The bakery packaging market share is expected to increase by USD 8.52 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (flexible, rigid plastic, metal, and others) and geography (APAC, Europe, North America, South America, and MEA).
The bakery packaging market report also offers information on several market vendors, including Amcor Plc, AS Food Packaging, Genpak LLC, Mondi Group, Napco National, Pactiv LLC, Smurfit Kappa Group Plc, The Benson Box Co., The Unger Co., and WestRock Co. among others.
Amcor Plc - The company offers Dairy, Bakery, Bread and Cereals for bakery packaging. The flexible segment includes the development and supply of flexible packaging globally. This segment is the largest supplier of plastic, aluminium, and fibre-based flexible packaging.
What will the Bakery Packaging Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global bakery packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Bakery Packaging Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Bakery Packaging Market Driver
- One of the key factors driving growth in the market is the rising focus on improving the shelf life of products.
- The increase in the shelf life of products helps manufacturers to keep them for sale for a longer time and thereby reduce the wastage of the products.
- The increase in the shelf life also aids in the transportation and export of perishable products such as biscuits, cakes, pastries, and bread to different places without any damage.
- Flexible plastic packaging is effective in improving the shelf life of products. For instance, bread packaged in flexible plastic packaging has a prolonged shelf life.
Key Bakery Packaging Market Challenge
- The volatility in raw material prices will be a major challenge for the market during the forecast period.
- The different types of packaging materials used for the packaging of bakery include plastic, glass, metals, and paper. For example, cartons used in bakery packaging are produced either from recycled fiber mills or virgin fibers.
- The prices of both recycled fiber mills and virgin fibers constantly fluctuate, which is a major concern for end-users like carton producers.
- The instability in the prices of raw materials will result in the reduction of profit margins of vendors due to an increase in production costs. Hence, vendors are forced to increase their product pricing due to fluctuating raw material prices.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Bakery Packaging Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the bakery packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Bakery Packaging Market?
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40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for bakery packaging in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The developing food and beverages industry and growing adoption of western food sensibilities in emerging economies such as China and India are bolstering the growth of the market in APAC. The onslaught of e-commerce and food-tech companies and start-ups is also burgeoning the demand for bakery packaging solutions. This will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segments in the Bakery Packaging Market?
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The market share growth by the flexible segment will be significant during the forecast period. The unique selling proposition (USP) of flexible packaging is that it combines the best qualities of plastic, film, paper, and metal to offer a broad range of baked product-encasing factors. Other packaging solutions cannot offer this quality. These packaging materials facilitate effective portability. It saves space on shelves and reduces freight savings as well. The above factors drive business productivity and efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Bakery Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
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Market growth 2021-2025 |
$ 8.52 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.89 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, UK, Japan, and Italy |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Amcor Plc, AS Food Packaging, Genpak LLC, Mondi Group, Napco National, Pactiv LLC, Smurfit Kappa Group Plc, The Benson Box Co., The Unger Co., and WestRock Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Bakery Packaging Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of market vendors
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