Rising Demand of New Product Designs Will Significantly Impact the Global FMCG Packaging Market Until 2020, Says Technavio

LONDON--()--According to the latest research study released by Technavio, the global FMCG packaging market is expected to reach over USD 557 billion in revenue by 2020.

This research report titled ‘Global FMCG Packaging Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.

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“Vendors are offering innovative packaging designs that help prevent contamination of products in industries such as food and beverages. Paper and paperboards are preferred by manufacturers because of the non-biodegradable nature of plastic and metal packaging, and its minimal impact on the environment. The eco-friendliness and biodegradable nature of paper packaging has thus led to the increased use of these products in the market,” said Sharan Raj, one of Technavio’s lead analysts for packaging research.

“Amcor and Bemis are two leading food and beverage companies who are actively exploring enhanced packaging products and solutions with unique designs, for meeting production needs and creating product differentiation,” added Sharan.

Segmentation of global FMCG packaging market by material

Flexible plastic       43.26%
Rigid plastic       16.87%
Paper and paperboard       16.46%
Other materials       11.64%

Top three segments of the global FMCG packaging market:

  • Flexible plastic
  • Rigid plastic
  • Paper and paperboard

Flexible plastic: largest segment of the global FMCG packaging market

The global FMCG packaging market by flexible plastic was valued at USD 176 billion in 2015. Technavio researchers anticipate the flexible plastic segment to grow rapidly during the forecast period owing to an increase in the demand from FMCG products. Flexible packaging includes films, sheets, pouches, and bags that offer down-gauging options and protection from contamination and deterioration.

The global flexible packaging market is characterized by innovative offerings such as BoPET, which is made from stretched PET and has high tensile strength, chemical stability, and reflectivity. In addition, ethylene vinyl alcohol (EVOH) and PA are commonly used as oxygen barriers in FMCG packaging. They are known for their weather, oil, and solvent-resistant properties. In addition, they exhibit high flexibility, moldability, recyclability, and thermoform properties.

Rigid plastic: second largest segment of the global FMCG packaging market

The global FMCG packaging market by rigid plastic amounted to USD 89.7 billion in 2015. The global FMCG rigid plastic packaging market is anticipated to grow moderately during the forecast period. Major customers of rigid plastic packaging are distributed across verticals such as food and beverages, pharmaceuticals, and consumer packaged goods. These customers benefit from plastic products because of its non-reactive nature and ease of transportation. These products are used to pack products such as bakery, confectionery, frozen foods, personal care products, and medical devices.

Global FMCG packaging market by paper and paperboard

Technavio analysts expect the global FMCG packaging market by paper and paperboard to grow at a steady rate during the forecast period. Paper and paperboard packaging is an emerging trend in the packaging industry. It is gaining importance in many countries as it is environmentally friendly and cost-effective. Paperboard is used to make containers such as boxes, cartons, and trays for packaging and shipping and is not used for direct food contact. The various types of paperboards used for packaging are white board, solid board, chipboard, and fiberboard. The global FMCG packaging market by paper and paperboard is expected to reach close to USD 148 billion by 2020.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest research study released by Technavio, the global FMCG packaging market is expected to reach over USD 557 billion in revenue by 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com