The Worldwide Dessert Packaging Industry is Expected to Reach $943.2 Billion in 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Dessert Packaging Market Size, Trends and Growth Opportunity, By Material, By Type, By Technology, By Application, By End User, By Region and Forecast to 2027.” report has been added to ResearchAndMarkets.com’s offering.
The Global Dessert Packaging Market was valued at US$631.25 billion in 2021 and it is expected to reach at US$943.2 billion in 2027 at a CAGR of 6.07% during forecast period 2022-2027.
Companies Mentioned
- Bayer AG (Germany)
- H.C. Starck GmbH (Germany)
- AGC SEIMI CHEMICAL CO. Ltd. (Japan)
- BASF SE (Germany)
- DuPont (U.S.)
- Merck & Co. Inc. (U.S.)
- Evonik Industries AG (Germany)
- Sumitomo Chemical Co. Ltd. (Japan)
- Heliatek GmbH (Germany)
- Novaled GmbH. (Germany)
Packaging is crucial for all food items, but desserts in particular. Desserts must be properly packed and stored in the container to prevent microbiological growth, such as the growth of fungi or bacteria, which could cause them to spoil. One component of packing is keeping desserts from spoiling, but there are also appearance and attraction considerations. Desserts are typically packaged in metal cans, glass jars, plastic bowls, and paperboard boxes.
Market Drivers
Consumer demand for green packaging for the packaging of desserts has increased globally due to growing environmental concerns, and this demand is anticipated to boost the market’s growth pace. Additionally, expanding urbanisation and rising disposable income will also contribute to a rise in market value.
The market for dessert packaging is being driven by consumer lifestyle changes and retail sector expansion. Growing consumer awareness of biodegradable and environmentally friendly dessert packaging and rising packaged dessert demand are anticipated to accelerate market expansion.
Market Restraints
The growth of the dessert packaging market will be constrained by fluctuating raw material costs and high production expenses. Additionally, the lockdowns that have been established as a result of the COVID-19 epidemic have shut down activities throughout the economies, which has had a huge negative impact on the market for dessert packaging.
Impact of COVID-19 on Dessert Packaging Market
The manufacture of desserts has been severely halted due to the COVID-19 epidemic, which has also had an impact on the market for dessert packaging. The supply chain, production, and income for the dessert market have all been impacted by the coronavirus outbreak.
Globally, there is an imbalance between the supply and market demand for desserts due to a shortage of transportation, interrupted distribution channels, and supply chains for the raw materials used to package desserts. On the other hand, the market for dessert packaging is slowly expanding because to the expansion of internet purchasing.
Market Segmentation
By Material
- Paper And Board
- Plastic
- Glass
- Other
By Type
- Rigid
- Semi-Rigid
- Flexible
By Technology
- Map Packaging
- Skin Packaging
- Others
By Application
- Dairy
- Bakery
- Confectionery
- Convenience Foods
- Other
By End User
- Foodservice Outlets
- Institutional Foodservice Facilities
- Online Delivery Portals
Key Question Addressed by the Report
- What are the Key Opportunities in Global Dessert Packaging Market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
- What is the competitive Landscape in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/fgkuei
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