FMCG Packaging Market Size, Share, Trends, Value 2030

FMCG Packaging Industry Perspective:   

The global FMCG packaging market size was evaluated at $440 billion in 2022 and is slated to hit $770 billion by the end of 2030 with a CAGR of nearly 5.9% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The FMCG packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the FMCG packaging industry report explores the investor and stakeholder space to help companies make data-driven decisions.

FMCG Packaging Market: Overview

FMCG also referred to as fast-moving consumer goods are sold quickly at reduced costs. Some of the best examples of non-perishable FMCG include consumables, packaged foods, beverages, over-the-counter medicines, and toiletries. Moreover, FMCG packaging helps in retaining product quality, improves shelf life, and helps businesses in selling their products through sustainable packaging. Advanced packaging is being accepted by consumer goods manufacturers as the latter are allocating huge funds for coining visually appealing packaging designs.

Key Insights

• As per the analysis shared by our research analyst, the global FMCG packaging market is projected to expand annually at the annual growth rate of around 5.9% over the forecast timespan (2023-2030)
• In terms of revenue, the global FMCG packaging market was evaluated at nearly $440 billion in 2022 and is expected to reach $770 billion by 2030.
• The global FMCG packaging market is anticipated to record massive growth over the forecast period owing to smart packaging providing value-added services to the end-users.
• Based on the type, the paper & paperboard segment is predicted to contribute majorly towards the global market share over the forecast timeline.
• Based on application, the beverage segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the Asia-Pacific Packaging market is projected to register the highest CAGR during the assessment period.

FMCG Packaging Market: Growth Factors

Escalating smart packaging demand will steer the global market trends

Smart packaging provides value-added services to the end-users, thereby translating into massive growth of the global FMCG packaging market trends. Surging demand for nutritive foods has helped the FMCG packaging firms in innovating packaging, thereby steering the expansion of the global market. In the first half of 2020, Aptar Food introduced sealed packaging for fresh-cut produce making use of new packaging technology that releases anti-pathogens for protecting the FMCG product against bacteria, viruses, and fungi. Such moves are likely to embellish the expansion of the market across the globe.

Moreover, extensive application of FMCG packaging in cosmetics, food & beverages, pharmaceuticals, and personal care sectors will spearhead the global market expansion. For the record, in December 2022, PepsiCo and L’Oréal introduced new packaging & labeling strategies that are likely to favorably impact the growth aspects across the value chain. Furthermore, in January 2023, Silafrica, the key FMCG packaging material manufacturer, announced the launch of foldable export fruit & vegetable crates for which it was awarded the Kenya Avocado Excellence Awards. The massive use of bio-degradable and sustainable raw components will prop up the scope of growth for the global market.

FMCG Packaging Market: Restraints

Restriction on the use of plastics by various governments can hamper the global industry expansion by 2030

Plastic packaging of fast-moving consumer goods is likely to restrict the expansion of the FMCG packaging industry across the globe. With strict laws governing the export & import of FMCG goods, it is more likely to inhibit the global industry surge in the years ahead.

FMCG Packaging Market: Opportunities

Massive preference for sustainable beverage packaging will open new growth opportunities for the global market

Rise in the sustainable beverage packaging and online food delivery has generated new growth avenues for the FMCG packaging market across the globe. Growing intake of dairy & non-alcoholic beverages will create new horizons of growth for the global market.

FMCG Packaging Market: Challenges

Lack of adoption of FMCG packaging in distant locations to be a challenging task for the global industry

Less acceptance of FMCG packaging in remote areas along with the rise in the costs of FMCG packaging has created a big challenge for the growth of the FMCG packaging industry across the globe.

FMCG Packaging Market: Segmentation

The global FMCG packaging market is sectored into type, application, and region.

In terms of type, the global FMCG packaging market is sectored into paper & paperboard, metal, plastic, and glass segments. Furthermore, the paper & paperboard segment, which accrued over 45% of the global market share in 2022, is slated to maintain its dominant status in the projected timeline. The segmental growth in the forecasting years can be subject to a rise in the demand for paper & paperboard packaging for the packing of fast-moving consumer goods.

On the basis of the application, the global FMCG packaging industry is divided into beverage, household & personal care, and food segments. Moreover, the beverage segment, which accumulated a major share of the global market in 2022, is forecast to dominate the application sphere over the forecast timeline. The growth of the segment over 2023-2030 can be subject to a rise in innovations in sustainable packaging. For instance, in the second half of September 2019, Macfarlane Packaging, a UK-based packaging supplier, introduced a biodegradable packaging protection solution for bottles and jars of wines. Reportedly, the product is manufactured from recycled products and bio-degradable as well as plastic-free materials.

Recent Breakthroughs:

• In the first half of 2020, Ball Corporation, a key provider of sustainable aluminum packaging solutions for beverages, is projected to represent the firm’s aluminum cups in retail stores such as grocery stores, drug stores, food service stores, and mass channel stores in the U.S. The move is likely to leverage the expansion of the FMCG packaging industry in the U.S.
• In the first quarter of 2020, Amcor Company, a key player offering effective packaging solutions, joined hands with Moda Systems, a next-generation vacuum packaging system manufacturer in North America & Latin America. The move is likely to enhance the operational efficiency of the latter and reduce the overall cost savings. The initiative is predicted to enhance the growth of the FMCG packaging business in the Americas.

FMCG Packaging Market: Report Scope

FMCG Packaging Market: Regional Insights

North American FMCG Packaging market to establish a leading position over the forecast timeframe

North America, which garnered more than 65% of the global FMCG packaging market revenue in 2022, is anticipated to record notable growth during the projected timespan. The regional market expansion over 2023-2030 can be subject to an increment in the demand for FMCG packaging in the food & beverages sector along with the rise in the demand for convenience foods in the countries such as Canada and the U.S. In addition to this, large-scale demand for cheese, yogurt, and milk will steer the expansion of the regional market in the years ahead. Reportedly, the U.S. is the largest consumer of wine across the globe and this will contribute notably to the regional market size.

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Furthermore, the FMCG packaging industry in the Asia-Pacific region is anticipated to register the fastest CAGR in the anticipated timespan. The factors that are likely to favorably leverage the growth of the regional industry are thriving pharmaceutical and food & beverages sectors in the countries such as India and China. Apart from this, a prominent increase in the investments in personal care and food processing sectors will prompt regional industry expansion.

FMCG Packaging Market: Competitive Space

The FMCG packaging market profiles key players such as:

• DS Smith PLC
• Amcor plc
• Albéa Group
• Toyo Seikan Group Holdings Ltd.
• Aptar Group Inc.
• Ball Corporation
• Consol Glass (Pty) Ltd
• Sealed Air Corporation
• Berry Global Inc.
• Crown Holdings Inc.
• Ardagh Group S.A.
• Kimberly-Clark Corporation
• Graham Packaging Company
• Tetra Pak International S.A.
• Mondi Plc
• Huhtamaki Oyj
• Sonoco Products Company

The global FMCG packaging market is segmented as follows:

By Type

• Paper & Paperboard
• Metal
• Plastic
• Glass

By Application

• Beverage
• Household & Personal Care
• Food

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa