From 2022 to 2032, the chocolate bars packaging is anticipated to expand at a CAGR of 6%. As of 2022, the market is worth US$ 48 billion. The market for packaging chocolate bars is anticipated to reach a value of US$85.96 billion by 2032.
Given that people usually buy chocolate on the spur of the moment, packaging is crucial to the success of chocolate bars. Chocolate needs packaging that specifically addresses the issue of maintaining quality at high temperatures because it is a heat-sensitive food. Multilayer packaging is widely used for chocolate bars.
A secondary layer of plastic wrapper or box is placed over a very thin primary layer of aluminium foil, which is then covered by a thin paper sheet. Producers use secondary packaging to raise brand awareness and inform consumers about the product and the company. The chocolate is protected by an aluminium layer in case the external packaging is damaged. Both a luxury good and a favourite snack, chocolate is loved. The manufacturer of the packaging makes use of a range of packaging materials and styles to describe the intended purpose of the chocolate bars.
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Market Dynamics for Chocolate Bar Packaging
Packaging innovations play an important part in increasing a product’s marketability. The packaging market is predicted to increase at a CAGR of 4% over the forecast period, with a market value of roughly US$ 824 billion. The use of chocolates for many kinds of festivities and occasions is a major factor driving chocolate demand and impacting the chocolate bar packaging market.
The need of preventing chocolate from losing its integrity during transportation and storage might be critical. The potential of packaging to classify chocolate as a luxury item or a common snack may help to sustain the chocolate bar packaging business.
Some major players of the chocolate bar packaging market are Swiss Pac Pvt. Ltd., ATP – Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.
Chocolate Bar Packaging Market: Regional Outlook
Regionally global chocolate bar packaging market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
Western Europe and Latin America region is expected to contribute for the major portion of chocolate bar packaging market over the forecast period owing to the cultural practices and consumer lifestyle supporting the demand for chocolates in the region. APEJ region is expected to follow the Western Europe owing to the presence of densely populated areas in the region. The demand for chocolate bar packaging market in North America is expected to grow at a steady rate. While MEA and Eastern Europe is expected to exhibit a sluggish demand for chocolate bar packaging market over the forecast period.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Chocolate bar packaging market is segmented by material type and by packaging type.
Based on the types of materials used, chocolate bar packaging market is segmented into:
- Paper
- Plastic
- LDPE
- PVC
- PET
- PE
- Foil
- Aluminum
Based on the types of packaging, chocolate bar packaging market is segmented into:
- Wrappers
- Boxes
- Secondary packaging (Pouches, Bags)
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