FMCG Packaging Market – Global Industry Analysis and Forecast (2024-2030)

Global FMCG Packaging Market was valued at USD 1102.91 Bn in 2023 and is expected to reach USD 1515.04 Bn by 2030 at a CAGR of 4.64 % during the forecast period.
FMCG Packaging Market Overview:
The FMCG packaging market size is anticipated to reach up to USD 1515.04 Bn by 2030 riding on the robust demand for fresher & suitable packaging keys that have the least impact on the environment. Customers favor healthier packaging without paying higher price, which is pushing packaging producers to come up with economical packaging solutions. Packaging is as vital as the product itself & acts as a communication medium to platform its features & the business’s value to the customers.

Advanced packaging is one of the key marketing plans which are being accepted by the customer goods manufacturers. They are investing heavily to attain attractive & meaningful designs that suitably visualize the brand. This is the main factor that is motivating the global market progress.
• According to an MMR report study, 80 percent of millennials trust packaging which plays a vital role in their buying decision of retail grocery products. This growing importance of packaging is pushing the FMCG market size.
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FMCG Packaging Market Dynamics:
Increasing Demand from the E-Commerce sector:

Rising demand from the e-commerce sector has been observed as a key factor that is anticipated to support development projections of the market during the forecast years. The E-commerce industry is one of the key suppliers in the growing revenue progress of the market. E-Commerce industry’s development is credited towards increasing demand for protecting packaging for transporting small-sized goods coupled with the suitable packaging choices.

Pharmaceuticals Industry Expected to Rule FMCG Packaging Market.

Pharmaceutical pre-fillable devices & pouches are likely to see fast development in the market during the forecast period on account of the rising number of allergic & asthmatic patients. New inventions & treatments continually happening in the pharmaceutical sector will additional build evolution ways for the market.

Restraints in the FMCG Packaging Market

The FMCG Packaging Market faces several constraints impacting its growth. Environmental concerns and stringent regulations on plastic use push companies towards sustainable packaging solutions, often at higher costs. Fluctuations in raw material prices and supply chain disruptions can hinder production and increase expenses. Consumer demand for innovative and eco-friendly packaging further pressures manufacturers to invest in research and development. Moreover, the competitive nature of the FMCG sector necessitates continuous adaptation to market trends, adding to operational challenges. These factors collectively restrain the market's expansion despite its vital role in consumer goods distribution.
FMCG Packaging Market Segment Analysis
According to MMR analysis, the Food and Beverages segment is the dominant force in the FMCG Packaging Market, driven by the perpetual need for packaged consumables. This segment's leadership is evident in the variety of packaging types tailored to preserve freshness, ensure safety, and provide convenience.
• For example, Tetra Pak's innovative aseptic cartons allow for long shelf life without refrigeration, catering to the demand for dairy and juice products. Similarly, flexible packaging, such as pouches and sachets used for snacks and sauces, offers lightweight, cost-effective solutions with extended shelf life.
Beverage packaging, including PET bottles and aluminum cans, meets the rising consumer preference for on-the-go consumption. Brands like Coca-Cola and PepsiCo continuously innovate with eco-friendly packaging, reflecting the growing consumer and regulatory demand for sustainability. The Food and Beverages segment's ability to adapt to evolving consumer preferences and regulatory landscapes solidifies its leading position in the FMCG Packaging Market.
FMCG Packaging Market Regional Analysis:
Promising economic circumstances & demographics in Asia-Pacific have been motivating the region’s market over the forecast period. International businesses are planning to eye Asia-Pacific for commercial expansion & to reach a competitive edge in the international market. Key companies & manufacturers in region market are taking huge efforts by modifying & launching their current products to provide to new customer demands.
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FMCG Packaging Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1102.91 Bn.


Forecast Period 2024 to 2030 CAGR:
4.64%
Market Size in 2030:
US $ 1515.04 Bn.


 Segments Covered:
by Material
Metal
Paper & Paperboard
Glass
Plastics
Other Materials


by Application
Personal Care & Cosmetics
Healthcare & Pharmaceutical
Food & Beverages
Household


by End Use
Food and Beverages
Cosmetic and Personal Care
Others



FMCG Packaging Market, By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Crown Holdings Inc
2. Amcor Ltd
3. Ardagh Group
4. Berry Plastics Corporation
5. DS Smith PLC
6. Tetra Pak International
7. Toyo Seikan Kaisha Ltd
8. Reynolds Group Holdings
9. CCL Industries
10. Ball Corporation
11. MeadWestvaco Corporation
Frequently Asked Questions:
1. Which region has the largest share in Global FMCG Packaging Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global FMCG Packaging Market?
Ans: The Global FMCG Packaging Market is growing at a CAGR of 4.64% during forecasting period 2024-2030.

3. What is scope of the Global FMCG Packaging market report?
Ans: Global FMCG Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global FMCG Packaging market?
Ans: The important key players in the Global FMCG Packaging Market are – Crown Holdings Inc, Amcor Ltd, Ardagh Group, Berry Plastics Corporation, DS Smith PLC, Tetra Pak International, Toyo Seikan Kaisha Ltd, Reynolds Group Holdings, CCL Industries, Ball Corporation, and MeadWestvaco Corporation.

5. What is the study period of this market?
Ans: The Global FMCG Packaging Market is studied from 2023 to 2030.