About FMCG Packaging
Fast-moving consumer goods are manufactured and purchased to satisfy consumer requirements in segments such as food, beverages, pharmaceuticals, cosmetics, and household products. Food products, beverages, and pharmaceuticals need durable packaging to prevent any spoilage or contamination.
FMCG includes non-durable, consumable goods such as soft drinks, toiletries, over-the-counter drugs, and processed foods. These products have a short shelf life because of high consumer demand and rapid deterioration of these products.. Other goods like alcohol, toiletries, pre-packaged foods, soft drinks, and cleaning products have high turnover rates. FMCG products are usually purchased through loyalty or from impulsivity; decisions are made often because of brand recognition or price reductions. So it is an industry that is heavily supported through advertisements and promotional events by the manufacturers. Vendors are exploring new outlets and sales locations while traditional retailers have introduced private label brands to capture additional profits.
Technavio’s analysts forecast the global FMCG packaging market to grow at a CAGR of 4.4% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global FMCG packaging market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the different geographical regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global FMCG Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the Global FMCG Packaging Market: Amcor, Ball, Berry Plastic, Crown Holdings and Tetra Pak.
Other Prominent Vendors in the market are: American International Container, Applied Extrusion Technologies, Ardagh Group, Blue Ridge Paper Products, Bolton Group, Bomarko, Chesapeake, Consol Glass, Huhtamaki, Jiangsu Zhongda New Material Group, Solo Cup, Westrock, Sonoco Products, Stanpac, Steripack, Tetra Laval International, Toyo Seikan Group Holdings, UFLEX, Vacumet.
Commenting on the report, an analyst from Technavio’s team said: “Greater demand from developing countries is good news for the market. Economic growth in developing economies such as Brazil, China, India, and countries in the Middle East, has created a large untapped market for FMCG product packaging. The growing demand for sustainable packaging is another important development that will continue to evolve and influence the market. Pouch packaging is also becoming more popular, and we expect it will contribute to market growth during the forecast period.”
According to the report, in order to meet the international regulatory compliance standards for safety, demand from the pharmaceutical industry for durable, tamper-resistant packaging is increasing. The inert properties of plastic, along with its durability, cleanliness, transparency, and light weight have made it a popular option for packaging complex medical products.
Further, the report states that the cost of packaging products depends on the cost of raw materials like aluminum, plastic, and paper, so fluctuation in raw material prices is an issue in the industry.
Amcor, Ball, Berry Plastic, Crown Holdings, Tetra Pak, American International Container, Applied Extrusion Technologies, Ardagh Group, Blue Ridge Paper Products, Bolton Group, Bomarko, Chesapeake, Consol Glass, Huhtamaki, Jiangsu Zhongda New Material Group, Solo Cup, Westrock, Sonoco Products, Stanpac, Steripack, Tetra Laval International, Toyo Seikan Group Holdings, UFLEX, Vacumet.