The global FMCG packaging industry is projected to grow at a CAGR of 5.7% between 2022 and 2032, with 1.8 times larger revenues. Packaging accounts for over half of all consumer product sales, including those of food and hygiene items.
One of the key factors propelling growth in the FMCG packaging business is the rise of e-commerce and online shopping, which has raised demand for robust packaging that can withstand the rigours of shipping and handling. Given that more consumers are choosing to purchase items online, packaging plays a crucial role in FMCG companies’ efforts to differentiate their products from those of competitors.
The increasing demand for environmentally friendly and sustainable packaging choices is another significant development in the FMCG packaging industry. FMCG firms are under pressure to lower their carbon footprint and implement more sustainable packaging strategies as consumers become more ecologically aware. Additionally, there has been an increase in demand for biodegradable and compostable packaging materials.
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When developing packaging solutions, FMCG firms prioritise customer comfort and convenience as well as environmental issues. Easy-to-open, resealable, and portable packaging are in high demand due to busy lives and a growth in on-the-go consumption. As a result, a variety of packaging formats, including as pouches, sachets, and single-serve containers, have been created. These packaging layouts limit waste while allowing for portability and simplicity.
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.
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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
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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