Bakery Packaging Market Trends and Forecast
The future of the global bakery packaging market looks promising with opportunities in the bread, cake, pastry, biscuit, breakfast cereal, frozen bakery, and frozen dessert markets. The global bakery packaging market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rise of e-commerce platforms and on-the-go consumption habits, rising consumer preference for sustainable and eco-friendly packaging solutions, and expansion of the bakery sector.
• Lucintel forecasts that flexible is expected to witness the highest growth over the forecast period.
• Within this market, bread is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States - Subway announced plans to transition to eco-friendly bakery packaging, aiming to use 100% compostable or recyclable materials by 2023. Government initiatives include grants for bakery businesses to adopt sustainable packaging practices and reduce environmental impact.
Germany - Aldi introduced innovative bakery packaging with reduced plastic usage, aligning with government targets to minimize single-use plastics. Collaboration with packaging suppliers supports industry efforts toward eco-friendly and cost-effective bakery packaging solutions.
China - BreadTalk, a bakery chain, launched a pilot project for biodegradable bakery packaging, supported by government subsidies for eco-friendly initiatives. The governmentÄX%$%Xs push for green manufacturing fosters adoption of sustainable bakery packaging materials and technologies among bakery businesses nationwide.
Brazil - Bauducco, a leading bakery products manufacturer, announced investments in research and development of recyclable bakery packaging, in line with government regulations promoting sustainability in the food packaging industry. Government incentives encourage companies to achieve targets for reducing plastic waste in packaging.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bakery Packaging by Segment
The study includes a forecast for the global bakery packaging by type, application, and region.
Bakery Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Flexibles
• Rigid Plastic
• Metal
• Others
Bakery Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Bread
• Cakes
• Pastries
• Biscuits
• Breakfast Cereals
• Frozen Bakery
• Frozen Desserts
Bakery Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bakery Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bakery packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bakery packaging companies profiled in this report include-
• Amcor
• Crown Holdings
• Benson Box
• Brow Packaging
• Genpak
• Wipak
• Mondi
Recent Development in the Bakery Packaging Market
Subway: Subway unveiled a new line of bakery packaging made from recycled and compostable materials, aiming to reduce environmental impact and promote sustainability in the bakery industry.
Aldi: Aldi announced a packaging redesign initiative for its bakery products, introducing innovative packaging solutions with reduced plastic usage and improved recyclability to address environmental concerns.
BreadTalk: BreadTalk launched a collaboration with packaging suppliers to develop biodegradable bakery packaging materials, ensuring product freshness while minimizing environmental footprint and promoting eco-friendly practices in the bakery sector.
Bauducco: Bauducco introduced a comprehensive sustainability program for its bakery packaging, including investments in recyclable packaging materials and infrastructure to reduce plastic waste and promote circular economy principles in the bakery industry.
Features of the Global Bakery Packaging Market
Market Size Estimates: Bakery packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bakery packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Bakery packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the bakery packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bakery packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for bakery packaging market?
Answer: The global bakery packaging market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the bakery packaging market?
Answer: The major drivers for this market are rise of e-commerce platforms and on-the-go consumption habits, rising consumer preference for sustainable and eco-friendly packaging solutions, and expansion of the bakery sector.
Q3. What are the major segments for bakery packaging market?
Answer: The future of the global bakery packaging market looks promising with opportunities in the bread, cake, pastry, biscuit, breakfast cereal, frozen bakery, and frozen dessert markets.
Q4. Who are the key bakery packaging market companies?
Answer: Some of the key bakery packaging companies are as follows:
• Amcor
• Crown Holdings
• Benson Box
• Brow Packaging
• Genpak
• Wipak
• Mondi
Q5. Which bakery packaging market segment will be the largest in future?
Answer: Lucintel forecasts that flexible is expected to witness the highest growth over the forecast period.
Q6. In bakery packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bakery packaging market by type (flexibles, rigid plastic, metal, and others), application (bread, cakes, pastries, biscuits, breakfast cereals, frozen bakery, and frozen desserts), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bakery Packaging Market Market, Bakery Packaging Market Market Size, Bakery Packaging Market Market Growth, Bakery Packaging Market Market Analysis, Bakery Packaging Market Market Report, Bakery Packaging Market Market Share, Bakery Packaging Market Market Trends, Bakery Packaging Market Market Forecast, Bakery Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.