Experiencing a robust growth trajectory, the chocolate bar packaging market is expected to witness a remarkable compound annual growth rate (CAGR) of 6% from 2022 to 2032. With a benchmark value of US$ 48 billion in 2022 , industry experts predict the market to reach a staggering $85.96 billion by 2032.
By increasing the appeal and presence of products in the market, advancements in packaging technology exert considerable influence. Valued at approximately US$824 billion, the packaging market is poised for steady growth with an expected compound annual growth rate (CAGR) of 4% throughout the forecast period. The ubiquitous role of chocolates in festive celebrations and special occasions is emerging as the major catalyst for the demand for chocolate, thereby boosting the chocolate bar packaging market.
The Western Europe and Latin America region is expected to contribute the majority of the chocolate bar packaging market during the forecast period due to cultural practices and consumer lifestyle that support the demand for chocolates in the region. The APEJ region is expected to follow Western Europe due to the presence of densely populated areas in the region. The demand for the North America chocolate bar packaging market is expected to grow at a steady rate. While MEA and Eastern Europe are expected to show sluggish demand for chocolate bar packaging market during the forecast period.
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Chocolate Bar Packaging Market – Key Players
Some major players in the candy bar packaging market are
- Swiss Pac Pvt. Ltd.,
- ATP – Engineering & Packaging, SL,
- Futuristic Packaging Pvt. Ltd.,
- Shantou Weiyi Packaging Co., Ltd.,
- Baoding City Zhenghui Printing & Packing Industrial Co., Ltd.,
- Shenzhen Dingqi Pack Co., Limited,
- Wenzhou Guoxin Packaging Co., Ltd.,
- NITTOPACK CO., LTD.,
- Tianjin Magnificent Packaging Material Co., Ltd.,
- Shenzhen Proyu Technology Co., Limited,
- Jiangyin Sunkey Plastic Packaging Co., Ltd.
Ecological solutions: preserving the planet and pleasing the palate
Growing environmental concerns have prompted a shift towards sustainable practices in the chocolate bar packaging market. Let’s explore some of the most innovative and eco-friendly solutions that are reshaping the industry.
Biodegradable packaging: a more ecological choice
Biodegradable packaging made from materials such as plant polymers, cellulose or starch offers a more sustainable alternative to traditional plastic films. This packaging breaks down naturally over time, reducing the environmental impact and waste associated with non-biodegradable packaging.
Compostable films: closing the loop
Compostable films are another eco-friendly option that is growing in popularity. Made from renewable resources, such as cornstarch or sugarcane, these films break down in composting facilities, leaving behind nutrient-rich soil that promotes plant growth. They are ideal for businesses looking to align their packaging with circular economy principles.
Recycled cardboard packaging: closing the loop
Recycled cardboard packaging is a proven and environmentally friendly solution. By using post-consumer waste, manufacturers can create durable and aesthetically pleasing boxes for candy bars. Consumers appreciate the efforts of companies committed to recycling and reducing their carbon footprint.
Eco-friendly inks: printing with purpose
Choosing eco-friendly inks for printing chocolate bar packaging is an environmentally friendly decision. Vegetable inks, for example, come from renewable sources and have a lower environmental impact than petroleum-based alternatives.
The marketability of a product is significantly improved by changes in packaging. During the projection period, the packaging industry is expected to grow at a CAGR of 4% and be worth approximately US$824 billion. The major factor supporting the demand for chocolate and impacting the candy bar packaging market is the use of chocolates for all events and celebrations.
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Chocolate Bar Packaging Market: Market Segmentation
The chocolate bar packaging market is segmented by material type and packaging type.
Based on the types of materials used, the chocolate bar packaging market is segmented into:
- Paper
- Plastic
- LDPE
- PVC
- PET
- PE
- Outwit
- Aluminum
Based on packaging types, the chocolate bar packaging market is segmented into:
- Packaging
- Boxes
- Secondary packaging (Pouches, Sachets)
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Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides in-depth insight into the driving factors driving market demand. FMI is the leading global provider of market intelligence, advisory services, advisory services and events for the packaging, food and beverage, consumer, technology, health, industry and chemicals. With an extensive team of more than 5,000 analysts worldwide, FMI provides global, regional and local expertise on diverse areas and industry trends in more than 110 countries.
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