Confectionary Packaging Market

Confectionary Packaging Market

Growth Factors of Confectionary Packaging Market

The confectionary packaging market size was valued at USD 14.33 billion in 2023, and the market is now projected to grow from USD 14.93 billion in 2024 to USD 21.33 billion by 2032, exhibiting a CAGR of 4.57% during the forecast period of 2024-2032.

The outbreak of the COVID-19 pandemic in particular has affected the confectionary packaging market by increasing the consumption of the packaging materials that require one-use usage. Cleaning issues reaffirmed the choice of products in single portions and made people avoid contact with the mass consumer products. Also the disruptions in supply and limited workforce in manufacturing facilities also impacted the packaging. Yet, the advancement in e-commerce and at home consumption promoted an influx in the utilization of durable and attractive packaging for better display and protection of goods particularly in confectionary during distribution and shipment.

That can be attributed to trends in the packaging of confectionary products where the key aspects being considered include sustainability, convenience and design. Packaging materials such as the biodegradable plastics and recyclable papers are being preferred by the market and customers due to environmental consciousness. Re-sealable and serving sized packaging increases portability making snacking easier, besides helping maintain the quality of. Also, there is an added intensity in the packaging as designers use more colors and symbols such as QR codes and augmented reality with the aim of engaging the customer. Another type of packaging is transparent packaging where consumers are able to have a clear view of the product therefore increasing their trust and consumers with compelling health consciousness are targeted. The above-mentioned factors are driving the confectionary packaging market growth.

Some of the factors which drive the growth of confectionary packaging market are increasing demand of proper packaging that is convenient, environmental friendly, and attractive to the consumer. The awareness of the consequences of pollutions is forcing manufacturers look for environment-friendly constituents such as biodegradable plastics as well as recyclable papers. The portion-controlled and hygienic packaging have also needed because of a growing awareness of health in the current world and after the pandemic. However, the constantly developing opportunities to order goods online and consume them everywhere increase the need in the durable, protection packaging. Smart packaging and other techniques like interactive designs contribute to brand engagement leading to new developments of products in the market.

Comprehensive Analysis Confectionary Packaging Market

The confectionary packaging market is classified by material, packing kind, and the kind of confectionery. With respect to the material, finished and unfinished types of plastic like polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE), and polyvinyl chloride (PVC) hold largest share on account of their characteristics such as durability and versatility coupled with other material like paper, glass, and aluminum. Packaging forms are classified between Rigid Packaging which include boxes, trays, containers, jars, and Flexible Packaging include wraps, sachets, films, and bags. Subcategories of confectionery products include chocolate products, gums and candies, sugar products, fruits and nuts confectionery and others whereby each type comes with customized packaging to increase the product’s shelf life, ease of handling and presentation.

Europe is the largest consuming region which consists of chocolates, candies, and sugar confectionery in the global confectionary packaging market share. Its focus on sustainability has forced the companies around the region to embrace environmentally sustainable packaging like the recycled and bio-degradable ones. Also the raise in health consciousness among the people has led toward the greater demands of foods that come in controlled portions and wrapped up hygienically. Some of the most famous confectionery markets include the Germany market, the UK market for confectionery and the France market for confectionery etc. The increase in demand for e-commerce and quality packaging has an added bonus for Europe’s share in the global confectionery packaging market.

Key players in this sector include Amcor (Switzerland), Smurfit Kappa (Ireland), Rengo Co., Ltd. (Japan), Coveris Group (Austria), Huhtamaki Oyj (Finland), Constantia Flexibles (Austria), Printpack (U.S.), Stanpac Inc. (Canada), TOPPAN Inc. (Japan)

In 2024 new trends in the confectionary packaging market involve the appearance of intelligent packaging for chocolates. It involves implantation of sensors and Quick Response code which will enable consumers to learn the real time product details such as freshness, ingredients, source among others. Also on the market today are biodegradable films that are derived from plants to replace the normal plastics for wrapping. These films do not only meet the objective of providing the same degree of product protection but also adapts to the current society’s need for more sustainably-produced products. Other applications include the use of augmented reality (AR) packaging designs to improve on the appeal of the packaging to consumers.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.57% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

- Plastic

• Polypropylene (PP)
• Polyethylene terephthalate (PET)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Others

- Paper

- Glass

- Aluminum

- Others

By Packaging Type

- Rigid

• Boxes & Cartons
• Trays
• Containers
• Jars
• Others

- Flexible

• Wraps
• Sachets
• Films
• Bags & Pouches
• Others

By Confectionery Type

- Chocolates

- Gums

- Candy

- Sugar Confectionery

- Fruits & Nuts

- Others

By Region

- North America (By Material, By Packaging Type, By Confectionery Type and Country)

• U.S. (By Confectionery Type)
• Canada (By Confectionery Type)

- Europe (By Material, By Packaging Type, By Confectionery Type and Country)

• Germany (By Confectionery Type)
• France (By Confectionery Type)
• U.K. (By Confectionery Type)
• Italy (By Confectionery Type)
• Spain (By Confectionery Type)
• Russia (By Confectionery Type)
• Poland (By Confectionery Type)
• Romania (By Confectionery Type)
• Rest of Europe (By Confectionery Type)

- Asia Pacific (By Material, By Packaging Type, By Confectionery Type and Country)

• China (By Confectionery Type)
• India (By Confectionery Type)
• Japan(By Confectionery Type)
• Australia (By Confectionery Type)
• South Korea (By Confectionery Type)
• Southeast Asia (By Confectionery Type)
• Rest of the Asia Pacific (By Confectionery Type)

- Latin America (By Material, By Packaging Type, By Confectionery Type and Country)

• Brazil (By Confectionery Type)
• Mexico (By Confectionery Type)
• Argentina (By Confectionery Type)
• Rest of Latin America (By Confectionery Type)

- Middle East & Africa (By Material, By Packaging Type, By Confectionery Type and Country)

• Saudi Arabia (By Confectionery Type)
• UAE (By Confectionery Type)
• Oman (By Confectionery Type)
• South Africa (By Confectionery Type)
• Rest of the Middle East & Africa (By Confectionery Type)


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