Snack Food Packaging Market
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
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $18.41 BN |
|
Projected Year Value (2028) |
US $28.24 BN |
|
CAGR (2021 - 2028) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Snack Food Packaging Market is accounted for $18.41 billion in 2021 and is expected to reach $28.24 billion by 2028 growing at a CAGR of 6.3% during the forecast period. 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.
Market Dynamics:
Driver:
Growing Adoption of healthy lifestyles
Due to adoption of healthy lifestyles by the masses and emergence of retail stores in urban areas can drive the market growth. Product appeal, awareness of nutritional value, variety in products, and aging population are other factors driving market growth. High production of sustainable packaging and user convenience for handling small packages can augur favorably for snack food packaging market growth. Bags and pouches are integrating modified atmosphere packaging (MAP) for extending the shelf life of products. Consumer packaged goods are increasingly adopting new approaches to increase chemical resistance and mechanical strength of packages. Because more people are consuming snacks to replace meals, consumers are looking for more health benefits than ever before. Popular diets like the Paleo Diet, Ketogenic, Gluten Free and High Fat/High Protein diets are leading to an influx in foods that fit the busy consumer’s life while still fulfilling their desired eating preferences. Foods that are high in protein like protein bars and powders, nuts and seeds, jerky and meat bars, and nutritional supplements are also experiencing growth, as are other health-focused foods. In addition, increasing inclination towards healthy lifestyle has led to an increase in demand for a healthy snack which in turns expected to support growth of the market
Restraint:
Rising Environmental Concerns & Alternatives
The packaging industry is home to several ingredients that make use of various kinds of materials for packaging and plastic is one of them. With the global rising environmental concerns like climate change, there has been a major issue in using plastic in the snack food packaging market share dealings. This is likely to hamper the market from growing in the international market scenario. There is a dire need for the market for the development of alternatives in the form of packaging materials and reduced investment is another issue that might hamper the market growth during the forecast period.
Opportunity:
Increasing Digital Printing
The snack food market is moving toward flexible packaging, and the future of flexible packaging creation is digital printing. Digitally printed flexible packaging is an incredible opportunity to build more brand awareness and increase sales. Digital printing also allows brands to make last-minute changes to their designs. Because no plates are needed, unlike traditional printing, there is no long set-up time, so changes can be made easily. This flexibility makes adding a SKU, changing a recipe, or adding promotional information to an existing package quick and easy.
Threat:
Stringent Government
Stringent government protocols across the developed and a developing country regarding usage of plastic is a factor expected to threat growth of the market. In addition, increasing diet conscious population is another factor expected to hinder growth of the target market to a certain extent.
Flexible packaging segment is expected to be the largest 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. Flexible pouches are single use containers that are used in packing fruit drinks and eatables. Resalable nature of these packs and its sustainability with respect to current business standards can drive the segment demand.
The Savory Snacks segment is expected to have the highest CAGR during the forecast period
The savory snacks segment held the highest CAGR market of the global snack food packaging market. This is attributed to consumer awareness of benefits of dried fruits, nutritional bars, and nuts. Indication of healthy eating owing to design of small pouches for fruits and nuts can drive the segment growth. Savoury food has a salty or spicy flavour rather than a sweet one. Savouries are small items of savoury food that are usually eaten as a snack, for example with alcoholic drinks at a party or before a meal.
Region with largest share:
The North America is projected to hold the highest market share; 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. North America is likely to accrue huge market demand over the assessment period.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR due to high consumption rate of snacks in developing provinces of Malaysia, Indonesia, China, and India is expected to bode well for the global market. The need for comfort foods during stressed times can work in favour of the global snack food packaging market. The COVID-19 pandemic has driven the surge of single-serve foods as well as renewed packaging to assure the safety of foods.
Key players in the market:
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.
Key developments:
In May 2021: Amcor launched Designed-to-Be-Recycled Food Packaging in Colombia. The new sachet is designed to be recycled in accordance with industry standard. The sachet is the latest in a series of designed-to-be-recycled and other sustainable packaging projects.
