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FMCG Packaging Market Size is Expected to Reach USD 1,126.7 Billion By 2032 | CAGR: 4.25%

10-11-2024 07:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

FMCG Packaging Market

FMCG Packaging Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐Œ๐‚๐† ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐Š๐ž๐ฒ ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

๐’๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ:

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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/fmcg-packaging-market/requestsample

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ— ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐œ๐จ๐ง๐œ๐ž๐ซ๐ง๐ฌ:

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„-๐œ๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก:

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— ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐š๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ:

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.

๐๐ฎ๐ฒ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/checkout?id=5259&method=502

๐…๐Œ๐‚๐† ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ:

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.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

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.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:

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.

๐“๐จ๐ฉ ๐…๐Œ๐‚๐† ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ:

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.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐ญ๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:ย https://www.imarcgroup.com/fmcg-packaging-market

๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž ๐š๐ง๐ฒ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐จ๐ฏ๐ž๐ซ๐ž๐ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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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