The FMCG Packaging Market size is estimated at USD 0.89 trillion in 2024, and is expected to reach USD 1.12 trillion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
The FMCG Packaging Market has the potential to shift rivalry, opening numerous new avenues for differentiation and value-added services. They will also enable firms to tailor offerings to more-specific segments of the market and even customize products for individual customers, further enhancing differentiation and price realization. The firm concentration ratio is quite high because the market is characterized by the concentration of unique brands and new players.
In April 2023, Tyson Foods, one of the largest food corporations in the world and a well-known global protein leader, and Amcor partnered once more to introduce a more sustainable package for consumer goods. Amcor and Tyson Foods have joined together to develop a first-to-market solution that offers more environmentally friendly packaging without sacrificing performance.
In October 2022, Mondi and Reckitt launched paper-based packaging for Finish dishwashing tabs that uses 75% less plastic. Reckitt's market-leading Finish dishwashing tablets now come in innovative paper-based packaging created by Mondi, which has assisted Reckitt in its quest for sustainability.
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