In June 2018: Bemis launched clear, recyclable standup pouch packaging. The technology combines readily recyclable material with shelf-appealing transparency, helping CPGs attract t consumers while achieving the sustainability goals of their businesses.
In Februarys 2017: Clondalkin launched new stand up pouch for extended shelf life. The combination of specially selected materials and a micro-perforation allows the product inside to breathe and remain fresher for longer. The packaging extends the shelf life of the fruits and ensures a crunchy taste up to 12 days after harvesting.
Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging
Materials Covered:
• Plastic
• Paper/Paperboard
• Metal
• Glass
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:
• Bags
• Boxes
• Composite Cans
• Pouches
• Other Packaging Formats
Applications Covered:
• Baby Food
• Bakery Snacks
• Candy & Confections
• Chips/ Crisp/ Fries/ Plantain Chip
• Nuts & Dry Fruits
• Ready-to-Eat Food
• Savory Snacks
End Users Covered:
• Catering
• Food Truck
• Full Service Restaurants
• Quick Service Restaurants
• Restaurants
• Savory Snacks
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2020, 2021, 2022, 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Snack Food Packaging Market, By Packaging Type
5.1 Introduction
5.2 Flexible Packaging
5.3 Rigid Packaging
6 Global Snack Food Packaging Market, By Material
6.1 Introduction
6.2 Plastic
6.2.1 Biaxially-Oriented Polypropylene (BOPP)
6.2.2 Bioplastics
6.2.3 Linear Low-Density Polyethylene (LLDPE)
6.2.4 Polyester
6.2.5 Polyethylene (PE)
6.2.6 Polyethylene Terephthalate (PET)
6.2.7 Polypropylene (PP)
6.3 Paper/Paperboard
6.4 Metal
6.5 Glass
7 Global Snack Food Packaging Market, By Product Weight
7.1 Introduction
7.2 Less than 100 gm
7.3 101 gm to 500 gm
7.4 500 gm to 1 kg
7.5 1 kg to 3 kg
7.6 Above 3 kg
8 Global Snack Food Packaging Market, By Packaging Format
8.1 Introduction
8.2 Bags
8.3 Boxes
8.4 Composite Cans
8.5 Pouches
8.6 Other Packaging Formats
8.6.1 Clamshell
8.6.2 Jars
8.6.3 Trays
9 Global Snack Food Packaging Market, By Application
9.1 Introduction
9.2 Baby Food
9.3 Bakery Snacks
9.4 Candy & Confections
9.5 Chips/ Crisp/ Fries/ Plantain Chip
9.6 Nuts & Dry Fruits
9.7 Ready-to-Eat Food
9.8 Savory Snacks
10 Global Snack Food Packaging Market, By End User
10.1 Introduction
10.2 Catering
10.3 Food Truck
10.4 Full Service Restaurants
10.5 Quick Service Restaurants
10.6 Restaurants
11 Global Snack Food Packaging Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Amcor
13.2 American Packaging
13.3 Bemis Company
13.4 Bryce Corporation
13.5 Clondalkin Group
13.6 Graham Packaging Holdings
13.7 Huhtamaki Global
13.8 Modern-Pak Pte Ltd
13.9 ProAmpac
13.10 Sealed Air Corporation
13.11 Sonoco Products
13.12 Swiss pack private limited
List of Tables
1 Global Snack Food Packaging Market Outlook, By Region (2019-2028) (US $MN)
2 Global Snack Food Packaging Market Outlook, By Packaging Type (2019-2028) (US $MN)
3 Global Snack Food Packaging Market Outlook, By Flexible Packaging (2019-2028) (US $MN)
4 Global Snack Food Packaging Market Outlook, By Rigid Packaging (2019-2028) (US $MN)
5 Global Snack Food Packaging Market Outlook, By Material (2019-2028) (US $MN)
6 Global Snack Food Packaging Market Outlook, By Plastic (2019-2028) (US $MN)
