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

Report Code: PMI409920 | Publish Date: March 2024 | No. of Pages: 180

Global FMCG Packaging Market By Overview

FMCG Packaging Market was valued at US$ 899.4 Billion in 2024 and is projected to grow at a CAGR of 6.80% to reach US$ 1637.7 Billion by 2034.

Fast Moving Consumer Goods (FMCG) are items that are sold rapidly & at minimum cost. These are non-durable products like packaged foods, drinks, medicate, and even other different consumables. It incorporates primary as well as secondary packaging. Packaging grants effective correspondence between the brand proprietors & buyers through logos, colors, pictures, product data, & graphics. The prominent items in the market contain standup pouches, laminated pouches, zipper pouches, cling film, BOPP sacks, as well as extrusion laminates among various products. The Global FMCG Packaging Market accounted for US$ 739.45 billion in 2020 and is estimated to be US$ 1126.72 billion by 2030 and is anticipated to register a CAGR of 4.30%.

Global FMCG Packaging Market By Drivers & Restraints

Developing sustainable packaging

The prominent players in the market are focusing on developing sustainable packaging, which is estimated to boost the growth of the global market in the next few years. The rising demand for eco-friendly products and the rising number of application are further anticipated to accelerate the growth of the overall market in the near future.

Strict rules and regulations

However, the strict rules and regulations related to environmental safety are projected to inhibit the growth of the market in the next few years. Nonetheless, the introduction of new products with the help of sustainable products is likely to offer growth opportunities in the coming years. The improving lifestyle of consumers and the increasing disposable income of consumers are some of the major factors that are expected to enhance market growth in the coming years. In addition to this, the key players in the market are likely to emphasize on emerging economies, which is likely to support the growth of the market in the next few years. However, environmental concerns regarding the use of specific materials such as plastics packaging that have a detrimental impact on the environment are hindering the growth of the FMCG packaging market during the forecast period.

Increasing demand from growing e-commerce

Moreover, the increasing demand from the growing e-commerce industry is creating a market for FMCG packaging. This sector’s growth is attributed to the rising demand for protective packaging for delivering small-sized products coupled with the convenient packaging options.

Global FMCG Packaging Market By Segmentations & Regional Insights

The FMCG packaging market is segmented based on material type, application, and region.

Based on material type, the market is classified into paper & paperboard, plastics, metal and glass. The plastics segment hold the largest share of the market and is projected to grow during forecast period of time. Based on application, the target market is bifurcated into food & beverages, pharmaceutical industry, and household and personal care. The food and beverages are anticipated with a high CAGR value during forecast period of time.

Regional Insights:

For detailed understanding of market dynamics, Based on the region the global FMCG packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global FMCG packaging market due to growing demand for advanced medical technologies and increasing geriatric population. Asia Pacific FMCG packaging market is projected to register a high CAGR over the forecast period owing to the growing trend of rising population and the introduction of new packaging solutions are projected to accelerate the growth of the Asia Pacific market in the near future.

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 – 2034

Market Segmentation

By Material Type- Paper & Paperboard, Plastics, Metal and Glass

By Application- Food & Beverages, Pharmaceutical Industry, and Household and Personal Care

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Detailed Segmentation:

FMCG Packaging Market, By Material Type:

  • Paper & Paperboard
  • Plastics
  • Metal
  • Glass

FMCG Packaging Market, By Application:

  • Food & Beverages
  • Pharmaceutical Industry
  • Household and Personal Care

FMCG Packaging Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa FMCG Packaging Market, By Material Type
      • Middle East & Africa FMCG Packaging Market, By Application
      • Middle East & Africa FMCG Packaging Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America FMCG Packaging Market, By Material Type
      • Latin America FMCG Packaging Market, By Application
      • Latin America FMCG Packaging Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific FMCG Packaging Market, By Material Type
      • Asia Pacific FMCG Packaging Market, By Application
      • Asia Pacific FMCG Packaging Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe FMCG Packaging Market, By Material Type
      • Europe FMCG Packaging Market, By Application
      • Europe FMCG Packaging Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America FMCG Packaging Market, By Material Type
    • North America FMCG Packaging Market, By Application
    • North America FMCG Packaging Market, By Country
      • The U.S.
      • Canada

Global FMCG Packaging Market By Competitive Landscape & Key Players

The key players operating the global FMCG packaging market involves 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. On, April 2019 - Amcor launched AmLite Ultra Recyclable pouch. It can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams. On, January 2018 - Amcor Limited pledged to develop all its packaging to be recyclable or reusable by 2025. And, also planned to focus on significantly increasing its use of recycled materials and driving consistently more recycling of packaging around the world. This commitment was aimed at establishing the company as a leader in recyclable packaging.

Global FMCG Packaging Market By Company Profile

FAQs

The FMCG packaging market is segmented based on material type, application, and region

The prominent players in the market are focusing on developing sustainable packaging

The market in North America accounts highest revenue share to the global FMCG packaging market due to growing demand for advanced medical technologies and increasing geriatric population

For instance, On, April 2019 - Amcor launched AmLite Ultra Recyclable pouch. It can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams.