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Confectionery Packaging Market to be Nearly $13,200 Million in 2027

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Future Market Insights, Valley Cottage, N.Y., USA, presents a new report titled Confectionery Packaging Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027 that studies the performance of the global confectionery packaging market during a 10 year assessment period from 2017 to 2027. The report presents the value and volume forecasts of the global confectionery packaging market and provides important insights into the factors driving market growth as well as the factors restricting market growth.

As per the assessment by Future Market Insights, the global confectionery packaging market was estimated to be valued at nearly $9,200 million in 2017 and is anticipated to touch a valuation of nearly $13,200 million in 2027, and in the process exhibit a CAGR of 3.7% during the period of forecast 2017-2027.

Incorporating anthropomorphic designs of attractive and popular characters into packaging has enabled sweets and candy brands to attract children and fans of such popular characters. Building candy packs in the shape of fictional characters help marketers to leverage the trending popularity of these fictional characters in attracting fans into buying these candies. The trend of anthropomorphic packaging is prevalent in markets with a considerable adoption of popular culture like comics, action, and adventure movies and other famous fictional characters. 

Local as well as international manufacturers of confectionery products regularly develop products in the shape of trending characters and source packaging that suits the shape of such products. Developing, designing and manufacturing anthropomorphic packaging requires packaging companies to possess custom manufacturing capabilities and also the ability to cost effectively run small volume batches.

The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging form, and region:
  • By confectionery type, the chocolate confectionery segment was estimated to be valued at nearly $4,100 million in 2017 and is likely to reach a valuation of nearly $6,100 million in 2027, exhibiting a CAGR of 4.1% during the period of assessment, 2017-2027.
  • By material type, the metal segment was estimated to be valued at nearly $660 million in 2017. The plastic segment is anticipated to remain the most attractive material type during the forecast period due to barrier properties such as moisture resistance, which is favorable for the packaging of confectionery such as chocolates and gums.
  • By packaging form, the flexible packaging segment was estimated to be valued at nearly $4,800 million in 2017 and is expected to witness a growth rate of 4.3% during the period of assessment.
  • By region, the Western Europe confectionery packaging market is anticipated to reach a valuation of $3,160 million in 2027, displaying a CAGR of 2.3% during the period of forecast.

In this report, some of the key players functioning in the global confectionery packaging market have been profiled, which include players such as Amcor, Smurfit Kappa Group, Sealed Air Corp., Bemis Co., Crown Holdings,  Berry Global, Huhtamaki, Mondi Group, DS Smith, International Paper, Sonoco Products, WestRock, Clondalkin Group Holdings, Schur Flexibles Holding, Ahlstrom-Munksjö, Bomarko, Printpack, Stanpac., MOD-PAC Corp. and Tomric Systems.

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