The latest research study “FMCG Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global FMCG packaging market reached a value of US$ 672.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 901.2 Billion by 2027 exhibiting a CAGR of 4.70% during 2022-2027.
Fast-moving consumer goods (FMCG), or consumer-packaged goods (CPG), are a set of high-demand products sold at a relatively low cost. Some commonly sold FMCG items are baked goods, vegetables, fruits, frozen food, dry goods, toiletries, beverages, and processed food. These products are packed using various materials, including metal, glass, bioplastics, plastic, paperboard, and boxes, to protect the product from contamination and eliminate the growth of microorganisms. As a result, FMCG packaging is widely adopted in the food and beverage (F&B), household, personal care, pet care, tobacco products, pharmaceuticals, and cosmetic industries.
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FMCG Packaging Market Trends and Drivers:
The market is primarily driven by the widespread adoption of protective packaging materials across various industrial verticals for maintaining product quality and efficacy while increasing their shelf life. Additionally, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, consumers are widely opting for online e-commerce and retailing distribution channels for buying necessary products, which is accelerating the product adoption rate. Moreover, FMCG companies are adopting modern technologies to introduce innovative packaging solutions with high quality that preserve the nutritional value of the product, which acts as another major growth-inducing factor.
Besides this, the rising environmental consciousness has also prompted beverage manufacturers to use recyclable pouches and aluminum cans as they are lightweight, strong, stackable, and sustainable in nature, which is providing a positive thrust to the market growth. Furthermore, the increasing strategic collaborations between the key market players for launching aesthetically appealing, personalized and durable packaging solutions to protect contents from dust, sun exposure, temperature, moisture, bacteria, and viruses are further propelling the market growth.
FMCG Packaging Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Albéa Group
- Amcor plc
- AptarGroup Inc.
- Ball Corporation
- Berry Global Inc.
- Consol Glass (Pty) Ltd
- Crown Holdings Inc.
- DS Smith PLC
- Graham Packaging Company
- Sealed Air Corporation
- Sonoco Products Company
- Tetra Pak International S.A.
- Toyo Seikan Group Holdings Ltd.
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Key Market Segmentation:
The report has segmented the market on the basis of region, packaging type, material and end use industry.
Breakup by Packaging Type:
- Flexible Packaging
- Rigid Packaging
Breakup by Material:
- Paper
- Plastic
- Metal
- Glass
- Others
Breakup by End Use Industry:
- Food and Beverages
- Cosmetic and Personal Care
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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