FMCG Packaging Market Size To Reach US$ 943.0 Billion by 2028 | CAGR of 4.41%
What is FMCG Packaging?
Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) represent a set of high-demand products that are sold immediately at a relatively low price. Some of these items encompass drinks, prepared food, veggies, fruits, personal care, and other consumables. FMCG commodities are encased in numerous materials, including plastic, metal, glass, and paperboard, all intended to safeguard the product from any potential impurities, thus preventing microbial propagation. This strategy consequently supports manufacturers in preserving product quality, guaranteeing extended shelf-life, and equipping businesses with the ability to promote their brand through unique packaging.
How Big is The FMCG Packaging Market?
The global FMCG packaging market size reached US$ 716.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 943.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.41% during 2023-2028.
Request for a free sample copy of this report: https://www.imarcgroup.com/fmcg-packaging-market/requestsample
What are the growth prospects and trends in the FMCG Packaging industry?
The widespread adoption of numerous protective packaging materials in several industries, such as pharmaceuticals, cosmetics, personal care, and food and beverage (F&B), for preserving product quality and potency while extending its shelf life is among the primary factors driving the FMCG packaging market. Moreover, to align with the changing consumer preferences, CPG firms are embracing cutting-edge technologies to present inventive packaging solutions boasting superior quality, which is also stimulating the market growth. Besides this, the rising usage of recyclable pouches and aluminum cans, as they are lightweight, easy-to-stack, durable, and environmentally friendly,
on account of the growing environmental awareness, is acting as another significant growth-inducing factor. Additionally, the shifting consumer preferences for online retail and e-commerce distribution channels for buying essential goods, especially, owing to the sudden outbreak of the COVID-19 pandemic and the implementation of lockdowns, are further propelling the global market. In addition to this, the increasing strategic partnerships between top players for introducing aesthetically appealing, personalized packaging that communicates, markets, and advertises brand identity and products are anticipated to fuel the FMCG packaging market over the forecasted period.
Who are the key players operating in the industry?
- 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.
What is included in market segmentation?
The report has segmented the market into the 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
Market 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
