Confectionery Packaging Market (New Report) Revenue, Growth Rate and Competitor Outlook 2023-2030: 117 Pages Report

According to MRFR analysis, the global Confectionery Packaging Market is expected to register a CAGR of 3.30% from 2022 to 2030 and hold a value of over USD 10,901 million by 2030.

Increasing demand for confectionery items resulting from the ever-rising population is driving the growth in the confectionery packaging materials market value. Growing demand for convenient packaging solutions and growth and expansion of the packaging industry will further induce growth in the confectionery packaging materials market value. With the rising outbreak of the global pandemic of COVID 19 businesses have suffered massive losses which have pushed the economies toward forced recession. The rising wave of the global pandemic has suffocated the individual to fight financial crises along with health concerns. The situation of lockdown has resulted in the shutdown of most of the manufacturing units which leads to a steep downfall in the sales revenue of the confectionery packaging market all across the globe. The supply chain networks have also been disturbed which results in reduced profit margins. However, it is anticipated that the confectionery packaging industry will recover from this global pandemic of COVID-19 by strategizing properly to meet the requirements of their customers. Also, it is projected to recover at the end of the third quarter of the imminent year.

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Regional Analysis

North America region is dominating the confectionery packaging materials market and will continue to boost its trend of dominance during the forecast period owing to an increase in demand for premium chocolates.

Asia-Pacific will however register the highest CAGR for the estimated period. This is because of the growth and expansion of the confectionary industry, accessibility of raw materials, and increasing personal disposable income.

Market Segmentation

The Global Confectionery Packaging Market has been segmented into Material, Type, Application, and Confectionery Items.

Based on the Material, The Global Confectionery Packaging Market has been segmented into plastic material, paper material, metal material, and many other materials.

Based on the Type, The Global Confectionery Packaging Market has been segmented into flexible packaging type and rigid packaging type.

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Based on the Application, The Global Confectionery Packaging Market has been segmented into assorted chocolates, toffies and candies, sugar and bread confectionery, chocolate bars, and many others.

Based on the Confectionery Items, The Global Confectionery Packaging Market has been segmented into sugar confections, chocolate confections, flour confections, and many other confectionery items.

Key Players

Some of the key market players are lcoa Corporation, Bemis Manufacturing Company, Crown, Sonoco Products Company, CKS Packaging, Inc., ProAmpac., Mondi, Berry Global Inc., AptarGroup, Inc., Graham Packaging Company., AVERY DENNISON CORPORATION., WestRock Company., Graphic Packaging International, LLC, ALPHA PACKAGING, Avient Corporation, PDM Foam, Dart Container Corporation, and Silgan Holdings Inc., among other global players.

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