Market Overview 2022-2027:

According to the global FMCG packaging market report by IMARC Group, the 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), 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 (FB), household, personal care, pet care, tobacco products, pharmaceuticals, and cosmetic industries.

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Market Trends: 

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.

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Key Market Segmentation:

The report has been segmented the market into following categories:

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 Geography:

• 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

Competitive Landscape with Key Player:

• Albéa Group
• Consol Glass (Pty) Ltd
• Crown Holdings Inc.
• DS Smith PLC
• Graham Packaging Company
• Sealed Air Corporation
• Amcor plc
• AptarGroup Inc.
• Ball Corporation
• Berry Global Inc.
• Sonoco Products Company
• Tetra Pak International S.A.

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