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

The FMCG Packaging Market, valued at USD 661.6 Billion in 2024, is poised to grow at a CAGR of 5% from 2024 to 2032. This comprehensive study, established on a 2023 baseline, forecasts market size in terms of value (USD Billion) over the period of 2024 to 2032. The report meticulously dissects and projects market dimensions, segmenting it by Material Type, Product Type, End User, and region/country.

Fast-moving consumer goods (FMCGs) encompass a wide array of affordable products that experience rapid turnover, commonly stocked in supermarkets, hypermarkets, convenience stores, and various other retail channels. Within the personal care sector, FMCG firms utilize packaging as a strategic lever to captivate and influence consumers.

Current trends indicate that consumers are increasingly attracted to packaging that emphasizes affordability, convenience, ease of storage, differentiation from competitors, style, and aesthetic appeal. However, the surge in FMCG consumption also contributes significantly to packaging waste. Fortunately, the market is witnessing the emergence of numerous sustainable alternatives as potential packaging solutions.