FMCG Packaging Market Size, Share, Opportunities, And Trends By Material (Paper and Paperboard, Plastic, Metal, Glass), By Application (Beverages, Food, Household and Personal Care, Other), By Product Type (Flexible, Rigid), And By Geography - Forecasts From 2024 To 2029

The FMCG packaging market is expected to grow at a CAGR of 6.07% from US$666.479 billion in 2022 to US$1,006.933 billion in 2029.

FMCG packaging refers to the packaging specifically designed for fast-moving consumer goods, which are products with a high turnover rate, such as food, beverages, toiletries, and household items. FMCG packaging serves multiple purposes, including protecting the product, extending its shelf life, facilitating transportation and storage, and promoting the brand through attractive and informative designs. It plays a crucial role in attracting consumers, ensuring product integrity, and enhancing the overall consumer experience. FMCG packaging often emphasizes convenience, sustainability, and ease of use, with a focus on efficient production and cost-effective solutions to meet the demands of the rapidly evolving consumer market.

Introduction

The FMCG (Fast Moving Consumer Goods) packaging market refers to the industry involved in designing, manufacturing, and supplying packaging solutions for products that are consumed rapidly and have a high turnover rate, such as food, beverages, personal care products, and household items. The market is driven by the demand for innovative, sustainable, and convenient packaging solutions that ensure product safety, brand differentiation, and consumer appeal. It encompasses a wide range of packaging formats, including bottles, cans, cartons, pouches, and labels, and is influenced by factors such as changing consumer preferences, regulatory requirements, and advancements in materials and technology.

Drivers:

• Changing Consumer Lifestyles

Evolving consumer lifestyles, such as increased on-the-go consumption, convenience-driven preferences, and demand for smaller pack sizes, drive the need for packaging that accommodates these changing habits.

• Product Differentiation

FMCG companies aim to differentiate their products from competitors through innovative packaging designs, unique shapes, vibrant colors, and eye-catching labels that attract consumers and build product recognition.

• Product Safety and Freshness

FMCG packaging plays a crucial role in ensuring product safety, extending shelf life, and preserving the freshness of perishable goods. This is achieved through barrier properties, tamper-evident features, and technologies like modified atmosphere packaging.

• Regulatory Compliance

FMCG packaging must adhere to various regulations related to labeling, ingredient information, recycling symbols, and environmental standards. Compliance with these regulations is essential to maintain consumer trust and meet legal requirements.

• Sustainability and Environmental Concerns

Growing environmental awareness has led to increased demand for sustainable packaging solutions. Consumers prefer packaging made from recyclable materials, biodegradable options, reduced packaging waste, and eco-friendly practices throughout the packaging life cycle.

• Convenience and Portability

With busy lifestyles, consumers seek packaging that offers convenience and ease of use. Packaging formats like resealable pouches, single-serve packages, and lightweight materials provide convenience, portability, and portion control.

• E-Commerce Growth

The rise of e-commerce has fueled the need for packaging that can withstand the challenges of online shipping, such as protection against damage, efficient use of space, and improved returnability to enhance the overall customer experience.

• Product Information and Communication

Packaging serves as a communication tool for brands, conveying essential product information, usage instructions, nutritional facts, and promotional messages to consumers.

• Urbanization and Population Growth

The increasing urban population and rising disposable incomes in emerging markets drive the demand for FMCG products, leading to a higher need for packaging solutions that cater to these expanding consumer bases.

• Technological Advancements

Innovations in packaging materials, printing technologies, smart packaging, and automation have revolutionized the FMCG packaging industry. These advancements allow for improved functionality, customization, cost-effectiveness, and faster production processes.

Products offered by key market players:

• Amcor has developed a new range of flexible packaging that is made from recycled plastic. Also, the packaging is recyclable and compostable.
• Sealed Air has launched a new range of packaging that is made from renewable materials, such as sugarcane and bamboo. Also, the packaging is recyclable and compostable.
• Nandu's, a meat delivery company in India, has launched innovative eco-friendly packaging for all of its home delivery orders. The packaging is made from non-plastic virgin food-grade material that is fully recyclable.
• Rhythm 108, a cookie company, has launched "100% compostable" packaging for its soft-baked filled cookie. The packaging is made from a combination of plant-based materials and is designed to be composted in home composters or commercial composting facilities.

Positive growth in the sustainable packaging segment

The segment that is experiencing significant growth in the FMCG packaging market is sustainable packaging. With increasing consumer awareness and environmental concerns, there is a growing demand for packaging solutions that minimize environmental impact. Sustainable packaging focuses on reducing waste, using recyclable or biodegradable materials, and adopting eco-friendly practices throughout the packaging lifecycle. This segment is thriving because it aligns with consumer preferences for environmentally responsible products and helps FMCG companies demonstrate their commitment to sustainability. Additionally, governments and regulatory bodies are also encouraging sustainable practices, further driving the growth of this segment in the FMCG packaging market.

