Global Bakery Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Inert Gas Packaging, Gas Packaging, Active Packaging, Vacuum Packaging), By Packaging Type (Thermoforming, Tray Sealing, Horizontal Flow Wrap, Vertical Flow Wrap, Shrink Wrap), By Packaging Material (Glass, Metal, Plastic, Paper), And By Geography - Forecasts From 2023 To 2028

The global bakery packaging market is expected to witness a CAGR of 4.84% during the forecast period. The reason behind the progressive growth of this sector is the increase in the shelf-life of baked products owing to the extensive use of modern technologies like vacuum packaging and inert gas packaging along with others. The technologies used to result in the longer shelf life of bakery products, reduction of rancidity and deterioration of food items controls the odor, taste, and color, maintain the crispness, and prevent microbial growth. Other than protection and prevention of inside products these innovative packaging solutions provide product information along with the promotion of corporate identity. Advantages such as affordable price and convenient storage will lead to driving the demand for different packaging solutions over the next five years.

On the basis of geography, the bakery packaging market is segmented into North America, Europe, the Middle East & Africa, Asia-Pacific, and South America. North America will lead the global bakery packaging market during the forecast period. Asia-Pacific would experience a surge in bakery packaging solutions demand over the forecast period owing to changes in eating habits and high consumption of baked products.

The bakery packaging market is competitive due to the presence of well-diversified international, regional, and local players. However, some big international players dominate the market share owing to their brand image and market reach. With a high market growth rate and increase in demand, this sector is attracting more players resulting in an enhanced competitive rivalry within the industry.

Some of the players in the bakery packaging market include Smurfit Kappa, Mondi Group, Reynolds Group Holdings Limited, WestRock, Sealed Air, Stora Enso, Amcor Limited, Ball Corporation, Napco, and Genpak, LLC.

Segmentation

The bakery packaging market is segmented as technology, packaging type, packaging material, and geography.

• By Technology

• Inert Gas Packaging
• Gas Packaging
• Active Packaging
• Vacuum Packaging

• By Packaging Type

• Thermoforming
• Tray Sealing
• Horizontal Flow Wrap
• Vertical Flow Wrap
• Shrink Wrap

• By Packaging Material

• Glass
• Metal
• Plastic
• Paper

• By Geography

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific