Confectionery Packaging Market Size, Share & Industry | 2031

Report Description

The global confectionery packaging market size was USD 11.16 Billion in 2022 and is anticipated to reach USD 14.95 Billion by 2031, expanding at a CAGR of 3.3% during forecast period, 2023 to 2031. The growth of the market is attributed to the increasing demand for confectionery items in developing countries.

Confectionery is referred to as the art of making confections, which are elaborate food dishes made by using sugar and carbohydrates as binding mediums. Confectionery is divided roughly into the following categories: sugar confectionery, flour confectionery, chocolate confectionery, milk confectionery, and others. Some of the popular confectionery items include caramels, chocolates, fudge, marshmallows, lollipops, candy canes, peppermint drops, jelly, rock candy, and others, which are made with different flavors, ingredients, shapes, and textures. Confectionery products are mainly used as gifts to exchange between family, friends, and others on special occasions, festivals, and others. The confectionery products, which are packed in attractive and durable packaging are used for gifting purposes.

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Packaging solutions used for confectionery products use various raw materials such as plastic, paper, aluminum foil, paperboard, and others. Various types of packaging solutions such as boxes, trays, pouches, sachets, wrappers, cartons, and others are used for different types of confectionery items. For example, chocolates are packed in boxes, trays, or wrappers. Gums, jellies, or peppermint drops are packed in wrappers, pouches, and sachets. Small pouches and sachets are used to pack small quantities of confectionery products. Confectionery packaging solutions are used to make products attractive to consumers. Increasing technological advancements in the packaging industry facilitate innovative packaging solutions to keep the products fresh for a long time.

Confectionery products packed in various packaging accordingly make it convenient to carry or transport them. Attractive designs, colors, and other features used on the packaging make confectionery products stand out on the shelf. Confectionery packaging has useful and important information printed on them such as packaging date, expiry date, price, QR codes, list of ingredients, and others. Such information makes it easy for consumers to select products according to their needs.

The COVID-19 pandemic situation affected the global confectionery packaging market negatively. The lockdown, social distancing norms, travel bans, and other pandemic restrictions resulted in the shutting down of several confectionery factories and packaging units. The unavailability of raw materials, the disruption of the supply chain, government trade restrictions, the downfall in sales revenue, and reduced profit margins affected the global confectionery packaging market negatively. The preferences and buying habits of consumers shifted from confectionery items to healthy and essential items. However, the slack in pandemic-related restrictions and regulations in recent years is expected to boost the global confectionery packaging market across the globe.

Confectionery Packaging Market Dynamics

The confectionery packaging research report presents a complete global market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The confectionery packaging market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.

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Major Trends

Increasing demand for sugar-free confectionery items is one of the key market trends

The cases of obesity, blood pressure, and diabetes have increased in recent years. Increasing consumption of confectionery products adds to these health-related issues. Therefore, the demand for sugar-free confectionary products is increasing in recent years. Sugar-free confectionery items are one of the key trends, which are expected to boost the global confectionery packaging market.

Key Drivers

• Surging demand for confectionery products across the globe drives the global confectionery packaging market

Rapid urbanization, increasing personal disposable income, and changing tastes among consumers are some of the key factors influencing the demand for confectionery products across the globe. Surging demand for various confectionery products with various types, shapes, and tastes used as gifts on several occasions fuels the global confectionery packaging market.

• Growing demand for convenient packaging solutions spurs the global confectionery packaging market

Consumers prefer packaging solutions that are easy to open and offer other packaging features such as durability, ease of transport, extended product shelf life, and others. The rising demand for convenient and user-friendly packaging is estimated to fuel the global confectionery packaging market in the coming years.

Existing Challenges

• Cost fluctuations and unavailability of raw materials hamper the global confectionery packaging market growth

Special and unique raw materials needed for confectionery goods as well as for confectionery packaging are not always available, which can fluctuate their costs. These factors are expected to hinder the global confectionery packaging market growth in the coming years.

• Rising health-conscious population hinders the global confectionery packaging market growth

Increasing awareness regarding the negative effects of excessive consumption of confectionery products such as tooth decay, obesity, blood pressure, and others have decreased the demand for confectionery products across the globe. A rising number of the health-conscious young population prefer consuming few confectionery items, which hampers the global confectionery packaging market growth.

Emerging Opportunities

• Growing demand for innovative packaging solutions offers growth opportunities

The preference of consumers is shifting from plastic packaging solutions to biodegradable packaging solutions, as they are environmentally friendly. Several consumers prefer to get on-the-go confectionery items to enjoy at any time, on travel, and others. Several manufacturers are coming up with unique packaging solutions such as re-sealable confectionery pouches and others. The rising demand for innovative and technologically advanced packaging solutions offers growth opportunities to key market players.

