FMCG Packing Market to Surpass $1 trillion by 2030 Driven by Innovation, Environmental Concerns and Rapid Growth in e-Commerce
A new report from Industry Experts Inc, on " FMCG Packaging ," is released. According to this global market research report, the market for FMCG Packaging is estimated at US$793.6 billion in 2024, up from US$756 billion in 2023, and projected to post a CAGR of about 5% between 2024 and 2030 to reach US$ 1.1 trillion in 2030. The global FMCG Packaging market is driven by several key growth trends: rising consumer demand for convenience, the rapid growth of e-commerce, and increasing awareness of sustainability. As consumers seek easy-to-use and store products, innovative packaging solutions are needed to meet these demands. The shift towards eco-friendly packaging, driven by environmental concerns and regulatory pressures, is pushing brands to adopt recyclable and biodegradable materials. The Food & Beverage sector led the market with a 68.7% share in 2024 because of the high demand for packaged consumables, driven by increasing urbanization, busy lifestyles,...