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Confectionery Packaging Market Share

Report ID: GMI7880
Published Date: Jan 2024
Report Format: PDF

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Confectionery Packaging Market Share

Confectionery Packaging Company Market, (2023)

The market is dominated by giants like Amcor, DS Smith, and Sealed Air, each with their distinct product characteristics. While Amcor and Sonoco leverage their economies of scale for aggressive pricing on high-volume flexible and rigid formats, DS Smith and Smurfit Kappa compete on customization and premiumization, catering to luxury brands with bespoke cartons and boxes. Sealed Air plays a niche game, commanding premium prices for innovative protective packaging that safeguards delicate chocolates and confections.

Amcor and WestRock boast global reach, supplying major confectionery manufacturers across continents. DS Smith and Smurfit Kappa excel in regional penetration, leveraging strong local partnerships and established distribution channels. The competition is expected to intensify around sustainability, with pressure mounting to develop truly compostable and recyclable packaging. E-commerce growth will drive demand for smaller, convenient formats and innovative tamper-proof solutions. Mergers and acquisitions are likely to reshape the landscape, with consolidation occurring among smaller players.

Confectionery Packaging Market Companies

Major players operating in the vibrating conveyer industry include

Ahlstrom
Amcor Plc
ANL Packaging
Berry Global
Bomarko
DS Smith
Huhtamaki
International Paper Company
KM Packaging
Printpack
Sealed Air
Smurfit Kappa
Sonoco
UCSA Ambala
WestRock

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Confectionery packaging industry size was worth USD 11.68 billion in 2023 and is set to expand at over 5.1% CAGR from 2024 to 2032 driven by the evolving consumer preferences along with the rising demand for innovative and visually appealing packaging solutions.

Confectionery chocolate packaging market accounted for USD 5.17 billion in revenue in 2023 and is expected to record substantial growth through 2032 attributed to the increasing need for maintaining product freshness and protecting against temperature fluctuations.

North America confectionery packaging industry was worth more than USD 4 billion in 2023 and is estimated to expand at a robust growth rate through 2032 owing to the confluence of a mature confectionery market and a well-established packaging industry in the region.

Some of the leading confectionery packaging companies are Amcor Plc, ANL Packaging, Berry Global, DS Smith, International Paper Company, KM Packaging, Printpack, Sealed Air, Smurfit Kappa, Sonoco, and WestRock, among others.