Snack Food Packaging Market Forecasts to 2028 – Global Analysis By Packaging Type (Plastic, Metal), Product Weight (Less than 100 gm, 101 gm to 500 gm), Application (Baby Food, Bakery Snacks) and By Geography

Snack Food Packaging Market Forecasts to 2028 – Global Analysis By Packaging Type (Plastic, Metal), Product Weight (Less than 100 gm, 101 gm to 500 gm), Application (Baby Food, Bakery Snacks) and By Geography

According to Stratistics MRC, the Global Snack Food Packaging Market is accounted for $18.41 billion in 2021 and is expected to reach $28.24 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Snack food packaging comprises packaging of snack foods such as cookies, wafers, bakery snacks, etc., to evade contamination and to preserve nutritional values of food for a longer time. Furthermore, snacks need airtight packing to retain its original taste, aroma, quality, and better shelf life.

Market Dynamics:

Driver:

Growing Adoption of healthy lifestyles

Due to adoption of healthy lifestyles by the masses and emergence of retail stores in urban areas can drive the market growth. Product appeal, awareness of nutritional value, variety in products, and aging population are other factors driving market growth. High production of sustainable packaging and user convenience for handling small packages can augur favorably for snack food packaging market growth. Bags and pouches are integrating modified atmosphere packaging (MAP) for extending the shelf life of products. Consumer packaged goods are increasingly adopting new approaches to increase chemical resistance and mechanical strength of packages. Because more people are consuming snacks to replace meals, consumers are looking for more health benefits than ever before. Popular diets like the Paleo Diet, Ketogenic, Gluten Free and High Fat/High Protein diets are leading to an influx in foods that fit the busy consumer’s life while still fulfilling their desired eating preferences. Foods that are high in protein like protein bars and powders, nuts and seeds, jerky and meat bars, and nutritional supplements are also experiencing growth, as are other health-focused foods. In addition, increasing inclination towards healthy lifestyle has led to an increase in demand for a healthy snack which in turns expected to support growth of the market

Restraint:

Rising Environmental Concerns & Alternatives

The packaging industry is home to several ingredients that make use of various kinds of materials for packaging and plastic is one of them. With the global rising environmental concerns like climate change, there has been a major issue in using plastic in the snack food packaging market share dealings. This is likely to hamper the market from growing in the international market scenario. There is a dire need for the market for the development of alternatives in the form of packaging materials and reduced investment is another issue that might hamper the market growth during the forecast period.

Opportunity:

Increasing Digital Printing

The snack food market is moving toward flexible packaging, and the future of flexible packaging creation is digital printing. Digitally printed flexible packaging is an incredible opportunity to build more brand awareness and increase sales. Digital printing also allows brands to make last-minute changes to their designs. Because no plates are needed, unlike traditional printing, there is no long set-up time, so changes can be made easily. This flexibility makes adding a SKU, changing a recipe, or adding promotional information to an existing package quick and easy.

Threat:

Stringent Government

Stringent government protocols across the developed and a developing country regarding usage of plastic is a factor expected to threat growth of the market. In addition, increasing diet conscious population is another factor expected to hinder growth of the target market to a certain extent.

Flexible packaging segment is expected to be the largest during the forecast period

Due to factors such as it is used in packing fruits drinks & eatables and is single used containers. Additionally, the resale nature of these packs and their sustainability with respect to existing business standards can boost the segment demand. Flexible pouches are single use containers that are used in packing fruit drinks and eatables. Resalable nature of these packs and its sustainability with respect to current business standards can drive the segment demand.

The Savory Snacks segment is expected to have the highest CAGR during the forecast period

The savory snacks segment held the highest CAGR market of the global snack food packaging market. This is attributed to consumer awareness of benefits of dried fruits, nutritional bars, and nuts. Indication of healthy eating owing to design of small pouches for fruits and nuts can drive the segment growth. Savoury food has a salty or spicy flavour rather than a sweet one. Savouries are small items of savoury food that are usually eaten as a snack, for example with alcoholic drinks at a party or before a meal.

Region with highest share:

The North America is projected to hold the highest market share; this is accredited to the occurrence of major food manufacturers in the province and consumption by the populace. Besides, change in consumer attitudes, acceptance of healthy lifestyles, and new dietary guidelines can drive the demand for better packaging for products. North America is likely to accrue huge market demand over the assessment period.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR due to high consumption rate of snacks in developing provinces of Malaysia, Indonesia, China, and India is expected to bode well for the global market. The need for comfort foods during stressed times can work in favour of the global snack food packaging market. The COVID-19 pandemic has driven the surge of single-serve foods as well as renewed packaging to assure the safety of foods.

Key players in the market:

Some of the key players profiled in the Snack Food Packaging Market include Amcor , American Packaging, Bemis Company, Bryce Corporation, Clondalkin Group, Graham Packaging Holdings , Huhtamaki Global, Modern-Pak Pte Ltd , ProAmpac, Sealed Air Corporation, Sonoco Products, Swiss pack private limited.

Key developments:

In May 2021: Amcor launched Designed-to-Be-Recycled Food Packaging in Colombia. The new sachet is designed to be recycled in accordance with industry standard. The sachet is the latest in a series of designed-to-be-recycled and other sustainable packaging projects.

In June 2018: Bemis launched clear, recyclable standup pouch packaging. The technology combines readily recyclable material with shelf-appealing transparency, helping CPGs attract t consumers while achieving the sustainability goals of their businesses.

In Februarys 2017: Clondalkin launched new stand up pouch for extended shelf life. The combination of specially selected materials and a micro-perforation allows the product inside to breathe and remain fresher for longer. The packaging extends the shelf life of the fruits and ensures a crunchy taste up to 12 days after harvesting.

Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging

Materials Covered:
• Plastic
• Paper/Paperboard
• Metal
• Glass

Product Weights Covered:
• Less than 100 gm
• 101 gm to 500 gm
• 500 gm to 1 kg
• 1 kg to 3 kg
• Above 3 kg

Packaging Formats Covered:
• Bags
• Boxes
• Composite Cans
• Pouches
• Other Packaging Formats

Applications Covered:
• Baby Food
• Bakery Snacks
• Candy & Confections
• Chips/ Crisp/ Fries/ Plantain Chip
• Nuts & Dry Fruits
• Ready-to-Eat Food
• Savory Snacks

End Users Covered:
• Catering
• Food Truck
• Full Service Restaurants
• Quick Service Restaurants
• Restaurants
• Savory Snacks

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances