Fast Moving Consumer Goods Packaging Market Size, Trends, and Insights By Product Type (Flexible Plastic, Rigid Plastic Paper, Paperboard), By Application (Food and Beverages, Cosmetics, Pharmaceutical, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Amcor
- Ball Corporation
- Crown Holdings
- Tetra Pak
- Sonoco
- Toyo Seikan Group
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Fast Moving Consumer Goods Packaging Market size was estimated at USD 746.75 Million in 2021 and is expected to reach USD 787.2 million in 2022 and is expected to hit around USD 1109.25 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.
Fast-moving consumer goods (FMCG) packaging, widely known as consumer packaged goods (CPG), are products that are sold quickly and at a relatively low cost. For instance, non-durable household products, including packaged foods, soaps, daily essential personal care products, and many others. FMCG has a high margin and high volume of sales, owing to which the market is growing rapidly.
The global fast-moving consumer goods packaging market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby increasing the production capacity of plastic packaging thus, driving the market growth by catering to the need for plastic packaging in various end-use industries.
Growth Factors.
The personal care and consumer goods sector is one of the fast-moving consumer packaging sectors across the globe, where plastic packaging is extensively used to protect, preserve, store, and transport products such as various skincare and body care products, including soap, lotions, face creams, gels, and moisturizers bottles. The growing demand from the cosmetics and personal care industry has increased the potential sales of plastic packaging in the market.
The growing population across the globe, the increase in the number of working women, and the rise in disposable income among people have boosted the global fast-moving consumer goods packaging market. In addition, growing consumer demand for well-packed, medium-sized products has enhanced the performance of packaging products. This is projected to propel the growth of the fast-moving consumer goods packaging market in the upcoming years.
In addition, the growing food and beverages industry worldwide is driving the potential sales of fast moving consumer goods packaging market. For instance, according to an article published by IBIS World, in the year August 2022, the industry revenue is expected to fall at a compound annual rate of 0.9% over the five years through 2022-23 to £935.4 million. Moreover, technological advancement and growing consumer expectations for well-packed packaging of FMCG products have been expected to drive the market during the outlook period.
In addition, the growing demand for nutritious and organic food has also driven the FMCG packaging market. Several manufacturers have developed innovative packaging tools for maintaining packed food’s taste and aesthetic looks. These factors are enhancing the overall growth of fast moving consumer goods packaging market.
Moreover, increased demand for bakery products has given way to a flexible, fast-moving consumer goods packaging market.
Fast-moving consumer goods packaging market Segmentation.
Fast-moving consumer goods packaging market, segmented by Product Type
Depending on the product type, the fast-moving consumer goods packaging market is segmented into flexible plastic, rigid plastic, paper, and paperboard.
The rigid plastic segment dominated the market in 2021 and is expected to grow over the forecast period with a total share of 24.56%. Rigid plastic provides extended shelf life, due to which it has gained popularity in the food and beverages industry, where it is used to wrap up bottles, jars, containers, and many others. This is anticipated to increase the demand for plastic packaging in the industrial sector.
Furthermore, rigid plastic packaging is mostly suitable for FMCG products, including food, medicine, electronics, toys, personal care items, and office stiffs, among others.
In response to this flexible, fast-moving consumer goods packaging market has shown considerable growth during the forecast period. The flexible plastic packaging products are widely used for ice cream wrappers, to seal food trays, laundry capsule pouches, and bottle sleeves, and during transportation. This is anticipated to enhance the demand for plastic packaging in the pharmaceutical industry, thus, creating remunerative opportunities for the market.
Fast-moving consumer goods packaging market, segmented on the basis of Application
Based on application, the global fast-moving consumer goods packaging market is studied across food & beverages, cosmetics, and pharmaceutical. It is expected that the global food & beverages application segment to hold a dominant position and account for 33.76% of the total market share.
The factors such as a rapid shift in lifestyle, busy schedule of people, and growing trends of ready-to-eat packed food have escalated the demand for various types of fast-moving consumer goods packaging products where it is extensively used as protecting, and covering material while carrying out food during the transportation.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 746.75 Million |
| Projected Market Size in 2030 | USD 1109.25 Million |
| Market Size in 2022 | USD 787.2 Million |
| CAGR Growth Rate | 5.8% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the global fast-moving consumer goods packaging market with a total market share of 43.76%. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others have significantly contributed to the growth of the fast-moving consumer goods packaging market in the region.
