FMCG Packaging Market sales growing at a CAGR of 5.7% through 2032 with rising demand

With sales increasing at a CAGR of 5.7% through 2032, the worldwide FMCG packaging market is anticipated to reach US$ 418.8 Bn in 2022.

According to the analysis, rigid packaging will make up over 63.2% of the global FMCG market by 2032, making it the most popular type of packaging for FMCG products. The market is anticipated to reach US$ 726.6 Bn in 2032 due to a positive demand forecast.

In contrast to the 4.1% CAGR seen between 2017 and 2021, demand is expected to increase at a 5.7% CAGR during the forecast period in the global FMCG packaging market.

Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-110

Due to the expansion of sectors such as electronic, pharmaceutical, food & beverage, and personal care in emerging nations, sales in the FMCG packaging market are likely to remain robust over the forecast period. The emergence of smart packaging solutions with barcodes and QR codes for providing product information to consumers is one of the primary drivers driving the industry. Inventory processes in the warehouse, such as life cycle management, stocking, and tracking, are also benefiting from smart tags and smart packaging.

Botch, for example, included smart technology into the carton printing process to track and trace product movement across the supply chain. Ultra-contact labels, which are temperature monitor labels that stress the ideal temperature, have also been added by PakSense.

“Eco-friendly paper-based packaging is likely to gain popularity over the forecast period, increasing market growth.” Growing environmental concerns and packaging requirements would give opportunities for players to improve product quality, boosting sales during the projected period, according to the FMI analyst.

Important Points to Remember:

•                   Based on end-use, sales in the food and beverage sector are predicted to expand at a 6.1 percent CAGR until 2032.
  • In terms of material, plastic will continue to be in high demand.
  • According to material type, the rigid packaging market is predicted to grow at a CAGR of 5.5 percent throughout the assessment period.
  • The United States will continue to lead the North American FMCG packaging industry until 2032, with sales growing at a 5% CAGR.
  • Through 2032, the Indian FMCG packaging sector is predicted to grow at a healthy 7.3 percent compound annual growth rate (CAGR).

Get In Touch With Our Team For 30% Flat Discount 

Leading players in the global FMCG packaging market are investing in research and development to develop sustainable packaging solutions for a variety of sectors. In addition, companies are merging, acquiring, and forming alliances to expand their global market reach.

•                   Acosta, a prominent consumer packaged products sales and marketing firm, was hired to exclusively represent Ball Corporation’s aluminium cups at retail and on-premises outlets across the United States in May 2020, including grocery, drug, and C-stores, as well as food service.

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

Request TOC @ https://www.futuremarketinsights.com/toc/rep-gb-110