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.
Industry Definition and Application:
Fast-moving consumer goods (FMCG), also known as consumer-packaged goods (CPG), refer to a set of high-demand products sold at a relatively low cost. Some of the most commonly sold FMCG items include frozen food, dry goods, baked goods, vegetables, fruits, toiletries, beverages, and processed food. These products are packed with varying materials, including plastic, metal, glass, bio-plastics, boxes, and paperboard, to protect the product from contamination and eliminate the growth of microorganisms. This packaging also helps manufacturers to ensure longer shelf life, maintain the quality of goods, and market their brands through personal packaging. Owing to these properties, there is an escalating demand for high-quality packaging solutions across the food and beverage (F&B) and various end-use industries.
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Covid-19 Impact: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global FMCG Packaging Market Trends and Drivers:
The market is primarily driven by the widespread adoption of various protective packaging materials across the cosmetic, personal care, pharmaceuticals, and food and beverages (F&B) industries for maintaining product quality and efficacy while increasing their shelf life. In addition, FMCG companies are adopting modern technologies to introduce innovative packaging solutions with enhanced quality that also preserve the nutritional value of the product, representing another major growth-inducing factor.
Along with this, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, consumers are widely opting for online e-commerce and retailing distribution channels for shopping necessity products, which is augmenting the market growth. Moreover, the rising environmental consciousness has also prompted beverage manufacturers to use recyclable pouches and aluminum cans as they are lightweight, stackable, strong, and sustainable in nature. Furthermore, the increasing strategic collaborations between the leading market players for introducing aesthetically appealing and personalized packaging solutions are also propelling market growth.
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FMCG Packaging Market Report Scope
Market size value in 2021
US$ 672.5 Billion
Market forecast in 2027
US$ 901.2 Billion
CAGR of 4.70% from 2022 to 2027
Base year for estimation
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.
Some of these key players include:
- 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.
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:
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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Key Questions Answered in This Report:
- How has the global FMCG packaging market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global FMCG packaging market?
- What are the key regional markets?
- What is the breakup of the market based on the packaging type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global FMCG packaging market and who are the key players?
- What is the degree of competition in the industry?
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