Pune, India, January 30, 2018/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Confectionery Packaging Market Research Report - Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
Crown Holdings, Inc., Graphic Packaging International Inc., Aptar Group Inc., Sonoco Products Company, Bemis Company Inc., Amcor Limited, Silgan Holdings, West Rock Company, Solo Cup and Sweetheart Holdings., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global confectionery packaging market.
Confectionery Packaging Global Market – Overview
The Confectionery Packaging is used to pack various confectionery items such as Flour confections, Chocolate confections, Sugar confections, and others. There are two different packaging used to pack the confectioneries which includes rigid packaging and flexible packaging. Flexible packaging is one of the fastest growing segments of the packaging industry and it integrates the best qualities of plastic, film, paper and aluminum foil to offer an extensive range of protective properties. It essentially takes the shape of a bag, pouch, liner, or overwrap, or any part of a package whose shape can be readily changed. Such packaging are used for consumer products and in industrial applications, to protect, market, and distribute a variety of products. According to a recent study report published by the Market Research Future, The global market of Confectionery Packaging is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2021).
Confectionery packaging has wide applications in the F&B industry, mainly due to its features such as ease of handling, reduced production & shipment costs, and eco-friendliness. Rise in demand for packaged foods & beverages including ready-to-eat meals, frozen meals, and snack foods. Increase in consumer income in countries such as China, India, and Brazil, has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of confectionery packaging products.
Technological advancements in packaging plays a vital role in driving the growth of confectionery packaging market. Advanced technology in packaging has allowed companies for innovation in products instead of sticking to traditional methods of packaging. Due to this, many companies are investing in R&D and are coming up with advanced flexible packaging products with barrier resistance properties that offer resistance against heat and moisture and eliminates oxidation of foods. Such properties prove effective in maintaining the quality and consistency of food products while extending their shelf life without the use preservatives. Recent advancements in materials and production processes have reduced the weight of some confectionery packages up to 50%, subsequently lowering product shipping costs while maintaining or improving product protection.
Plastic is the most largely used material in confectionery packaging. Associations such as U.S. Food and Drug Administration, and European Food Safety Authority have put some stringent regulations, which may restrict the growth of flexible packaging. For example, materials made either entirely or partially from recycled plastics and used in contact with food, should only be obtained from processes, which have been assessed for safety by EFSA and authorised by the European Commission. Regulation EC 282/2008 establishes rules for the authorisation of processes used to recycle such materials. This restricts the use of all types and grades of plastic and hampers the plastic confectionery packaging market.
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Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global confectionery packaging market are that of new product development.
On 31st March 2017, Sonoco had launched a new portfolio of clear barrier flexible packaging that is ClearGuard so as to provide a transparency to the customers when providing best-in-class barrier properties for products
On October 2016, Coveris launched Nextrus Boneless Shrink bags so as to offer innovation in sustainability and performance of the products.
Confectionery Packaging Market – Segmentation
The global confectionery packaging market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material : Comprises Metal, Paper, Plastic, and others.
Segmentation by Type : Comprises Rigid packaging and Flexible Packaging.
Segmentation by Confectionery items : Comprises Flour confections, Chocolate confections, Sugar confections, and others
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Confectionery Packaging Market: Regional Analysis:
In North America, U.S. accounts for the second largest share in confectionery packaging market. Factors such as rising the consumer preferences for convenient packaging, increase in disposable income, and rising demand from food & beverage, pharmaceutical sectors are some factors driving the demand of the market in U.S. Europe is expected to be the second largest market in confectionery packaging due to innovation and development of personal care, hygiene and beauty products. Increased demand for consumer-friendly products which are lightweight and easily transportable, growing focus on sustainability, the increased need for extended shelf life, and rising standards of hygiene are the major drivers of confectionery packaging market.