According to the latest report by IMARC Group, “Global FMCG Packaging Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, 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), also called consumer packaged goods (CPG), are the high-demand products that are sold at relatively low prices. They include beverages, processed foods, vegetables, fruits, toiletries, etc. FMCG packaging solutions include plastic, metal, glass, paperboard, etc., which help protect the enclosed product from contamination by inhibiting the growth of microorganisms so as to maintain the quality of goods, ensure longer shelf life, provide unique packaging solutions for brands, etc.
FMCG Packaging Market Trends and Drivers:
The widespread adoption of protective packaging materials across the cosmetic, pharmaceutical, personal care, and food and beverage (F&B) sectors for maintaining the product efficacy and quality is primarily driving the FMCG packaging market. In line with this, FMCG companies are adopting modern technologies to incorporate innovative packaging solutions with improved quality, which is further catalyzing the market growth.
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Moreover, the rising environmental consciousness among consumers is propelling the usage of recyclable pouches and aluminum cans, owing to them being lightweight, stackable, strong, sustainable, etc., which is also augmenting the global market. In addition to this, the inflating popularity of online retail platforms and the expanding e-commerce distribution channel infrastructures are acting as significant growth-inducing factors.
Furthermore, the emerging trend of strategic collaborations between key players to develop aesthetically appealing and personalized packaging solutions that communicate, market, and advertise the brand identity and products is anticipated to fuel the FMCG packaging market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global FMCG Packaging Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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., and Toyo Seikan Group Holdings Ltd.
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:
Breakup by End Use Industry:
- Food and Beverages
- Cosmetic and Personal Care
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- 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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