Market size, share and growth analysis across all major regions and key countries, with forecasts for 2022–2030. The competitive landscape profiles 18+ companies, including Amcor, Ball Corporation and Crown Holdings.
The global fast moving consumer goods packaging market was valued at USD 787 Mn in 2022 and is projected to reach USD 1.11 Bn by 2030, growing at a CAGR of 5.8%. Europe is the largest regional market and Asia-Pacific is growing fastest.
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.
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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 |
| 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:
Key market players in the Fast moving consumer goods packaging market
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
By Application
By Region
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Updated: August 2026 · Formats: PDF, Excel, PPT
"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.
Author · Sr. Research Analyst
Ayush Kadam is a Senior Market Research Analyst at Custom Market Insights, with over seven years of experience in syndicated and custom market research. He specializes in market sizing, competitive intelligence, industry trends, forecasting, and strategic insights, helping clients turn complex data into actionable business decisions.
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