The global confectionery flexible packaging market is forecast to reach a valuation of US$ 5.9 Billion in 2022. Sales of confectionery flexible packaging are slated to grow at a 3.2% CAGR, with the market size reaching US$ 7.9 Billion by 2030.
In 2021, Switzerland’s chocolate industry flourished, boasting an impressive turnover of US$1.8 billion, as reported by the Association of Swiss Chocolate Manufacturers. Furthermore, Swiss chocolate exports saw a remarkable uptick, surging by 10.8% during the same year.
Switzerland has solidified its status as a key player in the European confectionery market, particularly as a leading exporter. Notably, the country dispatched 25.7 thousand tonnes of chocolate to Germany and 7.8 thousand tonnes to the United States, underscoring its global reach and influence.
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The Major Key players Are:
- WestRock Company
- DS Smith plc
- Sonoco Products Company
- Amcor plc
- Huhtamaki Oyj
- Constantia Flexibles Group GmbH
- Ahlstrom-Munksjö Oyj
- Bomarko Inc.
- Printpack Inc.
- Stanpac Inc.
Competitive Landscape
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.
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Key Segmentations:
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
- Middle East and Africa (MEA)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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