The confectionery packaging market is anticipated to expand its roots at an average CAGR of 4.4% during the forecast period. The market is likely to hold a revenue of USD 11.37 billion in 2023 while it is anticipated to cross a value of USD 17.50 billion by 2033.
The surging demand for lightweight, protective, self-appealing, and high-barrier packaging among confectionery manufacturers is anticipated to supplement the sales of confectionery packaging.
The multi-sensory effect on confectionery packaging leads to impulse purchases which have a positive impact on the confectionery packaging market. Overall, the surge in demand for different confectionery such as chocolate confectionery and sugar confectionery boosts the demand for confectionery packaging.
The sales of confectionery packaging registered a Y-o-Y growth of 4.4% in 2022 over 2021 reaching USD 10.9 billion. The chocolate confectionery segment followed by the sugar confectionery segment held around 89% of the market value share in 2022.
Asia Pacific Excluding Japan and Western Europe regions are projected to be the region generating high demand for confectionery packaging. Both regions collectively are anticipated to hold around 52% of the market share by the end of 2027.
The confectionery packaging market saw soaring growth in 2021 with worldwide revenues up 3.7% year over year. A new forecast by FMI estimates that confectionery packaging market revenues might increase between 2022 and 2027, reaching nearly USD 13.2 billion in 2027.
The global confectionery packaging market constitutes around 2-3% of the total food packaging market which held a market share of USD 310 billion in 2021.
| Attributes | Details |
|---|---|
| Confectionery Packaging Market CAGR (2023 to 2033) | 4.4% |
| Confectionery Packaging Market Size (2023) | USD 11.37 billion |
| Confectionery Packaging Market Size (2033) | USD 17.50 billion |
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The global confectionery packaging market registered a CAGR of 3.8% during the historical period due to the rising consumption of confectionery products among customers along with the increasing variety of confectionery products.
The confectionery manufacturers are focusing on adopting a packaging solution that enhances the shelf-life of the product along with preserving the product’s quality. Such packaging solution further augments the sales of different packaging formats used for confectionery products.
The rising consumption of confectionery products among different age groups drives the confectionery packaging market. Also, the development of a variety of confectioneries such as sugar-free confectionery products for diabetic people bolsters the demand for confectionery packaging.
Consumer preference toward customized and diversified product sizes accentuates the market share of confectionery packaging. The small pack size ensures consumers’ needs as they provide ‘on-the-go consumption. The intake volume is also controlled by small pack sizes.
Properties of small pack size solutions are supporting the growth of the confectionery packaging market as consumers prefer easy-to-use and convenient packaging solutions. In addition to the convenience, the use of small pack sizes of confectionery products increases user-friendliness as the product can be consumed on the spot hygienically.
Reducing the pack size has proven valuable to the consumer as it enables them to regulate and measure their calorie intake and is also supported by several government initiatives regarding sugar intake and obesity. Thus, the rising trend of on-the-go consumption of confectionery products has urged manufacturers to reduce the pack sizes of confectionery products and innovate packaging solutions.
The demand for re-closable pouches is anticipated to increase, as consumer prefers frequent consumption of products. Re-closable pouches also help control calorie intake, especially sugar-rich confectionery products. Moreover, re-closable pouches enhance the product appeal with a premium look when stacked on retail shelves.
Re-closable pouches with a zip-lock feature offer a portion control feature for consumers and increase self-aesthetics for retailers. Overall, the rising need for small packages in confectionery products along with re-closable pouches bolsters the demand for confectionery packaging.
Principal Consultant
Country-wise Revenue Share % (2022)
| Countries | Revenue Share % (2022) |
|---|---|
| The United States | 17.3% |
| Germany | 6.1% |
| Japan | 3.9% |
| Australia | 1.6% |
| North America | 18.7% |
| Europe | 36.4% |
Country-wise CAGR % (2023 to 2033)
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 6.5% |
| India | 7.4% |
| The United Kingdom | 2.5% |
A significant portion of North America’s confectionery packaging market is captured by the United States. The United States is estimated to account for around 93% of the total North America market for confectionery packaging by the end of 2027. The United States itself held a major share of 17.3% in 2022. While North America region held an 18.7% share in 2022.
The consumption of confectionery products is increasing in the United States in turn augmenting the sales of confectionery packaging in the United States. According to National Confectioners Association (NCA), confectionery sales in the United States were USD 36.7 billion in 2020. This indicates that the rising sales of confectionery products propel the demand for confectionery packaging in the United States.
Brazil is projected to capture half portion of the confectionery packaging market in Latin America during the forecasted period. The increasing export of confectionery products in Brazil creates market growth opportunities for confectionery packaging.
The vital portion of Western European confectionery packaging is anticipated to be beheld by Germany. Germany’s market accounted for 6.1% of the global market in 2022.
According to the Association of Chocolate, Biscuit, and Confectionery Industries of Europe (CAOBISCO), the consumption of chocolate confectionery and sugar confectionery is high in Germany. In 2018, the consumption of chocolate and sugar confectionery was around 9.2 kilos per head and 5.4 kilos per head respectively which indicates the positive growth for the confectionery packaging market in Germany.
| Category | By Material Type |
|---|---|
| Leading Segment | Plastic |
| Market Share (2022) | 54.5% |
| Category | By Confectionery Type |
|---|---|
| Leading Segment | Chocolate Confectionery |
| Market Share (2022) | 45.7% |
By flexible packaging type, the stickpacks & sachets segment followed by the pouches segment are considered to be the most notable segment among the other flexible packaging segments. Both segments collectively hold around 69% of the market share in the next five years along with registering a CAGR of 4.7% and 5.2% respectively between 2023 and 2033.
Based on material type, the plastic segment is the most preferred material type for confectionery packaging due to its high barrier properties such as moisture-resistant, durability, and others. The plastic segment holds around 54.5% of the market value share in 2022.
The chocolate confectionery segment is forecasted to create huge demand for confectionery packaging along with creating a fair incremental opportunity during the foreseeable period. Under chocolate confectionery, the countlines segment, and slabs/bars/blocks segment collectively are anticipated to create an incremental opportunity of USD 882 million from 2022 to 2027.
Overall, the increasing consumption of chocolate confectionery is projected to fuel the demand for confectionery packaging. The segment held a market share of 45.7% in 2022.
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The key players in the confectionery packaging market are developing and launching new products under their product portfolio. The new product launched by the players matches the growing concern for sustainable and environment-friendly packaging solutions. Also, the key players in the confectionery packaging market are focusing on expanding their presence through mergers & acquisitions.
Market Developments
The confectionery packaging market held a value of USD 10.9 billion in 2022
The confectionery packaging market holds a value of USD 11.37 billion in 2023
The market is expected to have a CAGR of 6.4% by 2033.
Based on material type, the plastic segment leads in the market as it held a market share of 54.5% in 2022.
The market is anticipated to hold a share of USD 17.50 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 5.1. Flexible Packaging 5.1.1. Wrappers 5.1.2. Stickpacks & Sachets 5.1.3. Liners 5.1.4. Pouches 5.2. Rigid Packaging 5.2.1. Folding Cartons 5.2.2. Corrugated Boxes 5.2.3. Trays 5.2.4. Containers 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Plastic 6.2. Paper & Paperboard 6.3. Metal 6.4. Aluminum Foil 6.5. Glass 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Confectionery Type 7.1. Chocolate Confectionery 7.1.1. Countlines 7.1.2. Slabs/Bars/Blocks 7.1.3. Boxed Assortments 7.1.4. Tablets 7.1.5. Others 7.2. Sugar Confectionery 7.2.1. Gums, Jellies & Pastilles 7.2.2. Medicated Confectionery 7.2.3. Mints 7.2.4. Boiled Sweets 7.2.5. Toffees, Caramel & Nougats 7.2.6. Lollipops 7.2.7. Others 7.3. Gums 7.3.1. Chewing Gums 7.3.2. Bubble Gums 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Amcor plc 16.2. Smurfit Kappa Group 16.3. Sealed Air Corporation 16.4. Berry Global Group 16.5. Huhtamaki Oyj 16.6. DS Smith plc. 16.7. Mondi plc. 16.8. International Paper Company 16.9. Sonoco Products Company 16.10. WestRock Company 16.11. Clondalkin Group Holdings B.V. 16.12. SCHUR Flexibles Holding GmbH 16.13. Ahlstrom-Munksjö Oyj 16.14. Crown Holdings, Inc. 16.15. Bomarko Inc. 16.16. Printpack Inc. 16.17. Stanpac Inc. 16.18. MOD-PAC Corp. 16.19. Tomric Systems, Inc. 16.20. Constantia Flexibles Group GmbH 17. Assumptions & Acronyms Used 18. Research Methodology
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Confectionery Packaging Market
