FMCG Packaging Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

FMCG Packaging Market Overview:

The growth of the e-commerce sector has been fueled by shifting preference from conventional brick-and-mortar stores to online channels retailers. Increasing penetration of mobile devices has also led to more consumers preferring online retail.

 

In addition, home delivery services for food is becoming more popular because of rising urbanization and changing lifestyle. Growing demand for ready-to-eat or frozen foods is likely to fuel the growth of the FMCG packaging market.

 

Online retail channels offer various products, ranging from food and electronics to personal care items, under one roof. These products require different packaging formats for safety during transit. This is expected to continue pushing sales in the FMCG packaging market over the assessment period.

 

 

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FMCG Packaging market Dynamics:

The ubiquity of convenience and discount retailers and increasing production in the food and beverage sector are key factors driving the growth of the FMCG packaging market. Sales of dairy products such as milk, cheese, and yogurt have surged in the U.S. in recent years.

 

In the FMCG sector, packaging makes up a sizeable amount of the material costs in producing a finished good. Manufacturers are thus developing unique packaging techniques to save operating expenses.

 

Additionally, FMCG packaging providers are rethinking their packaging to safeguard the nutritional value of perishable goods in response to the rising demand for nutrient-dense meals.

 

Full alterations brought in by the pandemic COVID-19 in the FMCG Packaging supply chain, and adjustments in consumer behavior are forcing the business players to be more watchful and forward-looking to stay ahead of the competition.  This is one of the major restraints in the growth of the FMCG packaging market.

 

FMCG Packaging Market Segment Analysis:

On the basis of End-use, the FMCG Packaging market is segmented into Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Homecare Products, Electronics, and Others.

Sales in the food and beverage industry are anticipated to grow at a CAGR of 6.1 % during the projection period in terms of end use. To increase sales, beverage businesses are investing in cutting-edge package designs. The food and beverage segment of the FMCG packaging market holds up to 30% of the end-use segment of the FMCG packaging market.

 

The second-largest shareholder in the end-user segment is the pharmaceutical sector.

For instance, in August 2019, AVE UK unveiled its new line of bottling equipment in Monobloc (filler/capper) and Unibloc (rinser/filler/capper) models, each of which can handle several components in a single machine. The portable bottling device aims to lower the price of plastic packaging.

 

 

On the basis of Material, the FMCG Packaging market is segmented into Plastic, Paper and Paperboard, Metal, Glass, and Others (Wood, Foam, etc.).

The plastic category is anticipated to grow significantly until 2032, depending on the material. The most often utilized materials in producing bottles and jars are PET and HDPE. In various applications, PVC is used to create bottles, jars, and vials. However, producers are striving to switch to PET and HDPE as environmental concerns rise. Businesses like Bizongo are creating biodegradable, spill-proof lunch trays to increase sustainability in the packaging industry.

 

In terms of the packaging of FMCG products, paper is another material that is used. Since plastic is not environmentally friendly, keeping in mind the degradable aspects of the paper, it is utilized on a larger scale. The paper material accounts for upto almost 25% of the total share in the material segment of the FMCG packaging market.

 

FMCG Packaging market Regional Analysis:

On the basis of Region, the FMCG Packaging market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

 

Throughout the projection period, sales in the North American market are expected to be driven by the U.S. beverage industry's rapid growth. Companies specializing in packaging and labeling that collaborate with the beverage industry place a strong emphasis on packaging innovation, enhancing the text, typefaces, and graphics to draw in customers. According to FMI, the U.S. FMCG packaging market's sales are anticipated to grow at a CAGR of 5% over the forecast period.

 

Additionally, rising consumer demand for recyclable and ecological packaging is pressuring businesses to release novel items. Ball Corporation, for instance, released indefinitely recyclable aluminum bottles in January 2020, which may be recycled into other metal items.

 

By region, the Asia-Pacific region is the 2^nd largest shareholder in the FMCG packaging market. This is due to the presence of countries such as India, China, Japan, Australia etc., which have increased and high spending power.

 

Sales in the Indian market are driven by rising production and consumption in the pharmaceutical, food and beverage industries. The FMCG packaging industry is growing in India thanks to rising investments in the food processing, personal care, and pharmaceutical industries.

 

The government has been in touch with business professionals to harness India's packaging industry's potential. For instance, the Packaging Industry Association of India (PIAI) develops standards and directives to control the nation's packaging activities.

 

The report aims to provide stakeholders in the FMCG Packaging market with a detailed market outline. The research discusses the most critical FMCG Packaging sector trends and how these trends are expected to impact future business investments and marketing strategies throughout the forecast period. By studying market leaders, market followers, and regional players, the report also aids in the understanding of the FMCG Packaging market dynamics, economic fundamentals, and competitive structure.

 

The qualitative and quantitative data in the FMCG Packaging market research will help determine which market segments, regions, and influencing factors are expected to grow at faster rates and significant opportunity areas that will drive the market and market growth during the forecast period.

 

The competitive landscape of essential players in the market and their recent advances in the FMCG Packaging market is also included in the report. The study examines company size, market share, market growth, revenue, production volume, and profitability of the FMCG Packaging market's major players.

 

 

This report aims to provide a comprehensive analysis of the FMCG Packaging market and highlight the significant trends and growth opportunities. The report offers Porter's Five Force Model for analysis of the FMCG Packaging market, which helps design the business strategies in the market.

 

The study aids in determining the number of rivals, who they are, and the performance of the products in the industry. The analysis also examines whether the FMCG Packaging market is open to new entrants, whether they enter and exit the market regularly, and whether a few players dominate it.

 

The report also includes PESTEL Analysis, which aids in developing company strategies. Numerous elements affect growth and profitability. A PESTEL study can assist in determining the significance and strength of these elements. It helps firms decide which characteristics are beneficial and which are not. PESTEL is a word that stands for Political, Economic, Socio-cultural, Technological, Environmental, and Legal. These variables take on added significance for organizations functioning in a global setting.

 

FMCG Packaging market Scope:

FMCG Packaging market
Market Size in 2023	USD 467.77 Bn
Market Size in 2030	USD 703.36 Bn
CAGR (2024-2030)	6 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Material Plastic Paper and Paperboard Metal Glass Others
	By End-use Food & Beverage Pharmaceuticals Personal Care & Cosmetics Homecare Products Electronics
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

FMCG Packaging market: Key players and their Insights:

The FMCG Packaging market has become competitive. Various industry players have adopted product launches and business growth as their development strategies to grow their market share, increase profitability, and remain stable in the market.

 

Key market players employ various business tactics such as business growth to grow their product range and acquire a competitive edge in the industry.  To strengthen their market position, significant organizations in the industry are pursuing various business strategies such as mergers and acquisitions.

 

Some of the most prominent and loved players in the FMCG Packaging market from all over the world are:

• Berry Global Inc.  (United States)
• Crown Holdings (United States)
• WestRock Company (United States)
• Sealed Air Corporation (United States)
• Sonoco Products Company (United States)
• Ball Corporation (United States)
• Kimberly-Clark Corporation (United States)
• Mondi Plc (United Kingdom)
• Huhtamaki Oyj (Finland)
• Ardagh Group S.A. (Luxembourg)