According to Fortune Business Insights the global FMCG packaging market size was valued at USD 683.72 billion in 2024. The market is projected to grow from USD 719.90 billion in 2025 to USD 1,057.13 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period. The growing penetration of mobile devices and rising preference for online retail channels are among the major factors driving the industry expansion. The demand for food delivery is rising owing to the changing lifestyle and growing urbanization, which is another factor impelling industry growth.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The FMCG Packaging Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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List of the Key Players in the FMCG Packaging Market:
Amcor (Switzerland)
Berry Global Inc. (U.S.)
WestRock Company (U.S.)
Sealed Air Corporation (U.S.)
Sonoco Products Company (U.S.)
Ball Corporation (U.S.)
Mondi Plc (U.K.)
Huhtamaki Oyj (Finland)
Ardagh Group S.A. (Luxembourg)
DS Smith (U.K.)
Nampak Ltd. (South Africa)
Competitors Landscape:
The realm of FMCG Packaging Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
FMCG Packaging Market Segmentation Analysis:
Plastic Segment Holds Prominent Share Due to Rising HDPE Demand in Bottle and Jar Manufacturing
By material, the market is subdivided into paper & paperboard, plastic, metal, and glass. The plastic segment accounts for the largest share in the market. The segment growth is driven by the soaring demand for HDPE (high-density polyethylene) and PET (polyethylene terephthalate) in the manufacturing of bottles and jars.
Rigid Packaging Segment Leads the Market Driven by Benefit of Extended Shelf Life
Based on product type, the market for FMCG packaging is fragmented into flexible packaging and rigid packaging. The rigid packaging segment registers a major share in the market. This is due to the benefit of extended shelf life offered by these products.
Pharmaceuticals Segment Holds the Largest Share Owing to Rising Product Demand
By application, the market is categorized into food, beverages, personal care & cosmetics, consumer goods, pharmaceuticals, and others. The pharmaceuticals segment records a leading share in the market. The segmental expansion is propelled by a rise in the number of asthmatic and allergic patients and an increasing packaging demand.
Based on geography, the market for FMCG packaging has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Rising Emphasis on the Development of Eco-friendly Solutions to Boost Industry Growth
Recent years have recorded an increase in technological advancements focused on the development of eco-friendly packaging solutions. The product demand is surging owing to changing consumer lifestyles across various regions. These factors are touted to propel the FMCG packaging market growth over the analysis period.
However, the product adoption could be hampered on account of strict government regulations focused on environmental safety.
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