TMR study: Snack food packaging market to expand at CAGR of 4.3 percent during forecast period
The global snack food packaging market is expected to reach market valuation of US $25.9 billion by the end of 2031 from US $17 billion in 2020. Increasing intake of various packaged snack food products such as chips, bakery and confectionary, ready-to-eat food, etc. has accentuated the demand for innovative and efficient packaging solutions.
Packaging for snack food items plays a significant role in preserving the product's flavor, texture, and quality. Snack food packaging is becoming more popular among people of all age groups, prompting producers to introduce new and appealing package designs that help to maximize product visibility. In addition, as the urban population inclines toward snack foods, the demand for packaging solutions is also growing. Due to their bulk orders of packaged snack food products, city-based companies have increased their demand for improved packaging solutions.