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Global Snack Food Packaging Market Size Study & Forecast, by Material Type, By Packaging Type, By Application, and Regional Analysis, 2023-2030
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Global Snack Food Packaging Market is valued at approximately USD 17.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2023-2030. Snack food packaging is the materials and designs used to package different kinds of snack foods. The main objective of snack food packaging is to protect the contents from outside influences including moisture, light, and air, which can lead to spoiling and degrade the product's flavor and quality. Additionally, snack food packaging is created to advertise the product and increase consumer appeal using striking graphics, vivid colors, and eye-catching designs. Factors such as changing consumer preferences, increasing disposable incomes, surge in consumption of ready-to-eat food coupled with the rising inclination towards convenience, sustainability and clean-label food products are playing a vital role in market growth across the globe.
In addition, the rapid proliferation of the e-commerce industry has created new opportunities for snack food companies to sell their products online. This has led to an increased demand for packaging that is designed to protect the contents during shipping and handling, such as vacuum-sealed bags and sturdy cardboard boxes. According to Statista, in 2022, the online sales of snack food accounted for 6.8% globally, which is projected to rise and likely to reach 9.5% of the overall sales. Therefore, the rising availability of snack food on various e-commerce platforms is augmenting the market growth at a considerable rate. Moreover, the growing R&D activities in packaging solutions, as well as introduction of innovative packaging designs presents various lucrative opportunities over the forecasting years. However, the volatile prices of raw materials and stringent government rules & regulations are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Snack Food Packaging Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising inclination towards healthier snack food products among the population, availability of the innovative packaging designs, technological advancements, and presence of convenience stores and vending machines. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The changing consumer preferences, rising disposable incomes, food safety regulations, and rising availability of snack food on various e-commerce platforms are significantly propelling the market demand across the region.
Major market players included in this report are:
- Amcor Plc
- Huhtamaki OYJ
- Berry Global Group Inc.
- Constantia Flexibles Group GmbH
- Sonoco Products Co
- Winpak Ltd
- ProAMPAC LLC
- Pactiv LLC
- Swiss Pac Pvt Ltd.
- Owens-Illinois Inc
Recent Developments in the Market:
- In April 2021, Amcor announced that the company entered into a partnership agreement with Nestle to introduce sustainable packaging on shelves. This novel packaging is produced from sustainably sourced thermoformable paper and is printed on flexographic or gravure technology and finished with a heat or cold-seal adhesive.
- In December 2020, Berry Global, Inc. stated that it has reached an agreement with Repsol S.A. for the acquisition of recycled polypropylene, which is used in food and healthcare packaging.
Global Snack Food Packaging Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Material Type, Packaging Type, Application, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Material Type:
- Plastic
- Paper/Paperboard
- Metal
- Glass
By Packaging Type:
- Flexible Packaging
- Rigid Packaging
- Others
By Application:
- Bakery Snacks
- Candy & confections
- Savory Snacks
- Nuts & Dried Fruits
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Snack Food Packaging Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Snack Food Packaging Market, by Material Type, 2020-2030 (USD Billion)
- 1.2.3. Snack Food Packaging Market, by Packaging Type, 2020-2030 (USD Billion)
- 1.2.4. Snack Food Packaging Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Snack Food Packaging Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Snack Food Packaging Market Dynamics
- 3.1. Snack Food Packaging Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surge in consumption of ready-to-eat food
- 3.1.1.2. Rapid proliferation of the e-commerce industry
- 3.1.2. Market Challenges
- 3.1.2.1. Volatile prices of raw materials
- 3.1.2.2. Stringent government rules & regulations
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing R&D activities in the packaging solutions
- 3.1.3.2. Introduction of innovative packaging designs
Chapter 4. Global Snack Food Packaging Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Snack Food Packaging Market, by Material Type
- 5.1. Market Snapshot
- 5.2. Global Snack Food Packaging Market by Material Type, Performance - Potential Analysis
- 5.3. Global Snack Food Packaging Market Estimates & Forecasts by Material Type 2020-2030 (USD Billion)
- 5.4. Snack Food Packaging Market, Sub Segment Analysis
- 5.4.1. Plastic
- 5.4.2. Paper/Paperboard
- 5.4.3. Metal
- 5.4.4. Glass
Chapter 6. Global Snack Food Packaging Market, by Packaging Type
- 6.1. Market Snapshot
- 6.2. Global Snack Food Packaging Market by Packaging Type, Performance - Potential Analysis
- 6.3. Global Snack Food Packaging Market Estimates & Forecasts by Packaging Type 2020-2030 (USD Billion)
- 6.4. Snack Food Packaging Market, Sub Segment Analysis
- 6.4.1. Flexible Packaging
- 6.4.2. Rigid Packaging
- 6.4.3. Others
Chapter 7. Global Snack Food Packaging Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Snack Food Packaging Market by Application, Performance - Potential Analysis
- 7.3. Global Snack Food Packaging Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Snack Food Packaging Market, Sub Segment Analysis
- 7.4.1. Bakery Snacks
- 7.4.2. Candy & confections
- 7.4.3. Savory Snacks
- 7.4.4. Nuts & Dried Fruits
- 7.4.5. Others
Chapter 8. Global Snack Food Packaging Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Snack Food Packaging Market, Regional Market Snapshot
- 8.4. North America Snack Food Packaging Market
- 8.4.1. U.S. Snack Food Packaging Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Packaging Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Snack Food Packaging Market
- 8.5. Europe Snack Food Packaging Market Snapshot
- 8.5.1. U.K. Snack Food Packaging Market
- 8.5.2. Germany Snack Food Packaging Market
- 8.5.3. France Snack Food Packaging Market
- 8.5.4. Spain Snack Food Packaging Market
- 8.5.5. Italy Snack Food Packaging Market
- 8.5.6. Rest of Europe Snack Food Packaging Market
- 8.6. Asia-Pacific Snack Food Packaging Market Snapshot
- 8.6.1. China Snack Food Packaging Market
- 8.6.2. India Snack Food Packaging Market
- 8.6.3. Japan Snack Food Packaging Market
- 8.6.4. Australia Snack Food Packaging Market
- 8.6.5. South Korea Snack Food Packaging Market
- 8.6.6. Rest of Asia Pacific Snack Food Packaging Market
- 8.7. Latin America Snack Food Packaging Market Snapshot
- 8.7.1. Brazil Snack Food Packaging Market
- 8.7.2. Mexico Snack Food Packaging Market
- 8.8. Middle East & Africa Snack Food Packaging Market
- 8.8.1. Saudi Arabia Snack Food Packaging Market
- 8.8.2. South Africa Snack Food Packaging Market
- 8.8.3. Rest of Middle East & Africa Snack Food Packaging Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Amcor Plc
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Huhtamaki OYJ
- 9.3.3. Berry Global Group Inc.
- 9.3.4. Constantia Flexibles Group GmbH
- 9.3.5. Sonoco Products Co
- 9.3.6. Winpak Ltd
- 9.3.7. ProAMPAC LLC
- 9.3.8. Pactiv LLC
- 9.3.9. Swiss Pac Pvt Ltd.
- 9.3.10. Owens-Illinois Inc
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
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