Global Chocolate Packaging Market 2017-2021
About Chocolate Packaging
Packaging is an integral part of the food industry due to its role in maintaining the hygiene and quality of the food products during transportation and storage. Chocolate packaging makes use of aluminum foil, tin, paper, and cardboard for packaging. The packaging designs have a significant influence on the purchase decisions of customers hence, vendors are expected to innovate packaging material as well as designs in the forecast period.
The packaging of chocolate is a complex process that demands attention and care due to several layers of packaging. For example, a chocolate bar is first wrapped with an aluminum foil, followed by a plastic package. For other chocolates, it is further placed on a plastic tray and finally in a cardboard box. Chocolate packaging is divided into flexible packaging and rigid packaging where plastic is the dominant material used because of its benefits as well as cost benefits. .
Technavio’s analysts forecast the global chocolate packaging market to grow at a CAGR of 6.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global chocolate packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through market transactions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chocolate Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global chocolate packaging market: Amcor, Bemis, Mondi, and Smurfit Kappa
Other Prominent Vendors in the market are: AS Food Packaging, Benson Box, Brow Packaging, Genpak, Sydney Packaging, Unger, WestRock, and Wipak.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovations in packaging. Vendors are introducing new packaging solutions to appeal to the aesthetic taste of the consumers and simultaneously increase the shelf life of the product as well, thereby reviving the consumer interest in their chocolates. For instance, rlc packaging group is a packaging group that designed alluring chocolate boxes for Switzerland based company Cailler. The company started production of 8 new chocolate boxes for Cailler, a part of Nestlé portfolio.”
According to the report, one of the major drivers for this market is Premiumization of chocolate packaging. The sales of chocolate in the US exceeded $25 billion in 2015 which triggered the demand for the chocolate packaging market. Also, there is an increase in the demand for premium chocolates across the globe due to which vendors are innovating premium cardboard based luxury packaging solutions. Chocolate manufacturers are positioning premium chocolates as well as premium chocolate packaging as gifting options.
Further, the report states that one of the major factors hindering the growth of this market is The raw material for chocolate packaging market is divided into segments including flexible chocolate packaging and rigid chocolate packaging. Flexible chocolate packaging includes aluminum foil, paper, and plastic whereas, rigid packaging includes a metal such as tin, cardboard and plastic trays. Increase in the price of propylene in the US is having a direct impact on the plastic packaging prices which is increasing the overall cost of chocolate packaging in the country.
Amcor, Bemis, Mondi, Smurfit Kappa, AS Food Packaging, Benson Box, Brow Packaging, Genpak, Sydney Packaging, Unger, WestRock, and Wipak.
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