Snack Food Packaging Market Forecasts to 2028 – Global Analysis By Packaging Type (Plastic, Metal), Product Weight (Less than 100 gm, 101 gm to 500 gm), Application (Baby Food, Bakery Snacks) and By Geography
According to Stratistics MRC, the Snack Food Packaging Market is accounted for $17.32 billion in 2020 and is expected to reach $28.24 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Rise in consumption of ready-to-eat food, rising consumer awareness regarding the healthy lifestyles and growing number of nuclear families coupled with increasing disposable incomes are driving the market growth. However, rising environmental concerns like climate change and development of alternatives in the form of packaging materials are hampering the growth of the market.
Snack food packaging comprises packaging of snack foods such as cookies, wafers, bakery snacks, etc., to evade contamination and to preserve nutritional values of food for a longer time. Furthermore, snacks need airtight packing to retain its original taste, aroma, quality, and better shelf life.
Based on the packaging type, the flexible packaging segment is going to have lucrative growth during the forecast period. Due to factors, such as it is used in packing fruits drinks & eatables and is single used containers. Additionally, the resale nature of these packs and their sustainability with respect to existing business standards can boost the segment demand.
By geography, North America is going to have high growth during the forecast period, this is accredited to the occurrence of major food manufacturers in the province and consumption by the populace. Besides, change in consumer attitudes, acceptance of healthy lifestyles, and new dietary guidelines can drive the demand for better packaging for products.
Some of the key players profiled in the Snack Food Packaging Market include Amcor , American Packaging, Bemis Company, Bryce Corporation, Clondalkin Group, Graham Packaging Holdings , Huhtamaki Global, Modern-Pak Pte Ltd , ProAmpac, Sealed Air Corporation, Sonoco Products, Swiss pack private limited.
Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging
Product Weights Covered:
• Less than 100 gm
• 101 gm to 500 gm
• 500 gm to 1 kg
• 1 kg to 3 kg
• Above 3 kg
Packaging Formats Covered:
• Composite Cans
• Other Packaging Formats
• Baby Food
• Bakery Snacks
• Candy & Confections
• Chips/ Crisp/ Fries/ Plantain Chip
• Nuts & Dry Fruits
• Ready-to-Eat Food
• Savory Snacks
End Users Covered:
• Food Truck
• Full Service Restaurants
• Quick Service Restaurants
• Savory Snacks
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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