Between 2022 and 2032, the global FMCG packaging market is anticipated to develop at a CAGR of 5.7%, with 1.8 times higher revenues. Almost half of all sales for consumer items, including food and hygiene products, are in packaging.
The advent of e-commerce and online shopping, which has increased demand for durable packaging that can resist the rigours of shipping and handling, is one of the main factors driving growth in the FMCG packaging industry. Given that an increasing number of consumers prefer to buy goods online, packaging is a key component in FMCG firms’ efforts to set their products apart from those of rivals.
Another key trend in the FMCG packaging sector is the growing demand for sustainable and environmentally friendly packaging options. As consumers become more environmentally conscious, FMCG companies are under pressure to reduce their carbon footprint and adopt more sustainable packaging techniques. Also, there has been an increase in demand for packaging materials that are compostable and biodegradable.
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FMCG companies are prioritising user comfort and convenience along with environmental concerns when developing packaging solutions. Due to busy lifestyles and an increase in on-the-go consumption, easy-to-open, resealable, and portable packaging is greatly demanded. Several packaging types, including pouches, sachets, and single-serve containers, have been developed as a result. These package designs minimise waste while providing portability and ease.
Key Takeaways:
- Based on end use, sales in the food & beverage sector are projected to increase at a 6.1% CAGR through 2032.
- In terms of material, demand in the plastic segment will remain high.
- By material type, the rigid packaging segment is forecast to grow at a 5.5% CAGR over the assessment period.
- The U.S. will continue dominating the North America FMCG packaging market through 2032, with sales growing at a 5% CAGR.
- Sales in the India FMCG packaging market will grow at a robust 7.3% CAGR through 2032.
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Market Benefits
- The study provides an in-depth analysis of the global FMCG Packaging market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
Competitive Landscape
Leading players operating in the global FMCG packaging market are tailoring their services to more precise market niches by customizing products for various end users. In addition to this, players are investing in research and development to improve their product portfolios. For instance:
- In January 2022, PFF Group introduced fully recyclable food packaging product IMPACT-T that requires less plastic than PET packaging and enables increased use of post-consumer recycled (PCR) material, optimising the resources used.
- In January 2020, Amcor announced a partnership with Moda vacuum packaging solutions in North America and Latin America. Producers can obtain operational improvements and create total cost savings by integrating Amcor’s shrink bag and roll stock film for meat and cheese with Moda’sModa’s system.
Some of the leading companies operating in the market are:
- Berry Global Inc.
- Crown Holdings
- WestRock Company
- Sealed Air Corporation
- Sonoco Products Company
- Ball Corporation
- Kimberly-Clark Corporation
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Global FMCG Packaging Market By Category
By Product Type :
- Flexible Packaging
- Pouches & Sachets
- Stick Packs
- Bags & Sacks
- Foils & Films
- Rigid Packaging
- Boxes & Cartons
- Trays
- Tubes
- Containers & Jars
- Bottles
- Cans
- Blisters
By Material Type :
- Plastic
- Paper and Paperboard
- Metal
- Glass
- Others (Wood, Foam, etc.)
By End Use :
- Food & Beverage
- Pharmaceuticals
- Personal Care & Cosmetics
- Homecare Products
- Electronics
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