Fmcg Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.89 Trillion |
| Market Size (2029) | USD 1.12 Trillion |
| CAGR (2024 - 2029) | 4.64 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fmcg Packaging Market Analysis
The FMCG Packaging Market size is estimated at USD 0.89 trillion in 2024, and is expected to reach USD 1.12 trillion by 2029, growing at a CAGR of 4.64% during the forecast period (2024-2029).
The fast-moving consumer goods (FMCG) market encompasses lower-priced products sold in larger quantities and at a rapid pace. This market includes food and beverages, consumer durables, personal care and cosmetics, and sports goods. Dominated by a strong presence of multinational corporations (MNCs), common distribution channels for these products are supermarkets, hypermarkets, convenience stores, and various retail outlets. The FMCG market is fiercely competitive, with numerous brands competing for consumer attention. A growing global population and rising disposable incomes, especially in developing nations, present lucrative opportunities for FMCG producers and packaging manufacturers.
FMCG companies leverage various packaging attributes to capture customer attention and drive persuasion. Trends indicate that consumers favor economical, easy-to-handle, and store packaging, distinct from competitors and notably stylish and visually appealing. In response, packaging manufacturers are adopting advanced technologies to enhance the quality and aesthetics of the packaging. This allows them to cater to a broader spectrum of FMCG clients and facilitate product differentiation. Additionally, there is a rising global demand within the FMCG industry for resealable packaging, single-serve options, and easy-to-open containers. Such features simplify storage and usage for consumers and encourage repeat purchases.
Recent advancements in seafood packaging are increasingly aligning with the preferences of consumers, retailers, and essential foodservice buyers. While sustainability has long been a cornerstone of maintaining healthy seafood resources, the focus is shifting to the packaging methods used to protect and transport seafood. Bemis, a consumer-facing packaging company, notes that the demand for sustainable practices across the entire supply chain is set to grow. Additionally, numerous beverage companies are evolving their packaging strategies, moving from traditional bottles to aluminum cans for water and launching interactive digital platforms.
The FMCG industry in India increased due to consumer-driven growth and rising product costs, particularly for necessities, according to the India Brand Equity Foundation (IBEF). About 3 million people are employed in the FMCG industry, which accounts for about 5% of all manufacturing jobs in India. The nation's revenue growth for FMCG sales was projected to increase by 7-9% in 2022-2023. Favorable government efforts and policies, a growing rural market, a young population, newly branded items, and the development of e-commerce platforms are some of the main growth factors for the market.
Concerns and awareness about the effects of packaging waste produced by the FMCG industry on the environment are rising. Single-use packaging, particularly plastic, has drawn criticism because it contributes to pollution, litter, and landfill waste. Finding environmentally acceptable alternatives is problematic for FMCG firms due to expanding environmental restrictions and customer demand for sustainable packaging solutions.
Many manufacturers focus on launching modified or new eco-friendly packaging for the FMCG market. For instance, in August 2024, Pakka Limited, known for its compostable packaging solutions, forged its second partnership with Brawny Bear, a nutrition company renowned for its date-focused health foods. This alliance has led to the debut of Date Energy Bars, making them the first energy bars in India to utilize compostable flexible packaging.
Fmcg Packaging Market Trends
Beverage is Expected to Hold Major Share
- In recent years, the fast-moving consumer goods (FMCG) market has witnessed a notable evolution in packaging trends. A primary catalyst for this shift is the heightened emphasis on sustainability. As consumers grow increasingly aware of the environmental ramifications of their purchases, they actively seek brands that prioritize sustainable packaging. Consequently, there has been a surge in the adoption of eco-friendly packaging materials, including biodegradable plastics, recycled content, and compostable substances.
- Major FMCG players are making plastic reduction a key target, as 75% of consumers prefer environmentally friendly packaging. With plastics accounting for 3.4% of greenhouse gas emissions globally, cutting their use in packaging is essential to global carbon emission reduction efforts. To do this, major FMCG players, including Kraft Heinz, PepsiCo, and Coca-Cola, are making plastic reduction a key target, alongside increasing the use of recycled plastics in the supply chain.
- In addition to sustainability concerns, the FMCG market's packaging trend is increasingly influenced by the growth of e-commerce and the demand for shipping-resilient packaging. With growing number of consumers embracing online shopping, brands are prioritizing packaging materials and designs that safeguard products during transit. Consequently, there has been a surge in the use of robust packaging solutions, including corrugated boxes, pillow pouches, bubble wraps, and padded envelopes.
- Beyond sustainability and e-commerce trends, the FMCG market is experiencing a heightened demand for eye-catching packaging. As a result, brands are increasingly adopting bold colors, unique shapes, and creative graphics in their designs and materials to differentiate themselves and attract consumers.
