In 2017, beverage, foods, home and personal care market segments have seen over 3,000 billion units of consumer packaged goods sold. Analysts from Euromonitor International forecast that approximately 250 billion additional units will be sold by 2020 (3 per cent compound annual growth rate – CAGR – from 2017 to 2020).
Within consumer packaged goods, beverages account for 55 per cent of the packaged units sold. Food is the second largest market, representing 38 per cent; the remaining 7 per cent are home and personal care products.
Fast moving consumer goods (FMCG) are packaged using a large range of materials. The four most common packaging materials for these categories remain PET – 21 per cent share of total consumer packaged goods, glass – 15 per cent, can – 13 per cent and carton – 11 per cent.
In a market dominated by China – 23 per cent and USA – 16 per cent, the packaging material that is most widely adopted is PET, accounting for 46 per cent of the packaging units. PET is the packaging material of choice for carbonated soft drinks and mineral water, showing interesting growth opportunities within tea and dairy segments.
Alcoholic drinks market is valued at 1.320 billion euros, 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 much attractive in this segment, mainly due to its transparency, branding opportunities, practical benefits (squeezability) and cost-efficiency, coupled with producers’ incremental need to reduce carbon footprint and weight of containers.
With the home and personal care market accounting for 207 billion units in 2017, home care subcategory (61 per cent of it) expects +2.3 per cent CAGR (up to 2020), mainly driven by increasing adoption of functional, transparent packaging, ‘greener’ and innovative formulations. Personal care is also set for growth (+1.7 per cent CAGR up to 2020), with Asia leading in population, production and consumption.
FOOD, HOME AND PERSONAL CARE