About FMCG Packaging
Fast Moving Consumer Goods (FMCG) are products that are sold rapidly & at a relatively low cost. These are non-durable goods like packaged foods, beverages, toiletries, over-the-counter drugs, as well as other consumables. Packaging used for FMCG goods is called as FMCG Packaging. It includes primary as well as secondary packaging. Packaging allows effective communication between the brand owners & consumers through logos, colors, images, product information, & graphics. The prominent products in the market comprise standup pouches, laminated pouches, zipper pouches, cling film, BOPP bags, as well as extrusion laminates among other products. The growing demand from the e-commerce industry is likely to impel the market growth over the near future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.0% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that Indian and United States Vendors will contribute the maximum growth to Global FMCG Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amcor Limited (Australia), Ball Corporation (United States), Crown Holdings Incorporated (United States), Tetra Pak (Switzerland), Sonoco Products Company (United States), Toyo Seikan Group Holdings, Ltd. (Japan), Huhtamäki Oy (Finland), Ardagh Group (Ireland), Berry Global, Inc. (United States) and ITC Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bomarko, Inc. (United States), WestRock Company (United States) and Novelis Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global FMCG Packaging market by Type (Flexible Packaging, Paper-Based Packaging, Rigid Plastic Packaging and Other), Application (Food and Beverages Industry, Pharmaceutical Industry, Personal Care Industry and Others) and Region.
On the basis of geography, the market of FMCG Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2023. If we see Market by End-Products, the sub-segment i.e. Laminate Pouch will boost the FMCG Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the FMCG Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by FMCG Packaging Materials, the sub-segment i.e. Paper will boost the FMCG Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Eco-Friendly Packaging Products
Market Growth Drivers:
Rising Demand from Pharmaceutical & Healthcare Industries, Rapidly Increasing Demand for Fresh & High-Quality Food Products and Increasing Adoption of Hygienic Food Packaging
Challenges:
Availability of Alternatives
Restraints:
High Investment Costs and Strict Government Regulations Regarding Food Safety
Opportunities:
Growing Demand from developing nations such as China and India and Innovations in FMCG Packaging
Market Leaders and their expansionary development strategies
In November 2023, Amcor, a global leader in rigid and flexible packaging, announced the acquisition of RPC Group, a major European rigid plastic packaging company, for €5.4 billion. This strengthens Amcor's position in the European market and expands its product portfolio.
In December 2023, Mondi, an international packaging and paper company, introduced its Econote Can Lite, a lightweight paper can for dry food products. This product offers a more sustainable alternative to traditional metal cans.
Key Target Audience
FMCG Packaging Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.