Opportunities in snack and confectionary packaging market

In 2015, the global market for functional additives and barrier coatings in savoury snacks was valued at $217.9 million. Going forward, the market is forecast to grow at an average rate of 3.6% per annum over the period 2016–21, reaching $270.2 million in 2021.
In 2015, the global market for functional additives and barrier coatings in confectionery was valued at $157.9 million. Acrylics is the largest market, but has seen the slowest growth in recent years. The fastest growing markets include SiOx and AlOx. The overall market is forecast to grow at an average rate of 4.8% per annum over the period 2016–21, reaching $208.6 million in 2021 (Press Release Smithers Pira, 27 October 2016).
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