Between 2022 and 2032, the global Fast-Moving Consumer Goods (FMCG) packaging market is projected to grow at a compound annual growth rate (CAGR) of 5.7%, resulting in 1.8 times higher revenues. Packaging plays a crucial role in the FMCG industry, accounting for nearly half of all consumer product sales, including food and hygiene items.
The rise of e-commerce and online shopping has significantly contributed to the growth of the FMCG packaging industry. The increased demand for durable packaging that can withstand the challenges of shipping and handling is driven by the growing preference for online purchases. FMCG companies recognize the importance of packaging in differentiating their products from competitors in the online marketplace.
Sustainability and environmental considerations are also key trends in the FMCG packaging sector. As consumers become more environmentally conscious, there is a growing demand for sustainable and eco-friendly packaging options. FMCG companies are under pressure to reduce their carbon footprint and adopt packaging techniques that are more environmentally friendly. Compostable and biodegradable packaging materials are increasingly sought after.
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When developing packaging solutions, FMCG companies prioritize user convenience and environmental concerns. Packaging designs that are easy to open, resealable, and portable are highly sought after due to busy lifestyles and on-the-go consumption. Pouches, sachets, and single-serve containers are examples of packaging types that have been developed to minimize waste while providing convenience and portability.
In summary, the FMCG packaging market is projected to experience substantial growth driven by factors such as the rise of e-commerce, the demand for durable packaging, the emphasis on sustainability, and the focus on user convenience. As the industry evolves to meet these demands, innovative packaging solutions that balance functionality, sustainability, and consumer preferences are expected to thrive.
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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