Chocolate Bar Packaging Market Outlook (2022-2032)
The chocolate bar packaging market is expected to grow at a CAGR of 6% during the period 2022-2032. The market is valued at US$ 48 Bn as of 2022. By 2032, the chocolate bar packaging market is expected to be valued at US$ 85.96 Bn.
Chocolate Bar Packaging Market Valuation (2022)
US$ 48 Bn
Chocolate Bar Packaging Market Projected Size (2032)
US$ 85.96 Bn
Chocolate Bar Packaging Market Anticipated CAGR (2022-2032)
When it comes to setting up a mood for any pleasant occasion, nothing comes close to chocolate in terms of making the occasion extra special. In order to maintain the sweet sanctity of chocolate, chocolate bar packaging manufacturers are deploying different methods to steer clear of the bonbon from any kind of contamination.
One of the methods employed by the manufacturers is the application of a model that ensures perfect packaging and makes use of sound machinery. Apart from that, the model works on the principle of automation, reducing human interference and emitting fewer carbon footprints. The model is known to work in synchronisation with a separate cartoning system.
The above-mentioned system is known to pack more than 200 bars of chocolate per minute in a tightly sealed primary wrap. The best part about this model is that it has the capacity to provide packaging for almost all sizes of chocolate bars.
Additionally, the manufacturers have made this system in such a manner that it is extremely easy to handle. These are operated using a touch screen and machine operators.
Apart from the above developments, the key players are also looking at ways to promote a more sustainable form of packaging. Keeping this in mind, they are finding ways to carry out the wrapping process using paper packaging. This is being developed in line with the aim of reducing plastic use by 25% and ensuring the fact that 100% of its packaging is reusable and recyclable.
The paper packaging is being achieved by maintaining certain machine performance criteria and keeping in mind the market acceptance standards. The process is being tested by launching several pilot tests in a region.
Furthermore, the key players are also implementing a fully integrated approach that covers vertical, horizontal, and secondary packaging. This is something which has allowed the key players to develop value-based solutions and ultimately scale up the process based on their requirements.
One of the biggest reliefs for the manufacturers was the fact that the machinery and packaging materials were effectively able to carry out the operations together, as manufacturers had a feeling that the machinery might alter the shape of the chocolate bars.
Chocolate Bar Packaging Market
Chocolates are commonly bought on an impulsive decision made by the buyer so packaging plays a vital role in sales of chocolate bars. Chocolate is a heat sensitive product hence chocolate requires packaging that particularly addresses the issue of maintaining quality in high temperature. Commonly multilayer packaging is used for packaging of chocolate bars.
Chocolate bars have a primary layer of very thin aluminum foil wrapped by a thin film of paper and a secondary packaging of plastic wrapper or a box. An aluminum layer is to protect the chocolate in case external packaging gets damaged, and secondary packaging is used by manufacturers for brand building and for communicating with the consumers about the product and the company.
Chocolate is consumed as a luxury product and as a common snack. Packaging manufacturer uses different packaging type and designs to justify the end use of the chocolate bars.
Regardless of the age chocolate is enjoyed by everyone across the world. However, as chocolates are not an essential part of diet, its demand in any region is co-related to the consumer disposable income and lifestyle in the region.
Chocolate Bar Packaging Market: Market Dynamics
The innovations in packaging play a significant role in improving the marketability of a product. Packaging market is estimated to be around US$ 824 Bn and is expected to grow at a CAGR of 4% over the forecast period. The use of chocolates for any celebrations and occasions is the key driver for supporting the demand for chocolate while influencing chocolate bar packaging market.
The need of protecting the chocolate from losing its integrity during transit and storing chocolate packaging can play a vital role. The ability of packaging to categorizing the chocolate as a luxury consumable or a regular snack can support the chocolate bar packaging market.
However, not being considered as a healthy snack for regular consumption the demand for chocolate bar packaging market may not proliferate. The function in the disposable income of a region may affect the demand for the chocolate in that region while significantly hampering the chocolate packaging market.
However, the increasing influence of the western culture in the eastern world can increase the consumption of the chocolate while providing new opportunities for the chocolate bar packaging market.
Chocolate Bar Packaging Market: Regional Outlook
Regionally global chocolate bar packaging market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Western Europe and Latin America region is expected to contribute for the major portion of chocolate bar packaging market over the forecast period owing to the cultural practices and consumer lifestyle supporting the demand for chocolates in the region. APEJ region is expected to follow the Western Europe owing to the presence of densely populated areas in the region.
The demand for chocolate bar packaging market in North America is expected to grow at a steady rate. While MEA and Eastern Europe is expected to exhibit a sluggish demand for chocolate bar packaging market over the forecast period.
Chocolate Bar Packaging Market- Key Players
Some major players of the chocolate bar packaging market are Swiss Pac Pvt. Ltd., ATP - Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
Chocolate Bar Packaging Market: Market Segmentation
Chocolate bar packaging market is segmented by material type and by packaging type.
Based on the types of materials used, chocolate bar packaging market is segmented into:
Based on the types of packaging, chocolate bar packaging market is segmented into:
- Secondary packaging (Pouches, Bags)