Global Bakery Packaging Market Overview
The Bakery Packaging Market Size was estimated at 53.2 (USD Billion) in 2022. The Bakery Packaging Industry is expected to grow from 54.68(USD Billion) in 2023 to 70.0 (USD Billion) by 2032. The Bakery Packaging Market CAGR (growth rate) is expected to be around 2.78% during the forecast period (2024 - 2032).
Key Bakery Packaging Market Trends Highlighted
The bakery packaging market is driven by rising demand for convenient and sustainable packaging solutions, increasing consumer awareness of environmental issues, and growing e-commerce sales. Key market drivers include the need to protect bakery products from moisture, oxygen, and physical damage, as well as the desire for visually appealing packaging that enhances brand recognition.Opportunities for growth in the bakery packaging market include the development of sustainable packaging materials, such as biodegradable and compostable plastics, and the adoption of innovative packaging designs that improve product visibility and functionality. Trends in recent times include the shift towards personalized packaging, with customized designs tailored to specific customer preferences, and the use of augmented reality (AR) and other technologies to enhance the consumer experience.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bakery Packaging Market Drivers
Growing Demand for Convenience and On-the-Go Consumption
The fast-paced lifestyles of consumers have led to a surge in demand for convenient and portable food options. Bakery products, such as bread, pastries, and cakes, are increasingly being packaged in formats that cater to this need. Bakery packaging solutions that offer easy handling, resealability, and extended shelf life are gaining popularity, driven by the growing preference for on-the-go consumption. This trend is particularly evident in urban areas, where time-pressed consumers seek quick and convenient food options.
Rise of E-commerce and Online Food Delivery
The rapid growth of e-commerce and online food delivery services has presented new opportunities for the bakery packaging market. As consumers increasingly purchase bakery products online, the demand for packaging that ensures product freshness, protection during transit, and tamper-evident features has grown significantly. Bakery packaging solutions that meet these requirements are crucial for maintaining product quality and preventing damage during shipping and handling.
Sustainability and Environmental Concerns
The ongoing trend towards sustainability that is observed nowadays partially results from the growing consciousness of consumers towards the issues of natural preservation. The state of the bakery packaging market is not an exception. The manufacturers and other shareholders of the industry are working on applying the principles of a circular economy in terms of innovative packaging materials and designs. The cooperation of the companies within the industry and the government’s regulations makes a fruitful ground for the further development of sustainable packaging in the context of bakeries.
Bakery Packaging Market Segment Insights
Bakery Packaging Market Material Insights
Material Segment The material segment for the bakery packaging market is divided into Paperboard, Plastic, Metal, and Glass. Bakery packaging made of paperboard is currently the most popular due to its lightness, the ability to customize it in accordance with the branding strategy of the manufacturer, and the overall ecological factor. The disadvantages are vulnerability to moisture, tearing, and lower strength compared to plastic and metal. No other materials than paperboard can be easily recycled or composted after use by the buyer. Nowadays, over 35% of all packaging for bakery products in the world is made of this material, and they provide three major types of packs: cartons, trays, and wraps.The market is going to increase up to $25.6 billion by 2024, growing at 2.5% CAGR during 2022-2029. Plastic packaging is also widely used by producers of bakery products and is common for providing durable, transparent, moisture-resistance for all kinds of bakery products. Grain-based foods with extended shelf life features are commonly packed in plastic because of the advantages mentioned above. It is often used to wrap bread, crackers, cookies, and cereals. The market figures are expected to increase to $18.2 billion by 2024, growing at 2.2 % CAGR in 2022-2029.Metal packaging is widespread when extra protection, as well as temperature allowance, is needed. For example, it’s employed for packing and keeping proper temperature – frozen or cooled – on big distances the pastry, other bakery products, and such metal boxes or cases as. The market will reach $6.4 billion in 2024, with an increase of 2.0% CAGR during 2024-2032. Glass packaging is used by bakeries when a premium-look pack is needed. It’s a priority for packs of confectionery, cakes, and other pastries because of the attraction of the goods packed in glass-made packs.The market will reach $4.8 billion in 2024, with an increase of 1.8% CAGR during 2024-2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bakery Packaging Market Application Insights
The Bakery Packaging Market is segmented depending on application into Bread Baked Products, Pastries, Confectionery, and Pizza Pies. Of these segments, Bread Baked Products had the greatest market share of 42.3% in 2023 and is expected to take over the market during the period from 2024 to 2028. The increased demand for a more convenient packaging option for bread and baked products such as sliced bread, rolls, and buns is fundamentally driving the growth of this product segment. The usage of the products offered to consumers in such a form is accompanied by fewer sanitation concerns.The Pastries Confectionery segment is going to see contributing growth over the creep, driven by the growing popularity of to-go snacks and sweets. The fact that pastries and confectionery products are often viewed as premium products also adds to the increasing demand for specialized packaging of such kind. The Pizza Pies segment of the market will take the noticeable market share, driven primarily by the growing popularity of delivery and takeout pizza and pies. The packaging used to keep the items fresh and non-decaying on the way to the destination(s) and back again is of the utmost importance.
