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

The FMCG Packaging Market, estimated at USD 661.6 Billion in 2024, is expected to witness a steady growth trajectory, projected to expand at a Compound Annual Growth Rate (CAGR) of 5% from 2024 to 2032. This comprehensive study, with 2023 as the base year, offers insights into market size in terms of value (USD Billion) and forecasts spanning from 2024 to 2032. The report meticulously segments the market based on Material Type, Product Type, End User, and region/country.

Fast-moving consumer goods (FMCGs) constitute a broad spectrum of affordable products that swiftly move off shelves in various retail outlets like supermarkets, hypermarkets, and convenience stores. Particularly within the personal care category, FMCG companies harness packaging strategies to captivate and sway consumers.

Emerging trends underscore consumers' gravitation towards packaging that highlights affordability, convenience, easy storage, differentiation from competitors, style, and aesthetic appeal. Nevertheless, the escalating consumption of FMCGs significantly contributes to packaging waste. Encouragingly, the market is witnessing the emergence of numerous sustainable alternatives poised to address this challenge.