Packaging enables effective communication between the brand owners and consumers via logos, colors, product information, images, and graphics.
The increasing demand from the e-commerce industry is a crucial factor that will likely compel the prospects for market growth during the forecast period. The crucial importance of differentiated packaging, which adds critical value to the product and plays a major role in influencing consumer’s preference, is another major factor with an impact on the market. The market is witnessing increased technological advancements, and has a lot of potential to develop in the future with manufacturers engaging in providing products that meet the requirements of the customers.
The FMCG Packaging market was valued at USD 721.56 billion in 2020 and is expected to reach USD 945.98 billion by 2027, at a CAGR of 5.6% over the forecast period from 2021 to 2027. The objectives of this study are to define, segment, and project the size of the FMCG Packaging market based on company, product type, end user and key regions.
This report studies the global market size of FMCG Packaging in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of FMCG Packaging in these regions.
This research report categorizes the global FMCG Packaging market by top players/brands, region, type and end user. This report also studies the global FMCG Packaging market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The Study Objectives Of This Report Are:
In this study, the years considered to estimate the market size of FMCG Packaging are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2020
Forecast Year 2021 to 2027
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of FMCG Packaging market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.