In 2022, the market for flexible packaging for confectionery is expected to reach a value of US$5.9 billion. By 2030, the market for flexible packaging for sweets is expected to reach US$ 7.6 billion thanks to a 3.2% CAGR in demand.
The confectionery flexible packaging market is growing in areas including the Asia Pacific, the Middle East, and Africa as a result of improved food processing and rising consumer desire for snacks and nibbles. Customers are being drawn in by improved product options with better product range and packaging.
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The population that is confined to their homes because to the epidemic is very reliant on food and snack delivery. Snack delivery is being pushed forward mostly by e-commerce. The demand for confectionery increased significantly in 2020–2021 as a result of the entry of numerous large food and grocery delivery companies. This pattern is anticipated to persist in the upcoming years, fueling demand for flexible packaging for confectionery.
Manufacturers are being forced to introduce recyclable candy packaging due to rising consumer desire and demand for sustainable food and packaging. The US population is predicted to increase from 1% in 2014 to over 10% in 2020 due to concerns about animal warfare, health advantages, and climate change. The HORECA industry has taken notice of this trend all around the world, with snack and confectionery makers creating vegan foods and refusing to use ingredients derived from animal products to satisfy a specialised market of consumers.
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It is anticipated that the vegan confectionery business would be very profitable and present prospects for manufacturers of snack and confectionery packaging. Over the projected period, this is anticipated to increase sales for flexible packaging for candy.
According to an FMI analyst, the market will continue to rise through 2030 as a result of advances in packaging technology and soaring demand for recyclable and leak-proof confectionery packaging.
Key Takeaways:
- Based on product type, sales in the films and wraps segment are forecast to increase at a 2.5% CAGR through 2030.
- Demand for bioplastics will increase by 1.4x over the assessment period.
- In terms of applications, sales in the jelly segment will grow at a 5.8% CAGR over the forecast period.
- Demand for confectionery flexible packaging in the U.S. will increase at a 2.9% CAGR through 2030.
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Confectionery flexible packaging manufacturers are introducing innovative and recyclable materials and formats to improve sales across the globe. They are also investing in mergers, acquisitions and collaborations to gain a competitive edge in the market. For instance:
- In May 2022, the 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.
- In January 2022, Amcor plc undertook customer perception on confectionery packaging and is now developing paper-based packaging products for the same market.
Key Players:
- WestRock Company
- DS Smith plc
- Sonoco Products Company
- Amcor plc
- Huhtamaki Oyj
- Constantia Flexibles Group GmbH
- Ahlstrom-Munksjö Oyj
Confectionery Flexible Packaging Market by Category
By Product Type:
- Films & Wraps
- Pouches
- Sachets & Stick Packs
- Tubes
- Laminates
By Material Type:
- Plastics
- PE
- PP
- PET
- PVC
- PA
- EVOH
- Bioplastics
- PLA
- PHA
- Starch Based Plastic
- Cellulose Fibers
- Other Plastics
- Paper
By Application:
- Chocolate
- Candy & Toffees
- Gum
- Jelly
- Snack Bars
- Biscuits
- Rest of Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
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