Confectionery and Bakery Packaging Market Report Highlights, 2021
Confectionery and Bakery Packaging Industry Outlook
Confectionery and Bakery Packaging Market Analysis, 2021
The confectionery and bakery packaging market is one of the high prospect markets in food and beverages industry, driven by strong demand from Asia Pacific, Latin America and other emerging markets. Globally, the market size of confectionery and bakery packaging is increasing rapidly driven by growing snacking habits among millennial, intense competition among players to attract end users and growing assorted chocolates and chocolate bars demand.
Overall, the market size of confectionery and bakery packaging market stood at $99.3 Billion during 2020, representing an increase of 4.79% from 2019 due to the negative impact of COVID-19. The demand is likely to recover significantly in 2021 and will witness steady growth over the forecast period. From $99.3 Billion in 2020, we expect the demand to increase to $136.7 Billion in 2026 at a CAGR of 5.47%.
Innovations in food packaging, rising usage of smart packaging materials, growing popularity of the modified atmospheric packaging and demand for premium packaging across products range are among the major trends observed in the industry.
Among materials, Paper based Container dominates the global market with 26.3% market share, due to traditional usage, low costs, availability from local manufacturers and demand from developing economies. However, rigid plastic and flexible plastic packaging is rapidly penetrating into the market share of paper packaging material worldwide.
In terms of product types, the market is classified as chocolate bars, sugar and breads, gums and toffees, and others. Of these, Chocolate bars dominated the market size worldwide with 38.6% market share.
Europe accounted for the largest share of global confectionery and bakery packaging market, driven by large markets like Germany, the UK, France, Spain, Italy, Russia and others. The industry is characterized by rapid growth in large scale investments in automation, increased recyclable materials, natural products, and drive towards convenient and appealing products. On the other hand, emerging countries are witnessing increased urbanization rates, high middle-class incomes and shifting consumer behaviour towards baked foods, which will drive the market growth over the forecast period.
Confectionery and Bakery Packaging Companies Profiled in the Report
Amcor
Ball
Tetra Pack
Crown Holdings
Sonoco Products Company
Confectionery and Bakery Packaging Market Trends- Innovations in Food Packaging
The global food packaging industry is witnessing significant improvement in terms of innovative material use, designing and additional features for consumer knowledge and appealing. Driven by significant investments in R&D, confectionery packaging with longer shelf life, lower transportation risks, and displaying the food quality information for users and other improvements are being observed. Some of the major innovations in food packaging in the recent past include-
Lowering weight of package, reduced waste generation, small quantities of products and packets to attract millennial customers, design innovations for special occasions, and customized packaging are among the key trends in food packaging.
Confectionery and Bakery Packaging Market Drivers- Demand for Multiple and Small Packaging in Confectioneries and Bakeries
Strong demand for multipacks and small size packs is being observed in emerging countries in Asia Pacific, Latin America and other markets. In particular, increasing demand for on-the-go foods, ready-to-eat foods and growing single person households, and awareness towards low calorie and healthy foods, and others is increasing packaging market demand. Further, multi-packs and small-packs use lower space on shelves in bakeries and accordingly, are largely preferred by vendors.
Flexible Plastic Based Confectionery and Bakery Packaging Market Size Forecast
Changing consumer preferences, growing popularity of modified atmospheric packaging, rising usage of smart packaging are some of the key trends observed in the global flexible plastic packaging market. The most common choice of packaging medium is plastic as it provides the required protection and preservation, grease resistance, physical strength, machinability and printability. Increased R&D spending by manufacturers and growing demand for convenience and appealing products are some of the major factors driving the growth of the market.
Consumers preference towards easy to use and carry packaging types and growing preferences for small packages is set to emerge as the major trend in the global flexible plastic packaging market. Increased focus towards convenience and sustainability is also contributing to the growth of the flexible plastic packaging.
Flexible plastic packaging is lighter in weight and cheaper compared to other material types which are encouraging the manufactures to use these packaging. Development of the innovative packaging types is also increasing the demand for the flexible plastic packaging.
Key materials in flexible plastic packaging include Polyethylene (PE), Polypropylene (PP), Biaxially-oriented PET (BoPET), Polyvinyl Chloride (PVC) and others. Of these, Polyethylene material accounts for around 43% of total market share. Innovations in bio-based polyethylene flexible plastic packaging including eco-friendly nature materials and absence of synthetic chemicals are being observed.
Polypropylene is significantly employed in the food & beverage industry owing to their disposable and high flexibility nature. It accounts for 24% of total flexible plastic packaging market size. Moreover, PP stretches less than polyethylene and has good optical properties. Therefore, polypropylene is widely used in packaging of snack foods, biscuits, and dried foods in bakery industry.
Increasing customer awareness regarding environmental protection through recycling of flexible packaging plastics could anticipate the market growth. Industrialization and urbanization lead to the establishment of new production facilities across emerging countries, owing to increased investments coupled with the rising population.
