According to Future Market Insights research, during the projected period, the global cupcake wrappers market is set to enjoy a valuation of US$ 106.3 Million in 2022, and further expand at a CAGR of 4.2% to reach US$ 160.4 Million by the year 2032. The sales of the printed wrappers by printing type are anticipated to bolster with the top 3 countries estimated to hold around 20 to 25% of the market by the end of 2022.
Based on the material, paper is projected to remain the leading among the other materials used for manufacturing cupcake wrappers. Paper is eco-friendly in nature and is more preferable material among end-users.
Market Size 2022
US$ 106.3 Million
Market Size 2032
US$ 160.4 Million
Value CAGR (2022 to 2032)
4.2%
Collective Value Share: Top 3 Countries (2022E)
20 to 25%
According to the FMI analysis, the cupcake wrappers market revenue totaled US$ 102.0 Million in 2021. With the propelling demand from the various end-users, the global cupcake wrappers market is projected to reach US$ 160.4 Million by 2032, accelerating at a CAGR of 4.2% during the forecast period.
The cupcake wrappers market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that cupcake wrapper sales will rise from 2015 to 2021 and is projected to create an absolute incremental growth opportunity of US$ 58.4 Million.
The deviations in the bakery industry amid the pandemic have increased the demand for cupcake wrappers. The cupcake wrappers market is anticipated to expand 1.5 times the current market value during the forecast period.
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Historic Market Outlook for Cupcake wrappers
The global cupcake wrappers market witnessed a CAGR of 3.7% during the historic period with a market value of US$ 102.1 Million in 2021
The cupcake wrapper market is significantly driven by constantly changing lifestyles as well as the eating habits of the consumer, the cupcake market is continuously evolving which has a positive impact on the cupcake wrapper market. The consumption of cupcakes among the young population is increasing nowadays which drives the demand for cupcake wrappers. The pandemic timeline has had several impacts on wrapper manufacturers, but later the market dimensions changed. The rise in preference for cakes and cupcakes on special occasions augments the sales of cupcake wrappers.
The continuously growing bakery sector is projected to drive the demand for cupcake wrappers. The future growth outlook for the cupcake wrappers market is anticipated to propel at a faster pace during the foreseeable period. Incremental trends in the cupcake wrappers market are about to boost innovative packaging amid bakery products and the food packaging industry.
How the Strive for Innovation in Production is Driving the Cupcake Wrappers Market?
The cupcake wrappers market is growing in a steady upward line. The wrapper market is completely influenced by innovations that came into the picture after the pandemic effect has become negligible. Wrappers are the main attraction for consumers other than the flavors of the cupcakes. The innovative wrapping of the cupcake makes it even more attractive.
The unreal strive for innovative wrapping techniques influenced cupcake manufacturers to demand the wrappers. The innovative style of wrapping the cupcakes and the attractive packaging ideas are being welcomed by the food industry. This craze for innovative wrapping through different attractive materials has surged huge demand for cupcake wrappers.
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Category-wise Insights
Which Material is expected to hold a major Portion of the Global Cupcake Wrapper Market?
Based on the material, the paper segment is expected to hold the major share of the global cupcake wrappers market. Cupcake manufacturers are continuously focusing on innovative packaging solutions for their products. Innovative and eco-friendly is what they are demanding. Recyclability is also one of the perspectives of manufacturers. Due to such completely different preferences, producers of cupcake wrappers are also focusing on attractive and innovative wrapper manufacturing. Paper is the ultimate choice for producers to meet up the demand which is arisen from the customers. So paper is the material segment that is in focus for the cupcake wrappers market.
Why the Customers of Cupcake Wrappers are Preferring Printed Wrappers over Non-Printed Cupcake Wrappers?
The printed cupcake wrappers segment is expected to account for around 74% of the market value share by the end of 2032. Customers are demanding printed wrappers from the wrappers manufacturing industry. As per the demand arising from the customers, manufacturers are adding printing options for customer orientation. With printed wrappers, customers can avail of benefits like branding, advertising, etc. these are the benefits that are attracting customers more towards printed wrappers. Printed wrappers are buzzing around probably every market. Companies are more interested in branding their logo or advertising the company with packaging products rather than normal packaging. To differentiate their product from other companies, they use unique and attractive logos and taglines on the wrappers. That’s why printed cupcake wrappers are in demand.
Country-wise Insights
How China’s Rising Bakery Sector expected to Drive Demand for Cupcake Wrappers?
China's cupcake wrappers market is projected to grow 1.7 times the current market value during the forecast period. China is one of the largest economies in the world and has an incremental opportunity for the bakery sector. As per the data collected from the USA Department of Agriculture, China is the second largest baked goods market. Cake sales in china were around US$ 14 Billion in 2021. The cakes market begs around 41% of the overall baked food retail market in china. The incremental graph for cake sales in china is suggesting a surge in the demand for baking products in the country. Along with the rising sales of cakes, the cupcake market is also blossoming rapidly. The wrappers for cupcakes are getting huge demand from the rising baked-food industry. That’s how the cupcake wrappers market is anticipated to be driven by the Chinese market.
How is the Largest Exporter of Bakery Products Surging Demand for Cupcake Wrappers?
Germany is estimated to hold around 22% of the market value share by the end of 2022. Germany is the largest exporter of bakery products in the world. As per the data collected from the Observatory of Economic Complexity, Germany has exported US$ 4.3 Billion worth of bakery products in 2021. The country accounts for 11% of the total bakery product exports. As the biggest exporter of bakery products, Germany also begs for the biggest consumer of bakery packaging. Cupcake wrappers as a sub-segment of bakery packaging are heading towards sudden growth. The cupcake wrappers market is growing since the country is demanding attractive and innovative packaging for cupcakes. The country's overall growth of the bakery industry is also driving the bakery packaging market. As a popular packaging style for cupcakes, the wrappers market is also getting boosted by the huge demand.
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Competitive Landscape
The leading manufacturers in the market are completely focused on innovation. Key players are introducing attractive packaging styles for wrappers, and are getting huge demand. Key manufacturers are acquiring other small companies to capture the market. Different expansions are being made by the companies. Some of those are under-
In September 2022, Smurfit kappa group acquires a packaging plant in Rio de Janeiro. The company is looking forward to expanding its production capacity through this acquisition.
In June 2022, the Parent company of VisiPak Sinclair & Rush, inc. acquired Indepak Corporation. This acquisition will help the company to expand its capacity of manufacturing. The partnership is also focusing on innovative packaging solutions.
Scope of the Report
Attribute
Details
Growth Rate
CAGR of 4.2% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015 to 2021
Forecast Period
2022 to 2032
Quantitative Units
Revenue in USD Billion, Volume in Units, and CAGR from 2015 to 2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
Material
Printing
Distribution Channel
Region
Regions Covered
North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa
Oceania
Key Countries Covered
USA
Canada
Mexico
Brazil
Germany
United Kingdom
France
Italy
Spain
Russia
China
Japan
India
GCC countries
Australia
Key Companies Profiled
Novacart USA
Rockline Industries
Temmashiki Co., Ltd.
Sun America, LLC
Smurfit Kappa Group
Tielman Group
Guangzhou Sanmu Packing Products Co., Ltd
Toorang print
House of Marie
Chevler Royce Private Limited
Qingdao Bakery Paper Products Co Ltd
Doric Crimped Ltd
Yiwu YongSheng Paper Products Co., Ltd.
VisiPak
Carmen products
Customization & Pricing
Available upon Request
Cupcake Wrappers Market by Category
By Material, Cupcake Wrappers Market is Segmented as:
Paper Wrappers
Aluminum Foil Wrappers
By Printing, Cupcake Wrappers Market is Segmented as:
Printed Wrappers
Non-printed Wrappers
By Distribution Channel, Cupcake Wrappers Market is Segmented as:
Online
Offline
By Region, Cupcake Wrappers Market is Segmented as:
North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania
Frequently Asked Questions
What was the value of the cupcake wrappers market in 2021?
In 2021, the value of the global cupcake wrappers market was US$ 102.0 Million.
At what rate is the global cupcake wrappers market is projected to expand during the forecast period?
During the forecast period, the global cupcake wrappers market is anticipated to expand at a CAGR of 4.2%.
By 2032, what will the value of the global cupcake wrappers market?
The global cupcake wrappers market is expected to reach US$ 160.4 Million by the end of 2032.
Which material segment is expected to lead the global cupcake wrappers market during the forecast period?
During the forecast period, paper is likely to be the fastest-growing material segment in the global cupcake wrappers market.
What drives the demand for cupcake wrappers?
The steadily growing bakery industry is creating a platform fa or creating a huge demand for attractive and innovative cupcake wrappers.
Which are the top players supplementing the sales of cupcake wrappers?
Novacart USA, Rockline Industries, Temmashiki Co., Ltd., Sun America, LLC, Smurfit Kappa Group, and Tielman Group are the top players supplementing the sales of cupcake wrappers.
At what rate is the Indian cupcake wrappers market projected to grow?
As per the FMI analysis, the Indian cupcake wrappers market is projected to expand at a CAGR of 5.3% from 2022 to 2032.
