Emerging markets such as India, China, and Africa etc. provide a huge growth potential for confectionery products.
Albany, NY -- (SBWIRE) -- 08/10/2018 -- Market Research Hub (MRH) has added a new research report titled "Confectionery Packaging Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027", to its broad online database. This analysis highlights the market status of confectionery packaging on the global level, with a stern focus on investment & manufacturer innovations. Through this report, readers are enlightened about the various packaging types for confectionery items that have steadily acquired importance among the global consumer population.
The study starts with the executive summary which includes market overview and market analysis. Further, readers can gain knowledge about market taxonomy, market viewpoint and opportunity analysis. The presence of Porter's Five Forces analysis delivers a clear insight about the competitive frequency prevailing in the global confectionery packaging market. The industrial packaging outlook is also part of this section which is followed by market value projection.
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Considering the geographical presence, emerging markets such as China, India and Africa offer a huge growth prospective for confectionery products. Among these, Africa is like to showcase second fastest growth in terms of consumption for confectionery packaging after Asia-Pacific. It is also analyzed that, this particular region will also witness an inflow of foreign investment concerned to manufacturing of confectionery products. The region of South Africa is estimated to exhibit progress based on income levels, further backing up the strong economic prospects of the African region.
The following section of the report presents a market bifurcation based on material type and packaging type. On the basis of material type, the prime divisions include plastic, metal, glass and aluminum foil. According to report specifics, the plastic segment was estimated to be valued at US$ 5,200 Mn in 2017 and is further projected to reach a valuation close to US$ 7,050 Mn by 2027. Furthermore, the major packaging types studied in the report are flexible packaging and rigid packaging. The sub-segments of flexible packaging includes wrappers, liners, stick packs & sachets and pouches; rigid packaging sub-segments include corrugated boxes, folding cartons, containers and trays. The global confectionery packaging market is also classified in terms of application and confectionery type, making the assessment a worthy source of data.
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The impact of e-commerce on the global confectionery packaging market is expected to rise in the coming years. This is connected to the demand for chocolate products online that has motivated several chocolate manufacturers to deliver new products and flavours. For example, Mondelez has combined with Amazon to develop a virtual chocolate and sweets store linked to Amazons online marketplace.
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