A new report from Stellar Market Research forecasts the snack food packaging market will grow from USD19.29bn in 2023 to USD26.25bn by 2030, with a compound annual growth rate of 4.5%.
The report cites increasing demand for convenient, ready-to-eat snacks as a key driver, pushing manufacturers to develop innovative packaging for portability, freshness and portion control. This trend is boosting adoption of flexible and sustainable packaging options.
Growth is also attributed to healthier lifestyles and urban store expansion. Bakery and snack companies are leading sustainability efforts to address plastic waste, with nearly 70% of UK plastic waste coming from packaging.
The US market is highly regulated due to consumer demand and strict safety standards. It’s the world’s second-largest snack market. New growth opportunities are emerging in Asia-Pacific, especially China, Japan and India.
Find out more at: https://www.stellarmr.com