Fast-Moving Consumer Goods Packaging Market Size by Product Type (Flexible Packaging, Rigid Packaging, Primary Packaging), Material (Plastic, Glass, Metal), End-User (Food and Beverage, Household, Personal Care and Cosmetics), Packaging Type (Bottles, Cans, Cartons) & Region for 2024-2031
Report ID: 16649|No. of Pages: 202
Fast-Moving Consumer Goods Packaging Market Size by Product Type (Flexible Packaging, Rigid Packaging, Primary Packaging), Material (Plastic, Glass, Metal), End-User (Food and Beverage, Household, Personal Care and Cosmetics), Packaging Type (Bottles, Cans, Cartons) & Region for 2024-2031
Fast-Moving Consumer Goods Packaging Market Valuation- 2024-2031
The Fast-Moving Consumer Goods (FMCG) packaging business is quickly expanding, driven by rising demand for convenience, sustainability, and innovation in product delivery. Packaging is essential for safeguarding goods, extending shelf life, and increasing brand appeal among consumers. This is likely to enable the market size to surpass USD 730.96 Billion in 2024 to reach a valuation of around USD 1180.70 Billion by 2031.
As customer preferences shift toward eco-friendly and intelligent packaging solutions, businesses invest in innovative supplies and designs. The market is divided into product types, materials, end-use industries and regions, providing several prospects for expansion around the world. The rising demand for fast moving consumer goods packaging is enabling the market to grow at a CAGR of 7.09 from 2024 to 2031.
Fast-Moving Consumer Goods Packaging Market Definition/Overview
Fast Moving Consumer Goods (FMCG) are the materials and designs used to contain and protect rapidly moving consumer goods such as food, beverages and personal care products.
It is critical for assuring product safety, preserving freshness, and giving convenience to consumers. It also plays an important part in branding and marketing.
FMCG packaging will increasingly prioritize sustainability and smart technologies, with a shift toward eco-friendly materials and innovative designs that address growing environmental concerns and customer expectations.
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How Are Innovations in Sustainable Materials Driving the Growth of the Fast-Moving Consumer Goods Packaging Market?
Sustainable material innovations are significantly influencing the Fast-Moving Consumer Goods (FMCG) packaging business. As consumers want more environmentally friendly solutions, businesses are using biodegradable plastics and recycled paper. These developments are not only helping in lessening environmental effect, but also fit with global sustainability objectives. Companies can increase brand appeal and meet regulatory requirements by providing greener options, hence boosting market expansion.
How Is the Rising Cost of Raw Materials Challenging the Growth of the Fast-Moving Consumer Goods Packaging Market?
The growing cost of raw materials is challenging the growth of the Fast-Moving Consumer Goods (FMCG) packaging market by raising manufacturing costs. Increasing costs for commodities such as plastic and paper raise packaging prices, which can be passed on to consumers. This financial strain reduces profit margins and may hinder market expansion as businesses seek cost-effective alternatives and adapt pricing methods to remain competitive.
Category-wise Acumens
Will the Increasing Demand for Flexible Plastic Packaging Drive the Growth of the Flexible Packaging Segment?
The growing need for flexible plastic packaging is driving the flexible packaging segment in the Fast-Moving Consumer Goods (FMCG) market. Flexible plastic has several advantages, including cost-effectiveness, lightweight design and greater product protection. Its adaptation to consumer expectations for convenience and sustainability is increasing its popularity, resulting in significant growth in this category. Advancements in packaging technology and material science are also helping to drive the segment’s growth. These advances improve the functionality and appeal of flexible plastic packaging, reinforcing its market dominance.
Will the Growing Focus on Convenience Drive the Growth of the Flexible Packaging Segment?
The increasing emphasis on convenience is driving the expansion of the flexible packaging segment in the Fast-Moving Consumer Goods (FMCG) industry. Flexible packaging provides advantages such as ease of use, reseal ability and space efficiency, which are consistent with consumer expectations for convenience and portability. These characteristics make flexible packaging an appealing alternative for both manufacturers and consumers. As a result, the industry is rapidly increasing to fulfill the growing demand for practical and user-friendly packaging options.
