About Confectionery Packaging
Confectionery products are popular among all age groups. In addition, sale of confectionery products is independent of seasons or occasions. Packaging is an essential part of confectionery goods as it preserves their quality, texture, and taste. Confectionery dealers always look for packaging vendors that can provide innovative and aesthetically appealing packaging solutions, as it helps improve sales by enhancing product visibility.
TechNavio's analysts forecast the Confectionery Packaging market in the US to grow at a CAGR of 4.22 percent over the period 2014-2019.
Covered in this Report
The forecast for the Confectionery Packaging market in the US is based on revenue and unit sales of confectionery packaged products in the market. In terms of revenue, there is a growing demand for small-sized packaging. Many retailers are opting for secondary packaging of goods rather than primary packaging. Many confectionery vendors are looking for light-weight materials to package their goods. Another trend in the market that is influencing its growth is the increased demand for recycled and biodegradable materials for packaging.
In terms of the unit sales, flexible packaging is witnessing rapid growth because of the demand for stand-up pouches.
TechNavio's report, Confectionery Packaging Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape of the Confectionery Packaging market in the US and its growth prospects over the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Confectionery Packaging Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Confectionery Packaging Market in the US: Amcor Ltd., Bemis Company Inc., Crown Holdings Inc. and Owens-Illinois Inc.
Other Prominent Vendors in the market are: AptarGroup, Graham Packaging, Graphic Packaging, Hood Packaging, Kraft, MeadWestvaco Corporation, Silgan Holdings, Solo Cup Company, Sonoco Products and Sweetheart Holdings.
Commenting on the report, an analyst from Technavio’s team said: “Growth in organized retail is one of the key trends upcoming in this market. The growth of the Organized Retail sector has created new avenues for the growth of the market. Displays in the Organized Retail sector play a huge part in attracting consumers who purchase confectionery products on the spur of the moment.”
According to the report, one of the major factors that drive the market in the US is innovation in packaging. Eye-catching and novel packaging designs give retailers a competitive edge over other vendors in terms of product visibility.
Further, the report states that fragmentation of plastic packaging market is one of the major challenges that the market faces. The Global Plastic Packaging market is highly fragmented and competitive with the presence of many players worldwide. Many vendors prefer plastic as it increases the shelf-life of products. Most players operating in the global market are MSME companies whose business model is different from large corporations.
Amcor, Bemis, Crown Holdings, Owens-Illinois , Aptar Group , Graham Packaging, Graphic Packaging , Hood Packaging, Kraft, MeadWestvaco , Silgan Holdings , Solo Cup , Sonoco Products, Sweetheart Holdings
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