Consumers push the trends in this market, which include flavor diversity, health and wellness appeal, convenience/resealability and clean label. There are opportunities for manufacturers, such as sustainable processes and increased productivity levels, to keep up with demand.
A Global Data report cites that the snack food market is valued at U.S. $96.6 billion and expected to grow at a CAGR of 6% until 2021. The growing demand for snacks is also having a positive impact on the flexible packaging industry. Bags and sachets are still the most used container type, with a 90% market share. They’re cost-effective to manufacture, easy to transport and convenient for the consumer.