- According to Krones, the amount of packed water consumed worldwide is currently at 472 billion liters, making it the most popular beverage. Dairy products ranked in second place, followed by milk in third place. The rising use of packaged beverages, especially bottled water, shows that producers must produce more packaged goods regularly.
- This increased manufacturing volume drives the need for FMCG packaging materials such as bottles, cans, cartons, and pouches. According to Krones report, alcoholic beverage consumption is more than 72 billion liters, making it the world's most consumed packaged beverage.
North America is Expected to Hold Significant Market Share
- The United States is anticipated to lead the North American FMCG packaging market due to its large population and substantial client base for the local industry. In North America, the United States is one of the main regions expanding due to increased transportation of goods, import and export activity, and governmental environmental safety regulations. Consumers changing preferences for biodegradable and sustainable packaging materials are expected to influence market demand.
- Several leading packaging companies, including Graphic Packaging International, WestRock, Sonoco Production Company, International Paper Company, and Packaging Corporation of America, have established their presence in the United States.
- During the forecast period, the FMCG packaging market is expected to thrive, buoyed by surging demands for fresh produce, bulk packaging, storage needs, and regional international trade activities.
- In addition to this, Canada's e-commerce infrastructure is not only advanced but also seamlessly integrated with the United States system. Major players like Amazon, Wal-Mart, Canadian Tire, Costco, Best Buy, Hudson's Bay, and Etsy dominate Canada's online marketplace. In the United States, the rise in e-commerce spending is fueled by seamless home delivery, retailers' omnichannel strategies, and tailored consumer experiences.
- For Canadian consumers, the Internet serves as the primary ordering platform. Over the past decade, online sales have outpaced traditional retail growth. To bolster both B2B and B2C interactions, most Canadian retailers have adopted mobile technology and online systems. This will bolster the demand for FMCG secondary packaging such as bubble wraps, cardboard boxes, and padded envelopes in the country.
- In April 2023, Tetra Pak partnered with The Walt Disney Company to infuse Disney and MARVEL magic into popular milk drink categories. Under Coop's Qualité & Prix brand in Switzerland, beverage cartons will feature eighty Disney and MARVEL-themed graphics on products like ambient white milk, fresh white milk, flavored milk, and protein drinks.
FMCG Packaging Industry Overview
The FMCG packaging market features key players, including Amcor Limited, Ball Corporation, Berry Plastics Corporation, Tetra Pak International SA, and DS Smith PLC. These companies actively focus on business expansion in the FMCG packaging market through innovations, collaborations, and mergers and acquisitions. For instance
February 2024: In a strategic maneuver, Mondi, a global frontrunner in packaging and paper, successfully acquired the Hinton Pulp mill in Alberta, Canada. The deal, valued at USD 5 million, was sealed after deftly navigating Canadian regulatory reviews and fulfilling standard closing conditions. The seller, West Fraser Timber, is well-regarded in the diversified wood products arena. With this acquisition, Mondi aims to keep a strong foothold in the FMCG packaging market and enhance its competitive edge.
February 2024: Constantia Flexibles agreed to acquire around 57% of the shares in Aluflexpack, a prominent packaging producer. With operations spanning 14 locations across Europe, Aluflexpack specializes in foil and film packaging, catering primarily to the consumer and pharmaceutical markets.
FMCG Packaging Market Leaders
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Amcor Limited
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Ball Corporation
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Berry Plastics Corporation
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Tetra Pak International S.A.
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DS Smith PLC
*Disclaimer: Major Players sorted in no particular order
FMCG Packaging Market News
- June 2024: Saica Group, a player in the packaging solutions arena, teamed up with Mondelez, a name in fast-moving consumer goods, to unveil a new paper-based packaging solution. This product is designed for multipacks in the confectionery, biscuit, and chocolate industries. The innovative packaging aligns with recycling standards for paper waste and is compatible with heat-sealable processes. It can be coated or uncoated, depending on the desired aesthetic.
- March 2024: SEE introduced a paper-based bottom web, aiming to assist food processors and retailers in curbing plastic usage and cater to the rising consumer preference for paper packaging. CRYOVAC brand Barrier Formable Paper, crafted from 90% FSC-certified fibers, offers a potential 77% reduction in plastic usage for bottom web packaging, especially when replacing traditional PET/PE webs. This makes the brand a practical and seamlessly integrated sustainable solution for processors.
