The global chocolate bar packaging market was valued at approximately USD 47.61 billion in 2022 and is projected to grow to around USD 89.74 billion by 2032. This represents a steady compound annual growth rate (CAGR) of 6.55% from 2023 to 2032.
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The chocolate bar packaging market is experiencing several key trends that are shaping its growth and evolution:
The chocolate packaging industry is seeing a rise in the use of stick packs, driven by the growing demand for convenient, on-the-go options and eco-friendly packaging. Stick packs, a narrow and flexible alternative, are becoming increasingly popular due to their versatility and suitability for a variety of products, especially in the e-commerce space.
Stick packs offer several benefits, including user-friendly features like easy-open notches, making them simpler to handle, open, and dispense. Their sleek and modern design allows companies to offer both single-serving and multi-pack options, catering to a wide range of consumer preferences. Despite their slim profile, stick packs provide excellent product protection, with enhanced barriers that shield against moisture and oxygen.
Another significant advantage of stick packs is their eco-friendliness. They use 10-40% less material compared to standard packaging, take up less space in shipping and on store shelves, and produce lower carbon emissions. This makes them a sustainable choice for companies looking to reduce their environmental impact while meeting consumer demand for greener packaging solutions.
For example, in October 2023, Pakka, a leading compostable packaging manufacturer in India, introduced the country’s first compostable flexible packaging. This innovation, set to be used by the nutrition company Brawny Bear, highlights the industry’s shift towards more sustainable options.
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