PUBLISHER: IMARC | PRODUCT CODE: 1379197
PUBLISHER: IMARC | PRODUCT CODE: 1379197
The global confectionery and bakery packaging market size reached US$ 108.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 150.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2022-2028. The escalating sales and consumption of confectionery and bakery goods, the rising adoption of lightweight, protective, and high-barrier packaging, and the advent of environment-friendly and anti-microbial packaging solutions represent some of the key factors driving the market.
Confectionery and bakery packaging refer to various materials used to enclose and pack food items while protecting them from physical, environmental, and chemical damage. They serve as a barrier safeguarding the packaged contents from various external factors to prevent microbial spoilage and contamination. Some commonly used packaging solutions include wraps, films, containers, stand-up pouches, jars, and bottles. These materials usually exhibit superior resistance to water vapor and gas, strength, resilience, and heat sealability. Owing to these properties, they aid in ensuring quality and freshness, preserving the original taste and texture, and extending the shelf life of confectionery and bakery goods. They also provide a surface for printing and conveying product information, such as manufacturing and expiration date, ingredients, and brand logo. In addition to protection purposes, confectionery and bakery packaging solutions are gaining immense popularity in enhancing the aesthetic appeal of products.
As a result of evolving consumer dietary habits, changing tastes and preferences, and inflating expenditure capacities, there is a surge in demand for ready-to-eat (RTE) food items worldwide. This, coupled with the escalating sales and consumption of confectionery and bakery products, such as chocolates, candies, cookies, donuts, cakes, ice creams, and frozen desserts, represents the primary factor driving the market growth. Moreover, there is a rise in the adoption of lightweight, protective, and high-barrier packaging solutions that provide improved convenience, easy handling, and enhanced aesthetic appeal. Along with this, the growing need for prolonged product shelf life and elevating hygiene standards are accelerating the adoption of confectionery and bakery packaging. Additionally, ongoing technological advancements, including the development of novel packaging equipment that offers higher production and filling speeds and better sealing efficiencies, are augmenting the market growth. Furthermore, the leading manufacturers are focusing on research-related activities to enhance the functionality and heat and puncture resistance of packaging materials. In line with this, continual product innovations, such as the launch of environment-friendly, recyclable, and biodegradable packaging solutions owing to the shifting focus toward sustainability, have propelled the market growth. Other factors, including the increasing demand for small, flexible, and re-closable pouches due to the emerging trend of on-the-go consumption, the advent of anti-microbial packaging solutions, rising consumer preference for packaged foods, and rapid proliferation of online retail channels, are also anticipated to fuel the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the global confectionery and bakery packaging market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.
The report has provided a detailed breakup and analysis of the confectionery and bakery packaging market based on the type. This includes paper packaging, glass packaging, plastic packaging, and others. According to the report, paper packaging represented the largest segment.
A detailed breakup and analysis of the confectionery and bakery packaging market based on the application has also been provided in the report. This includes confectionery and bakery. According to the report, confectionery accounted for the largest market share.
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for confectionery and bakery packaging. Some of the factors driving the North America confectionery and bakery packaging market included its changing consumer dietary habits, rising sales of packaged food products, increasing investments in the launch of innovative packaging solutions by key players, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global confectionery and bakery packaging market. Detailed profiles of all major companies have been provided. Some of the companies covered include Amcor Plc, Berry Global Inc (Berry Global Group, Inc), Bomarko Inc, Crown Holdings, Inc, Huhtamaki Oyj, Mondi Group, Sonoco Products Company, Stanpac Inc, Westrock Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.