High Competition Drives Innovation in Confectionery Goods Packaging Market
Summary
Global Confectionery Goods Packaging Market by Material (Metal, Paper, Plastic, and others) by Type (Rigid packaging and Flexible Packaging) by Confectionery items (Flour confections, Chocolate confections, Sugar confections, and others) and Region - Forecast to 2021
Confectionery Goods Packaging Market Insights
Although there has been a visible shift in preference for healthy food options, confectionery is perhaps one of the few food items that have remained highly popular regardless of how healthy it is. Confectionery Goods Packaging Industry is often bright, colorful and attractive. Market Research Future's research on the Confectionery Goods Packaging market indicates the growth of the market at a considerable CAGR during the assessment period from 2016 to 2021.
Health consciousness and growing awareness regarding consuming high numbers of confectionery have been having a negative impact on the growth of the market, thus hindering its growth over the forecast period. However, innovation in packaging and the demand for smaller sized treats to suit health conscious consumers is likely to drive the market with new opportunities.
Key Players
Aptar Group Inc., Bemis Company Inc., Sweetheart Holdings, West Rock Company, Crown Holdings, Inc., Amcor Limited, Silgan Holdings, Graphic Packaging International Inc., Sonoco Products Company, and Solo Cup are among the leading market participants competing in the global Confectionery Goods Packaging market. MRFR has included these players in its competitive analysis of the market and the strategies used by leading players.
Market Segmentation
The global Confectionery Goods Packaging Market has been segmented on the basis of material, type, confectionery items, and region. Materials used in Confectionery Goods Packaging have bee unsegmented into plastic, paper, metal, and others. Plastic and foil are among the most commonly used and popular materials as they retain the quality and freshness of a confectionery product .
Type has been segmented into rigid packaging and flexible packaging. Flexible packaging is expected to have a significant share of the global market.
Confectionery items have been segmented into chocolate confections, sugar confections, flour confections, and others.
Regions that have been covered in the report on Confectionery Goods Packaging include Asia Pacific, Europe, North America and the Rest of the World.
Regional Analysis
The Asia Pacific market for Confectionery Goods Packaging has been witnessed to be the largest across the globe and is expected to grow swiftly with the highest CAGR during the forecast period. The region has many emerging economies that have been witnessing tremendous changes in the last few years. These rapidly developing countries have been witnessing an economic boom which has led to the expansion of urban areas. As a result, consumer preferences and tastes are changing. The presence of increasing disposable incomes has also resulted in a higher demand for confectionery in the APAC market. The expansion of the retail segment, as well as the high investments by packaging companies in the region, is expected to encourage strong growth for the market over the assessment period. The APAC is followed by the North American market which will also witness rapid growth.
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