Press release
Snack Food Packaging Market: Exploring Growth, Key Players & Trends for 2024-2029
Snack Food Packaging Market Size
What Is The Projected Market Size Of The Global Snack Food Packaging Market And Its Growth Rate?
•The snack food packaging market size has grown strongly from $29 billion in 2024 to a projected $30.95 billion in 2025.
•The predicted compound annual growth rate (CAGR) is 6.7%.
•The growth mainly comes from increased health consciousness, robust economic growth in emerging markets, rapid ecommerce growth and a global demand for ready-to-eat products.
•The snack food packaging market size is expected to continue to grow strongly to $44.24 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%.
•Looking to the future, growth drivers include the influence of digital media marketing and social media, rising demand for savory and tasty snack food, increasing penetration of retail and rapid urbanization.
What Is Driving The Growth In The Snack Food Packaging Market?
The surge in consumption of ready-to-eat food is propelling the growth of the snack food packaging market. Highly convenient, ready-to-eat meals require snack food packaging and can be heated and served quickly, making them a popular alternative to traditional cooked food. For instance, the United States Department of Agriculture noted that the total value of US processed food products exported from the country increased to $36.59 billion in 2023, a rise of 1.7% compared to previous years. This indicates that the consumption of ready-to-eat food is on the increase, which will continue to push the snack food packaging market growth.
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Who Are the Key Players Driving Snack Food Packaging Market Growth?
•Amcor Plc
•The Smurfit Kappa Group plc
•Sonoco Products Company
•Huhtamaki OYJ
•Sealed Air Corp
•Berry Global Inc
•Constantia Flexibles Group GmbH
•Mondi Plc
•Graham Packaging Holdings
•Bryce Corporation
And many others.
What Are The Key Trends In The Snack Food Packaging Market?
Companies are focused on key trends including:
•Developing new sustainable packaging products.
•Focusing on case packing to offer integrated and automated packaging room solutions.
•Leveraging digital printing technologies for packaging.
•Focusing on transparency in snack packaging.
•Partnerships and collaborations to expand product portfolios and geographic presence.
What Are The Segments Of The Global Snack Food Packaging Market?
1) By Packaging Type: Flexible Packaging, Rigid Packaging
2) By Material: Plastic, Paper, Metal, Other Materials
3) By Application: Bakery Snacks, Candy and Confections, Savory Snacks, Nuts, Dried Fruits, Other Applications
Which Region Leads The Snack Food Packaging Market?
In 2024, Asia-Pacific was the largest region in the snack food packaging market. The regions covered in this snack food packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Snack Food Packaging Market Global Market Report?
- Market Size Analysis: Analyze the Snack Food Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Snack Food Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and the competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions from different segments to the overall Snack Food Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Snack Food Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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