Confectionery Packaging Market Size, Growth, Future scope, Analysis, Business Development and CAGR to 2021
Key Players
The key players of Global Confectionery Packaging Market Size, report include-
- Crown Holdings, Inc.
- Graphic Packaging International Inc.
- Aptar Group Inc.
- Sonoco Products Company
- Bemis Company Inc.
- Amcor Limited
- Silgan Holdings
- West Rock Company
- Solo Cup
- Sweetheart Holdings
Industry Update
August 2019: Raw Halo is a vegan chocolate brand which made from ethically sourced plant-based ingredients. Raw Halo recently announced the rebranding of these chocolates with a packaging that is recyclable and free from plastic, along with the introduction of new flavors to the market.
Global Market Confectionery Packaging Segmentation
The global Confectionery Packaging Market Size, is segmented by material, type, confectionary items, and region. Based on material, the global Confectionery Packaging Market Size, is segmented into paper, metal, and plastic. Plastic is the most used material in confectionery packaging. However, associations like the US Food and Drugs Administration and European Food Safety Authority have introduced stringent regulations which are hindering the growth of the plastic-based Confectionery Packaging Market Size,.
Based on type, the global Confectionery Packaging Market Size, is segmented into flexible packaging and rigid packaging. Based on confectionary items, the market is segmented into chocolate confections, flour confections, and sugar confections.
Detailed Regional Analysis
The global Confectionery Packaging Market Size, is segmented, based on region, into North America, Asia Pacific, Europe, and Rest of the World. The APAC region is anticipated to lead the global Confectionery Packaging Market Size, over the assessment period. Such market dominion can be owed to the rapid urbanization observed in the region, which has been augmenting the demand for confectionery products. Moreover, the rising standard of living of people in the region is elevating their food preference for confectionaries, hence, promoting the consumption and demand for the same. Such growth in the demand for confectionaries ought to compliment the growth of the Confectionery Packaging Market Size, in the forthcoming years. Expanding retail sector is also one of the drivers of the Confectionery Packaging Market Size, in Asia Pacific. North America is anticipated to garner the second-largest share of the global Confectionery Packaging Market Size,.
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