FMCG Packaging Market is estimated to be US$ 25.1 Billion by 2034; Rising Consumer Convenience, Branding and Marketing to Propel Market Growth

Published Date: March 2024

FMCG Packaging refers to the process of designing and creating packaging solutions for products that are consumed rapidly and have a short shelf life. These products typically include everyday household items that are frequently purchased by consumers, such as food and beverages, personal care products, cleaning agents, and other consumables. The primary purpose of FMCG packaging is to protect the products during storage, transportation, and handling, while also promoting the brand, attracting consumers, and enhancing the overall consumer experience.

FMCG packaging is designed to offer convenience to consumers. With busy lifestyles and increasing on-the-go consumption, consumers prefer products that come in easy-to-use and portable packaging, such as single-serve sachets, resalable bags, and grab-and-go containers. Packaging serves as a powerful marketing tool for FMCG products. Eye-catching and visually appealing packaging designs help brands stand out on store shelves, attract consumers' attention, and reinforce brand identity. As consumer demands and sustainability concerns continue to evolve, FMCG Packaging Market will likely witness further innovation and development in the coming years.

The report “FMCG Packaging Market, By Material Type (Paper & Paperboard, Plastics, Metal and Glass), By Application (Food & Beverages, Pharmaceutical Industry, and Household and Personal Care), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

 Key Highlights:

  • In July 2023, Following up on the success in developing India’s premium ice-pops, Skippi has forayed into a new FMCG range with the launch of Skippi Corn sticks with four mouthwatering flavors that is Tangy Tomato, Thai Chili, Sweet Corn & Magic Masala. The corn sticks will only be available on Skippi's website. Skippi was the first Indian brand to introduce Corn sticks in the country, revolutionizing the F&B industry. Corn Stick is a sweet and crispy pleasure that has been painstakingly developed for when you need a fast pick-me-up. Corn Stick is carefully created to match your dietary requirements, making it a guilt-free treat. They are gluten-free, palm oil-free, cholesterol-free, and trans-fat-free, so you may eat them with confidence.
  • In September 2019, FMCG companies such as Coca-Cola India, PepsiCo India and Bisleri among others have decided to come together to launch a first-of-its-kind packaging waste management venture in the country. The Karo Sambhav enterprise will focus on developing a formal eco-system for collecting post-consumer packaging and optimizing material recycling operations.

Analyst View:

The FMCG Packaging market has been experiencing steady growth over the years. This growth can be attributed to various factors such as the increasing prevalence of chronic diseases, ageing population, and rising healthcare expenditure. Pharmaceutical companies invest heavily in research and development to discover new drugs and improve the efficacy of existing ones. The development of innovative and advanced drugs with better therapeutic outcomes has also contributed significantly to the growth of the FMCG Packaging market. Nevertheless, with the increasing demand for effective treatments and the constant innovation in drug development, the FMCG Packaging Market is expected to continue its growth trajectory in the coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on FMCG Packaging Market, By Material Type (Paper & Paperboard, Plastics, Metal and Glass), By Application (Food & Beverages, Pharmaceutical Industry, and Household and Personal Care), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

FMCG Packaging Market accounted for US$ 899.4 Billion in 2024 and is estimated to be US$ 1637.7 Billion by 2034 and is anticipated to register a CAGR of 6.80%. FMCG Packaging Market is segmented based on Type, Application and Region.

  • Based on Material Type, FMCG Packaging Market is segmented into Paper & Paperboard, Plastics, Metal and Glass.
  • Based on Application, FMCG Packaging Market is segmented into Food & Beverages, Pharmaceutical Industry, and Household and Personal Care.
  • By Region, the FMCG Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of FMCG Packaging Market:

The prominent players operating in the FMCG Packaging Market includes, Amcor Ltd., Ball Corporation, Crown Holdings Inc., Ardagh Group, CCL Industries Inc., Graham Packaging, Toyo Seikan Kaisha Ltd., Aptar Group, DS Smith Plc, and Berry Plastics Corporation.

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