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
|Paper and paperboard||16.46%|
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.
Browse related reports:
- Global Tube Packaging Market 2015-2019
- Global Pharmaceutical Packaging Market 2016-2020
- Global Flexible Paper Packaging Market 2015-2019
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