Consumer Packaged Goods Packaging Market Industry Outlook, Size, Growth Factors and Forecast 2030

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐚𝐜𝐤𝐚𝐠𝐞𝐝 𝐆𝐨𝐨𝐝𝐬 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 𝐔𝐒$ 32.47 𝐁𝐧 𝐛𝐲 2030, 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 5.4% 𝐃𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝

The global market for Consumer Packaged Goods (CPG) packaging is projected to attain a market size of USD 32.47 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% over the forecast period. This growth is driven by the rising demand for packaging solutions that not only maintain product freshness but also have minimal environmental impact. Consumers increasingly prefer eco-friendly packaging without extra cost, prompting manufacturers to develop cost-effective and sustainable packaging options. Packaging serves as a crucial communication medium, highlighting product features and conveying the brand's value to consumers.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @ https://www.maximizemarketresearch.com/request-sample/85843/

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

One of the primary marketing strategies embraced by consumer goods producers is advanced packaging. Significant investments are being made to create appealing and expressive designs that effectively represent the brand, which in turn is driving the growth of the global market. According to a report by Maximize Market Research (MMR), 80% of millennials consider packaging to be moderately to very important in their purchasing decisions for retail grocery products. This heightened emphasis on packaging is propelling the expansion of the Consumer Packaged Goods Packaging market.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐒𝐞𝐜𝐭𝐨𝐫

The burgeoning e-commerce sector has emerged as a major factor supporting market growth. The e-commerce industry significantly contributes to revenue growth in the market, driven by the demand for protective packaging for small-sized goods and convenient packaging options. The rise of e-commerce has bolstered the FMCG (Fast-Moving Consumer Goods) industry's growth in the United States.

𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐁𝐨𝐨𝐬𝐭𝐬 𝐅𝐌𝐂𝐆 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

In recent years, manufacturers and retailers of fast-moving consumer goods have faced challenges such as slowing population growth and deflationary pressures. Despite these challenges, consumers enjoy a wider range of choices than ever before. According to an MMR report, FMCG sales at brick-and-mortar stores in the US declined by $3 billion in the first quarter of 2018, partly due to Easter sales shifting to the second quarter. However, e-commerce, often overlooked in the FMCG landscape, is now a key driver of industry growth. While online sales account for less than 15% of total sales in most FMCG categories in the US, they represent over 75% of additional dollars spent in five of the six categories analyzed.

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐒𝐞𝐜𝐭𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Pharmaceutical pre-fillable devices and pouches are expected to experience rapid growth in the market during the forecast period, driven by the increasing number of allergic and asthmatic patients. Continuous innovations and treatments in the pharmaceutical sector are creating new opportunities for the Consumer Packaged Goods Packaging Market.

𝐏𝐫𝐨𝐦𝐢𝐬𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜

The favorable economic conditions and demographics in the Asia-Pacific region are boosting the market for packaged goods packaging. International companies are targeting APAC for commercial expansion to gain a competitive edge in the global market. Key companies and manufacturers in the region are actively adapting and launching new products to meet evolving consumer demands.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The report provides a detailed analysis of the global market, categorized by material (metal, paper & paperboard, glass, plastics, and other materials) and application (personal care & cosmetics, healthcare & pharmaceutical, food & beverages, and household). It includes an analysis of past market dynamics from 2018 to 2023, offering insights into trends and key players' contributions.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The report profiles twelve key market players from various regions, including Crown Holdings Inc, Amcor Ltd, Ardagh Group, Berry Plastics Corporation, DS Smith PLC, Tetra Pak International, Toyo Seikan Kaisha Ltd, Reynolds Group Holdings, CCL Industries, Ball Corporation, and MeadWestvaco Corporation. It considers market leaders, followers, and new entrants, and examines the manufacturing environment, supply chain, raw material availability, labor costs, and advanced plastic types. The report also provides recommendations for future hotspots in five regions, covering major countries' manufacturing policies and the impact of COVID-19 on demand.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @ https://www.maximizemarketresearch.com/request-sample/85843/

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The global Consumer Packaged Goods Packaging Market is on a robust growth trajectory, driven by the increasing demand for innovative and sustainable packaging solutions. With the e-commerce sector playing a pivotal role and the pharmaceutical industry presenting new growth opportunities, the market is set to expand significantly over the coming years. The Asia-Pacific region, in particular, offers promising prospects for market expansion, attracting international businesses seeking to capitalize on the region's favorable economic conditions and evolving consumer preferences.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬

𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫 2023
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝 2024-2030
𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 2018 𝐭𝐨 2023
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐧 2023 𝐔𝐒 $22.47 𝐁𝐧
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝 2024 𝐭𝐨 2030 𝐂𝐀𝐆𝐑 5.4%
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐧 2030 𝐔𝐒 $32.47 𝐁𝐧

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 by Material (Metal, Paper & Paperboard, Glass, Plastics, Other Materials), by Application (Personal Care & Cosmetics, Healthcare & Pharmaceutical, Food & Beverages, Household)

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 North America, Europe, Asia Pacific, Middle East and Africa, South America

For more detailed insights and inquiries, please request a sample report or contact Maximize Market Research Pvt. Ltd.

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞: https://www.maximizemarketresearch.com/market-report/global-consumer-packaged-goods-packaging-market/85843/

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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