The ’Global Chocolate Bar Packaging Market Trends, Share, Price, Growth, Analysis, Key Players, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global chocolate bar packaging market, assessing the market on the basis of its segments like materials used, packaging type, and major regions.
Chocolate Bar Packaging Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 1155 million
- Forecast CAGR (2023-2028): 5.10%
- Forecast Market Size (2028): USD 1554 million
|Market Size in 2022||USD 1155 million|
|Revenue Forecast in 2028||USD 1554 million|
|Growth Rate CAGR||5.10%|
|Major Players||Amcor Plc, Swiss Pack, Huhtamäki Oyj, Keylink Limited, Berry Global Inc.,
Mondi Groupm WestRock Company, Pouch Direct Pty Ltd., and Vantage House UK
Chocolate bars have a universal market and aren’t restricted to a particular age group or social class, due to which there is a significant demand for the chocolate bar packaging market. With a wide price range and a huge market all over the world, chocolate bars are readily available from the retail stores to almost every other premium coffee shop. Chocolate bar packaging helps protect the chocolate bars and acts as an identifier for the chocolate bar itself and its contents.
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Globally, chocolate bars are growing as a gifting option for the people of almost all age groups. Vendors have scaled up the production of premium cardboard packaging and vibrant gift boxes, which have become the go-to gifting options across the globe, especially during the festivities. Apart from the local vendors, many small business owners are emphasising on handmade-customised chocolate gift sets with premium packaging for a personalised gifting experience, supporting the chocolate bar packaging market.
Recently, with the growing concerns regarding sustainability, a steep rise in the demand for environment- friendly and biodegradable packaging is foreseen in the near future. As a result, many companies are switching to biodegradable and sustainable packaging, which is likely to influence the chocolate bar packaging market. Generally, superior and durable packaging is preferred by consumers so that the chocolate bars could be preserved for longer periods of time. Some brands use unique packaging, propelling a larger population to turn to them. While it plays a vital role in the external protection of the product, it also does play a part in the marketing of the product. Since chocolates have a large pool of end consumers, it is important to customise the packaging accordingly, in order to attract the targeted consumers.
Chocolate Bar Packaging Industry Definition and Major Segments
Chocolate bar packaging is an essential step in chocolate manufacturing, so that the product retains its essence and freshness during transit. Typically, chocolate bar packaging includes layers of materials such as aluminium foils for inner protection, and an outer layer for promotional and description purposes. The packaging depends upon the chocolate bar contents and the shipping duration expected.
On the basis of the materials used, the market is divided into:
Based on packaging type, the market is classified into:
- Secondary Packaging (pouches, bags)
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Chocolate Bar Packaging Market Trends
The need for sturdy double-layer protective packaging has increased significantly due to the growing demand for imported chocolates, supporting the growth of the chocolate bar packaging market. Owing to their heat-sensitive nature, chocolate bars are prone to a higher risk of spoilage during transportation from country-to-country and even from city-to-city. Apart from protection, chocolate packaging also encourages consumer acquisition by making use of convincing and distinctive elements, thereby making it easier for brands to differentiate from their competitors.
The growing popularity of consumer specific chocolate bars like diet-friendly, vegan or flavoured has led to a steep rise in the demand for well-labelled and informative chocolate bar packaging. For the increasingly health-conscious population, clear labelling indicating the calorie content, sugar content and the total usage of artificial flavours is an added boon and besides certain health benefits, it also ensures a guilt-free experience for them.
Another key trend in the chocolate bar packaging market is the increasing demand for chocolate bars in various sizes, ranging from extra-large packs for bulk purchasing, to small, mini-versions for on-the-go consumption. Different sized chocolate bars require specific packaging that takes into account the size, while maintaining the overall branding of the company.
Key Market Players
The major players in the chocolate bar Packaging market report are:
- Amcor Plc
- Swiss Pack
- Huhtamäki Oyj
- Keylink Limited
- Berry Global Inc.
- Mondi Group
- WestRock Company
- Pouch Direct Pty Ltd.
- Vantage House UK Ltd.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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