7 Global Snack Food Packaging Market Outlook, By Biaxially-Oriented Polypropylene (BOPP) (2019-2028) (US $MN)
8 Global Snack Food Packaging Market Outlook, By Bioplastics (2019-2028) (US $MN)
9 Global Snack Food Packaging Market Outlook, By Linear Low-Density Polyethylene (LLDPE) (2019-2028) (US $MN)
10 Global Snack Food Packaging Market Outlook, By Polyester (2019-2028) (US $MN)
11 Global Snack Food Packaging Market Outlook, By Polyethylene (PE) (2019-2028) (US $MN)
12 Global Snack Food Packaging Market Outlook, By Polyethylene Terephthalate (PET) (2019-2028) (US $MN)
13 Global Snack Food Packaging Market Outlook, By Polypropylene (PP) (2019-2028) (US $MN)
14 Global Snack Food Packaging Market Outlook, By Paper/Paperboard (2019-2028) (US $MN)
15 Global Snack Food Packaging Market Outlook, By Metal (2019-2028) (US $MN)
16 Global Snack Food Packaging Market Outlook, By Glass (2019-2028) (US $MN)
17 Global Snack Food Packaging Market Outlook, By Product Weight (2019-2028) (US $MN)
18 Global Snack Food Packaging Market Outlook, By Less than 100 gm (2019-2028) (US $MN)
19 Global Snack Food Packaging Market Outlook, By 101 gm to 500 gm (2019-2028) (US $MN)
20 Global Snack Food Packaging Market Outlook, By 500 gm to 1 kg (2019-2028) (US $MN)
21 Global Snack Food Packaging Market Outlook, By 1 kg to 3 kg (2019-2028) (US $MN)
22 Global Snack Food Packaging Market Outlook, By Above 3 kg (2019-2028) (US $MN)
23 Global Snack Food Packaging Market Outlook, By Packaging Format (2019-2028) (US $MN)
24 Global Snack Food Packaging Market Outlook, By Boxes (2019-2028) (US $MN)
25 Global Snack Food Packaging Market Outlook, By Composite Cans (2019-2028) (US $MN)
26 Global Snack Food Packaging Market Outlook, By Pouches (2019-2028) (US $MN)
27 Global Snack Food Packaging Market Outlook, By Other Packaging Formats (2019-2028) (US $MN)
28 Global Snack Food Packaging Market Outlook, By Clamshell (2019-2028) (US $MN)
29 Global Snack Food Packaging Market Outlook, By Jars (2019-2028) (US $MN)
30 Global Snack Food Packaging Market Outlook, By Trays (2019-2028) (US $MN)
31 Global Snack Food Packaging Market Outlook, By Application (2019-2028) (US $MN)
32 Global Snack Food Packaging Market Outlook, By Baby Food (2019-2028) (US $MN)
33 Global Snack Food Packaging Market Outlook, By Bakery Snacks (2019-2028) (US $MN)
34 Global Snack Food Packaging Market Outlook, By Candy & Confections (2019-2028) (US $MN)
35 Global Snack Food Packaging Market Outlook, By Chips/ Crisp/ Fries/ Plantain Chip (2019-2028) (US $MN)
36 Global Snack Food Packaging Market Outlook, By Nuts & Dry Fruits (2019-2028) (US $MN)
37 Global Snack Food Packaging Market Outlook, By Ready-to-Eat Food (2019-2028) (US $MN)
38 Global Snack Food Packaging Market Outlook, By Savory Snacks (2019-2028) (US $MN)
39 Global Snack Food Packaging Market Outlook, By End User (2019-2028) (US $MN)
40 Global Snack Food Packaging Market Outlook, By Catering (2019-2028) (US $MN)
41 Global Snack Food Packaging Market Outlook, By Food Truck (2019-2028) (US $MN)
42 Global Snack Food Packaging Market Outlook, By Full Service Restaurants (2019-2028) (US $MN)
43 Global Snack Food Packaging Market Outlook, By Quick Service Restaurants (2019-2028) (US $MN)
44 Global Snack Food Packaging Market Outlook, By Restaurants (2019-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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