Key factors for the growing pharmaceutical, cosmetics, and personal care products, medical sector, food and beverages, and other end-use industry has surged the demand for plastic packaging. Furthermore, the healthcare sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in the year March 2021, India’s healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016. At this rate, it is expected to reach USD 372 billion in 2022. These factors together increase the usage of plastic packaging in the growing healthcare industry for the packaging of various healthcare products such as various surgical containers, medical bottles, saline bottles, syringes, and many others.
Moreover, China has a dynamic market for the food & beverages sector owing to the rise in the population, growing plastic packaging plants, rise in import and export trade, and increased demand for food. This is where plastic packaging is predominately used for packaging ready-to-eat foods. This is augmented the demand for plastic packaging in food & beverage applications.
The Europe region has shown considerable growth due to the strong presence of the cosmetics industry, where plastic packaging is used in the formulation of various skin care products as it is an excellent source of protective material that helps in preventing the falling of cosmetic products and it helps in maintaining the shelf life of skin care products.
Moreover, an increase in the utilization of shipping containers and import and export activities across North America, Europe, Asia-Pacific, and the LAMEA region has fueled the growth of the industrial packaging segment.
Key Findings:
- The rigid plastic segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 24.56%.
- Global food & beverages application segment to hold a dominant position during 2022 -2031 and accounted for 33.76% of the total market share during the forecast period.
- Asia-Pacific is the dominant region in the bio-butanol market with a total market share of 43.67% during the forecast period.
Key market players in the Fast moving consumer goods packaging market
- Amcor
- Ball Corporation
- Crown Holdings
- Tetra Pak
- Sonoco
- Toyo Seikan Group
- All American Containers
- Huhtamak
- Ardagh Group
- Bomarko
- Consol Glass
- ITC
- Kuehne Nagel
- WestRock Company
- Novelis
- Stanpac
- Steripack
- UFLEX
- Others
COVID-19 Analysis
The fast-moving consumer goods packaging market has had a moderate impact due to the wake of the COVID-19 pandemic; owing to the rise in cases of COVID-19, the implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.
However, the stock prices of several fast-moving consumer goods companies, such as Unilever and Procter & Gamble, dropped by 15.6% and 6.7%, respectively from 21 February 2020 to 17 March 2020. The consumer demand pattern has been up due to stock-piling behaviours, and hence, supply chain disruptions were evident. For instance, milk producers have been reducing prices in the United Kingdom. For instance, Medina Dairies in the United Kingdom have cut their cost by 2p per litre to a standard 23.75p per litre from May 1st, 2020. Also, with small distributors of the F&B segment, concerning packaging material, manufacturing would face financial hurdles as the shopping has gone online along with stricter regulations.
This has temporarily hampered the demand and supply chain of fast moving consumer goods packaging market. In addition, there is an increase in the demand from the e-commerce sector, which has increased the potential sales of the global FMCG packaging market during the second quarter of 2020.
In the first quarter of 2021, the market for plastic packaging experienced an increase in the demand for plastic packaging chemicals in pharmaceutical, healthcare, household products, and other end-use industry worldwide, compared to that in 2020.
Key Development:
In January 2021: Tetra Pak launched a new collaborative innovative model with leading paper board producer companies. This strategic product launch has enhanced Tetra Pak’s packaging product portfolio.
In May 2020: Ball Corporation is a leading marketing and sales agency in the consumer packaged goods industry. It has exclusively launched the company’s aluminum cups in retail outlets, including grocery, drug, and C-stores, food service, speciality channels, and select mass channel retailers, across the United States. This strategic product launch has widened the demand for packaging products in the North American region.
In January 2020 – Amcor Company entered into a strategic partnership with Moda vacuum packaging systems in North America and Latin America. This strategic partnership will boost the demand for packaging products of FMCG products.
