The FMCG packaging market is expected to expand its roots at an average CAGR of 5.8% during the forecast period. The market is likely to hold a revenue of US$ 443.1 billion in 2023 while it is anticipated to cross a value of US$ 778.7 billion by 2033.
| Attributes | Details |
|---|---|
| FMCG Packaging Market CAGR (2023 to 2033) | 5.8% |
| FMCG Packaging Market Size (2023) | US$ 443.1 billion |
| FMCG Packaging Market Size (2033) | US$ 778.7 billion |
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Demand in the global FMCG packaging market is projected to grow at a 5.8% CAGR over the forecast period, in comparison with the 4.0% CAGR registered between 2018 to 2022.
The ubiquity of convenience and discount retailers and increasing production in the food and beverage sector are key factors driving the expansion of the market. Sales of dairy products such as milk, cheese, and yogurt have surged in the USA in recent years.
According to the USDA ERS, between 1975 and 2018, per capita cheese consumption increased from 14.3 pounds to 40 pounds. This has had a significant impact on the demand for various packaging formats.
In the FMCG industry, packaging accounts for a significant portion of the material costs associated with manufacturing a final product. As a result, manufacturers are inventing novel packaging methods to reduce operational costs.
Also, with the growing demand for nutritional foods, FMCG packaging players are reinventing their packaging to protect the nutritional content of perishable items.
Intelligent packaging offers a value-added experience to consumers. Technology-enabled packaging enables consumers to gain complete information about the product. Intelligent packaging is a smart way of identifying the quality and shelf life of consumable products.
Touchless codes such as barcode, QR codes, temperature and moisture indicators, and many others retrieve data in less time, which ultimately speed up buying decisions.
On the other hand, active packaging such as Modified Atmospheric Packaging (MAP) and Vacuum Atmospheric Packaging (VAP) ensure longer shelf life of the consumable products. As smart packaging offers opportunities to establish a brand presence to marketers, numerous end users such as food & beverages and pharmaceuticals are switching to smart packaging from traditional packaging formats.
As per FMI, intelligent packaging is preferred by 98 out of 100, which in turn is a big turning point in the packaging industry.
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The expansion of the e-commerce sector has been fueled by shifting preference from conventional brick-and-mortar stores to online channel retailers. The increasing penetration of mobile devices has also led to more consumers preferring online retail.
In addition to this, home delivery services for food is becoming more popular because of rising urbanization and changing lifestyle. Growing demand for ready-to-eat or frozen foods is likely to fuel the market.
Online retail channels offer a plethora of products, ranging from food, and electronics, to personal care items under one roof. These products require different packaging formats for safety during transit. This is expected to continue pushing sales in the FMCG market over the assessment period.
Country-wise Revenue Share:
| Country | United States |
|---|---|
| Revenue Share % (2022) | 18.9% |
| Country | Germany |
|---|---|
| Revenue Share % (2022) | 5.6% |
| Country | Japan |
|---|---|
| Revenue Share % (2022) | 7.1% |
| Country | Australia |
|---|---|
| Revenue Share % (2022) | 1.9% |
| Country | North America |
|---|---|
| Revenue Share % (2022) | 28.5% |
| Country | Europe |
|---|---|
| Revenue Share % (2022) | 24.3% |
Country-wise CAGR:
| Country | China |
|---|---|
| CAGR % (2023 to 2033) | 6.0% |
| Country | India |
|---|---|
| CAGR % (2023 to 2033) | 7.4% |
| Country | United Kingdom |
|---|---|
| CAGR % (2023 to 2033) | 2.4% |
Food and Beverage Manufacturers in the United States Prefer Flexible FMCG Packaging
The rapid expansion of the beverage sector in the United States is expected to drive sales in the market over the forecast period. Packaging and labeling companies that are working in collaboration with the beverage sector are emphasizing packaging innovation, and improving the words, fonts, and images to attract consumers. The nation leads the market as it held a market share of 18.9% in 2022. The North American region on the other side held a market share of 28.5% in 2022.
As per FMI, sales in the United States FMCG packaging market are projected to increase at a 5% CAGR over the forecast period.
In addition to this, the growing demand for sustainable and recyclable packaging formats is compelling manufacturers to launch innovative products. For instance, in January 2020, Ball Corporation introduced infinitely recyclable aluminum bottles that may be recycled into other metal products.
A re-closable threaded cap is included on the bottles, allowing customers to twist the top on and off. Companies in the FMCG sector are reconsidering their packaging choices. P&G, for example, wants to make all of its fabric care packaging in the USA recyclable by 2023.
FMCG Packaging Companies are Investing in Sustainable Packaging Formats
Increasing production and consumption in the pharmaceutical and food and beverage industries are driving sales in the Indian market. Growing investments in the food processing, personal care, and pharmaceuticals sectors are enabling the expansion of the FMCG packaging market in India. India is expected to thrive at a leading CAGR of 7.4% in the Asia Pacific region.
To maximize the packaging sector's potential in India, the government has been contacting industry experts. The Packaging Industry Association of India (PIAI), for example, drafts norms and guidelines to regulate packaging operations in the country.
Packaging consumption in India has surged by 200 percent in the last decade, from 4.3 kilograms per person per annum (pppa) to 8.6 kg pppa, according to the Indian Institute of Packaging (IIP).
Driven by these factors, demand in the Indian market is projected to grow at a robust 7.3% CAGR over the forecast period.
