FMCG Market Size, Overview, Growth, Demand and Forecast to 2024-2031

The FMCG Packaging Market is anticipated to reach a value of USD 661.6 Billion by 2024, with a projected Compound Annual Growth Rate (CAGR) of 5% from 2024 to 2032. The study, which utilizes 2023 as the base year, provides insights into the market size in terms of value (USD Billion) and forecasts it for the period spanning 2024 to 2032. This comprehensive report segments the market based on Material Type, Product Type, End User, and region/country.

FMCGs encompass a wide array of lower-priced products that have rapid turnover rates, commonly found in various retail outlets such as supermarkets, hypermarkets, and convenience stores. In the personal care category, FMCG companies utilize packaging as a pivotal tool to allure and engage customers.

Current trends indicate that consumers are gravitating towards packaging that highlights affordability, convenience, ease of storage, differentiation from competitors, as well as style and attractiveness. Nevertheless, the surge in FMCG consumption contributes significantly to packaging waste. Encouragingly, there is a growing array of sustainable alternatives emerging as potential sources for packaging materials.