Modern Demand for Packaging of Confectionery Products
Introduction:
Emerging markets such as India, China, and Africa provide a huge growth potential for confectionery products. Africa is expected to experience the second fastest growth rate in terms of consumption for confectionery packaging after Asia-Pacific. This region is also witnessing an inflow of foreign investment in manufacturing of confectionery products. South Africa is expected to exhibit progress in terms of income levels, further supporting the strong economic prospects of the African region.
Future Market Insights presents a new report titled ‘Confectionery Packaging Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027’ that studies the performance of the global confectionery packaging market over a 10 year assessment period from 2017 to 2027. As per the assessment of Future Market Insights, the global confectionery packaging market is anticipated to touch a valuation of nearly $13,200 mn in 2027 and, in the process, exhibit a CAGR of 3.7 percent during the forecast period 2017-2027.
The global confectionery packaging market is segmented on the basis of confectionery type, material type, packaging form and region.
Packaging of Confectionery Products:
Confectionery items are commonly consumed by large sections of the populace and, in particular, is very popular amongst children and youth. There are various types of confectionery items available in the market - cakes, pastries, doughnuts, candies, wafers, chips, chewing gum, and chocolates. Some of the leading industries in the field of confectionery products are Cadbury, Nestle, Perfetti, Wrigley, Parle, Amul, and many more.
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