New York, NY, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Confectionery Packaging Market by Material Type (Plastics, Paper & Paperboard, Aluminum, and Others), by Packaging Type (Rigid and Flexible), and by Application (Sugar Confectionery, Chocolate Confectionery, Premium Confectionery, Dairy Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global confectionery packaging market was valued at approximately USD 4.51 billion in 2018 and is expected to generate around USD 6.3 billion by 2025, at a CAGR of around 7.88% between 2019 and 2025.
Confectionery packaging is appropriate product packaging for gums, chocolates, bread, etc. Confectionery packaging includes stand-up pouches, lids, laminates, mono film-shaped bags, etc. Packaging is the most crucial step in the food packaging process as it helps in retaining the taste and quality of food items.
Browse through 42 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Confectionery Packaging Market Size 2018: Industry Share, Trends Analysis and Forecast to 2025”.
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The global confectionery packaging market is likely to grow significantly in the years ahead, owing to the flourishing packaging industry globally. As the internet is becoming an essential part of one’s daily life, the growth of the e-commerce industry is evident. This is the primary factor likely to boost the global confectionery packaging market. The thriving e-commerce sector has increased the demand for chocolates and other confectionery items.
By material type, the confectionery packaging market is segmented into plastics, paper and paperboard, aluminum, and others. The plastics segment is expected to dominate the confectionery packaging market over the estimated timeframe, owing to the various characteristics exhibited by plastics, as they help in increasing the shelf life of products. By packaging type, this global market is bifurcated into rigid and flexible. Flexible packaging type is projected to dominate this global market in the upcoming years, due to the growing consumer preference for convenient and easy packaging. By application, this market includes chocolate confectionery, premium confectionery, sugar confectionery, dairy products, and others. Chocolate confectionery packaging is likely to dominate this global market in the future, owing to the huge sale of chocolate confectionery online as compared to the other confectionery items.
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By region, the North American region contributed a major revenue share to the global confectionery packaging market in 2018 and is expected to continue its regional dominance in the upcoming years as well. This regional growth can be attributed to the growing demand for lightweight confectionery packaging food products across the region and the increasing acceptance of bio-plastics due to stringent government rules and regulations.
The Asia Pacific confectionery packaging market is projected to grow at the highest rate over the forecast timeframe. This regional growth can be attributed to the rising regional population. Confectionery items are consumed by a large section of the population, particularly children and youth. This is the primary factor likely to drive the Asia Pacific confectionery packaging market growth in the upcoming years.
Browse the full “Confectionery Packaging Market by Material Type (Plastics, Paper & Paperboard, Aluminum, and Others), by Packaging Type (Rigid and Flexible), and by Application (Sugar Confectionery, Chocolate Confectionery, Premium Confectionery, Dairy Products, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/confectionery-packaging-market
Europe is expected to offer significant growth opportunities in the global confectionery packaging market in the years ahead. This can be attributed to the swift growth of the region’s food and beverage industry and substantial advancements made in the packaging techniques by the manufacturers and other organizations.
Some industry players of the global confectionery packaging market include Smurfit Kappa Group, Bemis Company Inc., Printpack Inc., Sonoco Products Company, Amcor Limited, Sealed Air Corporation, International Paper Company, Crown Holdings, Inc., WestRock Company, and Berry Global, Inc., among others.
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This report segments the global confectionery packaging market into:
Global Confectionery Packaging Market: Material Type Analysis
- Plastics
- Paper and Paperboard
- Aluminum
- Others
Global Confectionery Packaging Market: Packaging Type Analysis
- Rigid
- Flexible
Global Confectionery Packaging Market: Application Analysis
- Sugar Confectionery
- Chocolate Confectionery
- Premium Confectionery
- Dairy Products
- Others
Global Confectionery Packaging Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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