Introduction
Welcome to the delectable universe of confectionery packaging! In this article, we will delve into the Confectionery Packaging Market, offering you valuable insights and information about this fascinating industry. From the latest trends to the packaging solutions that tantalize your taste buds, we’ve got it all covered.
Confectionery Packaging Market: A Sweet Overview
Packaging plays a pivotal role in the world of confectionery. It’s not just about aesthetics; it’s about preserving freshness and ensuring delightful consumer experiences. Here, we explore the Confectionery Packaging Market from various angles:
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.
Embracing Sustainability: A Sweet Responsibility
The Confectionery Packaging Market is embracing sustainability with open arms. As consumers become more environmentally conscious, brands are taking steps to reduce their environmental impact. This includes:
- Biodegradable Materials: Packaging made from materials that naturally decompose, minimizing long-term waste.
- Recyclable Packaging: Choosing materials that can be easily recycled, reducing the strain on landfills.
- Reduced Plastic Usage: Opting for plastic alternatives like paper, cardboard, or compostable materials.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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