Flexible Plastic Snack Food Packaging Market Research Report Forecast to 2026

Flexible Plastic Snack Food Packaging Market Research Report Forecast to 2026

Flexible Plastic Snack Food Packaging Market Forecast till 2026

Market Overview

The use of snack food packaging helps to preserve the freshness and quality of snack foods by providing a barrier against oxygen, moisture, and light. This packaging is essential in protecting snacks such as potato chips, crackers, wafers, and others from damage and deterioration. There are two main types of snack food packaging: flexible and rigid. Flexible packaging, in the form of bags or pouches sealed through heat or pressure, is made of materials like plastic, film, foil, or paper and is lighter than rigid packaging. Different materials like plastic, paper, metal, and others are used for various applications, such as bakery snacks, candy and confections, savory snacks, nuts and dried fruits, and more.

Plastics are widely used in food packaging due to their ability to protect food, ensure food safety, and extend its freshness. Companies rely on innovative packaging and advertising to attract customers, who often choose products that are portable, compact, convenient, and eco-friendly. The packaging material plays a crucial role in determining the product's appearance, making it more appealing and boosting its demand, which in turn affects the market value of the product.

Segment Overview

The global market for flexible plastic snack food packaging is divided into different product types, including Stand-Up Pouches, Lay Flat Pouches, Films and Wraps, Rollstocks, Gussetted Bags, and Others. Stand-Up Pouches, which can be displayed, stored, and used by standing upright on their bottom, held the largest market share in 2019 and are expected to maintain their dominance in the forecast period. Lay Flat Pouches, which provide straightforward, effective, and cost-efficient packaging options for the food packaging industry, were the second-largest market and are expected to have the highest growth rate during the forecast period.

Regional Analysis

The global flexible plastic snack food packaging market is spread across several regions, including North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America has seen significant investments in R&D and product innovation for flexible plastic snack food packaging, making it the second-largest market in the world. Europe, particularly Germany, is home to several premium brands, which boosts the market for flexible plastic snack food packaging. In the Asia-Pacific region, rising consumption of snack foods, particularly in China, India, and Japan, drives the market. The Middle East and Africa region has seen a steady rise in disposable income, leading to increased purchases of on-the-go snack food products, driving the demand for flexible plastic packaging solutions. South America is a developing region, where a growing disposable income among individuals is indirectly driving the demand for flexible plastic packaging solutions.

Major Players

The key players in the market are Amcor PLC (Australia), Sealed Air Corporation (USA), Sonoco Products Company (USA), Coveris (Austria), Clondalkin Group (Netherlands), Huhtamaki (Finland), ProAmpac (USA), Bryce Corporationis (USA), Swiss Pack (UK), and Uflex Limited (India).

COVID 19 Impacts

The COVID-19 pandemic has led to a significant decrease in demand for flexible plastic snack food packaging from industrial sectors. The packaging industry has experienced a mixed impact due to changes in both on-premise and off-premise businesses. Although flexible plastic snack food packaging plays a crucial role in preserving, protecting, and maintaining the quality of food products, the pandemic has caused a sharp drop in the production and purchase of this type of packaging.

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Companies Mentioned

Amcor PLC (Australia)
Sealed Air Corporation (USA)
Sonoco Products Company (USA)
Coveris (Austria)
Clondalkin Group (Netherlands)
Huhtamaki (Finland)
ProAmpac (USA)
Bryce Corporationis (USA)
Swiss Pack (UK)
and Uflex Limited (India)

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