This market research report includes a detailed segmentation of the global FMCG packaging market by material type (flexible plastic, paper and paperboard, rigid plastic, and other materials) and by end-user (F&B, home care, pharmaceutical, and personal care). It outlines the market shares of key regions such as APAC, North America, Europe, and ROW. The key vendors analyzed in this report are Amcor, Ball, Berry Plastic, Crown Holdings, and Tetra Pak.
Big Market Research announces a new market research report on the global FMCG packaging market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Fast-moving consumer goods (FMCG) packaging is used to pack products such as meat, fruits and vegetables, dairy products, baked goods, toiletries, pre-packaged foods, soft drinks, and cleaning products. The major customers of FMCG packaging are food and beverages, pharmaceuticals, personal care, homecare, and other industries. Europe leads the FMCG packaging market, owing to rise in demand for flexible FMCG packaging products in the region. Germany, Italy, and the UK are the major revenue contributors for the European market.
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The new industry research report discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends gaining traction in this market is the increased adoption of pouch packaging. Pouch packaging is made of multi-level laminates that maintain the sterile packaging of different foods and beverages. Pouch packaging helps maintain safety and product freshness. Being compact and lightweight, pouches are convenient to use. Several FMCG vendors are using retort pouch packaging as it provides scope for the creation of new designs and sizes. These pouches can also be customized based on the demand from consumer goods manufacturers,”
Flexible plastic occupies the largest share in the market, covering 35% of the total market. Much of this segment’s growth can be attributed to the growing demand for flexible plastics tubes, retort, and stand-up pouches for convenience food products. Flexible packaging offer high flexibility, moldability, recyclability, and thermoform properties, besides providing down-gauging options from contamination and deterioration.
The key players in the global FMCG packaging market are Amcor, Ball, Berry Plastic, Crown Holdings, and Tetra Pak. Recent mergers and acquisitions and expansion plans of packaging companies in emerging markets worldwide are predicted to propel the growth of the global FMCG packaging market. The global market remains fragmented with a mix of small, medium, and large-sized packaging companies. Most of FMCG companies do business in multiple ranges of packaging materials and serve multiple end-users.
Browse all Packaging Industry Report @ http://www.bigmarketresearch.com/packaging-market-report
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