Asia-Pacific region expected to hold a significant FMCG Packaging Market share

Asia-Pacific is expected to dominate the FMCG packaging market share. Several factors contribute to this projection, including the region's large population, rapid urbanization, and increasing disposable incomes. As more consumers in Asia-Pacific embrace modern retail formats and adopt Western consumption patterns, the demand for FMCG products and their packaging is surging. Additionally, the presence of key FMCG manufacturing hubs and growing investments in packaging infrastructure further bolster the region's dominance. Furthermore, the shift towards sustainable packaging solutions aligns with the increasing environmental consciousness in countries like China, India, and Japan, which are significant contributors to the FMCG packaging market in the Asia-Pacific region.

Maarket Developments:

• In November 2023, Mondi came into partnership with Skånemejerier to introduce mono-material plastic packaging. The sustainable packaging offered by the company is designed for its cheese product category.
• In November 2023, Tetra Pak and Lactogal together launched an aseptic beverage carton featuring a paper-based barrier. The package targets to increase the renewable content to 90% thereby, reducing the carbon footprint.

FMCG Packaging Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$666.479 billion
Market Size Value in 2029	US$1,006.933 billion
Growth Rate	CAGR of 6.07% from 2022 to 2029
Base Year	2022
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Material Application Product Type Geography
Companies Covered	Amcor Ltd, Ball Corporation Mondi Group Sealed Air Corporation DS Smith PLC And more
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Material:
  • Paper and Paperboard
  • Plastic
  • Metal
  • Glass
• By Application:
  • Beverages
  • Food
  • Household and Personal Care
  • Others
• By Product Type:
  • Flexible
  • Rigid
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain    
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Russia-Ukraine War Impact Analysis

5. FMCG PACKAGING MARKET BY MATERIAL

5.1. Introduction

5.2. Paper and Paperboard

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Plastic

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Metal

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Glass

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

6. FMCG PACKAGING MARKET BY APPLICATION

6.1. Introduction

6.2. Beverage

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Food 

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Household and Personal care

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. FMCG PACKAGING MARKET BY PRODUCT TYPE

7.1. Introduction

7.2. Flexible

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Rigid

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. FMCG PACKAGING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Material

8.2.2. By Application

8.2.3. By Product Type

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. Brazil

8.3.1.1.1. Market Trends and Opportunities

8.3.1.1.2. Growth Prospects

8.3.2. Argentina

8.3.2.1.1. Market Trends and Opportunities

8.3.2.1.2. Growth Prospects

8.3.3. Others

8.3.3.1.1. Market Trends and Opportunities

8.3.3.1.2. Growth Prospects

8.4. Europe

8.4.1. By Material

8.4.2. By Application

8.4.3. By Product Type

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Trends and Opportunities

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Material

8.5.2. By Application

8.5.3. By Product Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Material

8.6.2. By Application

8.6.3. By Product Type

8.6.4. By Country

8.6.5. Japan

8.6.5.1.1. Market Trends and Opportunities

8.6.5.1.2. Growth Prospects

8.6.6. China

8.6.6.1.1. Market Trends and Opportunities

8.6.6.1.2. Growth Prospects

8.6.7. India

8.6.7.1.1. Market Trends and Opportunities

8.6.7.1.2. Growth Prospects

8.6.8. South Korea

8.6.8.1.1. Market Trends and Opportunities

8.6.8.1.2. Growth Prospects

8.6.9. Taiwan

8.6.9.1.1. Market Trends and Opportunities

8.6.9.1.2. Growth Prospects

8.6.10. Thailand

8.6.10.1.1. Market Trends and Opportunities

8.6.10.1.2. Growth Prospects

8.6.11. Indonesia

8.6.11.1.1. Market Trends and Opportunities

8.6.11.1.2. Growth Prospects

8.6.12. Others

8.6.12.1.1. Market Trends and Opportunities

8.6.12.1.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Amcor Ltd.

10.2. Ball Corporation

10.3. Mondi Group

10.4. Sealed Air Corporation

10.5. DS Smith PLC

10.6. Nampak Ltd.

10.7. Astrapak Limited

10.8. Mpact Pty Ltd.

10.9. Crown Holdings, Inc.

Amcor Ltd.

Ball Corporation

Mondi Group

Sealed Air Corporation

DS Smith PLC

Nampak Ltd.

Astrapak Limited

Mpact Pty Ltd.

Crown Holdings, Inc.