Global FMCG Packaging Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By Material Type (Paper & Paperboard, Plastic, Glass, Metal and Other Material Types), Application, Technology, Region, By Country: 2020-2030

Global FMCG Packaging Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By Material Type (Paper & Paperboard, Plastic, Glass, Metal and Other Material Types), Application, Technology, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global FMCG Packaging Market (2024 Edition)”. According to the report, Global FMCG Packaging Market valued at USD 450.12 Billion in 2023.

The report explores a multi-faceted opportunity landscape in terms of market segmentation By Material Type (Paper & Paperboard, Plastic, Glass, Metal and Other Material Types), By Application (Food & Beverage, Personal Care & Cosmetics, Homecare & Products and Other Applications) and By Technology (Active Packaging and Intelligent Packaging)

Market Overview

The Fast-Moving Consumer Goods (FMCG) Packaging market has witnessed substantial growth in recent years, driven by increasing consumer demand, advancements in packaging technologies, and the expanding application of innovative packaging solutions across various product categories. FMCG packaging includes materials and solutions used to package products such as food and beverages, personal care items, household goods, and pharmaceuticals. The market's expansion is primarily fueled by the need for durable, attractive, and sustainable packaging that enhances product appeal and protects goods during transportation and storage.

One of the primary drivers of the FMCG Packaging market is the growing consumer demand for convenience and sustainability. As lifestyles become busier, consumers seek packaging that is easy to use, transport, and dispose of. This trend has led to the development of single-serve packs, resealable bags, and other convenient packaging formats. Additionally, there is a rising awareness of environmental issues, prompting consumers to prefer packaging made from recyclable, biodegradable, and eco-friendly materials. The shift towards sustainable packaging solutions is driving innovation and growth in the FMCG packaging market.

Advancements in packaging technologies have significantly impacted the FMCG Packaging market, leading to the development of more efficient, attractive, and functional packaging solutions. Innovations such as smart packaging, which includes features like QR codes, RFID tags, and temperature indicators, enhance product traceability and consumer engagement. Improved materials and manufacturing processes have resulted in packaging that offers better barrier properties, extended shelf life, and enhanced visual appeal. These technological advancements ensure that FMCG packaging meets the evolving needs of both manufacturers and consumers, driving market growth.

The increased focus on product differentiation and brand visibility has significantly contributed to the growth of the FMCG Packaging market. Packaging plays a crucial role in attracting consumers and conveying brand values. Companies are investing in unique and eye-catching designs, premium materials, and advanced printing techniques to stand out on crowded retail shelves. The emphasis on creating memorable and impactful packaging experiences supports the demand for innovative and high-quality FMCG packaging solutions.

Furthermore, the rise of e-commerce and online shopping has bolstered the FMCG Packaging market. As more consumers purchase FMCG products online, there is a growing need for packaging that ensures products are delivered safely and in good condition. E-commerce packaging solutions are designed to be durable, tamper-proof, and protective, reducing the risk of damage during transit. The expanding e-commerce sector continues to drive the demand for specialized FMCG packaging that meets the unique requirements of online retail.

Segment Insights

By Material Type, the plastic packaging segment holds the largest market share, accounting for approximately 42.9% of the global FMCG Packaging market in 2023. The preference for plastic packaging is driven by its versatility, cost-effectiveness, and ability to provide excellent barrier properties and durability for a wide range of FMCG products.

Geographical Insights

Asia Pacific represents the largest market for FMCG Packaging in value terms, driven by high consumer spending, advanced packaging technologies, and a strong presence of FMCG manufacturers. The Asia Pacific region is expected to witness the highest growth rate due to rapid urbanization, increasing disposable incomes, and expanding FMCG production capacities. Countries like China, India, and Japan are key players in the FMCG Packaging market, benefiting from large-scale manufacturing and growing consumer demand for packaged goods.

Market Segmentation

By Material Type:

• Paper & Paperboard
• Plastic
• Glass
• Metal
• Other Material Types

By Application:

• Food & Beverage
• Personal Care & Cosmetics
• Homecare & Products
• Other Applications

By Technology:

• Active Packaging
• Intelligent Packaging

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global FMCG Packaging Market include:

Here is the list of leading companies in the FMCG Packaging market:

• WestRock Company
• Sonoco Products Company
• Crown Holdings
• Mondi Plc
• Huhtamaki Oyj
• Ball Corporation
• Berry Global Inc.
• Ardagh Group S.A.
• Sealed Air Corporation
• Kimberly-Clark Corporation
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the FMCG Packaging Industry: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the FMCG Packaging Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of FMCG Packaging Market.
• Detailed Analysis of FMCG Packaging Market By Material Type, Application, and Technology Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Industry Movements: Personal Care & Cosmetics Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies

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