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| Category | By Product Type |
|---|---|
| Leading Segment | Rigid Packaging |
| Market Share (2023) | 63.9% |
| Category | By End Use |
|---|---|
| Leading Segment | Food & Beverages |
| Market Share (2023) | 56.2% |
Demand for Rigid Packaging in the Food and beverage Sector Will Remain High
In terms of end use, sales in the food & beverage sector are projected to increase at a 6.1% CAGR over the forecast period. Beverage companies are investing in innovative packaging formats to improve sales. The segment held a major share of 63.9% in 2022.
For instance, AVE United Kingdom introduced its new range of bottling equipment in August 2019 in Monobloc (filler/capper) and Unibloc (rinser/filler/capper) models, that can handle a multitude of components in a single machine. The movable bottling equipment is intended to reduce costs related to plastic packaging.
Sales of Rigid Packaging Will Gain Traction on The Back of the High Demand for Sustainable Solutions
Rigid packaging, such as glass containers, plastic boxes, cans, and cardboard is utilized to package food, cosmetics, and personal care products. It is slightly more expensive and heavier than flexible packaging, but it provides better protection against heat and other environmental influences, such as moisture.
The emergence of novel rigid packaging solutions and innovative product development is creating growth prospects for market players. In response to growing single-use plastic waste, manufacturers are launching sustainable and eco-friendly rigid packaging solutions.
These include packaging products made of glass, wood, and metal. During the forecast period, sales in this segment are forecast to increase at a 5.5% CAGR.
FMCG Packaging Companies are Using Plastics to Manufacturer Innovative Packaging
Based on the material, the plastic segment is forecast to expand at a considerable pace through 2032. PET and HDPE are the most often used materials in the manufacturing of bottles and jars. PVC is utilized in the fabrication of bottles, jars, and vials in some applications. However, as environmental concerns grow, producers are attempting to transition to PET and HDPE.
To enhance sustainability in the packaging sector, companies like Bizongo are developing biodegradable spill-proof lunch trays.
Leading players operating in the global FMCG packaging market are tailoring their services to more precise market niches by customizing products for various end users. In addition to this, players are investing in research and development to improve their product portfolios. For instance:
Market Developments
The market is valued at US$ 443.1 billion in 2023.
Berry Global Inc., Crown Holdings, and WestRock Company are the leading market players.
The market is estimated to reach US$ 778.7 billion by 2033.
Increasing adoption of intelligent packaging drives the market prospects.
The United States generated a share of 18.9% in 2022.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Flexible Packaging 5.3.1.1. Pouches & Sachets 5.3.1.2. Stick Packs 5.3.1.3. Bags & Sacks 5.3.1.4. Foils & Films 5.3.2. Rigid Packaging 5.3.2.1. Boxes & Cartons 5.3.2.2. Trays 5.3.2.3. Tubes 5.3.2.4. Containers & Jars 5.3.2.5. Bottles 5.3.2.6. Cans 5.3.2.7. Blisters 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2023 to 2033 6.3.1. Plastic 6.3.2. Paper and Paperboard 6.3.3. Metal 6.3.4. Glass 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033 7.3.1. Food & Beverage 7.3.2. Pharmaceuticals 7.3.3. Personal Care & Cosmetics 7.3.4. Homecare Products 7.3.5. Electronics 7.3.6. Others 7.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Product Type 9.2.3. By Material Type 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Material Type 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product Type 10.2.3. By Material Type 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Material Type 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Product Type 11.2.3. By Material Type 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Material Type 11.3.4. By End Use 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Product Type 12.2.3. By Material Type 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Material Type 12.3.4. By End Use 12.4. Key Takeaways 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product Type 13.2.3. By Material Type 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Material Type 13.3.4. By End Use 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Product Type 14.1.2.2. By Material Type 14.1.2.3. By End Use 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Product Type 14.2.2.2. By Material Type 14.2.2.3. By End Use 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Product Type 14.3.2.2. By Material Type 14.3.2.3. By End Use 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Product Type 14.4.2.2. By Material Type 14.4.2.3. By End Use 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Product Type 14.5.2.2. By Material Type 14.5.2.3. By End Use 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Product Type 14.6.2.2. By Material Type 14.6.2.3. By End Use 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Product Type 14.7.2.2. By Material Type 14.7.2.3. By End Use 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Product Type 14.8.2.2. By Material Type 14.8.2.3. By End Use 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Product Type 14.9.2.2. By Material Type 14.9.2.3. By End Use 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Product Type 14.10.2.2. By Material Type 14.10.2.3. By End Use 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Product Type 14.11.2.2. By Material Type 14.11.2.3. By End Use 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Product Type 14.12.2.2. By Material Type 14.12.2.3. By End Use 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Product Type 14.13.2.2. By Material Type 14.13.2.3. By End Use 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Product Type 14.14.2.2. By Material Type 14.14.2.3. By End Use 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Product Type 14.15.2.2. By Material Type 14.15.2.3. By End Use 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Product Type 14.16.2.2. By Material Type 14.16.2.3. By End Use 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Product Type 14.17.2.2. By Material Type 14.17.2.3. By End Use 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Product Type 14.18.2.2. By Material Type 14.18.2.3. By End Use 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Product Type 14.19.2.2. By Material Type 14.19.2.3. By End Use 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Product Type 14.20.2.2. By Material Type 14.20.2.3. By End Use 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product Type 15.3.3. By Material Type 15.3.4. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Berry Global Inc. 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Crown Holdings 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. WestRock Company 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Sealed Air Corporation 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Sonoco Products Company 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Ball Corporation 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Kimberly-Clark Corporation 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Mondi Plc 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Huhtamaki Oyj 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Ardagh Group S.A. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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FMCG Packaging Market
