New York — Global sales for confectionery packaging are anticipated to increase 2.3 percent by 2027, hitting a value of $11.1 billion, according to ReportLinker.com. The market was estimated to be worth $9.5 billion in 2020.
Plastic packaging sales are expected to grow 1.9 percent during the period, reaching a total of $6.2 billion, while paperboard and paper sales are projected to rise 3.3 percent during the forecast period, according to the market research company.
China is anticipated to see sector sales soar 4.3 percent during the period, hitting a total of $2.2 billion. Japan and Canadian markets are expected to increase 0.5 percent and 1.7 percent, respectively, while Germany’s confectionery packaging market is projected to increase 1 percent, according to ReportLinker.com.