Year | Value |
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2024 | USD 24.92 Billion |
2035 | USD 35.6 Billion |
CAGR (2025-2035) | 3.29 % |
Note – Market size depicts the revenue generated over the financial year
The confectionery flexible packaging market is expected to grow at a steady pace with a current market size of $24,924 million in 2024 and is expected to reach $35,603 million by 2035. This growth will be reflected in a CAGR of 3.29% from 2025 to 2035. The expansion of the market can be attributed to a number of factors, including the increasing demand for convenience food, the growing preference for confectionery in packages, and the development of flexible packaging technology that can extend the shelf life and reduce food waste. Also, the development of biodegradable and recyclability of packaging materials is also an important factor in driving the market. Mondi Group and Amcor are the leading companies in the field of sustainable development and product innovation. For example, Amcor has launched a series of flexible packaging products to meet the growing demand for green packaging, while Mondi has invested heavily in R & D to create a flexible package that can meet the needs of consumers and the environment. These strategies not only enhance the position of these companies in the market but also contribute to the growth of the confectionery flexible packaging industry.
Regional Market Size
Confectionery flexible packaging market is growing rapidly across the globe, owing to increasing consumer demand for convenience, sustainable and innovative packaging solutions. In North America, the market is characterized by a strong focus on eco-friendly materials and advanced printing technology. Europe is characterized by a combination of traditional confectionery with modern packaging trends. The Asia-Pacific region is characterized by rapid urbanization and the growth of the middle class, which leads to a significant increase in the demand for confectionery flexible packaging. Middle East and Africa are characterized by the emergence of local confectionery brands, while Latin America focuses on the cost-effectiveness and availability of flexible packaging.
“Approximately 60% of consumers in the confectionery market prefer products with innovative packaging that enhances convenience and freshness.” — Mintel Group Ltd.
Confectionery flexible packaging is currently experiencing steady growth. This growth is being driven by rising demand for convenience and the need to be sustainable. The trend towards eating on the go and the need to be more sustainable are two of the main factors driving the confectionery flexible packaging market. Regulations to reduce the use of plastics are also driving demand for flexible packaging made from biodegradable materials. Currently, the market is at a mature stage of development, with leading companies such as Mondelez and Nestlé implementing innovative packaging solutions. The main applications for flexible packaging are for chocolate, sweets, and gummy candies, where flexible packaging helps to preserve freshness and extend shelf life. The most important trends that will boost growth are the need to be more sustainable and the impact of the Influenza A (H1N1) pandemic, which has changed the way consumers behave towards packaged food. The market is evolving, with the help of digital printing and high barrier films, which enable the confectionery industry to offer consumers a more sustainable and bespoke solution.
The confectionery flexible packaging market is expected to grow at a CAGR of 3.16% from 2024 to 2035. This growth is due to the growing demand for convenience and the growing trend of the packaging solution to be sustainable. The latter is due to the fact that consumers are increasingly demanding that manufacturers use biodegradable and recyclable materials. This is also in line with the global sustainability initiatives and the regulatory framework, which aims to reduce plastic waste. In the next 20 years, it is expected that the share of sustainable packaging solutions will exceed 30%, mainly due to the preferences of consumers and the regulatory framework in key regions such as Europe and North America. Technological innovations will also play an important role in shaping the future of the confectionery flexible packaging market. In particular, the development of high-barrier films and smart packaging solutions will extend the shelf life of products and improve the interaction between consumers and the packaging. The development of e-commerce and direct-to-consumer distribution channels will also require more durable and versatile packaging solutions, which will also contribute to market growth. As the confectionery industry adapts to these trends, companies are encouraged to invest in research and development to remain competitive and meet changing consumer needs.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 1.6 Billion |
Market Size Value In 2023 | USD 1.65 Billion |
Growth Rate | 3.20% (2023-2032) |
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