s efforts for sustainable and eco-friendly packaging.
- Based on material type, the plastic material segment held the leading market share of 54.5% in 2022. The growth is attributed to high affordability, availability, and flexibility.
- Based on the confectionery type, the chocolate confectionery segment leads the market as it held a leading market share of 45.7% in 2022. The growth is caused by the high consumption of chocolate.
Competitive Landscape:
The key vendors focus on delivering eco-friendly packaging that is custom-made. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments:
- Amcor plc has extended its snacks and confectionery range in Europe with barrier materials and packaging formats. These packaging formats are available for sweets, snacks, and nuts.
- Sealed Air Corporation has acquired Liquibox, a global leader in the flexible packaging industry. The acquisition is expected to dispense many solutions for fresh packaging innovations. The acquisition is expected to enhance the supply chains
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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Confectionery Packaging Market by Category
By Packaging Type:
- Flexible Packaging
- Wrappers
- Stickpacks & Sachets
- Liners
- Pouches
- Rigid Packaging
- Folding Cartons
- Corrugated Boxes
- Trays
- Containers (Metal, Glass & Plastic)
By Material Type:
- Plastic
- Paper & Paperboard
- Metal
- Aluminum Foil
- Glass
By Confectionery Type:
- Chocolate Confectionery
- Countlines
- Slabs/Bars/Blocks
- Boxed Assortments
- Tablets
- Others(Confectionery with toys, seasonal chocolates)
- Sugar Confectionery
- Gums, Jellies & Pastilles
- Medicated Confectionery
- Mints
- Boiled Sweets
- Toffees, Caramel & Nougats
- Lollipops
- Other Sugar Confectionery
- Gums
- Chewing Gums
- Bubble Gums
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