PROSPECTS AND OPPORTUNITIES
Sweet spreads packaging to grow overall, despite continued declines for chocolate spreads and yeast-based spreads
Total retail volumes of sweet spreads packaging are forecast to grow at a compound annual growth rate (CAGR) of 5% during the forecast period, reaching 177 million units in 2029. While innovation and diversification are creating new opportunities within the broader sweet spreads category, the rising popularity of alternative spreads and economic pressures is expected to prevent growth for chocolate spreads and yeast-based spreads, resulting in decreased packaging volumes for these categories.
Thin wall plastic containers likely to gain share due to lightweight design
Over the forecast period, thin wall plastic containers is anticipated to continue its rise in overall sweet spreads packaging in South Africa, as this is expected to be increasingly used for packaging nut and seed based spreads, and will also benefit from the strong growth in packaging volumes expected for this category. While PET jars is anticipated to remain the dominant pack type for nut and seed based spreads, and will continue to see growth in packaging volumes, thin wall plastic containers is predicted to gain further share over the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Sweet Spreads Packaging industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Sweet Spreads Packaging industry in South Africa, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sweet Spreads Packaging in South Africa report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sweet Spreads Packaging in South Africa?
- Which are the major pack types and how are they performing in South Africa?
- Have there been any packaging legislative changes in the past 12 months?
- How are consumption trends impacting the packaging landscape?
- What are the key trends and latest product developments in packaging?
- How important are sustainability and recycling to consumers in South Africa?
- Where is future growth expected to be most significant?
Sweet Spreads Packaging in South Africa
KEY DATA FINDINGS
Surge in demand for smaller thin wall plastic containers drives growth in sweet spreads packaging
PET jars remains the main pack type in the biggest category, nut and seed based spreads
Rising raw material costs, sustainability regulations, and private label growth drive packaging changes
Sweet spreads packaging to grow overall, despite continued declines for chocolate spreads and yeast-based spreads
Thin wall plastic containers likely to gain share due to lightweight design
DISCLAIMER
The following categories and subcategories are included:
Sweet Spreads Packaging
- Chocolate Spreads
- Honey
- Jams and Preserves
- Nut and Seed Based Spreads
- Yeast-based Spreads
Sweet Spreads Packaging
This is the aggregation of chocolate spreads, honey, jams and preserves, nut based spreads and yeast based spreads.
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This report originates from Passport, our Sweet Spreads Packaging research and analysis database.
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