Segments covered in the report
By Product Type
- Flexible Plastic
- Rigid Plastic Paper
- Paperboard
By Application
- Food and Beverages
- Cosmetics
- Pharmaceutical
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Fast Moving Consumer Goods Packaging Market, (2022 – 2030) (USD Million)
- 2.2 Global Fast Moving Consumer Goods Packaging Market : snapshot
- Chapter 3. Global Fast Moving Consumer Goods Packaging Market – Industry Analysis
- 3.1 Fast Moving Consumer Goods Packaging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing use of plastic packaging in food
- 3.2.2 Beverages and industrial sectors will aid the market growth.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Fast Moving Consumer Goods Packaging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Fast Moving Consumer Goods Packaging Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Fast Moving Consumer Goods Packaging Market – Product Type Analysis
- 5.1 Global Fast Moving Consumer Goods Packaging Market overview: By Product Type
- 5.1.1 Global Fast Moving Consumer Goods Packaging Market share, By Product Type , 2021 and 2030
- 5.2 Flexible Plastic
- 5.2.1 Global Fast Moving Consumer Goods Packaging Market by Flexible Plastic, 2022 – 2030 (USD Million)
- 5.3 Rigid Plastic Paper
- 5.3.1 Global Fast Moving Consumer Goods Packaging Market by Rigid Plastic Paper , 2022 – 2030 (USD Million)
- 5.4 Paperboard
- 5.4.1 Global Fast Moving Consumer Goods Packaging Market by Paperboard , 2022 – 2030 (USD Million)
- 5.1 Global Fast Moving Consumer Goods Packaging Market overview: By Product Type
- Chapter 6. Global Fast Moving Consumer Goods Packaging Market – Application Analysis
- 6.1 Global Fast Moving Consumer Goods Packaging Market overview: By Application
- 6.1.1 Global Fast Moving Consumer Goods Packaging Market share, By Application, 2021 and 2030
- 6.2 Food and Beverages
- 6.2.1 Global Fast Moving Consumer Goods Packaging Market by Food and Beverages, 2022 – 2030 (USD Million)
- 6.3 Cosmetics
- 6.3.1 Global Fast Moving Consumer Goods Packaging Market by Cosmetics, 2022 – 2030 (USD Million)
- 6.4 Pharmaceutical
- 6.4.1 Global Fast Moving Consumer Goods Packaging Market by Pharmaceutical, 2022 – 2030 (USD Million)
- 6.5 Others
- 6.5.1 Global Fast Moving Consumer Goods Packaging Market by Others , 2022 – 2030 (USD Million)
- 6.1 Global Fast Moving Consumer Goods Packaging Market overview: By Application
- Chapter 7. Fast Moving Consumer Goods Packaging Market – Regional Analysis
- 7.1 Global Fast Moving Consumer Goods Packaging Market Regional Overview
- 7.2 Global Fast Moving Consumer Goods Packaging Market Share, by Region, 2021 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.3.1.1 North America Fast Moving Consumer Goods Packaging Market, by Country, 2022 – 2030 (USD Million)
- 7.3.1 North America Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.4 North America Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030
- 7.4.1 North America Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030 (USD Million)
- 7.5 North America Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030
- 7.5.1 North America Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030 (USD Million)
- 7.6. Europe
- 7.6.1 Europe Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.6.1.1 Europe Fast Moving Consumer Goods Packaging Market, by Country, 2022 – 2030 (USD Million)
- 7.6.1 Europe Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.7 Europe Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030
- 7.7.1 Europe Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030 (USD Million)
- 7.8 Europe Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030
- 7.8.1 Europe Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030 (USD Million)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.9.1.1 Asia Pacific Fast Moving Consumer Goods Packaging Market, by Country, 2022 – 2030 (USD Million)
- 7.9.1 Asia Pacific Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.10 Asia Pacific Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030
- 7.10.1 Asia Pacific Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030 (USD Million)
- 7.11 Asia Pacific Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030 (USD Million)
- 7.12. Latin America
- 7.12.1 Latin America Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.12.1.1 Latin America Fast Moving Consumer Goods Packaging Market, by Country, 2022 – 2030 (USD Million)
- 7.12.1 Latin America Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.13 Latin America Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030
- 7.13.1 Latin America Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030 (USD Million)
- 7.14 Latin America Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030
- 7.14.1 Latin America Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030 (USD Million)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.15.1.1 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, by Country, 2022 – 2030 (USD Million)
- 7.15.1 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, 2022 – 2030 (USD Million)
- 7.16 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030
- 7.16.1 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, by Product Type , 2022 – 2030 (USD Million)
- 7.17 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Fast Moving Consumer Goods Packaging Market, by Application, 2022 – 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Amcor
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Ball Corporation
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Crown Holdings
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Tetra Pak
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Sonoco
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Toyo Seikan Group
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 All American Containers
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Huhtamak
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Ardagh Group
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Bomarko
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Consol Glass
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 ITC
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Kuehne Nagel
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 WestRock Company
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Novelis
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Stanpac
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Steripack
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 UFLEX.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.1 Amcor
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Asia-Pacific” region will lead the global Fast Moving Consumer Goods Packaging market during the forecast period 2022 to 2030.
The key factors driving the market are growing use of plastic packaging in food & beverages and industrial sectors will aid the market growth.
The global Fast Moving Consumer Goods Packaging market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).
The global Fast Moving Consumer Goods Packaging market size was valued at USD 746.75 Million in 2021 and it is projected to reach around USD 1109.25 Million by 2030.