Scope of Confectionery Packaging Market Report

The report on the global confectionery packaging market includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Confectionery Packaging Market Segment Insights

Plastic segment drives the market

In terms of material types, the global confectionery packaging market is divided into metal, plastic, paper & paperboard, glass, aluminum foil, and others. The plastic segment is projected to hold a key market share during the forecast period, as plastic is the most commonly used raw material in the packaging industry. Plastic is lightweight, moisture resistant, inexpensive, durable, and provides the necessary protection to food items from outer destructive elements such as UV rays, dust, and others. It has the ability to withstand changing temperatures and pressures. These are the key factors influencing the plastic segment growth.

The paper & paperboard segment is projected to expand rapidly in the coming years, owing to rising awareness of the negative effects of plastic on the environment. The demand for paper & paperboard in the packaging industry as raw materials is increasing, as paper & paperboard are degradable and easy to dispose of. These are the key points furling the paper & paperboard segment growth.

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Flexible packaging segment to grow rapidly

Based on packaging types, the global confectionery packaging market is bifurcated into rigid packaging and flexible packaging. The rigid packaging segment is further divided into boxes, trays, containers, cartons, and other subsegments. The flexible packaging market is further divided into pouches, sachets, liners, wrappers, and other subsegments.

The flexible packaging segment is projected to register a high CAGR during the forecast period, as this type of packaging is easy to carry around and consumers can enjoy an on-the-go consumption experience. Flexible packaging solutions such as pouches, sachets, and others aid consumers in controlling their calorie intake, as the number of obesity and diabetes cases has increased in recent years. Flexible packaging solutions are convenient, hygienic, and user-friendly, which increases the demand for confectionery products wrapped in flexible packaging. These are some of the major points driving the flexible packaging segment growth.

The rigid packaging segment is anticipated to expand in the coming years, as confectionery items packed in boxes, trays, cartons, and others are mainly used as gifts to give on various occasions. Consumers prefer to give chocolates in boxes, containers, trays, and others with different decorative materials at different festivals such as Christmas and Easter. This is a major factor spurring the rigid packaging segment growth.

Chocolate confectionery segment holds a key market share

On the basis of applications, the global confectionery packaging market is segmented into sugar confectionery, chocolate confectionery, gums, and others. The chocolate confectionery segment is expected to hold a large market revenue share during the forecast period, due to the increasing consumption of chocolate across the globe. Chocolate is a popular gift choice to give on various occasions, festivals, and others.

This factor boosts the demand for premium, dark, and expensive chocolates across the globe. Rapid urbanization, increasing disposable income, and changing taste preferences among consumers are some of the major reasons driving the chocolate confectionery segment growth. Increasing internet penetration, growing usage of smart devices, and rising number of online platforms selling chocolates spur the demand for chocolates and fuel the global confectionery packaging market growth.

Confectionery stores segment to expand rapidly

In terms of end-users, the global confectionery packaging market is segregated into confectionery stores, confectionery factories, and others. The confectionery stores segment is estimated to register growth during the forecast period, owing to an increasing number of small-scale and home-based confectionery stores across the globe. These small-scale businesses and stores specializing in various confectionery items use various types of packaging materials and types to make their products attractive to consumers.

The confectionery factories segment is anticipated to expand in the coming years, owing to increasing demand for confectionery items such as chocolates, candies, gums, and others across the globe. Confectionery factories adopt various types of packaging types and materials to make the confectionery items durable and easy to transport. These factories use various types of packaging solutions to extend the shelf life of products and make them attractive to customers.

Asia Pacific to dominate the market

On the basis of regions, the global confectionery packaging market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The confectionery packaging market in Asia Pacific is expected to register a significant CAGR during the forecast period, owing to growing urbanization, increasing purchasing power, and changing tastes of consumers in the region.

Several leading chocolate confectionery manufacturers are expanding their business in Asia Pacific. Constantly changing trends and preferences of food and beverages in countries such as India, Japan, China, Singapore, and others boosts the confectionery packaging market in Asia Pacific. Rising investment in the packaging industry in Asia Pacific drives the confectionery packaging market in the region.

The market in North America is estimated to expand rapidly in the coming years, due to the growing presence of several major market players in the region. Increasing demand for premium and unique chocolate confectionery such as liquor chocolates boosts the confectionery packaging market in the region. Chocolates are the preferred choice of gifts to give on various special occasions and festivals such as Valentine’s Day, Easter, Christmas, and others in North America. This is the major factor fueling the confectionery packaging market in the region.

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