In 2019, beverage, foods, home and personal care market segments have seen over 3,600 billion units of consumer-packaged goods sold.
Global data analysts forecast that approximately 267 billion additional units will be sold by 2022 (2 per cent compound annual growth rate – CAGR – from 2019 to 2022).
Within consumer-packaged goods, beverages account for 46 per cent of the packaged units sold. Food is the largest market, representing 49 per cent, and the remaining 5 per cent are home and personal care products. Fast-moving consumer goods (FMCG) are packaged using a large range of materials. The most common packaging materials are PET (15 per cent share of total consumer packaged goods), glass (13 per cent) and metal (9 per cent).
In a market dominated by China (22 per cent) and Europe & Central Asia (17 per cent), the packaging material that is most widely adopted is PET, accounting for 42 per cent of packaging units. PET is the packaging material of choice for mineral water, but is also leading in carbonated soft drinks and iced/ready-to-drink teas. Additionally, it is showing interesting growth opportunities within the dairy segments.
The alcoholic drinks market is valued at €1,670 billion in 2019, with the wine and spirits segments showing dynamism in terms of packaging line investments, due to multiple packaging changes taking place at a fast pace.
Food is an innovative and growing market. PET is very attractive in this segment, mainly due to its transparency, branding opportunities, practical benefits (squeezability) and cost efficiency, coupled with producers’ incremental need to reduce their carbon footprint and weight of containers.
With the home and personal care market accounting for 179 billion units in 2019, the beauty care subcategory (58 per cent of the total) expects a 2.0 per cent increase in CAGR until 2022, mainly driven by the increasing adoption of functional, transparent packaging, ‘greener’ and innovative formulations. Home care is also set for an equivalent growth path with a 2.0 per cent increase in CAGR by 2022, with Asia leading in population, production and consumption.
PACKAGING MARKET & CATEGORIES
FOOD, HOME AND PERSONAL CARE