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Confectionery Packaging Market Analysis

  • Report ID: GMI7880
  • Published Date: Jan 2024
  • Report Format: PDF

Confectionery Packaging Market Analysis

Based on product type, the market is divided into Chocolate packaging, Candy packaging, Gum packaging, Biscuits & Cookies packaging and Other. Chocolate packaging held the dominant market share of USD 5.17 billion in 2023. The packaging for chocolates focuses on maintaining product freshness, protecting against temperature fluctuations, and enhancing visual appeal to entice consumers. Candy packaging holds another significant share, characterized by vibrant and attractive designs that appeal to both children and adults. The packaging for candies often emphasizes portion control and resealability to accommodate diverse consumer preferences.
 

Confectionery Packaging Market Revenue Share, By Material Type, (2023)

Based on material type, the confectionery packaging market is categorized into Plastic, Paper & Paperboard, Metal, Aluminum Foil and Other. Plastic packaging accounted for over 49% market share in 2023 and is projected to grow through 2032. Plastic packaging is widely utilized for its ability to provide various shapes, sizes, and barrier properties that enhance product protection and visual appeal. However, environmental concerns related to plastic waste have led to an increased emphasis on sustainable alternatives.
 

The confectionery packaging market is segmented by packaging type into two main categories: flexible packaging and rigid packaging, each playing a crucial role in meeting diverse industry needs. Flexible packaging, comprising materials like plastic films and laminates, commands a significant market share. Its popularity stems from its adaptability, offering manufacturers the flexibility to create various shapes and sizes while providing effective barriers against moisture, air, and light. The lightweight nature of flexible packaging also contributes to reduced transportation costs and environmental impact. This type is particularly prevalent in the packaging of candies, chocolates, and snacks, where product visibility and convenience are paramount.
 

The confectionery packaging market is segmented by packaging size into two key categories: single-serve and family/party packs, each addressing distinct consumer needs and market dynamics. Single-serve packaging holds a significant market share, driven by the growing demand for on-the-go and convenient snack options. This packaging size caters to the busy lifestyles of consumers seeking individual portions, fostering portion control and reducing food waste. Single-serve packaging is prevalent in candies, chocolates, and gum, aligning with the trend of smaller, indulgent treats that suit modern consumption patterns.
 

North America Confectionery Packaging Market Size, 2021 - 2032 (USD Billion)

North America dominated the global Confectionery Packaging market in 2023. It generated a revenue of over USD 4 billion in 2023. The confluence of a mature confectionery market and a well-established packaging industry contributes to the region's significance. North America witnesses a steady demand for confectionery products, with chocolates, candies, and gum being perennial favorites among consumers. The packaging strategies in this region often align with the prevailing consumer trends, emphasizing a balance between attractive designs, sustainable materials, and functional features.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Confectionery packaging industry size was worth USD 11.68 billion in 2023 and is set to expand at over 5.1% CAGR from 2024 to 2032 driven by the evolving consumer preferences along with the rising demand for innovative and visually appealing packaging solutions.

Confectionery chocolate packaging market accounted for USD 5.17 billion in revenue in 2023 and is expected to record substantial growth through 2032 attributed to the increasing need for maintaining product freshness and protecting against temperature fluctuations.

North America confectionery packaging industry was worth more than USD 4 billion in 2023 and is estimated to expand at a robust growth rate through 2032 owing to the confluence of a mature confectionery market and a well-established packaging industry in the region.

Some of the leading confectionery packaging companies are Amcor Plc, ANL Packaging, Berry Global, DS Smith, International Paper Company, KM Packaging, Printpack, Sealed Air, Smurfit Kappa, Sonoco, and WestRock, among others.

Confectionery Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 241
  • Countries covered: 21
  • Pages: 300
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