Confectionery Packaging Market Size, Share, Trends, Growth And Regulatory Landscape By 2024-2031 | Paper Company, Amcor Limited, Smurfit Kappa Group

The Confectionery Packaging Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Confectionery packaging includes boxes, wrappers, containers, flexible films, bags and pouches used for packaging of chocolates, candies, gums and other confectionery products. It protects products from damage and prevents contamination that could otherwise reduce the shelf life of packaged confectionery products.

Market Dynamics:

The confectionery packaging market is driven by increasing demand for sustainable and creative packaging solutions from confectionery manufacturers. About 30-40% of confectionery products undergo damage during transportation due to improper or inadequate packaging. Innovative packaging designs that are sustainable and ensure product safety during shipping are gaining popularity. Additionally, stand-up pouches and bags are preferred over rigid boxes by manufacturers as they require less material and storage space while providing good visibility of products. They are also easy to use for consumers. These factors are expected to boost the confectionery packaging market during the forecast period. Growing demand for on-the-go candy snacks will further propel the market growth between 2023 and 2030.

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Top Key Players are Covered in this Report:

★ Paper Company
★ Amcor Limited
★ Smurfit Kappa Group
★ Sonoco Products Company
★ Bemis Company Inc.
★ WestRock Company
★ Crown Holdings Inc.
★ Berry Global Inc.
★ Mondi Group
★ Sealed Air Corporation
★ DS Smith Plc
★ Huhtamaki Oyj
★ others.

Market Segmentation:

By Packaging Type:

★ Rigid
★ Semi Rigid
★ Flexible

By Applications:

★ Chocolate Bars
★ Sugar and Breads Confectionery
★ Toffies and Candies
★ Assorted Chocolates

By Material:

★ Paper and Board
★ Plastic
★ Glass
★ Metal

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Confectionery Packaging Market - Major Market Drivers:

1. Increasing Demand for Attractive and Functional Packaging from Consumers

The demand for confectionery items packaged in an attractive yet functional way is steadily rising among consumers. Customers want confectionery products to have aesthetically appealing packaging that protects the product and adds to the overall brand appeal. Confectionery manufacturers are thus focusing more on creative packaging designs, shapes, textures and materials to meet evolving consumer expectations. Various industries like flexible packaging and paper packaging are coming up with innovative solutions like re-sealable and tamper-proof wrappers, see-through bags and boxes to enhance product visibility and consumer experience.

2. Growing Demand for Sustainable and Eco-friendly Packaging Solutions

Today's discerning consumers are concerned about the environmental impact of excessive plastic packaging. They prefer brands that use sustainable materials and ensure minimal wastage during production. Confectionery manufacturers are responding to this trend by developing packaging made from recyclable, recycled and compostable materials. Options like paper wrappers, biodegradable multilayer laminates and bio-plastic boxes are gaining traction. Sustainable packaging plays a big role in enhancing a brand's green credentials and positively impacts purchase decisions of environmentally-conscious customers.

Confectionery Packaging Market - Major Market Restrain:

Stringent International Quality and Safety Standards for Food Contact Materials

Regulatory authorities worldwide have implemented stringent rules regarding the type of materials approved for direct food contact applications. Any packaging coming in contact with confectionery items needs to comply with various quality and composition standards set by organizations like FDA in USA and EFSA in Europe. Selecting packaging materials compliant with all global food safety regulations lengthens the product development cycle and increases costs for confectionery companies operating internationally. Unexpected policy changes regarding permissible substances can render existing packaging stock unusable, resulting in financial losses. Ensuring full compliance with evolving standards acts as a restraint for the confectionery packaging industry.

Confectionery Packaging Market - Major Market Opportunity:

Growing Demand in Emerging Economies of Asia Pacific and Middle East & Africa

The confectionery packaging market sees immense opportunity in developing nations experiencing rising disposable incomes and changing lifestyles. Countries like India, China, Indonesia, Saudi Arabia, UAE, South Africa etc. offer a huge untapped customer base with growing appetite for branded confectionery items. Local manufacturers as well as international brands are setting up production facilities in these regions and require advanced packaging solutions. The availability of affordable labour combined with proximity to new markets gives confectionery packaging companies an edge to capture a sizable share of the booming demand from Asia Pacific and MEA regions.

Confectionery Packaging Market - Major Trend:

Increasing Adoption of Digital Printing and Customization Technologies

Advanced digital printing allows confectionery brands to offer beautifully printed, customized wrapping solutions enhancing product promotion and brand engagement. Technologies like inkjet, toner-based and UV-LED printing enable on-demand personalization of wrappers, boxes and labels with variable designs, graphics and messages. This sparks customer interest and builds brand loyalty through unique and memorable packaging tailored for different celebrations, occasions and demographic segments. Compelling interactive elements printed digitally also boost product visibility on e-commerce platforms. The trend of incorporating personalized packaging using latest digital printing methods is steadily gaining traction in the confectionery industry.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Confectionery Packaging market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Confectionery Packaging market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Confectionery Packaging Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.