Future Market Insights (FMI) forecasts significant growth in the global confectionery packaging market, projecting a CAGR of 4.4% from 2023 to 2033. The market, valued at US$ 11.37 billion in 2023, is expected to exceed US$ 17.50 billion by the end of the forecast period. This growth is driven by increasing demand for lightweight, protective, visually appealing, and high-barrier packaging solutions among confectionery manufacturers worldwide.
The growing emphasis on lightweight, protective, self-appealing, and high-barrier packaging solutions is anticipated to drive sales in the confectionery packaging market. Confectionery manufacturers are increasingly prioritizing packaging that not only safeguards the integrity of their products but also enhances their visual appeal, thereby attracting consumers and driving purchase decisions.
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A Look Back, a Bite Forward: Market Trends
The market has witnessed steady growth, expanding at a CAGR of 3.8% historically. This is attributed to the surging popularity of confectionery products and the constant innovation in candy varieties. Confectionery manufacturers are prioritizing solutions that extend shelf life and preserve product quality, leading to increased adoption of diverse packaging formats.
Growth Drivers:
The confectionery packaging market is thriving due to several key factors:
- Consumption Across Generations: Confectionery delights consumers of all ages, driving the demand for innovative packaging solutions.
- Sugar-Free Options: The development of sugar-free confectionery products caters to diabetic consumers and further expands the packaging market.
- Small Wonders: The growing preference for customized and portion-controlled confectionery products fuels the demand for small-sized packaging. These convenient “on-the-go” options offer practicality and hygiene.
- Resealable Revolution: Re-closable pouches are gaining popularity as consumers seek options for portion control, especially with high-sugar treats. Additionally, these pouches enhance the visual appeal of products on store shelves.
Opportunities and Trends
The future of confectionery packaging is bright, with exciting opportunities on the horizon:
- Sustainable Indulgence: The use of sustainable materials like recyclable and reusable packaging presents significant growth potential.
- Customization Craze: The ability to offer more personalized packaging solutions will cater to evolving consumer preferences.
- Paper Power: The introduction of innovative and convenient paper-based packaging solutions is a key trend shaping the market.
- Resealable & Size Savvy: The increasing popularity of resealable packaging and small-sized formats for chocolates will continue to influence market trends.
The confectionery packaging market is a delightful blend of innovation, convenience, and sustainability. As consumers’ preferences evolve, manufacturers will continue to develop solutions that are both functional and visually appealing, ensuring a sweet future for the industry.
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Regional Outlook:
The United States is the star of the show in North American confectionery packaging, accounting for a whopping 93% of the regional market by 2027. This dominance is fueled by America’s insatiable sweet tooth, with confectionery sales reaching US$ 36.7 billion in 2020 alone. As candy consumption continues to climb, so does the demand for innovative and attractive packaging solutions.
Across the Atlantic, Brazil is emerging as a key player in Latin American confectionery packaging. The booming export market for Brazilian chocolates is creating significant growth opportunities for confectionery packaging manufacturers.
Meanwhile, Germany takes the cake in Western Europe. With a 6.1% share of the global market in 2022, Germany boasts a high candy consumption rate, particularly for chocolate and sugar confectionery. This strong consumer demand translates to a thriving market for confectionery packaging solutions.
From the US to Brazil and Germany, the global confectionery packaging market is being fueled by regional sweet tooths and a growing demand for innovative packaging.
Key Players:
- Amcor plc
- Smurfit Kappa Group
- Sealed Air Corporation
- Berry Global Group
- Huhtamaki Oyj
- DS Smith plc.
- Mondi plc.
- International Paper Company
- Sonoco Products Company
- WestRock Company
- Clondalkin Group Holdings B.V.
- SCHUR Flexibles Holding GmbH
- Ahlstrom-Munksjö Oyj
- Crown Holdings, Inc.
- Bomarko Inc.
- Printpack Inc.
- Stanpac Inc.
- MOD-PAC Corp.
- Tomric Systems, Inc.
- Constantia Flexibles Group GmbH
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Key Segments Covered
By Packaging Type:
- Flexible Packaging
- Wrappers
- Stick packs & 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
By Regions Covered:
- North America
- The United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- The 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
- The 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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