Eh. It is no different than a lot of snack packages. Wrap each serving/couple servings in plastic and then put it in a bag or a box. It is egregious because it is a single chip. But that is one “serving” of the chip.
Of all the things wrong with these kinds of products, the packaging seems fine. Plastic for freshness, cardboard for durability.
That said, it very much brings to mind the futurama gag where the cookies and the creme are all individually wrapped to eat oreos. But this is not that.