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FMCG Packaging Market Expected to Reach $901.2 Bn, Globally, by 2027 at 4.70% CAGR during assessment period 2022-2027

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FMCG Packaging Market Expected to Reach $901.2 Bn, Globally, by 2027 at 4.70% CAGR during assessment period 2022-2027

October 03
18:16 2022
FMCG Packaging Market Expected to Reach $901.2 Bn, Globally, by 2027 at 4.70% CAGR during assessment period 2022-2027
The global FMCG packaging market reached a value of US$ 672.5 Billion in 2021 and is expected to reach a value of US$ 901.2 Billion by 2027 exhibiting a CAGR of 4.70% (2022-2027).

The latest research study “FMCG Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global FMCG packaging market reached a value of US$ 672.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 901.2 Billion by 2027 exhibiting a CAGR of 4.70% during 2022-2027.

Industry Definition and Application:

Fast-moving consumer goods (FMCG), also known as consumer-packaged goods (CPG), refer to a set of high-demand products sold at a relatively low cost. Some of the most commonly sold FMCG items include frozen food, dry goods, baked goods, vegetables, fruits, toiletries, beverages, and processed food. These products are packed with varying materials, including plastic, metal, glass, bio-plastics, boxes, and paperboard, to protect the product from contamination and eliminate the growth of microorganisms. This packaging also helps manufacturers to ensure longer shelf life, maintain the quality of goods, and market their brands through personal packaging. Owing to these properties, there is an escalating demand for high-quality packaging solutions across the food and beverage (F&B) and various end-use industries.

Download free sample brochure: https://www.imarcgroup.com/fmcg-packaging-market/requestsample

Covid-19 Impact: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global FMCG Packaging Market Trends and Drivers: 

The market is primarily driven by the widespread adoption of various protective packaging materials across the cosmetic, personal care, pharmaceuticals, and food and beverages (F&B) industries for maintaining product quality and efficacy while increasing their shelf life. In addition, FMCG companies are adopting modern technologies to introduce innovative packaging solutions with enhanced quality that also preserve the nutritional value of the product, representing another major growth-inducing factor.

Along with this, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, consumers are widely opting for online e-commerce and retailing distribution channels for shopping necessity products, which is augmenting the market growth. Moreover, the rising environmental consciousness has also prompted beverage manufacturers to use recyclable pouches and aluminum cans as they are lightweight, stackable, strong, and sustainable in nature. Furthermore, the increasing strategic collaborations between the leading market players for introducing aesthetically appealing and personalized packaging solutions are also propelling market growth.

Click here to view detailed information with table of content: https://www.imarcgroup.com/fmcg-packaging-market

FMCG Packaging Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 672.5 Billion

Market forecast in 2027

US$ 901.2 Billion

Growth Rate

CAGR of 4.70% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Global FMCG Packaging Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Albéa Group
  • Amcor plc
  • AptarGroup Inc.
  • Ball Corporation
  • Berry Global Inc.
  • Consol Glass (Pty) Ltd
  • Crown Holdings Inc.
  • DS Smith PLC
  • Graham Packaging Company
  • Sealed Air Corporation
  • Sonoco Products Company
  • Tetra Pak International S.A.
  • Toyo Seikan Group Holdings Ltd.

Key Market Segmentation:

The report has segmented the market on the basis of region, packaging type, material and end use industry.

Breakup by Packaging Type:

  • Flexible Packaging
  • Rigid Packaging

Breakup by Material:

  • Paper
  • Plastic
  • Metal
  • Glass
  • Others

Breakup by End Use Industry:

  • Food and Beverages
  • Cosmetic and Personal Care
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5259&flag=C

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse Other Reports:

Industrial Packaging Market Report: https://bit.ly/35nrknJ

Liquid Packaging Cartons Market Report: https://bit.ly/3JSuBJJ

Aerosol Valves Market Report: https://bit.ly/3jfB6vw

Frozen Food Packaging Market Report: https://bit.ly/3LTeiOu

Consumer Electronics Packaging Market Report: https://bit.ly/3Pm9Gmi

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Key Questions Answered in This Report:

  • How has the global FMCG packaging market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global FMCG packaging market?
  • What are the key regional markets?
  • What is the breakup of the market based on the packaging type?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global FMCG packaging market and who are the key players?
  • What is the degree of competition in the industry?

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

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