With an expected average CAGR of 4.4% throughout the forecast period, the confectionery packaging market is poised for robust growth. Projected to generate revenue of US$ 11.37 billion in 2023, the market is on track to surpass this figure, reaching an estimated value of US$ 17.50 billion by 2033. This anticipated expansion underscores the continual demand for innovative and attractive packaging solutions within the confectionery industry, as consumer preferences and market dynamics evolve. The forecasted figures reflect a resilient market that adapts to changing trends and positions itself for substantial growth in the coming years.
The enticing multi-sensory experience created by confectionery packaging plays a pivotal role in driving impulse purchases, thereby positively influencing the confectionery packaging market. The overall uptick in demand for diverse confectionery items, including chocolate confectionery and sugar confectionery, serves as a significant catalyst, fueling the need for advanced and appealing confectionery packaging solutions.
Germany is poised to play a crucial role in capturing a significant share of Western European confectionery packaging, representing 6.1% of the global market in 2022. The high consumption of chocolate and sugar confectionery in the country, as reported by the Association of Chocolate, Biscuit, and Confectionery Industries of Europe (CAOBISCO), with figures reaching 9.2 kilos per head and 5.4 kilos per head in 2018, underscores the robust potential for growth in the confectionery packaging market within Germany. These consumption patterns indicate a positive trajectory for the confectionery packaging industry, driven by the strong demand for varied confectionery products in the region.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1101
- The latest packaging innovations with the usage of paper and bio-plastics are expected to transform confectionery packaging. Furthermore, the renewable and recycled materials used in designing customizable packaging solutions are also trending in the market.
- The expansion of the confectionery sector post-pandemic with new product launches in the market is increasing the sales of confectionery packaging solutions. Also, the brand’s commitment to limiting the environmental impact of its packaging is pushing them to innovate.
- Some of the vendors are focusing highly on the specialization of the packaging that they let the end user design their designs and texts. Alongside this, the lightweight, enhanced texture, and usage of a minimal amount of plastic are some of the key drivers for the market growth
- New packaging innovations for products like candies and chocolates such as twist-wrapped, double-layered, paper packaging are gaining traction in the market space. Some of these features include the usage of paper-based material and the matt & gloss effect.
Key Takeaways
- The United States market leads the confectionery packaging market in terms of market share in North America. The United States region held a market share of 17.3% in 2022. The growth in this region is attributed to expanding confectioneries, sustainable packaging businesses, and the government’s ban on limited plastic control. North American region held a market share of 18.7% in 2022.
- Germany’s market is another important market in Europe region. The market held a market share of 6.1% in 2022. The growth is caused by high tourist footfall and the existence of old popular confectioneries. Furthermore, Europe region also held a 36.4% global share in 2022.
- India’s confectionery packaging market thrives at a CAGR of 7.4% during the forecast period. The growth is attributed to high investments and innovative packaging businesses.
- China market also thrives at a CAGR of 6.5% between 2023 and 2033. The growth is caused by the government’s efforts for sustainable and eco-friendly packaging.
- Based on material type, the plastic material segment held the leading market share of 54.5% in 2022. The growth is attributed to high affordability, availability, and flexibility.
- Based on the confectionery type, the chocolate confectionery segment leads the market as it held a leading market share of 45.7% in 2022. The growth is caused by the high consumption of chocolate.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1101
Competitive Landscape:
The key vendors focus on delivering eco-friendly packaging that is custom-made. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Global Confectionery Packaging Market: Competitive Landscape
The report has outlined the key players operating in the global Confectionery Packaging market, including players such as
- Amcor Limited,
- Smurfit Kappa Group,
- Sealed Air Corporation,
- Bemis Company, Inc.,
- Crown Holdings, Inc., and
- Berry Global. , Inc.,
- Huhtamaki Oyj,
- Mondi Group,
- DS Smith Plc.,
- International Paper Company,
- Sonoco Products Company,
- WestRock Company,
- Clondalkin Group Holdings BV,
Recent Market Developments:
- Amcor plc has extended its snacks and confectionery range in Europe with barrier materials and packaging formats. These packaging formats are available for sweets, snacks, and nuts.
- Sealed Air Corporation has acquired Liquibox, a global leader in the flexible packaging industry. The acquisition is expected to dispense many solutions for fresh packaging innovations. The acquisition is expected to enhance the supply chains
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-1101
Confectionery Packaging Market by Category
By Packaging Type:
- Flexible Packaging
- Wrappers
- Stickpacks & Sachets
- Liners
- Pouches
- Rigid Packaging
- Folding Cartons
- Corrugated Boxes
- Trays
- Containers (Metal, Glass & Plastic)
By Material Type:
- Plastic
- Paper & Paperboard
- Metal
- Aluminum Foil
- Glass
By Confectionery Type:
- Chocolate Confectionery
- Countlines
- Slabs/Bars/Blocks
- Boxed Assortments
- Tablets
- Others(Confectionery with toys, seasonal chocolates)
- Sugar Confectionery
- Gums, Jellies & Pastilles
- Medicated Confectionery
- Mints
- Boiled Sweets
- Toffees, Caramel & Nougats
- Lollipops
- Other Sugar Confectionery
- Gums
- Chewing Gums
- Bubble Gums
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
