The global FMCG
packaging market is expected to reach US$ 418.8 Bn in
2022, with sales growing at a CAGR of 5.7% through 2032. As
per the report, rigid packaging is the most preferred type
for FMCG packaging, accounting for almost 63.2% of the
global FMCG market by 2032. With a favorable demand outlook,
the market size is projected to top US$ 726.6 Bn in
2032.
Packaging protects products during
transportation, extends their usable life, and even
communicates important information about the product’s
composition and purpose. Packaging that is well-designed
promotes good transportation and shelving while also
reducing waste throughout the supply
chain.
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Due
to the expansion of sectors such as electronic,
pharmaceutical, food & beverage and personal care in
emerging economies, sales in the FMCG packaging market are
projected to remain high over the forecast
period.
Emergence of smart packaging solutions that
are equipped with barcodes and QR codes for providing
product information to consumers is a chief factor driving
the market. Inclusion of smart tags and smart packaging is
also improving inventory operations such as life cycle
management, shelving and tracking in the warehouse.
For instance, Botch included smart technology
in carton printing that tracks and traces the product
movement throughout the supply chain. Besides this, PakSense
has added ultra-contact labels- a temperature monitor label
that highlights optimum
temperature.
“Eco-friendly paper-based packaging
is expected to gain traction over the forecast period,
thereby augmenting the growth in the market. Growing
environmental concerns and regulations on packaging will
also create opportunities for players to improve product
quality, which in turn will drive sales over the forecast
period,” says the FMI analyst
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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Competition
Landscape
Berry Global
Inc., Crown Holdings, WestRock Company, Sealed Air
Corporation, Sonoco Products Company, Ball Corporation,
Kimberly-Clark Corporation, Mondi Plc, Huhtamaki Oyj, and
Ardagh Group S.A. are some of players operating in the
market profiled by FMI.
Leading players
operating in the global FMCG packaging market are investing
in research and development to launch sustainable packaging
solutions for various end use sectors. In addition to this,
players are investing in mergers, acquisitions and
collaborations to expand their global presence in the
market. For instance:
- In December 2021, Mondi
Group won nine WorldStar Packaging awards for introducing
paper-based packaging for fruits, soaps, beverages, and
others that optimized shelf life of the product. - In
May 2020, Acosta, a leading sales and marketing agency in
the consumer-packaged goods industry, has been appointed to
exclusively represent Ball Corporation’s aluminum cups in
retail and on-premises outlets across the United States,
including grocery, drug, and C-stores, food service,
specialty channels, and select mass channel
retailers.
Global FMCG Packaging Market
By Category
FMCG Packaging Market By Product
Type (Flexible Packaging, Rigid Packaging), Material Type
(Plastic, Paper & Paperboard, Metal, Glass), End Use
(Food & Beverages, Pharmaceuticals, Personal Care &
Cosmetics) & Region – Forecast 2022 –
2032
Table of Content
1.
Executive Summary
1.1. Global Market
Outlook
1.2. Demand-side
Trends
1.3. Supply-side
Trends
1.4. Technology Roadmap
Analysis
1.5. Analysis and
Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2.
Market Definition / Scope / Limitations
3. Market
Background
3.1. Market
Dynamics
3.1.1.
Drivers
3.1.2.
Restraints
3.1.3.
Opportunity
3.1.4.
Trends
3.2. Scenario
Forecast
3.2.1. Demand in
Optimistic Scenario
3.2.2.
Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5.
Supply Chain Analysis
3.5.1. Supply Side Participants and their
Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/
Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at
Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential
Buyer’s
3.6. Value Chain
Analysis
3.6.1. Profit
Margin Analysis
3.6.2.
Wholesalers and Distributors
3.6.3. Retailers
3.7. Regulatory
Landscape
3.8. Regional Parent Market
Outlook
3.9. Production and Consumption
Statistics
4. Global FMCG Packaging Market Analysis
2017-2021 and Forecast 2022-2032, By Product
Type
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Explore
FMI’s Extensive ongoing Coverage on
Packaging
Pet
Care Packaging Market– The global pet care
packaging market is, by no means, likely to go petty ways in
the forecast period. In other words, the global pet care
packaging market is expected to reach US$ 14.1 Bn by the
year 2030 at a decent CAGR of 4.2% between 2022 and
2030.
Breathable
Films Market – The global breathable films market is
bound to breathe proficient revenue between 2022 and 2030,
reaching US$ 3.9 Bn by the year 2030 at a CAGR of
4.1%.
Aluminum
Foam Market – The global aluminum foam market is slated
to progress at a CAGR of 4.4% between 2022 and 2030,
reaching US$ 61.6 Mn by the year 2030.
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