Press release
FMCG Packaging Market Size is Expected to Reach USD 1,126.7 Billion By 2032 | CAGR: 4.25%
๐๐ฅ๐จ๐๐๐ฅ ๐ ๐๐๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐๐๐ฒ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐๐-๐๐๐๐๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ:
โ The global FMCG packaging market size reached USD 761.7 Billion in 2023.
โ The market is expected to reach USD 1,126.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.25% during 2024-2032.
โ Asia Pacific leads the market, accounting for the largest FMCG packaging market share.
โ On the basis of the packaging type, the market has been bifurcated into flexible packaging and rigid packaging.
โ Plastic holds the largest share in the FMCG packaging industry.
โ Food and beverages remain a dominant segment in the market due to the need for effective preservation and safety of food products.
โ The rising concern about sustainability is a primary driver of the FMCG packaging market.
โ Technological advancements and e-commerce growth are reshaping the FMCG packaging market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/fmcg-packaging-market/requestsample
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ:
People are aware about environmental issues and prefer products with sustainable packaging. Research indicates that a substantial segment of shoppers is willing to pay more for products packaged in eco-friendly materials, pushing FMCG companies to adopt greener practices. Governments worldwide are implementing stricter regulations regarding packaging waste, encouraging companies to adopt sustainable practices. This includes bans on single-use plastics and mandates for recyclable or compostable materials. Compliance with these regulations is essential for companies to maintain market access and avoid fines. Many FMCG companies are integrating sustainability into their core business strategies as part of their corporate social responsibility (CSR) commitments. This includes reducing packaging waste, minimizing the use of non-recyclable materials, and adopting circular economy principles, where packaging is designed for reuse and recycling.
โ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก:
With products being shipped directly to consumers, there is a heightened need for protective packaging that prevents damage during transit. Companies are investing in robust packaging materials that can withstand rough handling and ensure product integrity, such as padded envelopes, molded inserts, and sturdy boxes. E-commerce has driven the demand for lightweight packaging, as companies aim to reduce shipping costs and minimize their carbon footprint. Brands are exploring innovative materials and designs that maintain product safety while being lighter and more efficient in terms of space and weight. E-commerce platforms often require packaging that can accommodate various product sizes and shapes. Companies are increasingly adopting customized packaging solutions tailored to specific products, enhancing the unboxing experience for consumers and improving operational efficiency.
โ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ:
Innovations in technology are enabling the development of smart packaging solutions that incorporate sensors and indicators. These can monitor freshness, track temperature, and provide real-time data about the product's condition, ensuring safety and quality throughout the supply chain. The integration of automation and robotics in packaging processes has increased efficiency and reduced labor costs. Automated packaging lines can quickly and accurately package products, improving production speed and minimizing errors. 3D printing technology is being used to create customized packaging designs and prototypes quickly. This allows companies to experiment with new shapes and materials without significant upfront costs, facilitating rapid innovation and faster time-to-market.
๐๐ฎ๐ฒ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=5259&method=502
๐ ๐๐๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
โ Paper
โ Plastic
โ Metal
โ Glass
โ Others
Plastic represents the largest segment due to its versatility, lightweight nature, cost-effectiveness, and ability to provide excellent barrier properties, making it suitable for a wide range of products.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
โ Food and Beverages
โ Cosmetic and Personal Care
โ Others
Food and beverages account for the majority of the market share as it requires extensive packaging solutions for product safety, shelf-life extension, and consumer convenience, given the high demand for packaged food items globally.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โ North America (United States, Canada)
โ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ Latin America (Brazil, Mexico, Others)
โ Middle East and Africa
Asia Pacific enjoys the leading position in the FMCG packaging market owing to its rapidly growing population, increasing urbanization, rising disposable incomes, and expanding e-commerce and retail sectors.
๐๐จ๐ฉ ๐ ๐๐๐ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐๐ซ๐ฌ:
The FMCG packaging market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
โ Albรฉa Group
โ Amcor plc
โ AptarGroup Inc.
โ Ball Corporation
โ Berry Global Inc.
โ Consol Glass (Pty) Ltd
โ Crown Holdings Inc.
โ DS Smith PLC
โ Graham Packaging Company
โ Sealed Air Corporation
โ Sonoco Products Company
โ Tetra Pak International S.A.
โ Toyo Seikan Group Holdings Ltd.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐ญ๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:ย https://www.imarcgroup.com/fmcg-packaging-market
๐๐ ๐ฒ๐จ๐ฎ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ ๐๐ง๐ฒ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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