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According to MRFR analysis, the global Snack Food Packaging Market is expected to register a CAGR of 4.3% from 2022 to 2030 and hold a value of over USD 25.9 billion by 2030.
Snack food packaging refers to the packaging materials and containers that are used to package snack foods, such as chips, crackers, nuts, and other types of snack foods. Snack food packaging is designed to protect the contents of the package and to keep the snack foods fresh and appetizing. Snack food packaging is used in a wide range of applications, including retail, food service, and other industries.
The COVID-19 pandemic has had some impact on the production and sales of snack food packaging, but the overall impact has been relatively limited. The demand for snack food packaging has remained relatively stable during the pandemic, as snack foods are a popular and convenient food choice for many people. However, the pandemic has disrupted some supply chains and there have been some delays in the production and distribution of snack food packaging.
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Regional Analysis
The North American snack food packaging market is expected to see significant growth in value over the forecast period. This is due to the presence of tier-1 manufacturers in countries like the US and Canada. These market players are likely to play an active role in strengthening their market position through strategic alliances for the expansion of their global presence.
Market Segmentation
The Global Snack food Packaging market has been segmented into type and application.
Based on the type, the market has been segmented into flexible packaging and rigid packaging.
Based on the material, the market has been segmented into plastic, paper, metal, and others.
Based on the application, the market has been segmented into bakery snacks, candy & confections, savory snacks, nuts & dried fruits and others.
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Key Players
Some of the key market players are Sonoco Products, Graham Packaging Holdings, Bemis Company, Amcor, Swiss pack private limited, Sealed Air Corporation, American Packaging, Bryce Corporation, Clondalkin Group, Huhtamaki Global, ProAmpac, and Modern-Pak Pte Ltd.
Industry News
Consumers want snack packaging that is easy to open, keeps products fresh, and easy to carry for on-the-go snacking. And research shows that consumers are willing to pay a 10-50% premium for product packaging that meets this criteria. Specialized snacks such as organic snacks can especially benefit from the value-added package features we offer.
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