Latest industry study shows snack food packaging set for key global growth
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A fresh industry report has revealed that the snack food packaging market, valued at $19.2 billion last year, is expected to grow at a CAGR of 4.5 percent through the forecast period, reaching $26.25 Bn by 2030, writes Neill Barston.
The study, from Stellar Reearch has shown that the increasing demand for convenient, ready-to-eat snacks directly boosts the snack food packaging market, as manufacturers seek innovative packaging solutions to cater to consumer needs for portability, freshness, and portion control. This trend drives the adoption of flexible and sustainable packaging options, further expanding the market.
As Confectionery Production has previously reported from Sweets & Snacks Expo, the market in the US appears to be holding firm, while the rest of the world is showing some signs of resilience in the sector.
According to the report snack food packaging market is experiencing growth due to the increasing adoption of healthy lifestyles and the expansion of stores in urban areas. Consumers are leaning towards health-focused foods, with popular diets such as the Paleo, Ketogenic, Gluten-Free, and High Fat/High Protein diets being influenced by this trend.
As a result, there is a growing demand for sustainable packaging solutions as well as lightweight and flexible packaging. However, the market is facing challenges due to the environmental impact of plastic use and stringent government regulations. In response, the industry is exploring new materials and packaging technologies to enhance packaging lifespan, such as modified packaging (MAP).
Additionally, the adoption of digital printing in flexible packaging presents significant opportunities. Digital printing allows brands to quickly adapt to market needs by making last-minute design changes, adding SKUs, or including promotions, thereby increasing brand awareness and addressing environmental and regulatory challenges while meeting the growing customer base’s demands and ensuring business continuity.
Another significant finding in the latest study from Stellar research concerned the noting of The FDA’s decision to ban PFAS (perfluoroalkyl substances) in food packaging, such as those used in microwave popcorn bags and fast-food packaging, is a significant step forward in food safety.
As the group noted,PFAS, commonly known as forever chemicals are known for persisting in the environment and in the human body and are associated with serious health problems, including reproductive issues. This has led to stricter regulations and increased scrutiny of PFAS not only in the United States but worldwide. The upcoming EU-wide ban on PFAS in food packaging in Europe, set to take effect in mid-2026, affirms the agency’s commitment to eliminating these harmful substances.
How is the growth of the snack food packaging market expected to impact the industry according to the report?
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