Snack Food Packaging Market Growth, Size, Trends, Revenue, Share, Challenges and Future Outlook: SPER Market Research

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Published: Nov 2023	Report ID: PACK2328	Pages: 1 - 225	Formats^*:
Category : Packaging

Snack Food Packaging Market Introduction and Overview

According to SPER Market Research, the Global Snack Food Packaging Market is estimated to reach USD 28.33 billion by 2033 with a CAGR of 4.78%.

The report includes an in-depth analysis of the Global Snack Food Packaging market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "snack food packaging" describes a broad range of packaging options used to package snack foods. Stated differently, the purpose of the snack food packaging solutions is to prolong the shelf life of the snack food and protect it from infection. The snack food packaging options are made to be readily available whenever you feel like eating them. There is an extensive variety of materials used in the snack food packaging solutions.

In June 2018, Bemis released reusable, transparent stand-up bag packaging. The approach combines reusable materials with visually appealing transparency to help CPGs accomplish their environmental targets while also drawing in customers.

In Colombia, Amcor plans to launch Designed-to-Be-Recycled Meal Packing in May 2021. In accordance with industry norms, the new sachet is recyclable. The sachets are among the newest in a line of reusable and other green packaging options.

Market Opportunities and Challenges

Opportunities: The market value is increasing due to industrialization, globalization, and increasing urbanization. Globally increasing consumer demand for salty and sweet snack foods combined with the growth and expansion of the food and beverage industry, particularly in developing nations, will drive up market value. Other factors driving market growth include the surge in R&D capabilities, the increase in packaging products produced to meet the demand for ready-to-eat foods, the growing need for creative packaging solutions, and the accessibility and affordability of machines for large-scale production.

Challenges: However, the market growth rate would be hampered by the increased emphasis on the consumption of fresh food items. The market growth rate will be further slowed by fluctuations in raw material prices and the high cost of packaging materials. The pandemic-related supply chain interruptions combined with the government's strict plastic application laws would also slow the rate of industry expansion.

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Market Competitive Landscape

The Snack Food Packagings market is highly consolidated due to the existence of numerous players operating both internationally and regionally. Packman Industries, Bemis Company, Bryce Corporation, Tenka Flexible Packaging, ABC Packaging Direct, Amcor, CLONDALKIN GROUP, Eagle Flexible Packaging, EPAC HOLDINGS, LLC, Graham Packaging Holdings, Kendall Packaging Corporation, Modern-Pak Pte Ltd, Sonoco Products, Sunflex Laminators, Others these are the major companies for Snack Food Packaging Market.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Packaging, By Material, By Application, By End User
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered	Packman Industries, Bemis Company, Bryce Corporation, Tenka Flexible Packaging, ABC Packaging Direct, Amcor, CLONDALKIN GROUP, Eagle Flexible Packaging, EPAC HOLDINGS, LLC, Graham Packaging Holdings, Kendall Packaging Corporation, Modern-Pak Pte Ltd, Sonoco Products, Sunflex Laminators, Others

COVID-19 Impact on Global Snack Food Packaging Market

The COVID-19 epidemic has had a major effect on the global market for snack food packaging, changing consumer behavior and industry dynamics in both the short and long term. The early stages of the pandemic caused labor shortages, alterations in consumption habits, and interruptions in the supply chain. Lockdowns, travel restrictions, and economic unpredictability caused consumer tastes to shift toward packaged and shelf-stable snack items, which in turn caused a spike in demand for appropriate packaging. However, the sector also had to deal with transportation problems, an emphasis on necessities, and manufacturing slowdowns.

Key Target Audience

Snack Food Manufacturers
Packaging Material Suppliers
Packaging Machinery Manufacturers
Retailers and Distributors
Consumers

Our in-depth analysis of the Snack Food Packaging Market includes the following segments:

By Packaging:	Flexible Packaging Rigid Packaging
By Material:	Plastic BOPP Polypropylene Polyethylene LLDPE Polyester Others Paper Metal Others
By Application:	Bakery Snacks Candy & Confections Savory Snacks Nuts & Dried Fruits Others
By End User:	Catering Food truck Full service restaurants Quick service restaurants Restaurants

Key Topics Covered in the Report

Global Snack Food Packaging Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Snack Food Packaging Market
Segmentation of Global Snack Food Packaging Market By Packaging (Flexible Packaging, Rigid Packaging)
Segmentation of Global Snack Food Packaging Market By Material (Plastic, BOPP, Polypropylene, Polyethylene, LLDPE, Polyester, Paper, Metal, Others
Segmentation of Global Snack Food Packaging Market By Application (Bakery Snacks, Candy & Confections, Savory Snacks, Nuts & Dried Fruits, Others)
Segmentation of Global Snack Food Packaging Market By End User (Catering, Food truck, Full service restaurants, Quick service restaurants, Restaurants)
Statistical Snap of Global Snack Food Packaging Market
Expansion Analysis of Global Snack Food Packaging Market
Problems and Obstacles in Global Snack Food Packaging Market
Competitive Landscape in the Global Snack Food Packaging Market
Impact of COVID-19 and Demonetization on Global Snack Food Packaging Market
Details on Current Investment in Global Snack Food Packaging Market
Competitive Analysis of Global Snack Food Packaging Market
Prominent Players in the Global Snack Food Packaging Market
SWOT Analysis of Global Snack Food Packaging Market
Global Snack Food Packaging Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Snack Food Packaging Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Snack Food Packaging Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Snack Food Packaging Market

