Confectionery packaging is used to pack and store the ready to eat food products and resist their contamination with air, microorganisms and other toxic substances. Various different materials are utilized for the packaging of these products. Different types of materials such as corrugated fiberboard, paper, bubble wrap, polystyrene, polyethylene and others are used for packaging of confectionery products.
Confectionery packaging materials market is expected to registering with the steady CAGR of 4.7% in the forecast period of 2019-2026.This rise in market value can be attributed to the demand of confectionery items by a large number of populations. Confectionery items are consumed by a large section of the population is driving the growth of the market Increasing number of retail stores to accommodate high demand will propel the market growth Packaging of confectionery items protect against microorganisms, toxins, air and moisture contaminations, which acts as a driver for the demand of these materials Prevention of products during storage and transportation, also boosts the demand for confectionery packaging materials
Global Confectionery Packaging Materials Market By Type (Foam, Film and Sheet, Bags and Closures, Jars, Others), Material Type (Plastic, Paper & Paperboard, Metal, Aluminium Foil, Glass), Packaging Type (Flexible Packaging, Rigid Packaging), Confectionery Type (Chocolate Confectionery, Sugar Confectionery, Gums, Others), Geography (North America, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026Fluctuation in cost & availability of raw materials may hamper the market growth Growing health awareness regarding the hazardous materials used for packaging is restricting the growth of the market Decline in demand for confectionery products, also acts as a restraint for the market
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Segmentation: Global Confectionery Packaging Materials Market:
By Type: Foam, Film and Sheet, Bags and Closures, Jars. Others
By Confectionery Type: Chocolate Confectionery, Sugar Confectionery, Gums, Others
By Material Type: Plastic, Paper & Paperboard, Metal, Aluminium Foil, and Glass
By Packaging Type: Flexible Packaging, Rigid Packaging
Confectionery Packaging Materials Market Scope and Market Size:
Competitive Analysis:
Global confectionery packaging materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of confectionery packaging materials market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In June 2019, Amcor announced the acquisition of Bemis Company Inc. After this acquisition, company will work as Amcor plc. This acquisition will help the company to build industry leading value proposition
In August 2018, AptarGroup Inc., announced the acquisition of CSP Technologies S.à r.l. The acquisition helped the company to build its position strong in the global market among other key players
Key Market Competitors:
Few of the major competitors currently working in global confectionery packaging materials market are AptarGroup, Inc., Bemis Company, Inc., WestRock Company, Crown, Amcor plc, Silgan Holdings Inc., Graphic Packaging International, LLC, Sonoco Products Company, Bernard Laboratories, Inc., AFP, Inc., Orlando Products Inc., Innovative Plastech, EliteFill, International Plastics Inc., LBU, Inc., Alpha Packaging, Package Design & Manufacturing Inc. and Dart Container Corporation among others
Research Methodology: Global Confectionery Packaging Materials Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Confectionery Packaging Materials Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Confectionery Packaging Materials Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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