GLOBAL FMCG PACKAGING MARKET TRENDS | INDUSTRY SHARE, SIZE, GROWTH & FORECAST 2031
The global FMCG packaging market was worth around USD 691.5 billion in 2021 and is estimated to grow to about USD 955.6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.68 percent over the forecast period. The report analyzes the FMCG packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the FMCG packaging market. Consumer packaged goods (CPG) or fast-moving consumer goods (FMCG) refer to a group of high-demand merchandise that are sold quickly and for a comparatively low price. Processed foods, beverages, vegetables, toiletries, fruits, and other consumables are among these things. To protect the product from contamination and the growth of microbes, FMCG items are packaged using a variety of materials such as plastic, glass, metal, and paperboard. This, in turn, aids manufacturers in preserving product quality, extending shelf life...