Bakery Packaging Market End-Use Industry Insights
The end-use industry segment of the Bakery Packaging Market comprises Industrial Food Services, Retail Supermarkets, and E-commerce. Industrial Food Services accounted for the largest share in 2023, with a market value of USD 22.34 Billion. This segment is expected to continue its dominance throughout the forecast period, owing to the increasing demand for packaged bakery products from the food processing and manufacturing industries. Retail Supermarkets held the second-largest share in 2023, with a market value of USD 18.67 Billion. The growth of this segment can be attributed to the rising popularity of ready-to-eat and convenience food products, as well as the increasing number of organized retail outlets.E-commerce is the fastest-growing segment, with a CAGR of 6.2% during the forecast period. The growth of this segment is being driven by the increasing penetration of e-commerce platforms and the convenience of online shopping.
Bakery Packaging Market Closure Type Insights
The Closure Type segment of the Bakery Packaging Market is projected to grow at a CAGR of 2.6% over the forecast period. This growth can be attributed to the increasing demand for convenient and eco-friendly packaging solutions. Bags Pouches: This is the largest segment in the Closure Type market, accounting for over 40% of the revenue. The growth of this segment can be attributed to the increasing popularity of single-serve packaging and the rising demand for flexible packaging solutions. Boxes Cartons: This segment is expected to grow at a steady pace over the forecast period.The growth of this segment can be attributed to the increasing demand for premium packaging solutions and the growing popularity of e-commerce. Wraps Films: This segment is expected to grow at a moderate pace over the forecast period. The growth of this segment can be attributed to the increasing demand for tamper-evident packaging solutions and the growing popularity of sustainable packaging solutions. Other Closures: This segment includes a variety of closure types, such as lids, caps, and seals. The growth of this segment can be attributed to the increasing demand for innovative and functional packaging solutions.
Bakery Packaging Market Printing Process Insights
The printing process is a crucial aspect of bakery packaging, shaping its aesthetic appeal and functionality. Flexographic printing is widely adopted due to its cost-effectiveness and ability to print on various substrates. Offset printing offers high-quality graphics and precision, catering to premium packaging needs. Inkjet printing, with its digital capabilities, enables customization and short-run production. In 2023, the bakery packaging market was valued at USD 54.68 billion, with the printing process segment accounting for a significant share.The increasing demand for visually appealing and sustainable packaging solutions is driving market growth. Flexographic printing is projected to hold a dominant position, while inkjet printing is expected to witness notable growth due to technological advancements.
Bakery Packaging Market Regional Insights
The regional segmentation of the Bakery Packaging Market offers valuable insights into the market's geographic distribution and growth dynamics. North America is expected to dominate the market with a significant share due to the presence of major bakery product manufacturers and consumers. Europe follows closely, driven by increasing demand for convenience and sustainable packaging solutions. APAC is projected to witness substantial growth over the coming years, fueled by rising disposable incomes and changing lifestyles. South America and MEA are emerging markets with untapped potential, presenting opportunities for market expansion and growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bakery Packaging Market Key Players And Competitive Insights
Major players in the Bakery Packaging Market industry are constantly striving for competitive advantage by implementing various strategies. These include product innovation, strategic alliances, and mergers and acquisitions. For instance, Amcor Limited, a leader in flexible packaging, acquired Bemis Company, Inc., a leading supplier of flexible and rigid plastic packaging, in 2019. This acquisition has strengthened Amcor's position as a major player in the bakery packaging market. Leading Bakery Packaging Market players are focused on developing sustainable packaging solutions. For example, Mondi Group, a provider of packaging and paper, has developed a range of paper-based packaging solutions for bakery products. These solutions are designed to be more environmentally friendly than traditional plastic packaging, catering to the increasing consumer demand for sustainable packaging. Bakery Packaging Market development has been influenced by the growing trend towards on-the-go consumption and the increasing popularity of online shopping. This has led to an increased demand for convenient and portable bakery packaging solutions.Amcor Limited is one of the world's largest packaging companies, with a strong presence in the bakery packaging market. The company offers a wide range of bakery packaging solutions, including flexible packaging, rigid packaging, and specialty packaging. Amcor has a presence and a large customer base, including many of the world's leading bakery companies. The company is focused on innovation and sustainability, and is constantly developing new and improved packaging solutions for the bakery industry.Mondi Group is another leading player in the bakery packaging market. The company is a provider of packaging and paper, and offers a wide range of bakery packaging solutions, including paper-based packaging, plastic packaging, and metal packaging. Mondi has a presence and a large customer base, including many of the world's leading bakery companies. The company is focused on sustainability and is constantly developing new and improved packaging solutions that are more environmentally friendly.
