The global FMCG packaging market size was valued at USD 683.72 billion in 2024. The market is projected to grow from USD 719.90 billion in 2025 to USD 1,057.13 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period. The growing penetration of mobile devices and rising preference for online retail channels are among the major factors driving the industry expansion. The demand for food delivery is rising owing to the changing lifestyle and growing urbanization, which is another factor impelling industry growth.
Fortune Business Insights™ provides this information in its research report, titled “FMCG Packaging Market, 2025-2032”.
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Segmentation:
Plastic Segment Holds Prominent Share Due to Rising HDPE Demand in Bottle and Jar Manufacturing
By material, the market is subdivided into paper & paperboard, plastic, metal, and glass. The plastic segment accounts for the largest share in the market. The segment growth is driven by the soaring demand for HDPE (high-density polyethylene) and PET (polyethylene terephthalate) in the manufacturing of bottles and jars.
Rigid Packaging Segment Leads the Market Driven by Benefit of Extended Shelf Life
Based on product type, the market for FMCG packaging is fragmented into flexible packaging and rigid packaging. The rigid packaging segment registers a major share in the market. This is due to the benefit of extended shelf life offered by these products.
Pharmaceuticals Segment Holds the Largest Share Owing to Rising Product Demand
By application, the market is categorized into food, beverages, personal care & cosmetics, consumer goods, pharmaceuticals, and others. The pharmaceuticals segment records a leading share in the market. The segmental expansion is propelled by a rise in the number of asthmatic and allergic patients and an increasing packaging demand.
Based on geography, the market for FMCG packaging has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides an analysis of the key factors poised to propel the global business landscape over the study period. It further gives an insight into the major steps adopted by leading companies to consolidate their industry positions. The report also covers an analysis of the business scenario on the basis of various segments. The market has been studied on the basis of material, product type, application, and geography.
Drivers and Restraints:
Rising Emphasis on the Development of Eco-friendly Solutions to Boost Industry Growth
Recent years have recorded an increase in technological advancements focused on the development of eco-friendly packaging solutions. The product demand is surging owing to changing consumer lifestyles across various regions. These factors are touted to propel the FMCG packaging market growth over the analysis period.
However, the product adoption could be hampered on account of strict government regulations focused on environmental safety.
Regional Insights:
Asia Pacific Holds Leading Market Share Driven by Expanding Economies
The Asia Pacific accounts for the largest FMCG packaging market share. This can be credited to the expanding economies of China and India. These countries have a major contribution toward the expansion of urbanization and population.
Competitive Landscape:
Key Players Develop and Launch New Products to Strengthen their Market Positions
Industry players are depicting a soaring interest in the development and launch of new FMCG packaging products. These initiatives are being adopted to consolidate their positions in the global market. Some of the other steps deployed by industry players comprise collaborations, investment initiatives, and merger agreements.
Key Industry Development:
April 2022 – Amcor announced the launch of sustainable packaging solutions for pharmaceuticals. The solutions provide high performance and barrier and are recycle-ready products with sustainable high shield laminates.
List of Key Players Mentioned in the Report:
- Amcor (Australia)
- Ball Corporation (U.S.)
- Mondi Group (U.K.)
- DS Smith (U.K.)
- Ardagh Group (Luxembourg)
- Nampak (South Africa)
- Berry Astrapak (South Africa)
- Mpact Limited (South Africa)
- Crown Holdings, Inc. (U.S.)
- Constantia Flexibles (Austria)
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