Confectionery and Bakery Packaging Market Segmentation
1. TABLE OF CONTENTS 2
1.1 List of Tables 6
1.2 List of Figures 8
2. EXECUTIVE SUMMARY 12
2.1 Summary 12
2.2 The global food and beverage industry in 2020 13
2.3 Confectionery and Bakery Packaging Industry Outlook, 2020 – 2026 15
2.4 Abbreviations 16
3. INTRODUCTION TO CONFECTIONERY AND BAKERY PACKAGING MARKET 17
3.1 Market Segments - Types, Applications, and Countries 17
3.2 Report Guide 18
3.3 Research Methodology 19
4. MACROECONOMIC & DEMOGRAPHIC OUTLOOK 20
4.1 GDP Outlook, 2020 – 2030 20
4.2 Population Outlook of Select Countries, 2020 – 2030 21
5. OVERVIEW OF THE CONFECTIONERY AND BAKERY PACKAGING MARKET 22
5.1 Industry Panorama 22
5.2 Major Companies 23
5.3 Market Trends 23
5.3.1 Trend: Innovations in Food Packaging 23
5.3.2 Trend: Rising usage of smart packaging materials 24
5.3.3 Trend: Growing popularity of the Modified Atmospheric packaging 24
5.3.4 Trend: Demand for Premium Packaging across products range 24
5.3.5 Driver: Increasing Disposable incomes worldwide 25
5.3.6 Driver: Strong demand growth from Developing Countries 26
5.3.7 Driver: Consumer demand for innovative and more convenient products is increasing 26
5.3.8 Driver: Demand for Multiple and Small Packaging in Confectioneries and Bakeries 27
5.3.9 Challenge: Regulatory challenges associated with Plastic usage in developed markets 27
5.3.10 Challenge: Rising Production Costs 28
5.3.11 Challenge: Highly Fragmented Market 28
5.4 Dominant Types 29
5.4.1 Flexible Plastic Packaging 30
5.4.2 Rigid Plastic Packaging 32
5.4.3 Metal Packaging 33
5.4.4 Paper based Container 35
5.4.5 Others 36
5.5 Leading Product Types 37
5.5.1 Chocolate bars 38
5.5.2 Sugar and Breads 39
5.5.3 Gums and Toffees 40
5.5.4 Others 41
5.6 Regional Outlook 42
6. GLOBAL OUTLOOK ACROSS COVID-19 SCENARIOS 43
6.1 Mild COVID Scenario 43
6.2 Harsh/Reference COVID Scenario 44
6.3 Severe COVID Scenario 44
7. NORTH AMERICA CONFECTIONERY AND BAKERY PACKAGING MARKET 45
7.1 Outlook 45
7.2 Trends and Opportunities 46
7.2.1 Paper based Container dominate the North American Confectionery and Bakery Packaging Market 46
7.2.2 Chocolate bars dominate the North American Confectionery and Bakery Packaging Market 47
7.2.3 The US dominates the North American Confectionery and Bakery Packaging Market 48
7.3 Market Outlook by Country 49
7.3.1 United States 49
7.3.2 Canada 51
7.3.3 Mexico 52
8. EUROPE CONFECTIONERY AND BAKERY PACKAGING MARKET ANALYSIS 53
8.1 Outlook 53
8.2 Trends and Opportunities 54
8.2.1 Paper based Container dominate the European Confectionery and Bakery Packaging Market 54
8.2.2 Chocolate bars dominate the European Confectionery and Bakery Packaging Market 55
8.2.3 Germany dominates the European Confectionery and Bakery Packaging Market 56
8.3 Market Outlook by Country 57
8.3.1 Germany 57
8.3.2 United Kingdom 58
8.3.3 France 59
8.3.4 Spain 60
8.3.5 Other Europe 61
9. ASIA PACIFIC CONFECTIONERY AND BAKERY PACKAGING MARKET 62
9.1 Outlook 62
9.2 Trends and Opportunities 63
9.2.1 Paper based Container Dominate the Asia Pacific Confectionery and Bakery Packaging Market 63
9.2.2 Chocolate bars Dominate the Asia Pacific Confectionery and Bakery Packaging Market 64
9.2.3 China dominates the Asia Pacific Confectionery and Bakery Packaging Market 65
9.3 Market Outlook by Country 66
9.3.1 China 66
9.3.2 India 67
9.3.3 Japan 68
9.3.4 Other Asia Pacific 69
10. LATIN AMERICA CONFECTIONERY AND BAKERY PACKAGING MARKET 70
10.1 Outlook 70
10.2 Trends and Opportunities 71
10.2.1 Paper based Container Dominate the Latin American Confectionery and Bakery Packaging Market 71
10.2.2 Chocolate bars Dominate the Latin American Confectionery and Bakery Packaging Market 72
10.2.3 Brazil dominates the Latin America CONFECTIONERY AND BAKERY PACKAGING Market 73
10.3 Market Outlook by Country 74
10.3.1 Brazil 74
10.3.2 Argentina 75
10.3.3 Other Latin America 76
11. MIDDLE EAST AND AFRICA CONFECTIONERY AND BAKERY PACKAGING MARKET 77
11.1 Outlook 77
11.2 Trends and Opportunities 78
11.2.1 Paper based Container Dominate the Middle East and African Confectionery and Bakery Packaging Market 78
11.2.2 Chocolate bars Dominate the Middle East and African Confectionery and Bakery Packaging Market 79
11.2.3 Middle East dominates the Latin America Confectionery and Bakery Packaging Market 80
11.3 Market Outlook by Region 81
11.3.1 Middle East 81
11.3.2 Africa 82
12. COMPETITIVE LANDSCAPE 83
12.1 Tetra Pak International 83
12.1.1 Overview 83
12.1.2 SWOT Analysis 87
12.1.3 Strategies 88
12.2 Sonoco Products Company 90
12.2.1 Overview 90
12.2.2 SWOT Analysis 92
12.2.3 Key Financials 94
12.3 Ball Corporation 97
12.3.1 Overview 97
12.3.2 SWOT Analysis 98
12.3.3 Key Financials 100
12.4 Amcor Limited 103
12.4.1 Overview 103
12.4.2 SWOT Analysis 105
12.4.3 Strategies 106
12.5 Crown Holdings 107
12.5.1 Overview 107
12.5.2 SWOT Analysis 109
12.5.3 Strategies 110
13. APPENDIX 114
13.1 About USD Analytics 114
13.2 Sources and Research Methodology 114
13.3 Copyright and Disclaimer 115