Key Companies in the Bakery Packaging Market Include
-
Huhtamaki Group
-
WestRock Company
-
Constantia Flexibles Group GmbH
-
Graphic Packaging Holding Company
-
Vipac Packaging
-
Berry Group, Inc.
-
Sonoco Products Company
-
Tetra Pak International S.A.
-
Sealed Air Corporation
-
Mondi Group
-
Smurfit Kappa Group plc
-
International Paper Company
-
Aluprint Packaging
-
Toyo Seikan Group Holdings, Ltd.
-
Amcor PLC
Bakery Packaging Market Industry Developments
The Bakery Packaging Market is projected to reach a value of USD 70.0 Billion by 2032, exhibiting a CAGR of 2.78% during the forecast period of 2024-2032. The market is driven by rising demand for convenient and sustainable packaging solutions for bakery products, increasing urbanization, and growing disposable income. Additionally, the growing popularity of online food delivery services is expected to further drive market growth. Recent news developments include the launch of eco-friendly packaging solutions by major players, such as Amcor's launch of its AmLite HeatFlex range of recyclable flexible packaging for bakery products.
Bakery Packaging Market Segmentation Insights
Bakery Packaging Market Material Outlook
-
Paperboard
-
Plastic
-
Metal
-
Glass
Bakery Packaging Market Application Outlook
-
Bread Baked Products
-
Pastries Confectionery
-
Pizza Pies
Bakery Packaging Market End-Use Industry Outlook
-
Industrial Food Services
-
Retail Supermarkets
-
E-commerce
Bakery Packaging Market Closure Type Outlook
-
Bags Pouches
-
Boxes Cartons
-
Wraps Films
-
Other Closures
Bakery Packaging Market Printing Process Outlook
-
Flexographic Printing
-
Offset Printing
-
Inkjet Printing
Bakery Packaging Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
Bakery Packaging Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
53.2(USD Billion) |
| Market Size 2023 |
54.68(USD Billion) |
| Market Size 2032 |
70.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.78% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Huhtamaki Group, WestRock Company, Constantia Flexibles Group GmbH, Graphic Packaging Holding Company, Vipac Packaging, Berry Group, Inc., Sonoco Products Company, Tetra Pak International S.A., Sealed Air Corporation, Mondi Group, Smurfit Kappa Group plc, International Paper Company, Aluprint Packaging, Toyo Seikan Group Holdings, Ltd., Amcor PLC |
| Segments Covered |
Material, Application, End-Use Industry, Closure Type, Printing Process, Regional |
| Key Market Opportunities |
Sustainable packaging solutionsInnovations in tamper-evident packagingRise in demand for customized packaging.Growth in ecommerce bakery salesIncreasing consumer preference for on-the-go packaging |
| Key Market Dynamics |
1 Increasing health consciousness2 Growing demand for convenience3 Rise of ecommerce4 Technological advancements5 Sustainable packaging solutions |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Bakery Packaging Market is expected to reach a valuation of USD 54.68 billion in 2023.
The Bakery Packaging Market is projected to grow at a CAGR of 2.78% from 2024 to 2032.
North America is expected to hold the largest market share in the Bakery Packaging Market in 2023, accounting for approximately 35% of the market.
Bakery packaging is primarily used to protect and preserve baked goods from external factors such as moisture, oxygen, and contamination. It also plays a crucial role in maintaining the freshness, taste, and quality of bakery products.
Some of the key competitors in the Bakery Packaging Market include Amcor, Mondi, Smurfit Kappa, Tetra Pak, and Bemis Company, Inc.
The growth of the Bakery Packaging Market is primarily driven by the increasing demand for convenience foods, the rising popularity of online food delivery services, and the growing awareness of sustainable packaging solutions.
The Bakery Packaging Market faces challenges such as the volatility in raw material prices, the stringent regulations governing food packaging, and the increasing competition from alternative packaging materials.
The latest trends in the Bakery Packaging Market include the adoption of sustainable packaging solutions, the use of innovative materials and technologies, and the growing demand for customized packaging solutions.
The COVID-19 pandemic had a significant impact on the Bakery Packaging Market, leading to a decline in demand due to disruptions in supply chains and reduced consumer spending. However, the market is expected to recover as the pandemic subsides.
The future prospects for the Bakery Packaging Market are positive, with continued growth expected over the next decade. The increasing demand for convenience foods, the rising popularity of online food delivery services, and the growing awareness of sustainable packaging solutions are expected to drive the market's growth.