Fast-Moving Consumer Goods (FMCG) Packaging Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Industry Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Surge in E-commerce Drives Demand for FMCG Packaging
- 5.1.2 Increasing Demand For Small Sized and Convenient Packaged Products
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5.2 Market Restraint
- 5.2.1 Strict Government Regulations on Environmental Safety
6. MARKET SEGMENTATION
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6.1 By Material Type
- 6.1.1 Paper and Paperboard
- 6.1.2 Plastics
- 6.1.3 Metal
- 6.1.4 Glass
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6.2 By Application
- 6.2.1 Food
- 6.2.2 Beverages
- 6.2.3 Cosmetics and Personal Care
- 6.2.4 Pharmaceuticals
- 6.2.5 Household Care
- 6.2.6 Other Applications
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6.3 Geography
- 6.3.1 North America
- 6.3.1.1 United States
- 6.3.1.2 Canada
- 6.3.2 Europe
- 6.3.2.1 United Kingdom
- 6.3.2.2 Germany
- 6.3.2.3 France
- 6.3.2.4 Italy
- 6.3.2.5 Spain
- 6.3.3 Asia
- 6.3.3.1 China
- 6.3.3.2 India
- 6.3.3.3 Japan
- 6.3.3.4 South Korea
- 6.3.3.5 Australia and New Zealand
- 6.3.4 Latin America
- 6.3.4.1 Brazil
- 6.3.4.2 Argentina
- 6.3.4.3 Mexico
- 6.3.5 Middle East and Africa
- 6.3.5.1 Gulf Cooperation Council (GCC)
- 6.3.5.2 Egypt
- 6.3.5.3 Nigeria
- 6.3.5.4 Kenya
- 6.3.5.5 South Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 Amcor Ltd
- 7.1.2 Ball Corporation
- 7.1.3 Mondi Group
- 7.1.4 DS Smith PLC
- 7.1.5 Sealed Air Corporation
- 7.1.6 Consol Glass (Pty) Ltd
- 7.1.7 Nampak Ltd
- 7.1.8 Astrapak Ltd (RPC Group)
- 7.1.9 Mpact Pty Ltd
- 7.1.10 Crown Holdings Inc.
- 7.1.11 Stora Enso Oyj
- 7.1.12 Constantia Flexibles GmbH
- 7.1.13 Toyo Seikan Kaisha Limited
- 7.1.14 Berry Plastics Corporation
- 7.1.15 East African Packaging Industries Ltd (EAPI)
- 7.1.16 Albea SA
- 7.1.17 Tetra Pak International SA
- 7.1.18 Bonpak (Pty) Ltd
- 7.1.19 Frigoglass South Africa (Pty) Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
** Subject To AvailablityFmcg Packaging Industry Segmentation
The scope of the study characterizes the FMCG packaging market based on the material type, including paper and paperboard, plastics, metal, and glass used across various industries such as food, beverages, cosmetics and personal care, pharmaceuticals, and household care across various regions. The research also examines underlying growth drivers and significant industry vendors, which will help support market estimates and growth rates throughout the forecast period. The market estimates and projections are based on the base year factors and arrived at the top-down and bottom-up approaches.
The FMCG packaging market is segmented by material type (paper and paperboard, plastic, metal, and glass), application (food, beverages, cosmetics and personal care, pharmaceuticals, and household care), and Geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, Italy, Spain, and Rest of Europe], Asia-Pacific [China, India, Japan, South Korea, and Rest of Asia-Pacific], (Latin America [Brazil, Argentina, Mexico, and Rest of Latin America], Middle East and Africa [Gulf Cooperation Council (GCC), Egypt, Nigeria, Kenya, South Africa, and Rest of Middle East and Africa]). The report offers market forecasts and size in value (USD) for all the above segments.
| By Material Type | Paper and Paperboard | |
| Plastics | ||
| Metal | ||
| Glass | ||
| By Application | Food | |
| Beverages | ||
| Cosmetics and Personal Care | ||
| Pharmaceuticals | ||
| Household Care | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Geography | Asia | China |
| India | ||
| Japan | ||
| South Korea | ||
| Australia and New Zealand | ||
| Geography | Latin America | Brazil |
| Argentina | ||
| Mexico | ||
| Geography | Middle East and Africa | Gulf Cooperation Council (GCC) |
| Egypt | ||
| Nigeria | ||
| Kenya | ||
| South Africa |
Fast-Moving Consumer Goods (FMCG) Packaging Market Research FAQs
How big is the FMCG Packaging Market?
The FMCG Packaging Market size is expected to reach USD 0.89 trillion in 2024 and grow at a CAGR of 4.64% to reach USD 1.12 trillion by 2029.
What is the current FMCG Packaging Market size?
In 2024, the FMCG Packaging Market size is expected to reach USD 0.89 trillion.
Who are the key players in FMCG Packaging Market?
Amcor Limited, Ball Corporation, Berry Plastics Corporation, Tetra Pak International S.A. and DS Smith PLC are the major companies operating in the FMCG Packaging Market.
Which is the fastest growing region in FMCG Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in FMCG Packaging Market?
In 2024, the North America accounts for the largest market share in FMCG Packaging Market.
What years does this FMCG Packaging Market cover, and what was the market size in 2023?
In 2023, the FMCG Packaging Market size was estimated at USD 0.85 trillion. The report covers the FMCG Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the FMCG Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
FMCG Packaging Industry Report
Statistics for the 2024 FMCG Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. FMCG Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
