Growing demand from e-commerce industry has been regarded as a vital factor that is expected to support growth prospects of FMCG packaging market in the forthcoming years. E-commerce sector is one of the major contributors in increasing revenue growth of FMCG packaging market. This sector’s growth is attributed towards rising demand for protective packaging for delivering small-sized products coupled with convenient packaging options.
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Pharmaceuticals Industry Anticipated to Dominate FMCG Packaging Market
Pharmaceutical pre-fillable inhalers and pouches are likely to witness rapid growth in FMCG packaging market during the forecast period on account of growing number of allergic and asthmatic patients. New innovations and therapies constantly occurring in pharmaceutical industry will further create growth avenues for FMCG packaging market.
Asia-Pacific to Boast Growth Opportunities for FMCG Packaging Market
Favorable economic conditions and demographics in Asia-Pacific has been driving the region’s FMCG packaging market during the forecast period. Multinational companies are planning to eye on Asia-Pacific for business expansion and to attain a competitive edge in the global market. Key players and manufacturers in Asia-Pacific FMCG packaging market are taking immense efforts by customizing and launching their existing products to cater to new consumer demands.
Fast-moving consumer goods are the high volume, low priced items that are quickest to leave the supermarket shelves. They include durable and non-durable goods such as cosmetics, toiletries, detergents, batteries, plastic goods, paper products, etc. Packaging is vital to the FMCG market as it is an essential element for proper positioning of the product. Packaging allows effective communication between consumers and brand owners through graphics, colours, images, product information and logos. This serves as an important medium for communication and a tool for companies to distinguish product appearance from that of their rivals. In the fast-moving consumer goods (FMCG) sector, packaging plays a key role in affecting consumer choice and thus an important factor in point-of-purchase decisions. Nowadays, the marketing environment has become competitive and complex. This is due to inclusion of modern marketing tools such as packaging, branding and other aspects at a large scale as compared to basic marketing techniques.
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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the FMCG Packaging market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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FMCG Packaging Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the FMCG Packaging market. Competitive information detailed in the FMCG Packaging market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the FMCG Packaging market report.
Key players covered in the report include:
Kimberly-Clark, Altria Group, Kraft Foods, Mondel?z International Inc., Philip Morris International Inc., Unilever Group, Amcor Limited and Tetra Pak International.
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Important Questions Answered in the FMCG Packaging Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global FMCG Packaging market been expanding during the forecast period?
How will the global FMCG Packaging market look like by the end of the forecast period?
What innovative strategies are adopted by FMCG Packaging market players to stay ahead of the pack?
What are the restraints affecting the growth of the global FMCG Packaging market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the FMCG Packaging market
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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