Robust Growth Visible for Fast Moving Consumer Goods (FMCG) Market 2020-2025 | Tetra Pak, Ball, Crown Holdings, Sonoco, All American Containers, ITC, Kuehne + Nagel

Global Fast Moving Consumer Goods (FMCG) Market Synopsis:

The Global Fast Moving Consumer Goods (FMCG) Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

As per the market report analysis, Fast Moving Consumer Goods (FMCGs) have a short shelf life because of high consumer demand (e.g., soft drinks and confections) or because they are perishable (e.g., meat, dairy products, and baked goods). These goods are purchased frequently, are consumed rapidly, are priced low, and are sold in large quantities. They also have a high turnover when they're on the shelf at the store. The Fast Moving Consumer Goods (FMCGs) are the largest segment of consumer goods. They fall into the nondurable category, as they are consumed immediately and have a short shelf life.

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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Fast Moving Consumer Goods (FMCG) Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

Regionally, North America and Europe holds major share in Global Fast Moving Consumer Goods (FMCG) Market. Moreover, Asia-Pacific is expected to record higher growth rate in Fast Moving Consumer Goods (FMCG) market during the forecast year.

Top Major Key Players in the Global Fast Moving Consumer Goods (FMCG) Market:

1 Ball

2 Crown Holdings

3 Tetra Pak

4 Sonoco

5 Toyo Seikan Group

6 All American Containers

7 Huhtamak

8 Ardagh Group

9 Bomarko

10 Consol Glass

11 ITC

12 Kuehne + Nagel

13 WestRock Company

14 Novelis

15 Stanpac

16 Steripack

17 UFLEX and More…………………..

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Product Type Segmentation

1 Protective Packaging

2 Flexible Packaging

3 Paper-Based Packaging

4 Rigid Plastic Packaging

5 Custom Packaging

Industry Segmentation

1 Food & Beverages

2 Cosmetics

3 Others

International Business News:

Tetra Pak (November 17, 2020) - Tetra Pak research study reveals food safety-environment dilemma fostered by COVID-19 pandemic - Tetra Pak today unveils findings from its global research study, in partnership with Ipsos, showing that food safety is a major issue for society. The same amount of respondents believe that COVID-19 is a “real threat.” At the same time, concern for the environment remains strikingly powerful, pointing towards a dilemma in the consumers’ minds as they try to balance the critical priorities of human existence through safe food and sustainability of the planet we live on.

The Tetra Pak Index, in its 13th edition, has seen a 10% increase in global concern about food safety and future food supplies, now at 40%, compared to 30% from 2019. In addition, more than 50% of consumers not only believe that improving food safety is the responsibility of manufacturers, they see it as the number one issue that companies need to tackle now and in the future. According to this year’s research, health is deeply connected to heightened issues of food safety and hygiene: with two-thirds of consumers saying that being healthy is being safe and 60% of consumers globally saying they worry about the food they buy being hygienic and safe.

When asked what is key for them in a package, consumers indicate that ensuring food safety is its main purpose. They also express concerns about environmental innovations in packaging impacting food safety, even though the majority of respondents indicate ‘using sustainable packaging’ as one of the top issues food and beverage brands need to tackle – today and tomorrow.

Adolfo Orive, President and CEO, Tetra Pak, comments: “The COVID-19 pandemic has disrupted the status quo, accelerated trends and created a new landscape of consumer needs and opportunities for companies to build on. In particular, the industry needs to address the growing dilemma around food safety and the environment, stepping up towards the twin goals of meeting the human need for food while protecting our planet’s ecosystem. This is where food packaging can play a strong role in bringing about harmony.

Working closely with our customers and stakeholders, we are already on a journey to create the ultimate sustainable food package - a carton package that is made solely from responsibly sourced renewable or recycled materials, is fully recyclable and carbon-neutral, allowing ambient distribution and meeting food safety requirements. We see this as a critical step in building a sustainable future for the next generation, especially in the aftermath of COVID-19.”

The Tetra Pak Index 2020 also highlights how food waste is rising up the agenda and this is now seen as a concern by more than three-quarters of respondents. The impact of COVID-19 on supply chains has accelerated awareness of food waste as a pressing issue. There is a likelihood that this sentiment will grow going forward, as the world strives to feed its growing population. Consumers cite food waste reduction as both the number one environmental issue they can influence themselves and one of the top three priorities for manufacturers. But confusing labelling is a barrier, offering brands a chance for better communication.

Dan Esty, Hillhouse Professor at Yale University, comments: "This year’s Tetra Pak Index highlights emerging consumer and social concerns that we see increasingly mirrored by academic research. With a growing global population set to require up to 70% more food by 2050, at a time when biodiversity, climate change and food security are becoming ever more pressing, there is an urgent need for change. Bold initiatives such as those taken by Tetra Pak to rethink future food packaging are therefore the need of the hour.”

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Major Points in Table of Contents:

Global Fast Moving Consumer Goods (FMCG) Market Report 2020

1 Fast Moving Consumer Goods (FMCG) Product Definition

2 Global Fast Moving Consumer Goods (FMCG) Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Fast Moving Consumer Goods (FMCG) Shipments

2.2 Global Manufacturer Fast Moving Consumer Goods (FMCG) Business Revenue

2.3 Global Fast Moving Consumer Goods (FMCG) Market Overview

2.4 COVID-19 Impact on Fast Moving Consumer Goods (FMCG) Industry

3 Manufacturer Fast Moving Consumer Goods (FMCG) Business Introduction

3.1 Ball Fast Moving Consumer Goods (FMCG) Business Introduction

3.2 Crown Holdings Fast Moving Consumer Goods (FMCG) Business Introduction

3.3 Tetra Pak Fast Moving Consumer Goods (FMCG) Business Introduction

3.4 Sonoco Fast Moving Consumer Goods (FMCG) Business Introduction

3.5 Toyo Seikan Group Fast Moving Consumer Goods (FMCG) Business Introduction

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