The confectionery packaging market is expected to grow USD 10,901 million at a higher CAGR 3.30% in the global market during the forecasted period to account for a higher market value in the market trends.Owing to the increasing demand for food and beverages, mostly sweet items propel the growth of the market in the global market. Also, the increasing urbanization and changing preference towards sugar-free products fuel the global market in the global market. Moreover, the growing innovation in the packaging industry also facilitates the growth of the market. Changing tastes and preferences, and habits is another contributing factor for the growth of the market analysis in the global market.
With the growing outbreak of the global pandemic of COVID 19 businesses have suffered huge losses which have pushed the economies towards forced recession. The growing wave of the global pandemic has suffocated the individual to fight between the financial crises along with health concerns. The situation of lockdown has resulted in shut down of most of the manufacturing units which leads to a steep downfall in the sales revenue of the confectionery packaging market all across the globe. The supply chain networks have also been disrupted which results in reduced profit margin.
However, it is expected that the confectionery packaging industry will recover from this global pandemic of COVID 19 by strategizing properly to meet the requirements of their customers. Also, it is expected to recover at the end of the third quarter in the coming year.
These major key players use various strategies to sustain their market position in the confectionery packaging market in the global market by collaborating, by going for mergers, and acquisitions, setting up a new joint venture, establishing a partnership, developing a new production process, innovation in the existing product, developing a new product line, and many others to expand their customer base in the untapped market of the confectionery packaging all across the globe.
The rise in demand for confectionery packaging in the global market. Owing to the increasing personal disposable income, changing lifestyle, and increasing consumption of confectionery products are some of the factors which drive the growth of the market in the global market. With the increasing young population in the global market, the demand for market increases all across the globe. Moreover, the market of sugar-free confectionery items is gaining higher popularity which fuels the growth of the market in the global market.
The demand for confectionery packaging market analysis is increasing constantly in the global market. The increasing concerns among people regarding health and fitness and adopting a healthy lifestyle provide various growth opportunities for the market in the global market during the forecasted period. Moreover, the penetration of the e-commerce industry in various augments provides various growth opportunities for the market in the global market. Innovation done in the packaging industry is another growth opportunity available during the estimated period.
The demand for the confectionery packaging market growth is increasing rapidly in the global market but some factors restrict the growth of the market in the global market. The fragmentation of the market hinders the growth of the market all across the globe. The strong competition among the competitors in the domestic market hampers the growth of the market in the global market. Also, the strict rules regarding the use of plastic are another factor that restricts growth.
The demand for confectionery packaging is increasing tremendously in the global market owing to various benefits associated and hence adds value to society. Owing to the increasing problem of obesity among people, various sugar-free products are included in the confectionery packaging market. Also, various healthier snack bars were launched that are tasty and healthy.
The confectionery packaging market in the global market has been divided based on the material, type, application, confectionery items, and many others.
The confectionery packaging report in the global market has been divided based on the material into plastic material, paper material, metal material, and many other materials.
The global market has been divided based on the type into flexible packaging type and rigid packaging type.
The global market has been divided based on the application into assorted chocolates, toffies and candies, sugar and bread confectionery, chocolate bars, and many others.
The global market has been divided based on the confectionery items into sugar confections, chocolate confections, flour confections, and many other confectionery items.
The confectionery packaging market in the global market has been divided based on the region into Asia-Pacific region, European region, North American region, Latin American region, the Middle East and African region, and the rest of the world.
The confectionery packaging in the global market has been divided based on the region into Asia-Pacific region, European region, North American region, Latin American region, the Middle East and African region, and the rest of the world. The largest market share in the confectionery packaging in the global market is held by the Asia-Pacific region as this region is the fastest-growing region in the global market owing to increasing urbanization. Also, the preference regarding consumption of food and beverages is constantly changing in this region and hence dominates in the global market. Moreover, the increasing investment in the packaging industry anticipated more growth opportunities in the Asia-Pacific region.
The second-largest market share in the global confectionery packaging market in the global market is held by the North American region owing to the presence of various giant countries like the US and Canada. Also, the North American region is anticipated to grow rapidly during the forecasted period. The third-largest market share in the market in the global market is held by the European region owing to increasing investment in the packaging industry by various countries like Italy, France, Germany, and the UK.
The Latin American region and the Middle East and African region also show steady growth in the confectionery market during the forecasted period. Various countries like Brazil, Argentina, and others are investing funds towards the improvement of infrastructure, and hence the market flourishes in this region.
The global confectionery packaging market research report consists of the following elements:
This global confectionery packaging market research report contains factors that drive the growth of the market in the global market along with the factors that restrict the growth of the market in the global market. The opportunities available for the growth of the market during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the market all across the globe is mentioned. The future growth rate of the market during the forecasted period is estimated and mentioned.
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 10,901 million |
| CAGR | 2030: 3.30% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Type and Confectionery items |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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. |
| Key Market Opportunities | Rapid urbanization |
| Key Market Drivers | Growing demand for confectionery products |
Confectionery Packaging Market Highlights:
Frequently Asked Questions (FAQ) :
Major materials used in the confectionery packaging market include metal, paper, plastic, and others.
Major types of confectionery packaging include rigid packaging and flexible packaging.
The growing demand for confectionery products is the major driver for the confectionery packaging market.
Asia Pacific is the dominant force in the global confectionery packaging market.
Leading players in the confectionery packaging market include Graphic Packaging International, Crown Holdings, and Sonoco Products Company, among others.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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