GITNUX MARKETDATA REPORT 2024

Snack Food Packaging Industry Statistics

The snack food packaging industry is experiencing steady growth globally, with an increasing demand for convenient, portable, and sustainable packaging solutions.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the latest statistics and trends shaping the snack food packaging industry. From the significant market value in 2020 to the projected growth rates and consumer preferences, these statistics provide valuable insights into the dynamic landscape of snack food packaging. Join us as we dive into the key data points driving innovation and sustainability in this thriving industry.

Statistic 1

"The global snack food packaging market was valued at approximately USD 35 Billion in 2020."

Statistic 2

"The Asia-Pacific region is expected to register the highest growth rate for snack food packaging from 2020-2027."

Statistic 3

"In 2020, flexible packaging was the most popular packaging type in the snack food industry, holding over 65% of the market share."

Statistic 4

"The demand for sustainable packaging is growing in the snack food packaging industry with around 52% of consumers saying that they would pay extra for sustainable features."

Statistic 5

"The paperboard segment held a significant share of over 23% in the snack food packaging market in 2020."

Statistic 6

"The US held over 80% of the North American snack food packaging market in 2020."

Statistic 7

"There has been a growth of 9% in the potato chips segment of snack foods, heavily benefiting the packaging industry."

Statistic 8

"Approximately 77% of consumers prefer resealable packaging when it comes to snack food packaging."

Statistic 9

"By 2022, the consumption of packaged snacks is expected to grow by 5% globally, augmenting the snack food packaging industry."

Statistic 10

"The plastic segment in the snack food packaging industry was expected to grow at a CAGR of over 3.7% from 2021 to 2026."

Statistic 11

"Snack food packaging manufactured from Aluminum is projected to escalate at a CAGR of 4.0% during the forecast period 2020-2025."

Statistic 12

"The demand for high barrier flexible packaging is increasing and anticipated to grow at a CAGR of 4.5% during the forecast period."

Statistic 13

"The corn snacks segment is expected to witness the fastest growth in the snack packaging market during the period 2020-2027."

Statistic 14

"The North American snack food packaging market is expected to exhibit a CAGR of 3.1% during 2019-2024."

Statistic 15

"The use of biodegradable materials for snack food packaging is expected to grow at a CAGR of 15.1% by 2025."

Statistic 16

"The market for retort packaging in the snack food industry is expected to grow at a CAGR of 6.41% between 2020 and 2027."

Statistic 17

"It is expected that e-commerce will play a crucial role in the snack food industry, influencing the packaging market, which should grow by at least 18% by 2022."

The snack food packaging industry is experiencing significant growth and evolution, propelled by various key statistics. With the global market valued at USD 35 billion in 2020, the Asia-Pacific region is poised for the highest growth rate, while flexible packaging remains the preferred choice. Sustainable packaging is increasingly in demand, with consumers willing to pay extra for environmentally friendly options. Regions such as the US and segments like potato chips are driving market expansion, alongside a preference for resealable packaging. Projections indicate continued growth in consumption, particularly in segments like corn snacks and the use of biodegradable materials. E-commerce is also set to play a vital role, expected to drive substantial market growth by 2022.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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