The market for pie packaging is projected to be worth US$46.91 billion in 2022. By 2032, the market is expected to grow at a CAGR of 6% and reach a value of US$ 84.27 billion. Today, many individuals throughout the world are making changes to their lifestyles in an effort to become healthier.
People are so encouraged to eat organic food in order to maintain their health. These health-conscious customers are increasingly requesting organic pies. Market players are utilising this chance to target this consumer segment and diversify their product portfolios in the pie packaging market. Due to the emergence of several pie home delivery services, pie consumption has dramatically increased.
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Global pie packaging market: Key Players
Some of the key players in the global pie packaging market are –
- Shijiazhuang CHUANGMEI Paper Products Co., Ltd.,
- Jessica Liu Dongguan A1 Packing&Stationery Co., Ltd,
- PieBox, LTD, Albany Packaging and Cassel Bear, Ltd
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
Global pie packaging market: Dynamics
The increase in demand for pie has led to the introduction of many home delivery services for pie. This factor is expected to drive the global pie packaging market. Other factors that are expected to act as drivers for the global pie packaging market are utilization of some of the latest trends in the global packaging industry.
Many suppliers offer the option for custom printing and labeling, which can also be used to target certain groups of consumers, most notably kids. The global food packaging market has shown meteoric growth over the past few decades, leading to an increased demand for absolute customization in terms of package design and formulation. Also, many suppliers are starting to offer to-go containers as pie packaging options.
Owing to the recent pattern of food consumption and fast paced lifestyle, to-go containers have a strong appeal as the most suitable form of packaging for any food item. Another factor that contributes as a driver to the global pie packaging market is the introduction of new and innovative package designs for pies.
This is expected to result in increased competition among manufacturers to come up with more innovative designs.
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Global pie packaging market: Geographical and Competitive dynamics
The global pie packaging market is segmented in the following seven regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA)
North America, Western and Eastern Europe are the highest contributors to the global pie packaging, owing to a large consumer base. Countries in the Asia Pacific region have seen a recent increase in the number of people moving to urban centers. The increased disposable income and the evolving lifestyle has led people to shift towards on-the-go packaging solutions.
Small sized of pies, also known as cupcakes are becoming popular across the world, owing to their small size and convenience in carrying. Middle East and Africa and Latin America are also expected to see a growth in the sales for pie, although, as mentioned above, pie may be presented in a very different way depending on the region.
Global pie packaging market: Segmentation
The global pie packaging market is segmented as follows: –
On the basis of package type:
- Boxes
- With window
- Without window
- Pans
- Containers
- Tins
On the basis of raw materials:
- Plastic
- Paperboard
- Others (unfinished pine)
On the basis of Box Shape:
- Standard
- Deep Pie Container
- Half Pie Container
- Quarter Pie Container
- Others
- Custom
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