The global Fast-Moving Consumer Goods (FMCG) packaging market is projected to experience substantial growth over the next decade. According to a recent analysis by Future Market Insights (FMI), the market is expected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period, starting from a revenue base of USD 443.1 billion in 2023 and anticipated to surpass USD 778.7 billion by 2033.
Core Concepts in the FMCG Packaging Industry
- Market Size in 2023: US$ 443.1 billion
- Estimated Market Size by 2033: US$ 778.7 billion
- Leading Market Players: Berry Global Inc., Crown Holdings, WestRock Company
- Key Driver for Market Growth: Increasing adoption of intelligent packaging
- United States Market Share in 2022: 18.9%
Key Drivers of Market Growth:
- Intelligent Packaging Revolution:
- The rise of intelligent packaging is significantly transforming the FMCG packaging landscape. By incorporating technology-enabled features, such as barcodes, QR codes, temperature, and moisture indicators, intelligent packaging offers consumers a value-added experience. These innovations allow consumers to quickly access detailed product information, ensuring better decision-making and enhancing the overall shopping experience.
- Intelligent packaging, including Modified Atmospheric Packaging (MAP) and Vacuum Atmospheric Packaging (VAP), is also proving crucial in extending the shelf life of perishable goods. As more brands recognize the benefits of smart packaging in establishing a strong market presence, a growing number of companies in the food & beverage and pharmaceutical sectors are transitioning from traditional to intelligent packaging formats.
- E-Commerce Boom Driving Demand:
- The explosive growth of the e-commerce sector is another significant factor propelling the FMCG packaging market. With consumers increasingly favoring online shopping over traditional brick-and-mortar stores, there is a rising demand for packaging solutions that ensure the safe and secure delivery of products.
- The surge in mobile device usage, combined with the popularity of home delivery services, is further boosting online retail sales. This trend is particularly evident in the demand for ready-to-eat and frozen foods, which require specialized packaging formats to maintain product integrity during transit.
Market Outlook:
- The increasing adoption of intelligent packaging and the ongoing expansion of the e-commerce sector are set to drive significant growth in the FMCG packaging market. According to FMI, an overwhelming 98% of consumers now prefer intelligent packaging solutions, marking a pivotal shift in the packaging industry.
- As urbanization continues to rise and consumer lifestyles evolve, the demand for innovative, sustainable, and smart packaging solutions is expected to grow. Companies that prioritize these trends will be well-positioned to capitalize on the burgeoning market opportunities.
Key Points
- The United States market leads the FMCG packaging market in terms of market share in North America. The United States region held a market share of 18.9% in 2022. The growth in this region is owing to the restored FMCG product line, and higher consumption of ready-to-eat food items. The North American region held a share of 28.5% in 2022.
- Germany’s FMCG packaging market is another significant market in the European region. The market held a market share of 7.1% in 2022. The growth is attributed to higher government efforts and increased support for sustainable business ideas and adoption. Europe held a market share of 24.3% in 2022.
- The Indian FMCG packaging market thrives at a leading CAGR of 7.4% during the forecast period. The market’s growth is attributed to the expansion of sustainable businesses, and proliferating e-commerce penetration.
- Chinese FMCG packaging market also thrives at a CAGR of 6.0% between 2023 and 2033. The growth is attributed to the large FMCG consumer base and higher imports.
- Based on product type, the rigid packaging segment held the leading market share of 63.9% in 2022. The growth is attributed to the increased strength, durability, and recycling capabilities.
- Based on end use, food, and beverages consumed most of the market as it held a leading market share of 56.2% in 2022.
Competitive Landscape
The key vendors work on using environmentally friendly and bio-degradable materials in their solutions. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
Key Players
- Berry Global Inc.
- Crown Holdings
- WestRock Company
- Sealed Air Corporation
- Sonoco Products Company
- Ball Corporation
- Kimberly-Clark Corporation
- Mondi Plc
- Huhtamaki Oyj
- Ardagh Group S.A.
Recent Market Developments
- Sonoco Products Company has introduced material expertise and sustainable flexible packaging solutions. Some of the common packaging types that the company offers include flexible packaging, rigid paper containers, rigid plastic, and blister packaging.
- Ball Corporation has introduced the total advertising and packaging package for the end user companies of different levels.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/110 Key Segments Covered
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
- Others (Office Supplies, Textiles, etc.)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube