Global Confectionery Packaging Materials Market, By Type (Foam, Film and Sheet, Bags and Closures, Jars and Others), Material Type (Plastic, Paper and Paperboard, Metal, Aluminium Foil and Glass), Packaging Type (Flexible Packaging and Rigid Packaging), Confectionery Type (Chocolate Confectionery, Sugar Confectionery, Gums and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Confectionery Packaging Materials Market
Data Bridge Market Research analyses that the confectionery packaging materials market will project a CAGR of 4.35% for the forecast period of 2021-2028. Rising expenditure for technological advancements in innovative packaging solutions, growth and expansion of confectionary industry, especially in the developing economies and upsurge in the demand for new and delicious confectionary items are the factors driving the growth of confectionery packaging materials market.
From the name itself, the role of confectionery packaging materials is clear. The confectionery packaging materials are those materials that are used to package a wide variety of confectionary items. The confectionery packaging materials are spill-proof and protect the items against any kind of contamination. The confectionery packaging materials further offer portability and convenience in handling.
Rising demand for confectionary items resulting from ever-rising population is driving the growth in the confectionery packaging materials market value. Increasing demand for convenient packaging solutions and growth and expansion of the packaging industry will further induce growth in the confectionery packaging materials market value. Growth and expansion of e-commerce industry, especially in the developing economies, growth in the number of retail stores and increasing personal disposable income are some other indirect factors that will also promote the confectionery packaging materials market growth rate. Increasing awareness about the biodegradability of packaging materials will also provide an opportunity for growth in the long run.
However, fluctuations in the cost and availability of raw materials will create hindrances for the confectionery packaging materials market growth rate. Decline in the demand for sweet and confectionary products owing to rising health awareness will further dampen the confectionery packaging materials market growth rate. Rising environmental concerns and stringent regulations pertaining to the use of plastic will also derail the confectionery packaging materials market growth rate.
This confectionery packaging materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on confectionery packaging materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Confectionery Packaging Materials Market Scope and Market Size
The global confectionery packaging materials market is segmented on the basis of type, material type, packaging type and confectionary type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with a valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the confectionery packaging materials market is segmented into up to foam, film and sheet, bags and closures, jars and others.
- Based on material type, the confectionery packaging materials market is segmented into plastic, paper and paperboard, metal, aluminium foil and glass.
- On the basis of packaging type, the confectionery packaging materials market is segmented into flexible packaging and rigid packaging.
- Based on confectionary type, the confectionery packaging materials market is segmented into chocolate confectionery, sugar confectionery, gums and others.
Global Confectionery Packaging Materials Market Country Level Analysis
The global confectionery packaging materials market is analysed, and market size insights and trends are provided by country, type, material type, packaging type and confectionary type as referenced above.
The countries covered in the confectionery packaging materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is dominating the confectionery packaging materials market and will continue to flourish its trend of dominance during the forecast period owing to rise in demand for premium chocolates. Asia-Pacific will however register the highest CAGR for the forecast period. This is because of the growth and expansion of confectionary industry, availability of raw materials and increasing personal disposable income.
The country section of the confectionery packaging materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Confectionery Packaging Materials Market Share Analysis
The confectionery packaging materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to confectionery packaging materials market.
The major players covered in the confectionery packaging materials market report Amcor plc, Honeywell International Inc., Alcoa Corporation, Bemis Manufacturing Company, Crown, Sonoco Products Company, CKS Packaging, Inc., ProAmpac., Mondi, Berry Global Inc., AptarGroup, Inc., Graham Packaging Company., AVERY DENNISON CORPORATION., WestRock Company., Graphic Packaging International, LLC, ALPHA PACKAGING, Avient Corporation, PDM Foam, Dart Container Corporation and Silgan Holdings Inc., among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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