Confectionery Packaging Market To Grow 3.7% Through 2027

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Valley Cottage, NY — The confectionery packaging market, which was valued at $9.2 billion in 2017, is expected to register a compounded annual growth rate of 3.7 percent through 2027 to reach $13.2 billion, according to Future Market Insights (FMI).

Plastics are expected to remain the most popular material during the forecast period because of properties such as moisture resistance, according to FMI. Flexible packaging will outpace the overall market, with a projected growth rate of 4.3 percent through 2027.

Western Europe is expected to be a leading region for this packaging market, anticipated to grow 2.3 percent during the forecast period, FMI reports.