Confectionery Packaging Market Global Analysis Trends, Share, Size, Growth, Opportunity and Forecast 2019 - 2027
Confectionery refers to a wide range of sugar-based and baked sweet foods such as candies, toffies, gums, and so on. Confectionery packaging is an important part of food packaging because it protects food from contamination and preserves its nutritional value. The global confectionery packaging market is expected to expand significantly due to rising demand for chocolates, candies, and other confectionery items, particularly among children.
Confectionery packaging market value is increasing due to rising demand for confectionary items as a result of an ever-increasing population. Increasing demand for convenient packaging solutions, as well as the growth and expansion of the packaging industry, will drive up the value of the confectionery packaging market. Other indirect factors that will drive the confectionery packaging materials market growth rate include the growth and expansion of the e-commerce industry, particularly in developing economies, the increase in the number of retail stores, and rising personal disposable income. Increasing awareness of the biodegradability of packaging materials will also provide a long-term opportunity for growth.
Another factor expected to drive growth in the global confectionery packaging market is the increasing penetration of the e-commerce industry. Furthermore, the target market's growth is expected to be fueled by the increasing inclination of consumers toward packaged food as a result of modern lifestyle. The development of numerous packaging materials to meet changing consumer packaging preferences is expected to drive market growth. The confectionery market, on the other hand, is highly fragmented, with a number of providers spread across various regions. To some extent, the global confectionary packaging market's growth will be hampered by fierce competition from domestic players. Furthermore, stringent government and environmental regulations governing the use of plastic materials for packaging may limit the target market's growth.
The key manufacturers in the global Confectionery packaging market include International Paper Company, Amcor Limited, Smurfit Kappa Group, Sonoco Products Company, Bemis Company, Inc., WestRock Company, Crown Holdings, Inc., Berry Global, Inc., Mondi Group, Sealed Air Corporation, DS Smith Plc, Huhtamaki Oyj, and others.
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