Description: –
FMCG refers to fast moving packaged goods, which are products sold fast and at a relatively affordable cost than other consumer goods. The packaging for FMCG is crucial for its market positioning. The packaging of FMCG products allows their manufacturing brands to distinguish their product offerings from those of their rival brands. The packaging also serves as a communication tool between the manufacturer and the customer. The global FMCG packaging market has immense growth potential in the future due to manufcaturer initiative to customize their packaging according to customer requirements.
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Key Players Included in this report:
Amcor
Ball
Berry Global
Crown Holdings
Tetra Pak
WestRock
Graham Packaging
Reynolds Group Holdings
The FMCG packaging market is slated to grow at a CAGR of over 4.6% between the study period of 2019-2024. Profesionals working in the FMCG sector now constantly work under the pressure of producing these goods and introducing them to the market, as opposed to even a decade ago. FMCG product packaging is almost as significant as the FMCG product offered itself. The packaging serves as an indispensable marketing and communication tool for the manufcaturing brand. FMCG companies are continuously engaged in an effort to expand their customer base and the packaging they use allows them to do so.
The FMCG packaging market, a any other market has its growth drivers and growth impediments. One of the growth drivers for this market space is the hike in demand from the growing e-commerce industry which has created its own market for FMCG packaging. Convenient and small-size protective packaging is much in demand from this industry. However, the environmental impact of using certain material to produce packaging have been proving detrimental for the growth of the global FMCG packaging market and is expected to continue doing so.
Segmentation
The global FMCG packaging industry can be studied better when divided into certain segments. We will be segmenting the market on the basis of product type, application, sales channel and region. With respect to product type, the global FMCG packaging market can be divided into metal, rigid plastic, flexible plastic and paperboard. In terms of application, the market can be dissected into the personal care industry, the food and beverage industry and the pharmaceuticals industry. The two distinct sales channels for this market are direct sales and sale via distributors. Regionally, the FMCG packaging market is studied with respect to the geographical areas of Asia Pacific, North and South America, Europe and the Middle East region.
Regional Overview
As already discussed, the regions taken into account for the purpose of analyzing the market conditions of the global FMCG packaging market are Asia Pacific, North and South America, Europe and the Middle East. The fastest growing regional market for FMCG packaging globally will be Asia Pacific. The fast growing economies of India and China and the increasin population and urbanization of these countries will provide a huge customer base for FMCG products. The FMCG packaging market will be greatly aided by India’s multiplying FMCG sector, present in the rural as well as urban sector. The Indian govenrment’s financial initiatives for rural India will help boost their income and expenditure on FMCG products.
Latest industry news
The FMCG market is highly competitive and manufacturing brands operating in this market space are currently trying to innovate their packaging to suit the taste of their customer, for greater sales. Recyclable packaging is starting to catch up as a trend in the FMCG packaging market, with companies attempting to prove their concern for the environment to the customer and encouraging them to buy their products, packed in environment friendly material.
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Table of Contents – Major Key Points
- FMCG Packaging Product Definition
- Global FMCG Packaging Market Manufacturer Share and Market Overview
- Manufacturer FMCG Packaging Business Introduction
- Global FMCG Packaging Market Segmentation (Region Level)
- Global FMCG Packaging Market Segmentation (Product Type Level)
- Global FMCG Packaging Market Segmentation (Industry Level)
- Global FMCG Packaging Market Segmentation (Channel Level)
- FMCG Packaging Market Forecast 2018-2023
- FMCG Packaging Segmentation Product Type
Continued….
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