7. Global Snack Food Packaging Market, By Packaging (USD Million)

7.1. Global Snack Food Packaging Market Value Share and Forecast, By Packaging, 2023-2033
7.2. Flexible Packaging

7.3. Rigid Packaging

8. Global Snack Food Packaging Market, By Material (USD Million)

8.1. Global Snack Food Packaging Market Value Share and Forecast, By Material, 2023-2033
8.2. Plastic
8.3. BOPP
8.4. Polypropylene
8.5. Polyethylene
8.6. LLDPE
8.7. Polyester
8.8. Others
8.9. Paper
8.10. Metal
8.11. Others

9. Global Snack Food Packaging Market, By Application (USD Million)

9.1. Global Snack Food Packaging Market Value Share and Forecast, By Application, 2023-2033
9.2. Bakery Snacks
9.3. Candy & Confections
9.4. Savory Snacks
9.5. Nuts & Dried Fruits
9.6. Others

10. Global Snack Food Packaging Market, By End User (USD Million)

10.1. Global Snack Food Packaging Market Value Share and Forecast, By End User, 2023-2033
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 Forecast, 2019-2033 (USD Million)

11.1. Global Snack Food Packaging Market Size and Market Share

12. Global Snack Food Packaging Market, By Packaging, 2019-2033 (USD Million)

12.1. Global Snack Food Packaging Market Size and Market Share By Packaging (2019-2026)
12.2. Global Snack Food Packaging Market Size and Market Share By Packaging (2027-2033)

13. Global Snack Food Packaging Market, By Material, 2019-2033 (USD Million)

13.1. Global Snack Food Packaging Market Size and Market Share By Material (2019-2026)
13.2. Global Snack Food Packaging Market Size and Market Share By Material (2027-2033)

14. Global Snack Food Packaging Market, By Application, 2019-2033 (USD Million)

14.1. Global Snack Food Packaging Market Size and Market Share By Application (2019-2026)
14.2. Global Snack Food Packaging Market Size and Market Share By Application (2027-2033)

15. Global Snack Food Packaging Market, By End-User, 2019-2033 (USD Million)

15.1. Global Snack Food Packaging Market Size and Market Share By End-User (2019-2026)
15.2. Global Snack Food Packaging Market Size and Market Share By End-User (2027-2033)

16. Global Snack Food Packaging Market, By Region, 2019-2033 (USD Million)

16.1. Global Snack Food Packaging Market Size and Market Share By Region (2019-2026)
16.2. Global Snack Food Packaging Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific

16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific

16.4. Europe

16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe

16.5. Middle East and Africa

16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa

16.6. North America

16.6.1. Canada
16.6.2. Mexico
16.6.3. United States

16.7. Latin America

16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. Packman Industries

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Bemis Company

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Bryce Corporation

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Tenka Flexible Packaging

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. ABC Packaging Direct

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Amcor

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. CLONDALKIN GROUP

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. Eagle Flexible Packaging

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. EPAC HOLDINGS, LLC

17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments

17.10. Graham Packaging Holdings

17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments

17.11. Kendall Packaging Corporation

17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments

17.12. Modern-Pak Pte Ltd

17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments

17.13. Sonoco Products

17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments

17.14. Sunflex Laminators

17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments

17.15. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Snack Food Packaging Market?

Snack Food Packaging Market is projected to reach USD 28.33 billion by 2033, growing at a CAGR of 4.78% during the forecast period.

What is the growth rate of the Snack Food Packaging Market?

Snack Food Packaging Market grew in market size from 2022. The Market is expected to reach USD 28.33 billion by 2033, at a CAGR of 4.78% during the forecast period.

What is the anticipated CAGR of the Snack Food Packaging Market?

Snack Food Packaging Market CAGR of 4.78% during the forecast period.

How can I get a sample report on the Snack Food Packaging Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Snack Food Packaging Market?

Snack Food Packaging Market size is USD 28.33 billion from 2023 to 2033.

Which segment is expected to Snack Food Packaging Market?

Snack Food Packaging Market Segment is covered By Packaging, By Material, By Application, By End User.

Which region is expected to have the highest market share in the Snack Food Packaging Market?

The North America is anticipated to have the highest market share in the Snack Food Packaging Market.

Who are the key players in Snack Food Packaging Market?

The key players in the market include Companies Covered Packman Industries, Bemis Company, Bryce Corporation, Tenka Flexible Packaging, ABC Packaging Direct, Amcor, CLONDALKIN GROUP, Eagle Flexible Packaging.

What is the conclusion of the Snack Food Packaging Market?

The term "snack food packaging" describes a broad range of packaging options used to package snack foods. Stated differently, the purpose of the snack food packaging solutions is to prolong the shelf life of the snack food and protect it from infection.