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Country/Region-wise Acumens
Will the Rapid Urbanization and Growing middle class Drive the Growth of the Fast-Moving Consumer Goods Packaging Market in the Asia-Pacific Region?
Rapid urbanization and a growing middle class are driving Asia-Pacific’s Fast Moving Consumer Goods (FMCG) packaging market. As metropolitan areas grow and disposable incomes rise, so does demand for packaged goods. This trend is driving investments in improved packaging solutions to meet changing customer demands. As a result, the FMCG packaging industry in this region is experiencing significant and sustained expansion. This growth is further supported by the region’s robust manufacturing infrastructure and technological advancements in packaging. The combined effect of these factors strengthens Asia-Pacific’s position as a key market player.
Will the Increasing Investment in Infrastructure and Retail Expansion Drive the Rapid Growth of the Fast-Moving Consumer Goods Packaging Market in the Latin American Region?
The Latin American Fast Moving Consumer Goods (FMCG) packaging market is seeing strong growth due to increasing investment in infrastructure and retail expansion. Improved infrastructure enables better distribution networks, while the growth of modern retail formats increases demand for creative packaging options. These technologies address the increasing consumer need for convenience and product variety. As a result of these crucial investments and retail developments, the Latin American FMCG packaging market is expanding at a rapid pace.
Competitive Landscape
The event management software market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the fast-moving consumer goods packaging market include:
- Amcor plc
- Tetra Pak International S.A.
- Ball Corporation
- Sealed Air Corporation
- Mondi Group
- Berry Global, Inc.
- Crown Holdings, Inc.
- Sonoco Products Company
- Smurfit Kappa Group plc
- Huhtamäki Oyj
- Coveris
- Silgan Holdings
Latest Developments
- In August 2024, Berry Global invested in additional assets and manufacturing capabilities to increase its healthcare production capacity by up to 30% across three European sites.
- In July 2024, Mondi Group announced the launch of its new paper-based packaging solution for the FMCG market, which is designed to be recyclable and compostable.
- In August 2024, Coveris unveiled its new range of sustainable packaging materials made from recycled plastics, aimed at reducing the environmental impact of FMCG products.
- In September 2024, Silgan Holdings reported strong financial results, driven by growth in its FMCG packaging segment. The company also announced plans to expand its manufacturing capacity to meet increasing demand.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| Growth Rate | CAGR of 7.09% from 2024 to 2031 |
| Base Year of Valuation | 2024 |
| Historical Period | 2021-2023 |
| FORECAST PERIOD | 2024-2031 |
| Quantitative Units | Value (USD Billion) |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | mcor plc, Tetra Pak International S.A., Ball Corporation, Sealed Air Corporation, Mondi Group, Berry Global, Inc., Crown Holdings, Inc., Sonoco Products Company, Smurfit Kappa Group plc, Huhtamäki Oyj, Coveris, Silgan Holdings |
| Customization | Report customization along with purchase available upon request |
Fast-Moving Consumer Goods Packaging Market, by Category
Product Type:
- Flexible Packaging
- Rigid Packaging
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Material:
- Plastic
- Paper & Paperboard
- Glass
- Metal
- Biodegradable Materials
End-User:
- Food & Beverage
- Personal Care & Cosmetics
- Household Products
- Healthcare & Pharmaceuticals
- Others (Pet Food, Stationery, etc.)
Packaging Type:
- Bottles
- Cans
- Cartons
- Pouches
- Containers
- Blister Packs
- Trays
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Fast-Moving Consumer Goods Packaging Market, By Packaging Type
• Flexible Packaging
• Rigid Packaging
• Paperboard Packaging
• Metal Packaging
5. Fast-Moving Consumer Goods Packaging Market, By Material
• Plastic
• Paper and Paperboard
• Glass
• Metal
6. Fast-Moving Consumer Goods Packaging Market, By Application
• Food and Beverages
• Personal Care and Cosmetics
• Healthcare and Pharmaceuticals
• Household Products
• Electronics and Appliances
• Tobacco Products
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Amcor Limited
• Ball Corporation
• Berry Global Group, Inc.
• DS Smith Plc
• Huhtamaki Oyj
• International Paper Company
• Sealed Air Corporation
• Smurfit Kappa Group Plc
• Sonoco Products Company
• Tetra Pak International SA
• WestRock Company
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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