Confectionery Packaging Market Projected to Reach US$17.50 Billion by 2033: Rising Demand for Protective and Eye-Catching Packaging Drives Growth

Posted on 2024-04-29 by Future Market Insights in Advertising, Retail // 0 Comments

The global confectionery packaging market is poised for significant expansion, fueled by increasing demand for lightweight, protective, and visually appealing packaging solutions among confectionery manufacturers. According to forecasts, the market is expected to grow at an average compound annual growth rate (CAGR) of 4.4% during the forecast period, reaching a revenue of US$ 11.37 billion in 2023 and surpassing US$ 17.50 billion by 2033.

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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