Sustainable Chocolate Packaging, Advanced Heat Prevention, and Cold-seal Packaging Solutions are Transforming the Chocolate Wrapping Films Market.

The chocolate wrapping films market is anticipated to thrive at an average CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 1,148.6 million by 2033, while it is likely to be valued at US$ 739.65 million in 2023.

• Higher packaging speed, better temperature control, and flexible and durable packaging style flourishes the market growth. Furthermore, the restoration of food and confectionery products is flourishing in market growth.
• The higher e-commerce penetration and increase in local chocolate vendors entering the market are increasing the sales of chocolate wrapping films. Alongside this, the higher demand for premium chocolates is also propelling the sales of chocolate wrapping films.
• Launching different styles of chocolates with occasion-based packaging also contributes to the market’s upward trajectory. The increase in supermarkets and hypermarkets is increasing the consumption of chocolate bars. The advent of cardboard-based luxury packaging is helping end-user brands innovate with their packaging styles, adding a more premium feel to the packaging texture.
• The green alternative, biodegradable, recycled, and sustainable material, is used for the upcoming packaging operations, limiting carbon emissions and pollution levels.
• The highly durable PVC, increasing manufacturing of packaging material, and the advent of wrapping film machines that produce 10X faster than the previous ones are likely to transform the market dynamics.

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Key Points

1. The United States market leads the North American chocolate wrapping films market in terms of market share in North America. The United States held a healthy market share in 2022. The factors attributed to the growth are the higher consumption of chocolate bars and the advent of chocolate bar alternatives. New sugar-free and vegan chocolates are expected to flourish in regional growth during the forecast period. North America secured a 21% share of the global market in 2022.
2. The German chocolate wrapping films market held a healthy market share of 8.3% in 2022. The market growth is caused by higher tourist footfall, new healthy chocolate brands, and government policies around new packaging solutions.
3. The Indian market thrives at a healthy CAGR between 2023 and 2033. The growth is attributed to international chocolate brands entering the market, new Indian brands with enhanced wrapping solutions, etc.
4. The chocolate wrapping films market is segmented into PET, PVC, and BOPP based on type, polyvinyl chloride (PVC) is leading the category.
5. Based on application type, white, dark, and milk are the key applications in the category.

Competitive Landscape

The key suppliers focus on environmentally friendly packaging along with thin and durable packaging. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Recent Market Developments

• Multifilm Packaging Corporation has been acquired by Transcontinental Inc., so that it can enhance its high-end confectionery business in North America.
• Swiss Pack United Kingdom has introduced the perfect packaging solutions for cold seal rolls, especially in chocolate bar packaging.

Key Regions Covered:

• North America
  • United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• Asia Pacific Excluding Japan
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• The Middle East and Africa
  • GCC Countries
  • Israel
  • South Africa
  • Middle East and Africa (MEA)

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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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