The global snack packaging market size was valued at USD 19.29 billion in 2023. The market is projected to be worth USD 20.07 billion in 2024 and reach USD 29.15 billion by 2032, exhibiting a CAGR of 4.77% during the forecast period.
Source:
https://www.fortunebusinessinsights.com/snack-packaging-market-110542
Snack packaging reflects quality, builds emotional connections, and enhances brand loyalty. It varies by snack type, shelf life, and sustainability goals. As modern life accelerates with longer commutes and increased workloads, demand for portable snack packaging that meets the needs of busy consumers is rising rapidly.
The COVID-19 pandemic had a limited impact on the food and beverage sector. Although plant shutdowns initially slowed growth, rising cases led consumers to stockpile snacks such as biscuits and bread, driving demand and boosting market growth.
Fortune Business Insights™ provides this information in its research report, titled “Snack Packaging Market, 2024-2032”.
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Plastic Segment Dominates owing to Superior Freshness and Convenience
As per material, the market is fragmented into plastic, paper & paperboard, metal, and others. Plastic is the leading material segment and is poised to witness noteworthy growth during the forecast period. Plastic packaging enhances freshness and offers convenient features such as reusability and resealability, making it a popular choice for snack foods.
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This report offers an in-depth overview of the snack food packaging market, highlighting major players, competitive landscape, and product/service types. It features Porter’s five forces analysis, market trends, and key industry developments, offering a detailed perspective on recent growth factors.
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Increasing Utilization of Flexible Packaging for Snack Foods to Stimulate Market Growth.
Flexible packaging offers excellent protection against odors, oxygen, light, and heat, preserving snack freshness and reducing food waste. Add-ons such as zippers and reseal stickers ensure multiple servings while maintaining product quality. Moreover, lightweight, unbreakable, and easy-to-handle bags, pouches, and wraps maximize shelf space and enhance product visibility, driving the adoption of flexible packaging in the market.
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