CONFECTIONERY PACKAGING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

The packaging of biscuits, chocolates, and Confectionery owns high market share in the global packaging market. Packaging generally consists of containers composed of corrugated boxes, and metal or plastic. The rapidly expanding Confectionery market across the globe is expected to facilitate growth of the Confectionery packaging market over the forecast period.

Market Dynamics:-

Increasing consumption of chocolates, gums and bars is driving demand for advanced and improved packaging systems. This, in turn, is influencing packaging companies to introduce different varieties of Confectionery packaging material, which is likely to propel growth of the Confectionery packaging market in the near future.

According to India Brand Equity Foundation 2018, plastics possess highest market share in the Confectionery packaging market throughout the globe. Product innovations such as environment-friendly Confectionery packaging are expected to gain popularity in the near future, thereby supporting growth of Confectionery packaging market during the forecast period.

Market Outlook:-

Among material type, the plastic segment is expected to account for the highest market share in the global Confectionery packaging market over the forecast period. New product developments such as single-serve Confectionery packaging, environment-friendly packaging, improved aesthetics & design etc. are expected to drive demand for Confectionery packaging in the near future. On the basis of Confectionery type, chocolate is observed to be the most preferred Confectionery product in online sales. Rapidly increasing e-commerce sales of chocolate is expected to create enormous growth opportunities for Confectionery packaging market throughout the forecast period.

Target population consuming Confectionery are majorly children and young population. Increasing young population around the globe is expected to create high demand for Confectionery food items during the forecast period.

Increasing per capita expenditure and disposable income in countries such as India, etc. are expected to facilitate growth of the Confectionery packaging market in these regions over the forecast period. Furthermore, global as well as local and domestic manufacturers are focused on expanding their footprints in emerging markets by setting manufacturing operations in regions like Asia Pacific and Middle East. For instance, Barry Callebaut Group started a manufacturing unit in Singapore in 2016

Key Players:-

Key manufacturers in the global Confectionery packaging market include International Paper Company, Amcor Limited, Smurfit Kappa Group, Sonoco Products Company, Bemis Company, Inc., WestRock Company, Crown Holdings, Inc., Berry Global, Inc., Mondi Group, Sealed Air Corporation, DS Smith Plc, Huhtamaki Oyj, and others.

Market Taxonomy:-

On the basis of material type, the global Confectionery packaging market is segmented into:

• Plastic
• Metal
• Paper & Paperboard
• Glass
• Aluminum Foil

On the basis of packaging type, the global Confectionery packaging market is segmented into:

• Flexible Packaging
  • Wrappers
  • Liners
  • Pouches
  • Sachets
• Rigid Packaging
  • Cartons
  • Boxes
  • Trays
  • Containers

On the basis of Confectionery type, the global Confectionery packaging market is segmented into:

• Chocolate
• Sugar
• Gums

On the basis of region, the global Confectionery packaging market is segmented into:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
• Europe
  • U.K.
  • Germany
  • Italy
  • Spain
  • France
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • New Zealand
  • Japan
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
• Africa
  • Northern Africa
  • South Africa
  • Central Africa