Press release
Snack Packaging Market to Hit USD 29.15 Billion by 2032
Snack Packaging Market
Snack packaging reflects quality, builds emotional connections, and enhances brand loyalty. It varies by snack type, shelf life, and sustainability goals. As modern life accelerates with longer commutes and increased workloads, demand for portable snack packaging that meets the needs of busy consumers is rising rapidly.
The COVID-19 pandemic had a limited impact on the food and beverage sector. Although plant shutdowns initially slowed growth, rising cases led consumers to stockpile snacks such as biscuits and bread, driving demand and boosting market growth.
Fortune Business Insightsโข provides this information in its research report, titled "Snack Packaging Market, 2024-2032".
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ :
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/snack-packaging-market-110542
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐:
โข Amcor Plc (Switzerland)
โข Huhtamaki Oyj (Finland)
โข Berry Global (U.S.)
โข Mondi (U.K.)
โข Sonoco (U.S.)
โข Sealed Air Corporation (U.S.)
โข Graham Packaging (U.S.)
โข American Packaging Corporation (U.S.)
โข C-P Flexible Packaging (U.S.)
โข ePac Flexible Packaging (U.S.)
โข Constantia Flexibles (Austria)
โข Winpak Ltd. (Canada)
โข ProAmpac LLC (U.S.)
โข WestRock (U.S.)
โข Eagle Flexible Packaging, Inc. (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Plastic Segment Dominates owing to Superior Freshness and Convenience
As per material, the market is fragmented into plastic, paper & paperboard, metal, and others. Plastic is the leading material segment and is poised to witness noteworthy growth during the forecast period. Plastic packaging enhances freshness and offers convenient features such as reusability and resealability, making it a popular choice for snack foods.
Bags and Pouches Segment Leads due to Improved Freshness and Protection
In terms of product type, the market is divided into films & wraps, boxes & containers, cans & jars, bags & pouches, and others. The bags and pouches segment dominates and is likely to witness exponential growth during the study period. Bags and pouches with high-barrier materials and resealable zippers guard against moisture, punctures, and odors, extending snack freshness.
Bakery and Confectionery Segment Dominates due to DIY and Small Bakery Trends
In terms of application, the market is divided into savoury snacks, nuts & dried fruits, chips, bakery & confectionery, and others. The bakery and confectionery segment holds the largest snack packaging market share. The rise in DIY cake-making and small bakeries is driving higher demand for bakery and confectionery products, boosting the need for specialized packaging solutions.
In terms of region, the market is categorized into Europe, North America, the Asia Pacific, Latin America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
This report offers an in-depth overview of the snack food packaging market, highlighting major players, competitive landscape, and product/service types. It features Porter's five forces analysis, market trends, and key industry developments, offering a detailed perspective on recent growth factors.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/snack-packaging-market-110542
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Increasing Utilization of Flexible Packaging for Snack Foods to Stimulate Market Growth.
Flexible packaging offers excellent protection against odors, oxygen, light, and heat, preserving snack freshness and reducing food waste. Add-ons such as zippers and reseal stickers ensure multiple servings while maintaining product quality. Moreover, lightweight, unbreakable, and easy-to-handle bags, pouches, and wraps maximize shelf space and enhance product visibility, driving the adoption of flexible packaging in the market.
However, shifting demands for healthier options and distinctive flavors create challenges for packaging manufacturers to keep up with changing consumer expectations, slowing snack packaging market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
North America Leads the Market Owing to Stringent Government Regulations on Snack Safety and Quality
Dominating the global snack packaging market, North America benefits from a growing food and beverage sector. Increasing demand for bakery, confectionery, and savory snacks, alongside stringent government regulations on snack safety and quality, fuels the region's market expansion.
Remarkable growth in Europe's snack packaging market is fueled by the demand for ready-to-eat foods and cereal-based products. Manufacturers are focusing on sustainable packaging materials such as paper and recycled plastic, driving market expansion.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Industry Participants Focus on Product Innovation to Provide Advanced Packaging Solutions
The global snack packaging market is characterized by high fragmentation and intense competition. Major players such as Huhtamaki Oyj, Amcor Plc, and Berry Global lead the market with innovative solutions, focusing on regional expansion and product innovation. The market report also showcases key developments by these industry leaders, along with the efforts of other companies delivering advanced packaging solutions.
Key ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
September 2022: Berry Global Group partnered with Mars Incorporated to launch lighter-weight PET jars with 15% post-consumer resin (PCR) for pantry-sized treats. This collaboration also introduced sustainable jars for M&M's, SKITTLES, and STARBURST brands.
https://www.fortunebusinessinsights.com/snack-packaging-market-110542
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐
https://www.fortunebusinessinsights.com/snack-packaging-market-110542
๐น๐๐๐๐๐๐ ๐น๐๐๐๐๐๐ -
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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