Confectionery Flexible Packaging Market to Reach US$ 7.3 Billion by 2030, Driven by Eco-Conscious Consumers, RationalStat Report Reveals

The global confectionery flexible packaging market is expected to reach US$ 7.3 billion by 2030, with an annual growth rate of more than 3.2%.

According to RationalStat's most recent industry analysis, the Global Confectionery Flexible Packaging Market value is estimated at US$ 5.9 billion in 2023 and is expected to rise at a strong CAGR of over 3.2% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

The use of flexible and malleable materials for packaging various confectionery products such as chocolates, candies, snacks, and other sweet delights is referred to as confectionery flexible packaging. This packaging is intended to give an appealing and effective solution for keeping the freshness, flavor, and quality of confectionery items while also providing consumers with convenience.

The confectionery business is shifting towards more environmentally friendly packaging options. Biodegradable films and recyclable choices, for example, contribute to ecologically beneficial practices, harmonizing with customer aspirations for sustainability.

According to a deep-dive market assessment by RationalStat, the global confectionery flexible packaging market has been analyzed on the basis of market segments, including product type, material, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
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Market intelligence for the global confectionery flexible packaging market covers market sizes on the basis of market value (US$/EUR Million), volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global confectionery flexible packaging market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Confectionery Flexible Packaging Market: Segmental and Market Share Analysis
• On the basis of material, the paper segment is projected to increase at a 3.5% CAGR through 2030. Growing preference for sustainable and easy-to-dispose packaging solutions across the globe will continue pushing sales in this segment.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 5.9 billion
Market Size Forecast US$ 7.3 billion
Growth Rate 3.2%
Dominant Segment Paper
Dominant Region North America

Key Market Drivers
• Innovative packaging designs
• Cost-effectiveness and efficiency
• Availability of customization and personalization

Companies Profiled
• Amcor Limited
• Mondi Group
• Sealed Air Corporation
• Berry Global Group, Inc.
• Huhtamaki Oyj
• Sonoco Products Company
• Winpak Ltd.
• Aptar Group, Inc.

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global confectionery flexible packaging market include.

• In May 2022, Italian Cama group is expected to demonstrate technologically advanced confectionery packaging machinery at IPACK- IMA 2022, which is expected to bring a technological revolution in packaging.
Some of the prominent players and suppliers operating and contributing significantly to the global confectionery flexible packaging market growth include Amcor Limited, Mondi Group, Sealed Air Corporation, Berry Global Group, Inc., Huhtamaki Oyj, Sonoco Products Company, Winpak Ltd., and Aptar Group, Inc., among others.

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RationalStat has segmented the global confectionery flexible packaging market based on product type, material, application and region
• Global Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Product Type
o Films & Wraps
o Pouches
o Sachets & Stick Packs
o Tubes
o Laminates
• Global Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Material
o Aluminum Foil
o Plastics
 PE
 PP
 PET
 PVC
 PA
 EVOH
 Bioplastics
o Paper
• Global Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Application
o Chocolate
o Candy & Toffees
o Gum
o Jelly
o Snack Bars
o Biscuits
• Global Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Region
o North America Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Confectionery Flexible Packaging Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Confectionery Flexible Packaging Report:
• What will be the market value of the global confectionery flexible packaging market by 2030?
• What is the market size of the global confectionery flexible packaging market?
• What are the market drivers of the global confectionery flexible packaging market?
• What are the key trends in the global confectionery flexible packaging market?
• Which is the leading region in the global confectionery flexible packaging market?
• What are the major companies operating in the global confectionery flexible packaging market?
• What are the market shares by key segments in the global confectionery flexible packaging market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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