Furthermore, due to increased urbanization and changing lifestyles, home delivery services for meals are becoming more popular. Growing demand for ready-to-eat or frozen foods is expected to drive the FMCG packaging market forward.
Under one roof, online shopping channels offer a variety of things ranging from food and gadgets to personal care items. Different packing formats are required for these products to be safe during transit. This is likely to drive sales in the FMCG packaging market throughout the evaluation period.
FMCG Packaging Market Report Scope and Research Methodology:
The report provides a comprehensive assessment of the market, including main stakeholders in the FMCG Packaging industry. The market’s volume, revenue, production and sales have also been included in the FMCG Packaging market report in detail. It clearly shows the historical and current status of the market with the forecasted trends and FMCG Packaging market size. To understand consumer behaviour in its entirety, the report employed several research methodologies including interviews, surveys, etc.
SMR’s report is the result of the several methodologies used for the study which are PORTER, PESTLE and SWOT analysis along with the bottom-up approach to estimate the FMCG Packaging market size. The study used these methods to shed light on the key financial considerations that FMCG Packaging key players must focus on when identifying competition and developing market strategies.
FMCG Packaging Market Overview:
Stellar Market Research has published an intelligence report entitled FMCG Packaging Market, which includes Manufacturers, Regions, Types, Applications, Segments and Forecast to 2029. The report covers the analysis of insights in view of the FMCG Packaging market along with its ever-changing patterns, industry environment and all dominant aspects of the market.
FMCG Packaging Market Size is expected to grow at a CAGR of 5.7 % during the forecast period. The FMCG Packaging market is expected to reach US$ 615 Bn in 2029 from US$ 395 Bn in 2021.
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FMCG Packaging Market Segmentation:
Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Homecare Products, Electronics, and Others are the end-use segments of the FMCG Packaging industry.
In terms of end use, sales in the food and beverage industry are expected to expand at a CAGR of 6.1% during the forecast period. Beverage companies are investing in cutting-edge package designs to boost sales. The food and beverage area of the FMCG packaging industry accounts for up to 30% of the FMCG packaging market's end-use segment.
For example, AVE UK announced its new line of bottling equipment in Monobloc (filler/capper) and Unibloc (rinser/filler/capper) models in August 2019, each of which can handle multiple components in a single machine. The portable bottling equipment seeks to reduce the cost of plastic.
The FMCG Packaging market is divided into Plastic, Paper and Paperboard, Metal, Glass, and Others (Wood, Foam, etc.).
Depending on the substance, the plastic category is expected to rise greatly until 2032. PET and HDPE are the most often used materials in the manufacture of bottles and jars. PVC is used to make bottles, jars, and vials in a variety of applications. However, as environmental concerns grow, manufacturers are attempting to transition to PET and HDPE. To promote sustainability in the packaging business, companies such as Bizongo are developing biodegradable, spill-proof lunch trays.
FMCG Packaging Market Key Players:
Berry Global Inc. (United States)
Crown Holdings (United States)
WestRock Company (United States)
Sealed Air Corporation (United States)
Sonoco Products Company (United States)
Ball Corporation (United States)
Kimberly-Clark Corporation (United States)
Mondi Plc (United Kingdom)
Huhtamaki Oyj (Finland)
Ardagh Group S.A. (Luxembourg)
FMCG Packaging Market Regional Insights:
The FMCG Packaging market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the FMCG Packaging Market Report are:
- What is the expected FMCG Packaging market size by the end of the forecast period?
- What are the FMCG Packaging market segments?
- Which segment in the FMCG Packaging market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the FMCG Packaging market?
- What key trends are expected to emerge in the FMCG Packaging market during the forecast period?
- Which region dominated the FMCG Packaging market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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