Demographic changes in the developed world heighten the demand dynamics in the FMCG packaging markets, which is forecast by market analyst Visiongain to record “solid growth” over the next decade.
Two major drivers will deliver “consistent growth” in the global FMCG packaging markets, the experts predict.
The first driver comes from aging societies across the world which are demanding more of healthcare FMCG products, increasing demand for FMCG packaging markets, according to the Visiongain Global Fast Moving Consumer Goods (FMCG) Packaging Market 2013-2023 report.
Demand for various easy-to-open packaging is also forecast to increase, particularly in food and beverage FMCG markets.
The report adds that, secondly, emerging market growth will “positively affect” FMCG packaging demand. As the middle class consumer class widens, demand for various FMCG products is expected to materialise. Packaged goods are often viewed as superior quality and more hygienic, explaining emerging market consumers’ preference for them.
