Confectionery Flexible Packaging Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Product Type, Raw Material, and Region

Confectionery Flexible Packaging Market was valued at US$2.85 Bn. in 2021. Global Confectionery Flexible Packaging Market size is estimated to grow at a CAGR of 5% over the forecast period.
Confectionery Flexible Packaging Market Overview:
Confectionery Flexible Packaging Market is driven by the sales and consumption of confectionery and other food items. The increase in sales of candies and snacks in E-Commerce stores is a testament to the increasing popularity and consumption of confectionery items and therefore points towards estimation of the growth of the Confectionery Flexible Packaging Market in the forecast period. Further, according to the data provided by Mondelez International in their “2021 State of Snacking Report”, more than half of their consumer base started buying snacks online and a good percentage of them plan to continue (69%). The combination of an increase in consumption of confectionery items coupled with the increased awareness of environment-friendly packaging items is an ideal combination for the growth of the Confectionery Flexible Packaging Market.

The Confectionery Flexible Packaging Market because using biodegradable and reusable items such as paper, aluminium foil and bioplastics is a promising alternative to the more conventional non-environment friendly packaging methods used. Brands are now looking forwards to designing packaging materials that can be used in a circular economy through the process of recycling and reusing. All these factors lay down a good prediction of the growth of the Confectionery Flexible Packaging Market.



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Confectionery Flexible Packaging Market Dynamics:
The Confectionery Flexible Packaging Market is driven by the sales of confectionery food items. Impulse buying is considered to be the driving factor behind most decisions for packaged confectionery food items. As a result, manufacturers design their products aesthetically in appealing and striking colors. They actively look for ways of providing unique experiences to their customers.

Resealable packaging, the way to go:

One of the primary challenges in confectionery packaging is achieving the ideal conditions in order to enhance product shelf lives. The implementation of the same while ensuring barrier properties as well as maintaining the aesthetics and quality of the packaging are the key factors that drive the packaging decisions for the confectionery market and therefore severely affect the Confectionery Flexible Packaging Market.

Resealable packaging allows for the convenient re-use of the packaging body as a storage container while creating an effective boundary that helps in maintaining the product’s quality, taste and flavor. Therefore, resealable flexible packaging options are predicted to drive the growth of the Confectionery Flexible Packaging Market.

Sustainable Flexible Packaging materials, a vital vantage point:

It is now easier to make a sustainable flexible package because to advancements in various packaging materials and technologies. With mono-materials, newer packaging equipment can optimize conversion and assist in maintaining consistent sealing temperatures more effectively than older machines could. There have also been advancements in packaging films that enable greater package integrity and a little larger heat differential than standard polyethene.

The appropriate packaging partners can help you overcome obstacles on your way to creating a sustainable, consumer-friendly product. Finding appropriate closures that were straightforward to add or remove from the package was previously an issue. New closures improve the quality and general utility of a sustainable package with better technology and creativity.
Confectionery Flexible Packaging Market Segment Analysis:
Based on the Raw materials, the Confectionery Flexible Packaging Market is segmented into Paper, Aluminium Foil, Plastic and Bioplastics. The plastic segment held around half of the market share because of its properties such as the ability to provide protection to the food items with minimum amounts of plastic usage, ability to tolerate high temperature and pressures while still offering protection from UV rays, dust and moisture. Plastics used are high-grade FDA approved polymers such as PVC, Polyamide, and Polyethylene etc. The awareness caused due to environmental impacts and non-reusability combined with the research and development in bioplastics and paper-based packaging options are good predictors of growth in the other segments in the forecast period. The research being done in nanotechnology to provide advanced protective and preservative properties to confectionery products, albeit the commercialisation of the same will take it’s due time.

Based on the Product Type, the Confectionery Flexible Packaging Market is segmented into stick pads and sachets, and pouches. Stick pads and Sachets held the largest market share in the year 2021. They are commonly made of thin metal sheets, plastics and sometimes paper. They provide excellent transportation and preservative resilience and are therefore used in the packaging of a wide variety of confectionery products such as candies, biscuits etc.


Confectionery Flexible Packaging Market Regional Insights:
The Asia Pacific region held the largest market share in 2021. The significant market share can be attributed to the growth of the confectionery market in the region along with the population density and the availability of raw materials for the production of packaging materials in the region. China is predicted to be the world leader in the production of Flexible Packaging materials because of the easy availability of raw materials because of its industrial power and low-labour costs.

The North American region is also expected to contribute significantly to the Confectionery Flexible Packaging Market. This is because of the prevalence of confectionery items in the region as well as the market penetration of multiple confectionery brands.

The Latin America region is projected to be driven by Brazil because of the profound opportunities in the country that cater to confectionery items leading the country to contribute to more than 50% of the region’s share in the Confectionery Flexible Packaging Market.

The objective of the report is to present a comprehensive analysis of the global Confectionery Flexible Packaging Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Confectionery Flexible Packaging Market dynamic, structure by analyzing the market segments and projecting the Confectionery Flexible Packaging Market size. Clear representation of competitive analysis of key players by price, financial position, product portfolio, growth strategies, and regional presence in the Confectionery Flexible Packaging Market make the report investor’s guide.
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Global Confectionery Flexible Packaging Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.85 Bn.


Forecast Period 2022 to 2027 CAGR:
5%
Market Size in 2027:
US $ 3.82 Bn.


 Segments Covered:
by Raw Material
• Paper
• Aluminum Foil
• Plastic
• Bioplastic


by Product Type
• Stick Pads and Sachets
• Pouches



Confectionery Flexible Packaging Market by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Confectionery Flexible Packaging Market Key Players
• Amcor plc(Switzerland)
• Smurfit Kappa Group (Ireland)
• Sealed Air Corporation (US)
• Berry Global Group (US)
• Huhtamaki Oyj (Finland)
• DS Smith plc. (UK)
• Mondi plc. (UK)
• International Paper Company (US)
• Sonoco Products Company (US)
• WestRock Company (US)
• Clondalkin Group Holdings B.V. (Netherlands)
• SCHUR Flexibles Holding GmbH (Austria)
• Ahlstrom-Munksjö Oyj (Finland)
• Crown Holdings, Inc. (US)
• Bomarko Inc. (US)

Frequently Asked Questions:

1] What segments are covered in the Global Confectionery Flexible Packaging Market report?
Ans. The segments covered in the Confectionery Flexible Packaging Market report are based on Raw Material and Product Type.

2] Which region is expected to hold the highest share in the Global Confectionery Flexible Packaging Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Confectionery Flexible Packaging Market.

3] What is the market size of the Global Confectionery Flexible Packaging Market by 2027?
Ans. The market size of the Confectionery Flexible Packaging Market by 2027 is expected to reach US$ 3.82 Bn.

4] What is the forecast period for the Global Confectionery Flexible Packaging Market?
Ans. The forecast period for the Confectionery Flexible Packaging Market is 2022-2027.

5] What was the market size of the Global Confectionery Flexible Packaging Market in 2021?
Ans. The market size of the Confectionery Flexible Packaging Market in 2021 was valued at US$ 2.85 Bn.