The consumer packaging market size was valued at USD 541.2 billion in 2021 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2022-2028. Packaging protects items during transit, increases their useful life, and even conveys critical information about the product's composition and purpose. Well-designed packaging facilitates transportation and stocking while decreasing waste throughout the supply chain. Sales in the FMCG packaging market are expected to stay high throughout the forecast period due to the rise of industries such as electronic, pharmaceutical, food & beverage, and personal care in emerging nations.

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The global consumer packaging market segmentation:  

1) By Material Type: Plastic, Paperboard & Paper-based Product, Aluminum Foil, Others.

2) By Product: Pouch & Sachets, Bags, Wrapping Films, Laminates, Liners, Stick Packs, Others.

3) By Layers: 3-5 Layers, 5-7 Layers, >7 Layers.

4) End Users: Food & Beverage, Cosmetics & Personal Care, Healthcare, Electrical & Electronics, Pharmaceuticals, Pet Food, Agriculture & Allied Industry, Others.

Plastic Segment Expected to Dominate the Consumer Packaging Market
Based on material type the global consumer packaging market is segmented into Plastic, Paperboard & Paper-based Product, Aluminum Foil, and Others. The plastics segment holds highest market share due to rise in number of end user industries including food & beverages, pharmaceuticals, and personal & household care. Moreover, the rising penetration of organized as well as e-retail across the world is fueling the growth of the global consumer packaging market. Moreover, plastic offers both flexible & rigid, transparent, and lightweight forms of packaging on account of which the key application sectors primarily prefer it over its counterparts, such as metal or glass. Furthermore, engineered plastic can survive in extreme environments and does not degrade in extreme temperatures, thus preserving the integrity of products, such as food & beverages, and cosmetics.

North America Leads Consumer Packaging Market

North America expected to witness significant growth in the market owing to increase in the demand for food and beverage packaging industry. The US is the major consumer of packed food which will aid in the market growth. US is getting rapid transition due to rise in food outlets, healthy lifestyle has moved consumers to packaging food. Asia pacific accounts highest market share of the global consumer market in forecasting period due to rising urbanisation, grow in population, and increase in disposable income which will anticipate the growth of the global consumer packaging market in chain, Japan, and India.

 

 

Global Consumer Packaging market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In January 2022 - Amcor announced the addition of new, more sustainable high-shield laminates to its pharmaceutical packaging portfolio. The new low carbon, recycle-ready packaging options deliver on two fronts, providing the high barrier and performance requirements needed for the industry while supporting pharmaceutical companies’ recyclability agendas.

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Key players’ in the consumer packaging market Evergreen Packaging, General Packaging Products, Fusion Packaging Solutions, Exopack Holding, Huhtamaki OYJ, Mondi Group, Polyoak Packaging Group, Owens-Illinois, Air Packaging Technologies, Tetra Pak, Crown Holdings, Rexam, Amcor, and Blue Ridge Paper Products

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