Global Chocolate Bar Packaging Market Analysis and Forecast, 2019-2028

The global chocolate bar packaging market is projected to grow at a CAGR of around 5% during the forecast period of 2023-2028. The chocolate bar packaging market comprises packaging materials and formats used for packaging chocolate bars for sale to consumers. The growth of the global chocolate bar packaging market is primarily driven by the increasing demand for premium and personalized chocolate bars, particularly among younger consumers. Additionally, the growth of the global confectionery market, particularly in emerging markets, is driving the demand for chocolate bar packaging.

The report identifies several trends in the global chocolate bar packaging market, including the increasing use of sustainable and eco-friendly packaging materials, such as paper and bioplastics, to address environmental concerns. The report also notes the growing adoption of smart packaging technologies, such as QR codes and NFC tags, to provide consumers with information about the product, its origin, and its ingredients.

Key Segmental and Regional Analysis

Based on the packaging format, the RationalStat report identifies the flexible packaging segment as the largest segment of the global chocolate bar packaging market, accounting for the majority of the market share. This is due to the flexibility and convenience offered by flexible packagings, such as pouches and bags, which are ideal for on-the-go consumption.

Regionally, the report identifies Europe as the largest market for chocolate bar packaging, driven by the high consumption of chocolate in the region, particularly in countries such as Switzerland, Belgium, and Germany. The report also highlights the growing demand for chocolate bar packaging in Asia-Pacific, particularly in countries such as China and India, where the confectionery market is rapidly growing.

Market Structure and Competitive Landscape

Some of the prominent players that contribute significantly to the global chocolate bar packaging market growth include Amcor Limited, Bemis Company, Inc., Mondi Group, Constantia Flexibles Group GmbH, Berry Global, Inc., Sealed Air Corporation, Huhtamaki Oyj, Coveris Holdings S.A., Smurfit Kappa Group plc, Sonoco Products Company. etc. among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, and product launches are some of the strategies followed by industry players.

Key Market Segmentation

RationalStat has segmented the global chocolate bar packaging market on the basis of key segments and regions.

• Segment 1
  • Sub-segment A
  • Sub-segment B
  • Detailed sub-segment as mentioned in the ToC will be provided
• Segment 2
  • Sub-segment A
  • Sub-segment B
  • Detailed sub-segment as mentioned in the ToC will be provided
• Segment 3
  • Sub-segment A
  • Sub-segment B
  • Detailed sub-segment as mentioned in the ToC will be provided
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.