Wrapped in Sweet Success: Confectionery Packaging Market on Track to Surpass US$ 17.50 Billion by 2033

Introduction

When it comes to indulging in sweet treats, the first impression matters just as much as the taste itself. The confectionery packaging market has evolved significantly, offering a diverse range of solutions that go beyond mere protection. From chocolates and candies to gourmet delights, this article dives into the world of confectionery packaging, exploring its trends, innovations, and the crucial role it plays in preserving taste and captivating consumers.

During the projected period, the confectionery packaging market is expected to experience steady growth, with an average CAGR of 4.4%. By the year 2023, the market is predicted to generate a revenue of US$ 11.37 billion, and it is estimated to surpass a value of US$ 17.50 billion by 2033.

Confectionery Packaging Market: An Overview

The Confectionery Packaging Market is a dynamic and ever-growing sector that focuses on designing, producing, and delivering packaging solutions for various confectionery products. This market encompasses a wide range of products, including chocolates, candies, cookies, and other sugary delights, each requiring distinct packaging to maintain their freshness and visual appeal.

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Key Takeaways

1. The United States market leads the confectionery packaging market in terms of market share in North America. The United States region held a market share of 17.3% in 2022. The growth in this region is attributed to expanding confectioneries, sustainable packaging businesses, and the government's ban on limited plastic control. North American region held a market share of 18.7% in 2022.
2. Germany's market is another important market in Europe region. The market held a market share of 6.1% in 2022. The growth is caused by high tourist footfall and the existence of old popular confectioneries. Furthermore, Europe region also held a 36.4% global share in 2022.
3. India's confectionery packaging market thrives at a CAGR of 7.4% during the forecast period. The growth is attributed to high investments and innovative packaging businesses.
4. China market also thrives at a CAGR of 6.5% between 2023 and 2033. The growth is caused by the government's efforts for sustainable and eco-friendly packaging.
5. Based on material type, the plastic material segment held the leading market share of 54.5% in 2022. The growth is attributed to high affordability, availability, and flexibility.
6. Based on the confectionery type, the chocolate confectionery segment leads the market as it held a leading market share of 45.7% in 2022. The growth is caused by the high consumption of chocolate.

Competitive Landscape:

The key vendors focus on delivering eco-friendly packaging that is custom-made.  Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments:

Amcor plc has extended its snacks and confectionery range in Europe with barrier materials and packaging formats. These packaging formats are available for sweets, snacks, and nuts.
Sealed Air Corporation has acquired Liquibox, a global leader in the flexible packaging industry. The acquisition is expected to dispense many solutions for fresh packaging innovations. The acquisition is expected to enhance the supply chains

Global Confectionery Packaging Market: Competitive Landscape

The report has outlined the key players operating in the global Confectionery Packaging market, including players such as

1. Amcor Limited,
2. Smurfit Kappa Group,
3. Sealed Air Corporation,
4. Bemis Company, Inc.,
5. Crown Holdings, Inc., and
6. Berry Global. , Inc.,
7. Huhtamaki Oyj,
8. Mondi Group,
9. DS Smith Plc.,
10. International Paper Company,
11. Sonoco Products Company,
12. WestRock Company,
13. Clondalkin Group Holdings BV,
14. Schur Flexibles Holding GesmbH,
15. Ahlstrom-Munksjö Oyj,
16. Bomarko Inc.,
17. Printpack Inc.,
18. Stanpac Inc.,
19. MOD-PAC Corp. and
20. Tomric Systems, Inc.

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Confectionery Packaging Market by Category

By Packaging Type:

Flexible Packaging
Wrappers
Stickpacks & Sachets
Liners
Pouches
Rigid Packaging
Folding Cartons
Corrugated Boxes
Trays
Containers (Metal, Glass & Plastic)

By Material Type:

Plastic
Paper & Paperboard
Metal
Aluminum Foil
Glass

By Confectionery Type:

Chocolate Confectionery
Countlines
Slabs/Bars/Blocks
Boxed Assortments
Tablets
Others(Confectionery with toys, seasonal chocolates)
Sugar Confectionery
Gums, Jellies & Pastilles
Medicated Confectionery
Mints
Boiled Sweets
Toffees, Caramel & Nougats
Lollipops
Other Sugar Confectionery
Gums
Chewing Gums
Bubble Gums

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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