The confectionery packaging market is expected to grow at a CAGR of 3.8% in the global market during the forecasted period.
The sales of confectionery packaging are anticipated to register a Y-o-Y growth of 3.8% in 2022 over 2021 reaching US$ ~10.9 Bn. The chocolate confectionery segment followed by sugar confectionery segment, collectively are estimated to hold around 89% of the market value share in 2022.
Besides this, APEJ and Western Europe regions are projected to be the regions generating high demand for confectionery packaging. Both the region collectively are anticipated to hold around 52% of the market share by the end of 2027.
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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,
Schur Flexibles Holding GesmbH, Ahlstrom-Munksjö Oyj, Bomarko Inc., Printpack Inc., Stanpac Inc., MOD-PAC Corp. and Tomric Systems, Inc.
Anthropomorphic packaging to harness consumer appeal to pop culture characters driving market trends in North America
By incorporating the anthropomorphic designs of attractive and popular characters into their packaging, confectionery and candy brands have been able to attract children and fans of these popular characters. Creating candy packs in the shape of fictitious characters allows marketers to take advantage of the rise in popularity of these fictitious characters to convince fans to buy candy.
The trend of anthropomorphic packaging is widespread in the market, with significant adoption of pop culture such as cartoons, action and adventure films, and other famous fictional characters. Domestic and international manufacturers of confectionery products regularly develop their products in the form of trend characters and develop sauce packaging tailored to the form of such products.
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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
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Table of Content :
1. Executive Summary
1.1. Global Market Overview
1.2. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Coverage
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
TOC to be continued…
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Packaging Bins Market: https://www.futuremarketinsights.com/reports/packaging-bins-market
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The post Global Confectionery Packaging Market is Estimated at US$ 10.9 Bn in 2022 & is projected to reach US$ 13.2 Bn by 2027 at a CAGR of 3.8%, projects FMI appeared first on Future Market Insights.
