FMCG Packaging Market to Reach US$ 726.6 Billion by the Year 2032 at a CAGR of 5.7% in the Forecast Period 2022 to 2032

Published Via 11Press : NEWARK, Del: The global FMCG packaging market was worth US$ 418.8 billion in the year 2022 and is expected to reach US$ 726.6 billion by the year 2032 at a CAGR of 5.7% between 2022 and 2032.

Innovation is the cornerstone of FMCG packaging market. For instance – InvisiShield from Aptar Food comes across as a platform technology formulated for releasing the quantity of agent to maintain freshness, extend the shelf life, and enhance efficacy in food safety. The company is now looking to cater to sliced apples, peppers, onions, and tomatoes.

At the same time, the fact that transporting packed consumables and goods could have ill-effects and lead to reduction in the packaged contents nutritional value can’t be ignored. This factor could compel the end-users to think twice before going for packaged food. In case of packaged seafood, its all the more worth pondering.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-110

Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘FMCG Packaging Market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With food and beverage sector flourishing, the global FMCG packaging market is expected to grow on an exorbitant note in the near future.” Says an analyst from Future Market Insights.

Key Takeaways from FMCG Packaging Market

• North America holds the largest market share with the US being subject to the packaging and labeling organizations collaborating with beverage sector to render innovation in packaging, fonts, words, and images to pacify consumers. Plus, there is an exorbitant demand for recyclable and sustainable packaging formats. On these grounds, Ball Corporation, in January 2020, did come up with recyclable aluminum bottles. The bottles are inclusive of re-closable threaded cap, which allows customers to twist them off and on. P&G, for instance, has decided to make the fabric care packaging in US recyclable by the year 2023.
• The Asia-Pacific is expected to be led by India; thanks to appropriate investments in personal care, food processing, and pharmaceuticals sectors. The PIAI (Packaging Industry Association of India) does draft guidelines and norms for regulating the country’s packaging operations. The last 10 years witnessed a 200% rise in packaging consumption – 8.6 Kg pppa from 4.3 Kg pppa.

Competitive Packaging

• Amcor, in January 2020, did announce that it had partnered with Moda vacuum packaging solutions in LATAM and North America. The producers could thus obtain operational enhancements, thereby creating cost-effectiveness by integration of Amcor’s shrink bag as well as roll stock film for cheese and meat through Moda’sModa’s system.
• PFF Group, in January 2022, came up with a 100% recyclable food packaging product called ‘IMPACT-T’ that needs lesser plastic as compared to PET packaging and also facilitates increased usage of PCR (post-consumer recycled) material, thereby optimizing resources that are used.
• Ball Corporation, in May 2020, did name ‘Acosta’ (one of the leading marketing and sales agencies in the consumer packaged goods vertical) for exclusively representing its aluminum cups in on-premise, and retail outlets inclusive of specialty channels, food service, grocery, drug, and C-stores, and select mass channel retailers all over the US.
• Macfarlane, in September 2019, came up with a biodegradable packaging protection solution with respect to wine bottles. This Flexi-Hex product is basically made out of recycled materials. The design constitutes concertina style honeycomb sleeve protector forming one of the impact-resistant layers around the bottles for protection.
• Uflex, in November 2019, tabled its 3D effect ‘Asepto Eye’ aseptic packaging for the beverages.

Want your report customized? Speak to an analyst and personalize your report according to your needs: https://www.futuremarketinsights.com/customization-available/rep-gb-110

What does the Report package?

• The research study is based on product type (flexible packaging (pouches & sachets, stick packs, bags & sacks, and foils and films), rigid packaging (boxes & cartons, trays, tubes, containers & jars, bottles, cans, and blisters), by material type (plastic, paper and paperboard, metal, glass, and likewise (wood, foam, etc.), and by end-use (food & beverage, pharmaceuticals, personal care & cosmetics, homecare products, electronics, and others (textiles, office supplies, etc.)
• With discount retailers spreading far and wide coupled with growing production on the part of food & beverage sector, the global FMCG packaging market is expected to grow on a good note in the near future.

Global FMCG Packaging Market By Category

By Product Type:

• Flexible Packaging
• Pouches & Sachets
• Stick Packs
• Bags & Sacks
• Foils & Films
• Rigid Packaging
• Boxes & Cartons
• Trays
• Tubes
• Containers & Jars
• Bottles
• Cans
• Blisters

By Material Type:

• Plastic
• Paper and Paperboard
• Metal
• Glass
• Others (Wood, Foam, etc.)

By End Use :

• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics
• Homecare Products
• Electronics
• Others (Office Supplies, Textile, etc.)

By Region :

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

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Explore Trending Reports of Packaging:

Beverage Packaging Market Demand: The global beverage packaging market is expected to secure US$ 156.7 Billion in 2032 while expanding at a CAGR of 4.1%. The market is likely to hold a value of US$ 104.8 Billion in 2022.

Flexible Packaging Paper Market Value: The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022 to 2032. 

Biodegradable Packaging Market Size: According to Future Market Insights research, during the projected period, the global biodegradable packaging market is set to enjoy a valuation of US$ 448.2 Bn in 2022, and further expand at a CAGR of 6.1% during 2022 to 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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